SARS has widely reported the changes to the provisional tax system in the media. Part of these changes relate to those who do not need to submit an IRP6 (provisional tax return) anymore.
A common misunderstanding is that if you have no tax to pay, ie the net result of your return would be nil, then you don't have to submit a return. This is NOT the case.
We can provide you with any payroll information in most formats for importation into your system. All you need to know is what format the information must be in!! Full integration will be difficult.
We operate using Pastel Payroll, which in itself offers only limited report customisation, however our Technology division has developed special purpose reports for our clients.
Yes, absolutely. Most of our payroll work has been multi location outside of Kwa-Zulu Natal. It merely requires access to a telephone, email, fax machine or a courier service! If you dont have one of these...you need a little more than an outsourced payroll!
The South African Revenue Services has come a long way in recent years. As a young man just entering the working class, I can remember braving the walk down Rissik Street in Johannesburg to stand in long queues in overcrowded rooms with people who clearly did not share my sense of hygiene...
Those days are thankfully gone! You can (and almost have to) now submit your tax return online. Great....or is it?
Easy answer - everything.
What you need depends on the type of income you have and what deductions from your tax you would like to claim.
We have created a quick wizzard to help you work this out - try it, its free and anonymous!!
| Annual returns - Companies (includes VAT & CIPC fees) | Price |
| Turnover less than R1m | 627 |
| Turnover between R1m & R10m | 1,026 |
| Turnover between R10m & R25m | 2,793 |
| Turnover greater than R25m | 3,933 |
| A late submission penalty is levied by CIPC depending on your turnover and how late your return is. | |
| We offer a discount on our fees for processing multiple years | |
| Annual returns - Close Corporations (includes VAT & CIPC fees) | |
| Turnover less than R50m | 627 |
| Turnover equal to or greater than R50m | 5,073 |
| A penalty of R150 is payable for late submissions | |
| Company Secretarial | |
| Registration of a new Company (add R345.50 if you use the Long Memorandum of Incorporation) | 880 |
| Amend CC's details (CK2 & Ck2A) | 199.50 |
| Name reservations (online) | 199.50 |
| Name reservations (manual) | 399 |
| Extension of name reservations | 175 |
| Changes to register of directors | 570 |
| Fulfilling the duties of Accounting Officer (per annum) | 5,130 |
A good Bookkeeper is a valuable resource who will take care of all the financial issues and keep you apprised of the financial health of your business. A bad one can destroy your business. Here’s a practical checklist to guide you through the process:
You must register as a taxpayer if:
The following must also register:
Your employer is required by law (Para 13(8) 4th Schedule, Income Tax Act) to provide you with a copy of your IRP5. You can under the following circumstances request a duplicate certificate from SARS:
If an individual receives less than R120,000 from a single employer for the full tax year AND all allowances were taxed in full (ie you did not get a travel allowance), then you do not need to submit a tax return.
If you have deductions that you wish to claim, you can submit a tax return.
The source codes are those obscure codes you need to fill in next to your income or loss on your tax return. They can obtained from this page using our tool...or you can wade through pages and pages of the original booklet issued by SARS on their website
Individuals
If you are submitting your return manually (not recommended) 30 September 2010. Via efiling, you have until 26 November 2010.
Companies
Within 12 months after the financial year end of the company or Close Corporation.
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