On Q Accounting and Tax Services

⏰ 2025 SARS Deadline: 28 February 2026

All companies with a financial year ending 28 February 2025 must submit their Annual Financial Statements and Business Income Tax Returns to SARS on or before 28 February 2026.

📌 Don’t miss the deadline.

Missing the deadline may lead to:
❌ Penalties and interest
❌ Compliance risks
❌ Delayed tax clearance
❌ Disqualification from tenders

✔️ Professional
✔️ Reliable
✔️ SARS-compliant

💼 Let On Q Accounting and Tax Services take the pressure off you.

We’ll ensure your submissions are accurate, compliant, and on time.

📞 Contact us today to secure your spot before the rush.

👉 WhatsApp / Call / Message us now

On Q Accounting and Tax Services

South Africa’s parental-leave rules have just changed and it affects every employer.

From shared entitlements to updated UIF and payroll obligations, our latest blog breaks down what you need to know to stay compliant and support your employees.

Read the full post here 👉 https://www.onqacc.co.za/parental-leave-in-south-africa-has-changed-what-employers-need-to-know/

Earning below the tax threshold? 💰

You might think you don’t need to file — but SARS says otherwise.
Even if your income falls below the limit, filing a return each year is essential to stay compliant, keep your records clear, and avoid penalties.

Here’s why every sole proprietor needs to file, no matter the income.

📖 Read more: https://www.onqacc.co.za/why-sole-proprietors-must-file-their-tax-returns-even-if-they-earn-below-the-threshold/

Getting your business registered for VAT or PAYE? 🧾

SARS has introduced biometric verification for all new registrations — meaning business owners must now verify their identity in person or online before approval.

It’s all part of SARS’s move to tighten security and reduce fraud, but it also means longer processing times if you’re not prepared.
Here’s what you need to know before registering.

📖 Read more: https://www.onqacc.co.za/sarss-new-biometric-verification-what-businesses-should-know-when-registering-for-vat-or-paye/

Buying coffee for the office or taking a client out to lunch? ☕🍽️

It may feel like a business cost, but VAT rules say otherwise. Not all expenses qualify for VAT recovery, even when they’re work-related.

From staff perks to client entertainment, here’s why SARS doesn’t let you claim VAT back on certain everyday expenses.

📖 Read more: https://www.onqacc.co.za/why-you-cant-claim-vat-on-client-meals-staff-coffee-and-other-common-expenses/

Thinking of setting up a trust in South Africa? 🏦

With SARS rules tightening, it’s easy to wonder: are trusts still worth it?
The answer is yes, if you know how they’re taxed and use them wisely.

From the conduit principle to smart donations, trusts remain a powerful tool for asset protection, estate planning, and legacy building.

📖 Read more about how trusts are taxed and why they still matter: https://www.onqacc.co.za/trusts-in-south-africa-how-they-are-taxed-and-why-they-still-matter/

📊 Think budgeting is just about cutting costs? Think again.
In our latest blog, we explore how a solid budget acts as a compass—guiding businesses toward sustainable growth and helping individuals build lasting wealth. From knowing your break-even point to avoiding hidden cash flow traps, budgeting is the foundation of true financial control.
Read the full post here 👉

https://www.onqacc.co.za/the-power-of-budgeting-a-compass-for-business-success-and-personal-wealth/

Are you a company director wondering if you should pay yourself a salary?

In our latest blog, we explain why paying yourself a regular salary isn’t just compliance butit’s smart financial planning.
Read the full post here 👉 https://www.onqacc.co.za/why-directors-should-pay-themselves-a-salary/

Are you a director wondering whether to pay yourself a salary, dividends, or commission? Each option has different tax effects, and the best choice often comes from combining them wisely.
In this blog, we explain:

✔️ How each option is taxed
✔️ Pros and cons of salary, dividends, and commission
✔️ Why a blended approach often works best

Read the full post here: 🔗
https://www.onqacc.co.za/director-pay-in-south-africa-salary-dividends-or-commission/

Thinking of buying a house in South Africa? The ownership structure you choose for the company, trust, or personal name, can have a big impact on your tax obligations, asset protection, and future flexibility. Make the wrong choice, and it could cost you in the long run.

📌 Learn:
✔️ Pros and cons of buying through a company
✔️ Benefits and drawbacks of a trust
✔️ When personal ownership makes sense
✔️ Tax and legal considerations for each option
✔️ Key factors to help you decide
📖 Read the full blog post on our website:

🔗 https://www.onqacc.co.za/should-i-buy-a-house-in-my-company-in-a-trust-or-in-my-personal-name/