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Tax Shop Accountants Linden -incl Parkhurst & surrounds

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Tax Shop Accountants Linden -incl Parkhurst & surrounds

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Keep your taxes and financial affairs in order with our qualified tax specialists and accountants

tax services, tax advice, tax return completion & submission, financial statements, management reports, accounting services, business advisory services

29/10/2026

Still running monthly team payments on a manual spreadsheet? Here is why it might trigger a SARS audit—and cost your business thousands 👇

Outdated Calculations: Spreadsheets won't alert you when tax brackets or UIF caps change, leading to under-deductions that trigger red flags at SARS.

EMP201 Headaches: Reconciling monthly PAYE, UIF, and SDL manually makes bi-annual EMP501 submissions a nightmare.

IRP5 Compliance: SARS expects precise reporting for every employee—even those earning under the tax threshold.

Don't wait for an audit letter to clean up your payroll system! 💡

Let The Tax Shop Linden take the stress off your payroll. From employer registrations to monthly EMP201 returns and seamless reconciliations, we keep your business 100% compliant and audit-ready.

Whatsapp 084 363 2088
Email [email protected]

27/10/2026

Taking a client out to lunch or hosting a team event? Before you submit those receipts, make sure you know SARS’ strict rules on entertainment expenses!

Claiming business entertainment against Income Tax or VAT is one of the quickest ways to trigger a SARS audit if it isn't handled correctly.

Here is what every business owner needs to keep in mind:

Income Tax vs. VAT Rules: SARS treats entertainment differently for income tax deductions and VAT input claims—knowing where the line is drawn is essential.

Proof is Everything: You need detailed records, valid tax invoices, and clear proof that the expense directly produced business income.

High Audit Risk: Entertainment claims are regularly flagged for verification, so getting your tax position verified beforehand saves major headaches later.

Avoid costly compliance surprises! Make sure your expense claims are 100% audit-ready before you file.

07/10/2026

As we move further into tax season, please ensure you take note of two key SARS submission cutoffs falling on this date:

Personal Income Tax (ITR12) Submissions
If you are a non-provisional individual taxpayer filing via SARS eFiling or the eFiling app, 23 October 2026 is the final deadline to submit your annual return and remain fully compliant.

Auto-Assessment Corrections & Submissions
If you received a SARS auto-assessment earlier this season and need to declare additional income, claim allowable deductions, or amend the assessment, 23 October 2026 is also the official cutoff to submit your return.

Filing ahead of the deadline ensures your profile remains up to date while avoiding potential rush delays.

The team at The Tax Shop Linden & Parkhurst is here to assist you with accurate submissions and professional tax guidance.
Whatsapp 084 363 2088
Email [email protected]

30/09/2026

Missing a valid tax invoice when filing your return doesn't mean you've lost out on your VAT refund forever.

Under Section 16(3) of the Value-Added Tax Act, SARS allows registered VAT vendors to claim forgotten or unclaimed Input VAT up to 5 years after the date of the original invoice. If you find a mislaid invoice from 2 or 3 years ago that you never claimed on your VAT201, you can simply include it in your current VAT period’s input tax claim—no need to formally reopen or object to past returns.

Key rules to keep in mind:
✔ You must hold a valid, full Tax Invoice that meets all SARS requirements (showing both parties' VAT numbers if over R5,000).
✔ The invoice must not be older than 5 years from the end of the tax period in which the tax became deductible.
✔ The expense must have been incurred for making taxable supplies in your business.

Don't write off old, unclaimed receipts—check your records to see if your business has unclaimed input tax waiting to be recovered!

Need help reviewing your past accounts or verifying tax invoice compliance?
Contact The Tax Shop Accountants Linden to review your tax position.
Whatsapp 084 363 2088
Email [email protected]

22/09/2026

📅 Upcoming SARS Deadline Alert

Attention all employers! It is a legal requirement to submit your interim EMP501 reconciliation to SARS for the transaction period covering 1 March 2026 to 31 August 2026.

To successfully complete and submit this reconciliation, ensure that your business is registered with SARS for Employees' Tax and that you have a valid PAYE reference number ready.

Submission Deadline: 31 October 2026

Ensure your payroll records are accurate and up to date well ahead of the deadline. Contact The Tax Shop Linden & Parkhurst today for professional assistance with your compliance and filing.

18/09/2026

Crypto compliance is officially under the SARS spotlight. A common mistake many South Africans make is assuming tax only applies when converting crypto back into Rand. In reality, SARS views crypto as an asset, meaning tax rules kick in the moment a transaction happens—whether you are trading coins, making purchases, or accepting crypto in your business.

Knowing how to declare these transactions correctly is essential to avoiding audits and heavy penalties:

▶ Active trading and short-term gains are taxed as ordinary income (up to 45%), while long-term investments may qualify for Capital Gains Tax (up to 18%).

▶If your business accepts crypto for products or services, SARS treats it as a barter trade. You must declare the Rand value on the day of the sale as gross income.

▶You need clear records of every trade, including the transaction date, original cost, and Rand value at the time.

Unsure if your crypto portfolio or business transactions are fully compliant?
Contact The Tax Shop Accountants Linden to review your tax position.

Whatsapp 084 363 2088
Email [email protected]

14/09/2026

Take the hassle out of your accounting and remain tax compliant with Tax Shop Accountants Linden -incl Parkhurst & surrounds
We provide professional accounting, bookkeeping, tax, and business advisory services tailored specifically for Small and Medium Enterprises. As registered SAIT members and SARS tax practitioners, we ensure your financial management and statutory requirements are handled with complete accuracy and expertise.

Focus on running your enterprise with peace of mind while our team manages the rest. 💼

Call 084 363 2088 or email [email protected] for an obligation-free quote.

26/08/2026

Navigating the highs and lows of running a small business isn't just about balancing the books — it requires taking care of the person behind the operational decisions. While our focus at The Tax Shop Linden is ensuring your financial compliance, tax, and accounting run smoothly, long-term business success depends heavily on your personal well-being and support systems.

A resilient business starts with a resilient business owner. While you focus on building your health, skills, and network, let us handle the numbers.

Get in touch with The Tax Shop Linden today for professional accounting, tax, and advisory solutions tailored to your business.
☎️084 363 2088 📩 l [email protected]

20/08/2026

SAVE THE DATE!
31 August 2026 marks the first Provisional Tax payment for the 2027 tax year for individuals and companies with a February year-end. Taking charge of your figures early keeps the stress down and avoids unnecessary penalties.

Need help submitting your return or calculating what you owe?
Contact The Tax Shop Linden today for expert assistance!

084 363 2088 [email protected]

12/08/2026

With currency fluctuations, rising input costs, and shifting market conditions, managing an SMME in South Africa right now requires a lot of resilience.

In an unpredictable economic climate, a solid, adaptable budget is your best tool for making informed business decisions and steering through the storm. It is no longer just about tracking expenditure; it is about scenario planning for the worst-case, mid-range, and best-case outcomes so you can pivot quickly when things change.

If you want to move from just surviving to building long-term financial resilience, adopting a more agile approach to your numbers is key.

Read the full article by Bernard Schoeman from The Tax Shop Accountants for practical budgeting strategies to help your business navigate market volatility and set yourself up for sustainable growth 👇

https://taxshopservices.co.za/business-budgeting-strategies-for-navigating-volatile-markets/

Address

The Tax Shop Accountants Linden 1A Fourth Street
Parkhurst
2193

Opening Hours

Monday	09:00 - 17:00
Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
Thursday	09:00 - 17:00
Friday	09:00 - 16:00

Website

https://taxshopservices.co.za/

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