Tag: bookkeeping

As the 2024 tax filing season approaches, it is crucial to be aware of the key dates and necessary preparations to ensure a smooth and efficient process. At Professional Accountants and Tax Consultants (PATC), we are committed to helping you navigate the complexities of tax filing. Key Filing Dates for 2024: For individual taxpayers (non-provisional),…

In the ever-evolving landscape of South African tax law, keeping up with regulatory updates is vital for nonprofit organisations, particularly those operating under Section 18A. As the annual deadline for submitting IT3(d) certificates approaches, it’s crucial to understand the significance of these requirements and their implications for compliance. IT3(d) Reporting: A Necessary Evolution The requirement…

As of December 11, 2023, South African businesses must include Beneficial Ownership information in annual returns filings with the Companies and Intellectual Property Commission (CIPC). Here’s what you need to know to ensure compliance and safeguard your business. Comprehending CIPC’s Beneficial Ownership Mandate Avoiding the risk of company deregistration is paramount. Ensuring that your Beneficial…

As we approach the end of the financial year, we would like to ensure that you are well-informed about the upcoming deadlines for filing your income tax returns with the South African Revenue Service (SARS). Deadline for Individual Taxpayers (Non-Provisional): October 23, 2023 For individual taxpayers who are not on the provisional tax system, please be reminded…

Maintaining accurate and up-to-date financial records is a crucial aspect of running a successful business.  Bookkeeping is the process of recording all financial transactions, including purchases, sales, payments, and receipts.  It is essential to have good bookkeeping services to ensure that your business finances are well-organised, accurate, and compliant with legal requirements. PATC’s bookkeeping services…