There are two instances where a company can register for VAT. There is a voluntary registration which applies if a business’ turnover is R50 000 or more. There is also a compulsory registration, which applies if a business’ turnover is R1 million or more in the last 12 proceeding months.
We have handled quite a number of VAT registrations and have a good success rate when it comes to dealing with SARS in this regard. We know the SARS process to get registered is quite strict. For this reason, we have to go through a thorough process to ensure that all your documents are in order before taking your application to SARS.
Smart Tax Planning for Small Businesses: Managing VAT and Staying Prepared Year-Round Running a small business comes with its fair share of responsibilities, and one of the biggest challenges is
Introduction: Paying taxes can be a complicated process, and even the most diligent taxpayers can make mistakes. Unfortunately, errors on your tax return can result in penalties, delays, audits or
What SARB’s 25bps Interest Rate Cut Means for South African Consumers In a significant move, the South African Reserve Bank (SARB) has cut the repo rate by 25 basis
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