Small business corporation tax rates and worked examples
A practical guide to small business corporation tax: small business corporation tax rates and worked examples. Check the evidence, exceptions and next steps.
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UIF employer duties(18)VAT registration(17)Employer reconciliations(14)Beneficial ownership(13)CIPC annual returns(12)COIDA and compensation(12)Small business corporation tax(10)Tax clearance and compliance(10)VAT invoices(10)VAT refunds(10)VAT returns(10)Provisional tax(8)
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Showing 97–128 of 211 articles
Investment income limits for SBC qualification
Check how investment income and personal service income affect SBC qualification, including the combined limit and statutory exceptions.
Preparing a VAT refund reconciliation pack
Build a VAT refund evidence pack that reconciles the VAT201, sales, purchases, bank records and adjustments to the documents SARS requested.
SBC tax and ordinary company tax
Compare small business corporation tax with ordinary company tax, checking qualification conditions, the assessment year and worked calculations.
Annual returns versus annual financial statements
A practical guide to cipc annual returns: annual returns versus annual financial statements. Check the evidence, exceptions and next steps.
Full tax invoices versus abridged tax invoices
A practical guide to vat invoices: full tax invoices versus abridged tax invoices. Check the evidence, exceptions and next steps.
Calculating a second provisional tax payment
A practical guide to provisional tax: calculating a second provisional tax payment. Check the evidence, exceptions and next steps.
SBC tax qualification and other shareholdings
Check the SBC shareholding restriction, permitted exceptions and the ownership evidence needed when a shareholder has interests in other companies.
Provisional tax after starting freelance work
Check whether freelance income makes you a provisional taxpayer, prepare income estimates and reconcile tax already paid for the relevant year.
VAT registration documents for a private company
A practical guide to vat registration: vAT registration documents for a private company. Check the evidence, exceptions and next steps.
Applying SBC rates in a first short financial year
Check SBC qualification and assessment-year rules for a short first financial period, with a worked calculation and proportionate turnover test.
Completing a VAT201 return step by step
A practical guide to vat returns: completing a VAT201 return step by step. Check the evidence, exceptions and next steps.
Preparing for a SARS VAT registration verification
Prepare the business, identity, bank and taxable-activity evidence SARS may request during VAT registration verification.
Checking a SARS auto assessment before accepting it
Compare a SARS auto-assessment with your tax certificates, check omitted income and deductions, and understand when a corrected return is needed.
Catching up several years of outstanding annual returns
Identify outstanding CIPC annual returns, reconcile historical turnover and filing records, and check the company’s current registration status.
Why the bank balance differs from the accounting balance
A practical guide to bank reconciliation: why the bank balance differs from the accounting balance. Check the evidence, exceptions and next steps.
Reconciling UIF payments to declarations
Match UIF payments to payroll contributions and employee declarations, investigate differences and retain evidence of the correct allocation.
What annual financial statements contain
A practical guide to annual financial statements: what annual financial statements contain. Check the evidence, exceptions and next steps.
Allocating an employer payment across PAYE SDL and UIF
A practical guide to employer reconciliations: allocating an employer payment across PAYE SDL and UIF. Check the evidence, exceptions and next steps.
Finding proof of your own VAT registration
Retrieve your SARS VAT Notice of Registration, check the effective date and registered details, and distinguish official proof from a pending application.
Beneficial ownership when shares are held by a trust
A practical guide to beneficial ownership: beneficial ownership when shares are held by a trust. Check the evidence, exceptions and next steps.
COIDA registration documents for South African employers
A practical guide to coida and compensation: documents needed for COIDA registration. Check the evidence, exceptions and next steps.
Medical tax credits for main members and dependants
Check medical scheme tax credits by assessment year, reconcile dependant months and distinguish Section 6A credits from additional medical relief.
Recording bank charges and interest accurately
A practical guide to bank reconciliation: recording bank charges and interest accurately. Check the evidence, exceptions and next steps.
Personal service businesses and the SBC rules
A practical guide to small business corporation tax: personal service businesses and the SBC rules. Check the evidence, exceptions and next steps.
Paying a Compensation Fund assessment with the right reference
Check the payment reference, assessment details and allocation evidence when paying a Compensation Fund assessment, and retain proof of settlement.
Provisional tax underestimation penalties
Understand provisional tax underestimation tests, distinguish penalty rules from interest and check the estimates and evidence behind a calculation.
Deregistration versus liquidation for a small business
Compare company deregistration with liquidation, check solvency and outstanding obligations, and identify the evidence needed before closing a business.
Restoring compliance after outstanding returns
A practical guide to tax clearance and compliance: restoring compliance after outstanding returns. Check the evidence, exceptions and next steps.
When a receipt is not enough for an input VAT claim
Understand when a receipt lacks the evidence needed for an input VAT claim, and check invoice requirements, value thresholds and exclusions.
Finding the natural person behind a corporate shareholder
A practical guide to beneficial ownership: finding the natural person behind a corporate shareholder. Check the evidence, exceptions and next steps.
IRP5 versus IT3(a) certificates
Understand the difference between IRP5 and IT3(a) employee tax certificates, including PAYE treatment, supporting records and employer reconciliation.