Around this time of year, your inbox fills with tax certificates from your medical aid, employer, bank or annuity manager. This can only mean one thing ; tax filing season is upon us again!
Now is a good time as ever to get in good standing with SARS. As your partner in finance, Hugo & Venter can show you how for the 2022/2023 tax year!
What documents and data should I submit?
When preparing for tax season, the last thing you want to do is scramble to get all of your paperwork in order. This will only lead to missing documents and overlooked data (which can result in penalties and a lower return)
It is important to keep all supporting documents and third-party data for your tax obligations safe, secure, and in one place for easy filing. These documents won’t be sent to SARS, but will make for a stress-free tax season if you have everything on hand.
SARS compiled a handy list of the documents you need and where to find them!
Now that your documents are ready…
Always file as early as possible. To gather your docs and data is time-consuming enough before even getting to the filing part of the process. You must be prepared for delays like having to resubmit your return and requesting more documents to support your return. This is why it is good practice to submit well before the cut-off dates. This year’s dates for filing are as follow:
-The due date for submitting hardcopy tax returns and e-submissions with help of a SARS professional is 23 November 2023.
SARS.GOV.ZA
Hugo & Venter can help you with your tax return:
Doing your own taxes can be very complex and it is often worth having a professional survey your documents, data and investments.
We are fully integrated with SARS, can aid with importing your data and file your tax return directly with SARS.
Hugo & Venter practitioners can give you advice about reducing your tax return and maximising your refund legally.
Our registered professionals can answer complicated questions and offer valuable insights.
You can rest assured that your return will be completed fully, correctly and that it will be submitted on time.
We don’t compromise on privacy and security and guarantee that your personal data is kept secure at all times.
Hugo & Venter practitioners can prepare income statements to prepare you in the event of an audit.
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