AccountsEtc

It is that time again 🗂️

The Employer Annual Reconciliation Declaration (EMP501) submission period is open until 31 May 2023. Employers must submit their annual reconciliation declarations for the tax year that started on 1 March 2022 and ended on 28 February 2023, using e@syFile™ or SARS eFiling.

Happy Spring day! It is time for Spring cleaning and getting your house in order. Your business and books are no different.
Do you need help with:
Bookkeeping
Management Accounts
Bank reconciliations
VAT reconciliations and e-Filing submissions
Invoicing, statements, and reconciliation of your accounts receivable
Supplier control and payment reconciliation
Salaries and Wages
PAYE and UIF (e-Filing and u-Filing)
PAYE reconciliation (EMP501 submissions)
and more?
I can assist. Give me a call.

New scam

New Scam Alert!

SARS has received reports about phishing attempts that indicate tax payments should be made to blockchain wallets. This is a scam. Please remain vigilant and do not click on any links.

More information: https://bit.ly/3yYKqNd

Manage your PAYE accounts

Employers must submit outstanding monthly declarations (EMP201’s) and settle all due payments before submitting their EMP501 for 2022.

For more information, visit www.sars.gov.za

It is important to stay compliant. Remember to file your return of earnings 📂

Dear Employers
The portal for submitting the Return of Earnings is now opened for filling 2021 returns. Kindly note that the deadline for submitting the 2021 Return of Earnings is 31 May 2022

It is that time of the year again. Filing season opens tomorrow 1 April, and this is no April fool’s joke 😊.

Penalties for Non-Compliance

An employer who files its EMP501 late will be penalised under the provisions of paragraph 14(6) of the Fourth Schedule to the Income Tax Act. The penalty will equal 1% of the year’s PAYE, for each month that the return is late, up to 10% of the year’s PAYE.

Criminal charges for failure to submit a return

Any employer who wilfully or negligently fails to submit a return to SARS is guilty of an offence and is liable, upon conviction, to a fine or to imprisonment for a period of up to two years. This applies to EMP201’s as well as EMP501’s.

Remember to file your return. We can help. 🌼

Take note 🌼

PAYE Annual Reconciliation 2022 starts 1 April | South African Revenue Service 30 March 2022 – Annual Reconciliation Declaration (EMP501) submission period opens on 1 April and closes on 31 May. Employers are required to submit their annual reconciliation declarations covering the full tax year from 1 March 2021 to 28 February 2022. For more detail on this year’s enhanceme...

Happy Monday everyone!

From our family to yours. Enjoy, stay safe and may God bless you abundantly.

How you end 2021 will have a significant impact on how you start 2022. Be prepared.

If it’s your goal to grow a thriving business, it’s vital to have a safe pair of hands handling the accounts. Inaccurate bookkeeping can harm your business.

Employers need to submit a monthly UIF declaration to the Department of Labour. This document contains information relating to UIF contributions (employer and employee) in respect of each employee, as well as their employment status and non-contribution reason, if applicable. Employees can only receive UIF benefits if they have made contributions to the Fund.

Remember to file your return.

AccountsEtc provides a full bookkeeping solution, payroll services, and systems design for small and medium-sized businesses, thus allowing business owners to save money on in-house accounting, and ensuring that their companies are in compliance with SARS.

We deliver quality, accurate, and up-to-date accounting information to enable business owners to make better business decisions. Allow us to take care of your numbers, while you take care of your business.

Good morning! Remember that your VAT payment is due today if you pay using a VAT reference. If you submit and pay via eFiling, you need to submit and pay on Friday, 29 October.

Home - Bookkeeping Services Bookkeeping | Payroll | IT Take control of your business – with the help of up to date bookkeeping Book Consultation My passion is to help individuals and companies build the business of their dreams by providing a professional service and taking the worry out of the day to day capturing of info B...

AccountsEtc Services:

All Bookkeeping / Accounting
Accounts Payable / Receivable
Salaries and Wages
VAT
PAYE / UIF eFiling submissions
e@syFile PAYE Reconciliations
Workman's Compensation ROE
Monthly Financial Statements
Database Design (MS Access)
Web Design

Crypto Assets & Tax | South African Revenue Service What is it? A crypto asset is a digital representation of value that is not issued by a central bank, but is traded, transferred and stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility, and applies cryptography techniques in the underl...

Company director ordered to pay back the money to SARS | South African Revenue Service The director of a company found guilty of submitting nil VAT returns while the business was actively trading, has been ordered by the Bloemfontein Regional Court to pay the South African Revenue Service (SARS) an amount of R400 853.

Another shock for South Africans who need retirement funds to emigrate It's getting even more complex and expensive.

PODCAST | How Sars plans to improve its collection capabilities Evan Pickworth interviews Peter Dachs, tax executive at ENSafrica