The responsibility of ensuring that your business’s tax returns are submitted and paid punctually can become a hefty burden due to the ever-changing tax legislations paired with the never-ending stress about being compliant with the tax laws. Afterall, the last thing you’d want for your business is to get in trouble with the authorities. Hand that responsibility to our capable hands. We as registered tax practitioners who have over a decade of experience in dealing with tax services will make certain that your taxes are submitted and paid punctually and that you will always be compliant. More so we will work to minimize your tax liabilities which will tick that last box of the list of tax worries that you would have.
Contact us today for a free consultation on your tax planning needs including salary structure for individuals and corporate tax planning for businesses.
Tax Returns
Basic
- A basic tax return for those with a basic salary only: NO medical aid, retirement, allowances or other income.
Simple
- A simple tax return for salary and/or medical aid, retirement, investments, capital gains and or donations.
Comprehensive
- A simple tax return for salary and/or medical aid, retirement, investments, capital gains and or donations. An advanced tax return for rental/foreign income earners
Submission
- Submission of Tax Returns from Financials
What is Turnover Tax And why you should know about it.
Turnover tax is a simplified process which makes it easier for micro business to fulfill their tax requirements. Instead of paying Income Tax, VAT, Provisional Tax, Capital Gains Tax and Dividends Tax , there is turnover tax for micro businesses R 1 million or less annual turnover
The turnover tax will be calculated with a tax rate of your taxable turnover. The rates are applicable for any year of assessment ending during the period of 12 months ending 28 February 2025.
2025 (1 March 2024 – 28 February 2025)
2025 (1 March 2024 – 28 February 2025) – no changes from last year
| Taxable turnover (R) | Rate of tax (R) |
| 1 – 335 000 | 0% of taxable turnover |
| 335 001 – 500 000 | 1% of taxable turnover above 335 000 |
| 500 001 – 750 000 | 1 650 + 2% of taxable turnover above 500 000 |
| 750 001 and above | 6 650 + 3% of taxable turnover above 750 000 |
- Most accountants hide the turnover tax system from their clients because it is designed by SARS to reduce accounting burden and hence reduce accounting fees to a considerably low amount as compared to what small businesses are currently paying their accountants.
In the opinion of our senior partner 90% of the businesses with less that R 1 million per annum turnover should qualify to register for Turnover tax
Contact us for a free professional consultation to determine if your business qualifies.
Not sure what your business needs?
Contact us to discuss your specific needs in order to create a personalised accounting plan for your business.
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