ACCOUNTING □ TAXATION □ BUSINESS CONSULTING

TEL  : 083 469 6416

FAX: 086 692 4048

INFO@SKMC.CO.ZA

37 ANGIERS STREET

SAUVIGNON

BRACKENFELL, 7560

CC Registrations

CC Amendments

WCA Registrations

VAT Registrations

PAYE/UIF Registrations

Income Tax Registrations

Salary Structuring

Payroll Administration

Income Tax Return Completion

Accounting fee structure

Application for tax directive

Apply for a new bond

Increase existing bond

Electricity cost saving

Water cost saving

Multi Prof Insurance Brokers

Home loan insurance

 

USEFUL LINKS:

SARS Main Website

SARS E-Filing

CIPRO

Acts Online

Fleet Street Publications

SAIPA

PERSONAL SHORT-TERM INSURANCE

For all your personal short-term insurance needs, visit Multi-Prof Insurance Brokers

NEED EXPOSURE?

To advertise here, please contact us by e-mail: info@skmc.co.za

NEWS & IMPORTANT NOTICES

1. 2008/9 Budget Tax Proposals

2. 2009 Income Tax Returns

3. Salary Structuring & Payroll Administration

4. Annual Returns for Close Corporations

5. UIF Deductions

2.  2009 Filing Season

The deadline to submit your 2009 Income tax return via e-Filing is 20 November 2009.  Make sure you submit your return in time to avoid penalties!

SARS required that all persons completing and submitting any SARS forms, or rendering tax advice for reward, register as a Tax Practitioner.  The main reason behind this is to reduce mistakes on forms to the minimum to enable SARS to process the relevant returns in the shortest possible time.  Individuals can still complete and submit their own forms should they choose to, but SARS prefer them making use of a Tax Practitioner.  Should you need assistance with completing your tax return, you can contact SARS on 0860 12 12 18.

SARS will not be mailing any Tax Returns for the 2008 tax season.  Returns can be submitted on e-Filing, or you can request a manual return from SARS should you require one.

SKMC is a registered Tax Practitioner with SARS (Reg. No: PR-8C5F683).  To be directed to our Income Tax Return Completion page, CLICK HERE.

CLICK HERE for a detailed fee structure for completion and submission of Income Tax Returns for 2008.

3.  Salary Structuring

The new year usually means salary adjustments to employees.  Make sure that you meet all the legal requirements for salary structuring to avoid possible penalties for tax evasion!

Make sure that you address (at least) the following items in your employment contracts to avoid any legal action against you.

1. You must describe the salary structure in full.  Mention the basic salary, allowances, fringe benefits, commission structures and criteria for annual bonus.  Put a monetary value to each if at all possible.

2. You must mention the rates at which the employer/employee will contribute to the various benefit funds (such as medical aid, provident and pension funds).

3. If an employee requires special tools, who will provide and pay for them.

CLICK HERE to be directed to our Salary Structuring Page.

CLICK HERE if you require Payroll Services.

5.  UIF Deductions

The maximum UIF Amount for employees to contribute to the UIF is R 12 478 per month from 1 October 2008. This means that the maximum amount of UIF that is deductible from an employee is R 124.78 per month - bringing the max. UIF payable per employee to R 249.56 (1% by the employee, and 1% by the employer).