Your IT14 (company income tax) return showing income for your company in the year of assessment;
Your trial balance;
Signed financial statements;
General ledger; and
Employer reconciliation declaration (the EMP201 and EMP501 forms).
Share the experience Accounting and Tax Club.co.za
You must keep 16 of your financial records for five years in case SARS audits your business (Vat Act).
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By now you should know you have to pay Capital Gains Tax if you make a capital gain when selling a company asset.
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If your business is still thriving, congratulations! But this doesn’t mean you can rest on your laurels – which is what some business owners do.
The Department of Trade and Industry’s (DTI)... [read more]
By now you know you have to make your next provisional tax payment on 27 February 2015.
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