Tax Compliance

Tax Compliance

SARS has even more wide ranging powers and is collecting more efficiently than ever before.  The world is getting smaller, so to speak, so it is imperative to keep your tax affairs in order.

Transaction base support for tax numbers

There are no substitute for recording your transactions into an accounting package, from where can slice and dice information.  What you can record you can control.

Queries & Issues

If you are not using a professional’s services in dealing with SARS, then download the 149 page Dispute Resolution Guide as a start.  Keep in mind that SARS do not need to act in your best interests, and that it’s better to comply, and to handle issues before they become problematic.

Provisional Tax

Each 6 monthly estimate needs to be more based upon the actual transaction base, adjusted to the full period, rather than a quick estimate, as variance of more than 10% may elicit a penalty of 10%+, depending upon the circumstances.