• Accounting,  Tax

    Financial statements – deadline.

    The deadline for tax returns for companies with a financial year end of 28 February 2018 is 28 February 2019. SARS will be imposed for outstanding companies tax returns(IT14’s) for years previous to 2018 from 7 January 2019. We can assist with financial statements for small businesses from R3 000 once off. Click here for more info. The tax returns for companies should be submitted to SARS at the latest 28 February 2019 along with the financial statements. We can also assist with Nil tax returns at R165 each. Even if the company has not traded, a tax return should still be submitted to SARS.

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  • Tax

    SARS objections

    Download the SARS service charter here.  The current turnaround time for SARS objections on personal income tax is 60 business days, which is 3 months.  Please see page 9 of the SARS service charter.  Any objection can only be escalated to the Ombudsman after 60 business days for resolution.   SARS objections process There are several reasons why some of the deductions on your personal income tax return was not allowed by SARS.  The supporting documents were not submitted, or it was submitted in the incorrect format.    Taxpayers normally have 30 days to submit an objection after an assessment has been received from SARS.  It is still possible to submit…

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