Your Partner In Growth
A non-profit company is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest. The income and property of a non-profit company is not distributable to its incorporators, members, directors, officers or persons relating to any of them and must be used …
Since 1 May 2011, the Companies and Intellectual Property Registration Office (CIPRO) ceased to exist and was replaced by the Companies and Intellectual Property Commission (CIPC). The New Companies Act came into being at the same time, changing the way business owners register a company. The Act stipulates that no new close corporations (CC) can …
Most small businesses are sole proprietorships because this type of business is the easiest and least expensive way to start a business. But what is a sole proprietor? Should you start a sole proprietor business? Are You a Sole Proprietor? If you haven’t selected a specific business form and registered it with your state, you …
What is rental of residential accommodation? If an individual rents out a property and gets a rental income, it will be subject to being taxed. Rental of residential accommodation includes: holiday homes bed-and-breakfast establishments guesthouses sub-renting part of your house e.g. a room or a garden flat dwelling houses and other similar residential dwellings. How …
In our continued effort to improve compliance and to make it even easier for taxpayers to manage their tax affairs, the South African Revenue Service (SARS) has introduced an enhanced Tax Compliance Status System. Being tax compliant and ‘paying your fair share’ is not just good for you, but also contributes to the positive growth …
Help-You-eFile on the SARS eFiling website allows you, the taxpayer, to ask a SARS agent to share your view of the eFiling screen on your personal computer. You have the support and advice of our staff without having to visit a SARS branch. You can even ask a SARS agent to call you back. You can start a …
In this section of the website we’ve simply provided you with some key life stages and how tax matters need to be considered. Tax and starting work. No one teaches you about tax so here are a few helpful tips as to what elements you need to consider. Tax and changing jobs. Many of us …
What’s New? 25 June 2018 – New way to object to penalties Previously one source code was available to object to the different types of additional taxes for all assessments and penalties. The previous source code was 9997 – Additional Taxes/USP & Interest, including 89Q (2) Interest. SARS has enhanced this process so that you …
What’s New? 1 March 2018 – Year-end payments The deadline for outstanding tax returns and payments due by end of March, was Thursday 29 March 2018, before Easter. Due to the long weekend, taxpayers were requested to pay by 12-midday. Pay conveniently online, on time – avoid penalties and interest. Being late could cost you! Do you have …
Taxpayers need to submit a tax return to SARS so we can calculate your tax liability based on the income you declare and the tax-deductible expenses you have incurred for a year of assessment. In some cases it may result in a refund. The annual Tax Season is when you will be required to submit …
