Are you aware of all the different registrations that your business enterprise needs to go through before you can legally operate as a company in South Africa? This can be a daunting task for any organisation to go through especially small to medium businesses that just don’t have the staff or the know how to make sure all these registrations are taken care of.
As part of the professional tax services on offer from companies that provide accounting outsourcing solution you can get these registrations taken care of efficiently and conveniently.
The first registration that needs to be taken care of by your professional tax services outsourcing company is the registration of your business. You can opt to register as a company or close corporation. Next you will need your VAT registration taken care of. Without a VAT registration you will not be able to deal with suppliers or consumers in whatever industry you are in. After this you need to register with SARS for a tax certificate and you will need to submit an annual tax report and return.
In addition you will need to register with the different government agencies regarding salaries for you and your employees. You and your employees will need to be registered with SARS for income tax.
You will also need to register with SARS for your SDL or Skills Development Levy that forms part of the legal requirements for any company operating in South Africa. PAYE (Pay As You Earn) requires you to register as a company or close corporation as well as registering all your employees. UIF (Unemployment Insurance Fund) registration is compulsory for any person in your employ who earns above R 46 000 per annum.
To get all of these and other various registrations taken care of for you by companies offering professional tax services, please contact us.