Taxation Services | Taxation Services Gauteng

You Have Access To Professional Taxation Services Today

What with all the tax legislation and red tape, no individual or business can afford to go without professional taxation services anymore. However, do not enlist just anybody’s help. Always ensure that the tax service company you approach is registered as a Tax Practitioner with the South African Revenue Service and possessed of a body of knowledge that will keep your business on the right track.

Death and taxes are part of life, so you might as well hire a professional company to render taxation services that keep you within the requirements of the law. Private individuals’ tax year runs from 1 March to 28 February; this may differ in the case of some companies. Tax returns have to be filed annually, based on the money you had earned. If you have a company that earns in excess of R300,000 per year, you are also required to register for VAT; you can voluntarily register for VAT if you earn more than R22,000 per month.

The SDL (Skills Development Levy) threshold is currently set at R500,000 per year. SDL is a compulsory levy scheme introduced by Government and payable by companies to raise money for education and training. Pay As You Earn (PAYE) is an employee tax and it is compulsory for any organisation that pays remuneration; however, it is only applicable to employees that earn more than R46,000 per year. UIF (Unemployment Insurance Fund) is intended for companies where there are any employees earning a salary; it financially assists the employee temporarily after having been retrenched.

We have only touched the surface of the various types of taxes, so perhaps it is time to enlist Shamu Bookkeeping Services today as your taxation services company of choice. We will help your company to run your taxes responsibly and within the requirements of the law. Contact us today.