Atom Consulting CC
Accounting, Taxation and Business Services
  • About Us
  • Services
  • Xero
  • Links and Networks
  • Contact Us
  • Downloads
  • News

SARS - Tax season

23/7/2012

 
Picture
Yes it is tax season again. We have noted that SARS appears to be misleading tax payers again into believing that doing your own tax returns  is EASY. While SARS does a pretty good job at making it easy to submit a tax return. Submitting a correctly completed tax return is entirely different. We have a number of clients approach us after filing their own return and receiving an adverse assessment or an audit / tax query. Consider the following before you press that submit button, you are affirming that everything on your return is correct and in the correct place on the return. If not SARS can penalise you heavily if they deem you to have intentionally misrepresented the facts. If the assessment received from SARS is adverse, SARS still has the PAY NOW ARGUE LATER policy. Trust me we have seen some horrific things when SARS gets it wrong and still gets the money via an IT88. Using a qualified tax consultant is worth it, SARS has not reduced the size of the Income Tax Act, in fact they have added a new act to this in the form of  the Tax Administration Bill (TAB).     
Please note that tax returns are due as follows: 
  • Manual Tax returns 28 Sept 2012
  • Electronic Tax returns for Non Provisional Tax Payers 23 November 2012
  • Provisional Tax Payers 31 January 2013. 
Please note our clients are requested to furnish us with all their documents and information by 1 October 2012 to ensure that your return is filed on time. If your information reaches us after 1 October 2012 we can not ensure that your return will be calculated and submitted before the deadline. The sooner you get it to us the sooner you can sleep better at night.


Comments are closed.

    Author

    Sean Fleischack - CEO Atom Consulting CC

    Archives

    February 2014
    October 2013
    September 2013
    June 2013
    July 2012

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.