Kingco Accounting

13/07/2026

Provisional Tax

Many taxpayers are surprised when it's time to submit their provisional tax return. Here are the answers to the most common questions:

✔️ Why do I have to pay tax before the tax year ends?
Because SARS collects your estimated income tax in advance to spread your tax payments over the year.

✔️ Isn't PAYE already deducted?
PAYE only covers your salary. If you earn additional income (such as rental income, investments, commissions, or self-employment income), you may still need to pay provisional tax.

✔️ Am I paying tax twice?
No. Provisional tax is an advance payment of your normal income tax. It is taken into account when your annual tax return is assessed.

✔️ Why is my provisional tax amount higher this year?
Your estimated taxable income may have increased, or your income sources may have changed compared to previous years.

The truth is provisional tax is not an extra tax. It's simply a way for SARS to collect your normal income tax in instalments during the year, helping to reduce a large tax bill at year-end.

Planning ahead can:
✅ Improve your cash flow
✅ Avoid penalties and interest
✅ Prevent unexpected tax surprises

If you're unsure whether you're a provisional taxpayer or need assistance calculating your provisional tax, Kingco Accounting is here to help.

📞 081 395 1525
📧 [email protected]
🌐 www.kingcoaccounting.com

Kingco Accounting – Keeping your business compliant, one deadline at a time.

06/07/2026

Don't leave your tax return until the last minute.
At Kingco Accounting, we help individuals and businesses with:

✔️ Income Tax Returns
✔️ Bookkeeping
✔️ VAT
✔️ Payroll
✔️ Company Registrations
✔️ SARS Queries

Let us take the stress out of your finances while you focus on what matters most.
📞 Call or WhatsApp: 081 395 1525
Kingco Accounting – Professional. Reliable. Affordable.

26/06/2026

KEEP YOUR BUSINESS FINANCES ON TRACK

At Kingco Accounting, we help businesses stay compliant, organised, and focused.

Let us handle the numbers while you focus on running your business.

Contact Us: 🌐 www.kingcoaccounting.com 📧 [email protected] 📞 081 395 1525

Your Finances, Our Priority.

18/06/2026

Have you started preparing for your tax return?
Avoid the last-minute rush and let us help you get everything ready before the filing season begins.

Getting your tax return submitted correctly and on time can save you stress and prevent unnecessary delays.

📞 Contact Kingco Accounting today to book your personal tax submission.
Tax season is coming — be prepared, not rushed.

16/06/2026

Today we celebrate the courage, determination, and resilience of South Africa's youth.
Youth Day reminds us that young people have the power to shape the future, drive change, and build stronger communities. We honour those who came before us and encourage the next generation to keep learning, growing, and pursuing their dreams.
At Kingco Accounting, we believe that investing in knowledge, opportunity, and hard work creates a brighter future for all.
Happy Youth Day, South Africa.

03/06/2026

02/06/2026

When a new Pty Ltd company is registered in South Africa, there are several compliance items that may need attention:
Immediately After Registration
✅ Appoint and record the director(s)
✅ Register a Public Officer with SARS (within 1 month of starting business)
✅ Open a business bank account
✅ Obtain a tax number (usually issued automatically by SARS when CIPC registers the company)
SARS Registrations (if applicable)
✅ Income Tax – mandatory for all companies
✅ VAT Registration – Compulsory if taxable turnover exceeds R2.3 million in any 12-month period. Voluntary registration may be available from R120,000 turnover.
✅ PAYE/UIF/SDL – if employing staff

CIPC Compliance
✅ Beneficial Ownership Declaration (must be submitted after incorporation and kept up to date)
✅ Annual Return (or Annual Duty from 2024 onwards) submitted each year to keep the company active
Other Registrations (if applicable)
✅ COIDA (Compensation Fund) if employing staff
✅ Industry-specific licences or registrations depending on the business activity

Ongoing Annual Requirements
✅ Annual Financial Statements
✅ Company Income Tax Return (ITR14)
✅ Provisional Tax Returns (IRP6) if applicable
✅ VAT Returns (if VAT registered)
✅ EMP201 and EMP501 submissions (if registered for PAYE)

Don't wait until penalties and compliance issues arise. Staying compliant from the start saves time, money, and stress.

📞 Need help with company registrations, SARS registrations, VAT, payroll, bookkeeping, or annual compliance?
Kingco Accounting can help.

26/05/2026

COIDA Reminder

The June 2026 deadline is approaching. Start getting your COIDA / Workman’s Compensation submissions ready now to avoid delays and penalties.
Keeping your COIDA up to date can help you:
✔ Obtain a Letter of Good Standing / COIDA certificate
✔ Qualify for projects and tenders
✔ Meet safety file requirements on sites
✔ Avoid unnecessary compliance issues
Don’t wait for last-minute problems. Get your documents prepared early and stay compliant.