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  • PAYE,  Tax

    Tax directive – You can still apply

    All commission earners can still apply for a tax directive. This is for a monthly fix percentage deduction of employee tax. Which means that your monthly income will be more. We charge R250 for a tax directive Contact us at info@compliant.co.za

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  • Accounting,  PAYE,  Tax,  VAT

    Dormant Company

    Definition of Dormant company A company is deemed to be dormant if there hasn’t been any transactions in the name of the company for a certain period of time. This is also the case when a company seizes to trade, but does not get deregistered. Tax obligation Any company needs to submit tax returns, whether the company has been trading or not. This applies to all kind of taxes, income tax, employee tax and VAT. Submitting returns If there has not been any transactions during the year of assessment, NIL returns can be submitted for all tax types. No penalties will be imposed for late submissions. SARS will however impose…

  • PAYE

    PAYE recon

    All employers can start to submit their PAYE recon from 1 April 2019. This recon will cover the whole financial year, from 1 March 2018 to 28 February 2019. The deadline for submission is 31 May 2019. It is very important to keep accurate records of the monthly wages and salaries paid. Also to keep records of the employees’ personal details, such as address and banking details. All this information will have to be completed on the IRP5. After the PAYE recon is completed, it is submitted to SARS. And a copy of the IRP5 must be provided to every employee. The purpose of the PAYE recon is to compare…

  • PAYE,  Tax,  VAT

    SARS clamping down on non payers

    SARS has issued a statement on their website that all money due to them are to be paid before 29 March 2019. Read statement here. After the deadline, they are going to start taking action against tax payers with money due. This includes raising interest on outstanding amounts. SARS also has the right according to law to take money from a taxpayers bank account for money owed to them. It is important to make arrangements with SARS to pay outstanding taxes in installments. If you owe tax due to incorrect assessments or input VAT not allowed, you have to submit disputes in order to correct this. Contact Us now for…

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  • Accounting,  PAYE,  VAT

    Monthly bookkeeping – R750pm

    Bookkeeping for small businesses with a annual turnover of up to R1m for only R750 per month for the first year. Please contact us for a quote should you have a bigger annual turnover. This service includes the following Pastel capturing VAT form submitted every second month 2 Provisional tax forms Income statement sent to client monthly Please note that a once off payment of R2 000 applies for the financial statements. Payslips are charged at R50 per payslip per month.

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  • PAYE

    Payroll

    We offer payslips at R50 per payslip per month. We use the latest payroll software to ensure that the latest tax tables are always applied. We will provide the client with copies of the payslips every month, and submit the PAYE form to SARS at no additional cost. SARS also requires every business to submit PAYE recons twice a year. One for the period ending August. And another for the period ending February. The cost for every PAYE reconciliation is R300 for clients who have their payroll info in electronic format. Contact us for additional quotes. See our FAQ page for more info.

  • PAYE,  Tax,  VAT

    Personal and company Tax debt

    Personal Tax debt SARS have now started to take money out of taxpayers’ bank accounts who have tax debt. This seems to be a growing trend by them this month. They know that a lot of people receive 13th cheques or bonusses this month. They mainly target people who has had debt for more than a year, and who has not made any attempts to make partial payments. This can be avoided if you take corrective action in time and manage the situation. Contact us now for advise on how to manage your debt. Company tax debt This also applies to company tax, which includes VAT and PAYE. Also for…

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