Accounting,  Tax

Financial Statements 2019 – Time to submit

All private companies with a February year end, should have submitted the Annual Financial statements to SARS for the year ended 28 February 2019.

If the company has a tax liability, there is going to be a penalty for late submission.

SARS has now also started sending out notices to companies who have not submitted their income tax returns yet, to give notice that administration penalties will be charged on a monthly basis, for every month the return is outstanding.

If a company has not traded for the year in question, a Nil return still has to be submitted.

Contact us now for assistance with company tax returns and annual financial statements.

annual financial statements

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