Fill in your details below and one of our friendly consultants will call you back as soon as possible.
  • This field is for validation purposes and should be left unchanged.

Follow us on Twitter

  • RT  @TyronneNel : #SME Advice - Dear entrepreneur do you know how much it costs you to keep your business operational? Do you have 3 x this… 10 hours ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur don’t feel guilty about taking holidays! An entrepreneur who’s well rested, is better plac… 2 days ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, it’s a 4 day week for your staff, so lets try get the most out of them 😉 4 days ago
  • RT  @Ventureburn : Sun Exchange looking to raise $3m in round led by US digital asset investment fund Alphabit ( @TheSunExchange   @alphabitltd )… 4 days ago
  • RT  @CatherineHYoung : The power of focus, consistency and desire. We all have that one thing in business/life we want to do/change/exponenti… 5 days ago
  • RT  @TyronneNel :  @CatherineHYoung  Our #realtime #analytics #dashboard can help with post-loan management 😉 https://t.co/x3eWTfuWvo 7 days ago
  •  @MuloiwaThendo  You’re assuming there is no security? Get in touch, learn & earn. 1 week ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, even thou you might not see immediate progress from your efforts, keep pushing, your break… 1 week ago
  • RT  @SME_SnapShot :  @KirstyBisset  What the majority of people don’t realise is: #Entrepreneurship is a vocation and not a job! Create an en… 2 weeks ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, don’t believe the lies. If entrepreneurship was easy, everyone would be doing it! Giving… 2 weeks ago
  •  @smesserschmidt   @TheLaunchLab   @StellenboschUni   @_AnitaNel   @bpaschal49   @Joubertdw   @innovus  Can our #online… https://t.co/zWf5IsmhI7 2 weeks ago
  •  @Kubaservices   @Seda_dsbd  All you need now is an #online #analytics #dashboard, to measure your success and that of… https://t.co/VNmpPI4kii 2 weeks ago
  • RT  @SiMODiSA_SA : SiMODiSA and  @i2ifacility  invite you to the launch of DataHack for Financial Inclusion, at  @Workshop17za  Sandton tomorrow.… 2 weeks ago
  • Looking for a toehold in another country? Put off by the exhorbitant costs and low returns? Visit… https://t.co/w4OEnVGOAs 2 weeks ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, the only time success comes before work is in the dictionary! So roll up your sleeves and… 2 weeks ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, there is no such thing as successful “multitasking” - it’s just an excuse for looking busy… 2 weeks ago
  • #PAYE Reminder - Your PAYE is due TODAY!! Although PAYE is due on the 7th - If the 7th falls over a weekend, then… https://t.co/NakMvMX5VD 2 weeks ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, procrastination is killing your business! Every day that you put off meeting a promise ma… 2 weeks ago
  • RT  @TyronneNel : #SME Advice - Dear entrepreneur, running a business is difficult enough without alienating your staff and clients with poor… 2 weeks ago
  • #SME Reminder - Your PAYE is due this Friday!! Don't forget that although your PAYE is due on the 7th of each mont… https://t.co/dnEh39VVJZ 3 weeks ago

Subscribe to our mailing list

* indicates required
 In Uncategorised

The 2018 tax filing season opened on 1 July 2018 and will close almost a month earlier on 31 October 2018 (for e-Filing clients).

As quick as you can, get the following information to your tax practitioner as they do require it when completing your income tax return!

 

📄 Salary, pension and annuities  – IRP 5 certificates or IT 3(a) certificates

📄Interest received or accrued (local and/or foreign) – IT3(b) certificates

📄Travel Logbook – Please note that from 2010 you may not claim your mileage if you did not keep a logbook.

📄Other South African income – Rental income, business/freelance income (if IRP5 or IT3 (a) not issued by employer) etc. If married in community of property, the rental- and investment income of your spouse must also be provided, as well as the foreign taxes (if any) paid by your spouse. If the source of this income was as a result of an inheritance specifically excluded from the joint estate, you do not have to provide this information in respect of your spouse.

📄Dividends – Details of local dividends (even though it is tax-free) and foreign dividends received or accrued.

📄Lump sums – Certificates reflecting lump sums received as a result of retirement from a pension fund and/or retirement annuity fund.

📄Capital Gains Tax (“CGT”) – CGT became effective from 1 October 2001 and you are requested to provide the market value as at 1 October 2001, as well as selling price and date of sale of any item that qualifies for CGT, e.g. property which is not your primary residence, shares, bonds, Kruger Rands etc. 

📄Expenses incurred in the production of income – Proof of all expenses incurred in the production of commission-, rental-, business-, and/or freelance income.

📄Medical expenses – Proof of medical subscriptions (if any) and expenses not recovered from a medical aid. (Note that non-prescribed medicine does not qualify). Proof of all expenses incurred as a result of permanent physical or mental disability, which could not be claimed from a medical aid.

📄Home office – No expenses in respect of an office at home may be claimed, unless a business is run from home.

📄Contributions to Retirement Annuity Funds (“RAFs”) – Certificates reflecting contributions to RAFs.

📄Donation – Certificates/receipts reflecting donations (if any), these certificates must be issued in terms of section 18A of the Income Tax Act No. 58 of 1962.

📄Retired individuals – If you retired during the tax year, please provide Forms A and D which can be obtained from your employer/pension fund.

📄Bank details – Details of your bank account, i.e. name of institution, branch code, account number and type of account.

 


Our Services:

At Phezulu VBO we do more than keep you up to date with the tax man.
We are your “one stop SME shop”, assisting with everything from Accounting, Business Management, BEE, Consulting, Company Registration to Payroll and Mentoring.

For more information, please visit our website or give us a call on 010 003 8558

Recent Posts

Leave a Comment

Start typing and press Enter to search