CORPORATE INCOME TAX RETURNS

Compliant and Non-Compliant Companies
Tax compliance can be a tough topic to tackle as a business. Whether you are a director or sole proprietor, knowing and ensuring your company is tax compliant is paramount, and cannot be ignored.

The South African Revenue Service (SARS) implemented their new approach to use information supplied by the Companies and Intellectual Property Commission (CIPC) to determine which companies are not tax compliant and impose penalties accordingly.

Where you have ever setup a company or been a director, and you are unsure whether the company is tax compliant, we can get the status checked with our bespoke Tax Diagnostic process. This will provide you with a complete update and visibility of your situation.

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Should you have a company that is non-compliant, we can rectify anything outstanding, before the penalty is imposed. However, if your company is compliant, we offer a holistic service that aims to give you peace of mind when it comes to every tax matter.

Our skill set allows us to provide full accounting sign-off, with tax attorneys who know how to fix tax issues proactively, without causing you to be placed automatically on the SARS audit list.

The Tax Consulting SA team boasts over 100 full time professionals including tax attorneys (thus we offer legal privileged services, not obtainable with normal accountants or tax specialists), chartered accountants, professional accountants (CIPC registered) and Master Tax Practitioners.

Now is the time to ensure that your company becomes or stays tax compliant before SARS comes knocking.

NB: All companies that are registered with CIPC but have not yet started trading are also liable to submit income tax returns (as a zero return).

Kindly note that our offices are closed between 25 December 2024 and 1 January 2025 and as such there will be a delay in our normal expeditious response times. Our teams are taking a short festive season break and will address your query upon their return on Thursday, 2 January 2025.