SARS Tax: The Short and Sweet
Like the saying goes, the only things certain in life are death and taxes. As harsh it may sound, it is unfortunately true. And if you don’t adhere to the rules and tax requirements set out by SARS, the consequences are just as harsh and involve heavy penalties, legal action and even imprisonment.
For that reason, the importance of staying in SARS’ good books cannot be over-emphasised. So if you have any doubts regarding your tax requirements, rather seek advice and assistance from a professional tax services company.
Everybody needs SARS tax services
Almost everyone, whether you are an individual or business owner, faces SARS tax obligations. If you receive an income from an employer, you need to be registered for Income Tax. If you are business (employer) paying employee’s salaries, you need to be registered for PAYE. Above and beyond income tax requirements, businesses have VAT obligations to adhere to as well.
Although most of the big and some small to medium sized businesses have in-house financial departments that manage the organisation’s tax obligations, there is a multitude of businesses that can’t afford to hire a professional bookkeeper full time.
It might be because the demand of work doesn’t suffice hiring someone on a full-time basis and secondly it will be too costly. These organisations outsource their tax obligations to a professional tax service provider.
If you are self-employed or employed by an employer it is critical to make sure you are registered for tax and pay your taxes accordingly.
An affordable SARS tax services solution
The most cost-effective solution for businesses that cannot afford a full-time bookkeeper or run a full scale financial department is to outsource SARS tax requirements to a professional tax services consultancy or bookkeeper.
These businesses provide a full range of tax services from registration, receiving and completing forms to submitting tax returns on time, amongst other things. They will also be able to inform you on the different types of tax, tax brackets and VAT regulations.
So if you require professional assistance pertaining to personal income tax, business tax, VAT or any other SARS related queries, contact a professional tax services consultancy or bookkeeper. This way you can rest assure that your tax obligations are done correctly, according to the South African Revenue Service (SARS) standards and requirements.
Forget about sleepless nights over your tax and VAT duties. Outsource these services to a professional. This way you save money and have a good night’s rest knowing your financials are up to date, correct and timely.
Tax Relax is a registered SARS tax advisory practitioner and takes pride in managing your individual or company tax requirements. There is no need to stress about your tax requirements any longer.
Consult Tax Relax for a complete, professional tax service.