LET US, YOUR TAX CONSULTANT, TAKE CARE OF YOUR TAX RETURN AND MORE
Our team brings a vast range of expertise and experience to the table, in both finance and taxation, backed by years of experience in assisting clients with tax legislation and compliance. We are passionate about our knowledge of taxation laws and regulations and make it our mission to stay up-to-date with changes that may impact our clients. This is another of the many reasons our clients can expect quality in both service and accuracy when choosing to appoint our team.
SOUTH AFRICAN TAXATION
The majority of South African residents are required to register as taxpayers with SARS. If you meet any of the following requirements, you are required to pay tax in South Africa:
- Permanent or temporary South African residence.
- Homeowner in South Africa, regardless of tax residency.
- Foreign employment income exceeds R1.25 million.
WHAT TO EXPECT FROM OUR TAX CONSULTANTS
- Personal and corporate income tax returns
- Advice on the implications of income tax legislation
- Advice on various forms of taxation, such as PAYE, SDL, UIF, corporate income taxes, stamp duty, estate duty, donations tax and VAT
- Advice on capital gains tax and dividends withholding tax
- Contacting SARS on the client’s behalf
- Estates and Trusts
Each of our standard accounting packages includes taxation services to address submission requirements as well as client services that remind you of upcoming taxation deadlines. To see our accounting packages, click here.
INCOME TAX RETURNS
Any individual that derives a total salary income before tax of less than R350 000 in a full year from a single employer and does not have any other sources of additional income (such as rental income or interest from investments), and does not wish to lodge a claim against that income, is not required to submit an income tax return. Claims against income would include items such as medical expenses, travel expenses or retirement annuity premiums.
Any natural person that falls outside these parameters, or entity (trust, company, etc) is required to register with SARS for income tax and submit annual returns. Failure to register and meet SARS filing requirements and deadlines could render the taxpayer liable to penalties.
Whether you are unsure about income tax registration or are unfamiliar with the income tax returns process, our team will ensure that you meet all relevant annual tax return requirements to achieve the desired taxation compliance status.
PROVISIONAL TAX RETURNS
The provisional taxation system is an alternative collection mechanism to monthly PAYE, which would be collected by an employer from the salaried taxable income of its employees. An individual that derives taxable income that is not subject to PAYE, is required to register as a provisional taxpayer. Provisional tax is payable in two parts twice annually, based on estimated taxable income for the tax year in question, with a top-up or additional payment (if applicable) upon assessment.
All companies, trusts and other juristic entities automatically fall into the provisional tax system.
- A one-stop service
- Tax compliance without the stress and uncertainty
SARS is known to issue heavy penalties to non-compliant taxpayers. Additionally, interest can be levied on outstanding amounts, which can be detrimental to any business.
Our team can take year-end financial accounts and tax returns off your hands. Our integrated platform puts all your information in one place, making it easy for us to provide complete records for SARS and the Department of Labour. No more searching through piles of files and spreadsheets to maintain compliance – we’ll sort it all out for you, leaving you with more time on your hands to focus on other aspects of your business.
- On-time submissions – every time
If you would like more information on our tax consultant services, you are more than welcome to contact us directly.