- I have not submitted a tax return in more than 4 years. Will you still be able to assist?
Yes. We will be able to submit all outstanding returns based on the supporting evidence you can gather. It is important to remain tax compliant for your entire tax-life, as tax clearances are often required for employment applications, buying property, etc.
- Do you assist with Tax Free Investments Savings Accounts (TFSA) & Retirement Annuities (RA)?
We are not a FSP, and can therefore only share our own experience with regards to these investment options. We do however have access to several experts in this field, and we will gladly share this knowledge with you, especially with regards to investing in these avenues via external on-line platforms.
- Do you assist Independent Contractors?
Yes we do. Our support ranges from assistance with planning, managing, organising & record keeping, bookkeeping and annual tax submissions (including provisional tax). Our primary function is guidance with regards to Home-Office Expenses and the management thereof for the most efficient implication for tax purposes.
- What services do you provide for Small Businesses (including those working from home)?
As a Small Businesses operator ourselves, we give guidance on accurate record keeping, which forms the basis of any successful administrative system which ensures painless tax submissions. Most small business owners, especially those who are Sole Proprietors running a small business venture from home, do not always know how to declare income and expenses to SARS. Here we provide them with examples of other small business owners’ methodology so that reflecting income and expenses for tax purposes becomes understandable and easily manageable.
- When do I not have to submit a tax return?
You will not need to submit a tax return if you received remuneration from only one employer, which did not exceed R350000, and that remuneration did not include a car allowance or a company car fringe benefit. But, even if you earn less than R350000 a year, you will need to submit a tax return if you need to claim travel expenses against a car allowance or if you have medical expenses not recovered from a medical scheme or retirement annuity contributions that you need to claim as a deduction against your income.
If your question is not reflected above, please feel free to send us an email for a personal response.