Yahoo Web Search

Search results

  1. 5 days ago · What’s new in the IT14 tax return process for 2024? The principles for allowable and non-allowable income and expenses did not change during the year. The deadline for the IT14 submissions is within 12 months after your year-end. The portal at SARS opened and it can be submitted now for the 2024 financial year that ended 29 February 2024.

  2. 4 days ago · A financial year, also known as a fiscal year, is a 12-month accounting period that a business uses for financial and tax reporting. The fiscal year is sometimes chosen by the company to coincide with its planning, budgeting and revenue cycles. Financial year planning is not just important for large corporations but also for small businesses.

  3. 4 days ago · In addition to annual returns, every company (excluding Body Corporates, Share Block Companies and Public Benefit Companies) is required to submit provisional tax returns (IRP6). The first of these returns is required to be submitted six months from the start of the year, and the second at year end, and must both contain an estimate of the ...

  4. 4 days ago · One of the incentives for SBCs is a reduced corporate tax rate. Click here to see reduced tax rates for small businesses. Last Updated: 16 September 2024 – The Employer Interim reconciliation opens 16 September 2024 to 31 October 2024 for the 2025 Employer Filing Season.

  5. 4 days ago · IRPS (Income Tax Return for Pension Funds): Employers may need to submit additional forms, such as IRPS, if they operate pension funds. The EMP501 is a vital part of South African tax compliance. By understanding its purpose, components, and submission requirements, employers can ensure accurate reporting and avoid penalties.

  6. Aug 23, 2024 · Depending on how you submit your ITR12T to SARS, be sure you know the due date. Income tax returns for Trusts must be submitted in accordance with the dates outlined in the annual Public Notice. These dates for the 2024 year of assessment are from 16 September 2024 to 20 January 2025.

  7. 1 day ago · There is a major change coming that will fundamentally change the way value-added tax (VAT) is reported and collected in South Africa.