Small Business Tax Services
We’re experienced in small business tax services and efficient tax planning. Our passion is helping entrepreneurs to understand tax and become tax compliant.
- What is Provisional Tax?
- How to request your Tax Comliance/Certificate from SARS
- What is Tax Planning?
- Do you qualify as a Small Business Corporation?
- What are the tax benefits of a Small Business Corporation?
Provisional tax is not a new nor an additional tax imposed on a taxpayer.
Rather, it is an advanced payment towards your income tax liability, with these advanced payments serving as tax credits to offset your final calculated income tax liability on assessment.
Rather, it is an advanced payment towards your income tax liability, with these advanced payments serving as tax credits to offset your final calculated income tax liability on assessment.
· Via e-filing
· Selecting the Tax Compliance Status Request option and the type of TCS for which you would like to apply
· Complete the Tax Compliance Status Request and submit it to SARS
· A unique PIN will be issued for each request that you make
· Contact us for assistance
· Selecting the Tax Compliance Status Request option and the type of TCS for which you would like to apply
· Complete the Tax Compliance Status Request and submit it to SARS
· A unique PIN will be issued for each request that you make
· Contact us for assistance
Tax planning is considering the tax consequences of every transaction or investment you make. It is a continuing process and the help of a knowledgeable tax advisor is highly recommended.
• All shareholders or members are natural persons.
• All shareholders hold no shares in any other private company.
• All members hold no members’ interest in any other Close Corporation.
• Gross income for the year of assessment does not exceed R20 million
• Not more than 20% of the gross income and all the capital gains consist collectively of investment income and income rendering a personal service
• Contact us for assistance
• All shareholders hold no shares in any other private company.
• All members hold no members’ interest in any other Close Corporation.
• Gross income for the year of assessment does not exceed R20 million
• Not more than 20% of the gross income and all the capital gains consist collectively of investment income and income rendering a personal service
• Contact us for assistance
• SBCs are not taxed at the same rate as with normal corporates but are taxed at progressive tax rates based on various income bands
• SBC’s qualify for a 100% wear-and-tear of all plant or machinery brought into use for the first time by the entity for purpose of its trade (other than mining or farming) and used by the entity directly in a process of manufacture or similar process in the year of assessment is allowed.
• The SBC can elect to claim depreciation on its depreciable assets (other than manufacturing assets) at write-off rate of 50:30:20 percent over a 3-year period.
• SBC’s qualify for a 100% wear-and-tear of all plant or machinery brought into use for the first time by the entity for purpose of its trade (other than mining or farming) and used by the entity directly in a process of manufacture or similar process in the year of assessment is allowed.
• The SBC can elect to claim depreciation on its depreciable assets (other than manufacturing assets) at write-off rate of 50:30:20 percent over a 3-year period.
