TAX COMPLIACE
SARS, the South Africa Revenue Service (under the Treasury Department) is a government agency, governed by the South Africa Revenue Service act 34 of 1997, mandated to collect all taxes in the country. Taxation is a complex, and constantly changing field, and we will assist you all the way to make sure you are compliant with the legislation and not be burdened with the headache. It could be seen as a business risk, for failing to comply. We have qualified registered tax practitioner to guide you all the way to make this requirement by law less painful.
SnG BUSINESS CONSULTING
INCOME TAX FOR INDIVIDUALS AND SMALL TO MEDIUM BUSINESSES
We will guide you through the process of registering you and/or your business for taxation. We will provide expert advise on how to compile your Income Tax Returns, notify in advance when it is due, and submit through SARS e-filing online system; no need to stand in queues. The compilation of the Tax Return is a time consuming and complex process, we will guide you all the way, from obtaining IRP5/IT3 (a), Medical Aid, Income protection and Retirement Annuity Certificates; travel log book and travel claims, Rental income, or income from other sources, and other relevant information.
For small to medium business, we make sure compliance is firstly covered, then we allow our practitioners to delve into the process of minimising your exposure. For small companies, especially, the tax burden can be huge, so tax exemption may be possibility and will be explored.
PROVISIONAL TAX FOR INDIVIDUALS AND BUSINESSES
Any individual earning income, other than a salary, automatically will be a provisional tax payer, e.g. earning a Rental Income. As a provisional tax payer, you will need to submit two payment (half yearly) per year, to lessen the burden of a single payment. We will assist in submitting your IRP6 via e-filing
By default a company is registered for provisional tax, and needs to be compliant. For small companies we will guide you to get Small Company exception, or see where we can minimize the tax burden impact.
We will also assist with extensions and deferred payments.
VALUE ADDED TAXATION (VAT)
The SARS VAT system is complex and updated constantly. VAT registration is not limited to companies, but any individual (will be referred to a tax vendor) who carries out a business over R1m, it is mandatory over a twelve month period. However business are encouraged to register for VAT, if their business income exceeds R50 00 per annum. There are also certain industry section who are exempt from VAT or who cannot be registered for VAT. We will ensure your VAT registration, compliance, disputes and inspections are deal with seamlessly and transparently.
TAX CLEARANCE
In order to be trusted business partner, tax clearance is a mandatory in obtaining government contracts and tenders. We will make sure you get your tax clearance, an indication that you are in good standing with SARS.
OTHER TAXATION SERVICES
We will assist in other taxation matter, such as Tax Planning, Directives, Dividend tax, Estate and Donations tax, just to mentioned a few.