Vol, 1, November 2012
PERSONAL TAX DEADLINE LOOMING – 23
•
NOVEMBER 2012
Have you taken into consideration all
claimable allowances?
The deadline for manual personal tax
submissions passed on 30 September
DO YOU WANT TO TAKE YOUR BUSINESS
2012, but if you have registered to submit
your
taxes
via
e-Filing,
your
TO THE NEXT LEVEL?
tax
submissions need to be in by no later than
There
23 November 2012 (for all non provisional
businesses today which prevent them
tax payers).
from achieving the success they deserve.
While the South African Revenue Services
(SARS)
advertisements
will
have
you
believe that you can be “good at tax”, the
are
many
obstacles
that
face
You probably have a couple in mind as
you read these words which are affecting
your business right now. We can help!
fact is that you will be even better with a
The root cause of most business problems
little professional help. Our expert advice
lies in how its finances are managed. At
will help you to take advantage of possible
Ariston Financial Services we help our
tax breaks that you never knew existed.
clients manage their finances using both
SARS won’t complain if you pay more tax
tried and tested management principles,
than you should, but we are sure that you
and some outside-the-box thinking. Here
would prefer not to. We can help you with
are just some of the ways in which we can
that!
enrich your bottom line:
The following are questions you need to
•
ask yourself:
helped many clients to sort out their
tax problems. Whether its outstanding
•
Have you registered for e-Filing?
•
If you are a director or owner of a
returns, a refund that SARS won’t pay,
resolving a dispute or savings on tax
company, did you know you could
through clever tax planning, we’ve got
register as a provisional tax payer,
instead of paying PAYE?
•
Have you filed your Income Tax Return
the solution.
•
(ITR12) for 2012?
•
Tax problems? No problem – We have
Do you get a Travel Allowance? If yes,
do you have a log book?
No money? Let’s get you the money –
We help our clients raise capital for
their businesses. If you need working
capital to grow your business, or
project finance for that big tender
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you’re about to land, or simply need
While there may be nothing to these
start-up capital to get your business
claims, this does serve as a wakeup call to
off the ground, we can help you by
all taxpayers that it is important to keep
putting a business plan together and
one’s taxes up to date.
approaching the banks for you.
•
Don’t have a handle on your business?
We give you the tools to get to grips
YOU SAID VAT ??!!
with it. We do everything from simply
keeping the books up to date, to filing
The new Tax Administration Act (effective
your returns, to providing you with
1 October 2012) has caused an un-
management accounts with an analysis
intended change in practice with respect
of your business, to drafting your
to VAT. The previous allowance given to
Annual Financial Statements.
those submitting their VAT returns via eFiling to do so by the last working day of
the month has been repealed by the new
act. Until such time as SARS issues a
WAKEUP CALL FOR PROPERTY SELLERS?
notice stating otherwise, all VAT returns
Recently, Berry Everitt of Chas Everitt
have to be submitted by the 25th of the
Properties reported on the Moneyweb
month in which they are due.
website, that SARS had introduced a new
system with effect from 1 October 2012
with respect to the handling of property
CONTACT US
transfers, which would result in delays in
any property transfer “unless all parties –
Call us today about these or any other
including the estate agency – have their
pressing issues at (011) 056 4906, or e-
tax affairs in order.” He also stated that
mail us on info@aristonfs.co.za.
SARS
had the power to deduct any
outstanding taxes on the part of the seller
from the proceeds of a sale of a property,
and that, in some cases, SARS could even
stop a sale if the esate agency did not
have its taxes up to date.
Mark Kingon, GM for operations support
at SARS, when asked to respond to these
claims, said this is "a storm in the tea cup.
Yes we ask for tax numbers but we don't
stop
transactions
pending
a
person's
affairs being in order on transfer duty.”
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