Africa Melane spoke to the director at Aretè Tax Experts and Accountants Daniël Le Roux about how SMEs can put together for this year’s SARS filing season.
Tax period is upon us and if you run a tiny small business – you have an obligation to pay back taxes to the South African Earnings Assistance (SARS).
This arrives with different implications.
Africa Melane spoke to the director at Aretè Tax Professionals and Accountants, Daniël Le Roux about how Modest and Medium Enterprises can get ready for this year’s SARS submitting year.
No matter if your company has five or 500 staff, as an employer you have to sign-up for Shell out As You Generate tax inside 21 days of starting to be an employer.
If the remuneration you fork out is above R500,000 over a year, you will also have to register for the Skills Improvement Levy – which has to be paid out to the profits collector.
In spite of the sizing of your small business, you will have to crank out IRP5 certificates for all workers – which can be built a lot easier by running a payroll software program according to Le Roux.
Payroll taxes can turn into extremely intricate, and you have to remain up-to-date with the steady changes going on and this software will go over a large chunk of these alterations.
Daniël Le Roux, director at Aretè Tax Experts and Accountants
To come across out extra, listen to the total audio below.
Far more from Small business
Resource website link