CA Accounts

29/06/2024

Tax season 2024 is around the corner. Don't forget to gather the following documents for your tax practitioner to ensure an easy and smooth filing process:
▪️IRP5's
▫️IT3 certificates from financial institutions
▪️Retirement certificates for RA or pension
▫️Medical aid certificate
▪️Proof of out of pocket medical expenditure
▫️S18a Donation certificate
▪️ Bank statements for rental income and expenses
▫️Anything else that may be prudent to your tax affairs. E.g. sale of house, sale of shares, crypto assets

If you need assistance, please reach out on [email protected] or WhatsApp 0836321470.

08/12/2022

For all employers, please take note:

President Cyril Ramaphosa has declared Tuesday, 27 December 2022, as a public holiday because of Christmas Day falling on a Sunday.The Presidency said the decision follows a declaration to this effect by Ramaphosa in terms of Section 2A of the Public Holidays Act (Act No 36 of 1994).

https://www.citizen.co.za/news/ramaphosa-declares-27-december-public-holiday/

If you require assistance with leave schedules and payroll calculations, please get in touch via WhatsApp or email.

22/11/2022

Do you need assistance registering your ITR-DD Disability with SARS? Remember that a registered disability assists with your medical claims each year. Taxpayers cannot claim for a disability without the required ITR-DD form. For a Permanent Disability, as diagnosed by a medical professional, the ITR-DD is valid for 10 years with SARS whereas, the validity for a Temporary Disability, as diagnosed by a medical professional, is 1 year.

Disability claims can include, but are not limited to: Special schools, autism, tutoring, special needs care, travel & transportation, insurance, maintenance, repairs, supplies, prosthetics, aids & devices, Sign-language, service qnimals, alterations or modifications to assets or your home.

Please feel free to WhatsApp us on 0836321470 or to email us on [email protected] to setup an appointment.

Tax and Disability

For tax purposes, a disability means a moderate to severe limitation of any person’s ability to function or perform daily activities.

More information here: http://bit.ly/2YKVqyd

17/11/2022

Are your tax affairs in order?

Administrative Penalties, which are dependent upon taxable income, range from R250-00 to R16 000-00 PER MONTH EVERY MONTH until you submit the outstanding returns.

Let us help you get your tax affairs in order and ensure tax compliance.

Email: [email protected]
Call / Whatsapp: 083-632-1470

SARS warns that new fines for taxpayers take effect next month.

15/11/2022

✔️Stay ahead of fraudsters and their scams:

Fraudsters are always looking for ways to scam you. The good news is that SARS has robust security systems protecting taxpayers’ information in the form of OTP's; usernames and passwords.
SARS will never send links to click on or refund requests as all information or correspondence can be accessed directly from your e-filing profile.
If you are uncertain as to the validity of an email from "SARS," send it to your tax practitioner and they will advise you accordingly.

02/11/2022

STAY ALERT!

Beware of emails or SMSs that ask for personal, tax, banking and eFiling details like login credentials, passwords, pins, credit/ debit cards. SARS will not send you links to other websites - even those of banks. Learn more: https://bit.ly/3CZaLJF

15/08/2022

South African Revenue Service (SARS) have announced that Sign Language Interpreters will be available to assist deaf taxpayers and taxpayers with hearing loss at selected /designated branches on some Fridays in August & September.
🦻

12/08/2022

Fantastic news! It's been such a struggle to get assistance during the strike and in the midst of tax filing season 🤭.

The South African Revenue Service (SARS) welcomes the suspension of the industrial action by two recognized labour unions, PSA and NEHAWU. The PSA was the first officially to suspend the industrial action from 20 July 2022, followed by NEHAWU on 08 August 2022.

23/07/2022

As an accountant, I am often asked similar questions by my clients, so I thought I may share some of the frequently asked questions ( ) and answers ( ) with you:

❓️Does an individual trading as a sole proprietor need to have a formal set of annual financial statements before a tax return can be submitted?

✔️An individual trading as a sole proprietor is not subject to the Companies Act and thus, they do not require a formal set of annual financial statements in order to submit their tax return. However, the sole proprietor should have a summary of transactions for the tax year and these must be formulated into a comprehensive income statement.