Secure Finance Accounting Services

Small businesses only need to register for VAT once their annual turnover exceeds R2.3 million.

This means:
🔸Less paperwork and administration for your business
🔸Lower cost of tax compliance
🔸More room to grow your business

More info: https://bit.ly/42tqq32

Meet the deadline. Avoid penalties.

Employers, submit your accurate EMP501 declarations by 31 May 2026 using e@syFile™ or eFiling . Your accuracy and timeliness ensure correct employee tax assessments. https://bit.ly/4dzrWqu

Media Release: SARS Refutes False Claims of a Data Breach

SARS is aware of social media posts and online reports claiming that its systems have been breached. SARS continuously monitors its systems for any suspicious activity and has conducted a thorough investigation in response to these reports. These claims are false and unsubstantiated...https://bit.ly/3RqGFeR

VAT: Who Must Register?

Register if annual sales exceed R2.3m. Voluntary registration if sales are above R120k.

• Charge VAT on sales
• Sell taxable goods/services
• Ongoing business, not once-off

Registering for VAT can improve cash flow as you can claim back VAT on certain business expenses, enhance business credibility, and support long term growth.

https://www.sars.gov.za/faq/what-is-vat-and-who-needs-to-register/

Phillicity Williams