ACS Accounts

We will be changing over to a new time and billing system over the next 4 months. We hope that this will not cause any disruptions, and should make things more efficient for us. If any clients would like to switch over to a debit order payment (we offer a 5 % p.a. discount for this option), please contact Jenilee for a quote for the amount.

BEE EME Certificates

With the new BEE codes we will no longer be able to issue a BEE certificate for EME’s (turnover under R10 million), an affidavit will replace the certificate.  A template for the affidavit will be made available for download on our website, this can be brought to our office to be certified.

Upcoming Deadlines

  • 30 September 2015 – Manual submissions for income tax (2015)
  • 30 September 2015 – 3rd Provisional tax for Feb year end clients (2015)
  • 1 September 2015 – 1st Bi-Annual submission of EMP501 Recons Opens (2016)
  • 1 October 2015 – Manual submission of Employment Equity Reports
  • 30 October 2015 – 1st Bi-Annual submission of EMP501 Recons Closes (2016)
  • 27 November 2015 – Electronic submissions (2015) (non-provisional tax-payers)
  • 31 December – 1st Provisional for Jun year end clients (2016)
  • 31 December – 3rd Provisional tax for June year end clients (2015)

Payment advice notice (PAN) on E-filing

SARS have released a new payment functionality on e-filing due to all the errors that have occured in the past with the incorrect entering of the PRN Numbers. The new payment advice notice functionality will only be available for payments linked directly to a return on e-filing. For more information the SARS guide is available on our website.

SARS New Single Registration System

SARS is introducing a new single registration system from May 2014. Once this project has been rolled out all taxpayers, traders and tax practitioners will have a single interface to SARS for their registration/licensing/amendment needs. This project should result in a faster turnaround time and simpler processes. We will keep you updated with the project as we receive information from SARS.

Employment tax incentive (ETI)

The Employment tax incentive came into effect on 1 January 2014. The aim of this incentive is to encourage employers, who are registered for PAYE, to hire young workers and give them work experience over the medium term. This incentive will apply to staff members, excluding domestics and related employees, with valid South African ID documents aged between 18 and 29 years old that were hired on/after 1 October 2013 and earn between R2000 – R6 000 per month. The employees will only be eligible to claim the incentive for 24 months while they fall into the age bracket, the months do not need to be consecutive. The incentive will be calculated according to their monthly salary and will half in the last 12 months that they are eligible. Employers must be up to date on all their taxes to be able to claim and can be penalised if the incentive is exploited or abused. There is a full summary and an example of the incentive available on our website; alternatively you can contact Christel (christel@acsaccounting.co.za) for information.

Uploading and submitting documents on efiling

When uploading supporting documents on efiling for any review or audit please note that the documents don’t automatically submit to SARS once they are uploaded, there is a submit to SARS button at the bottom of the screen.  Once the documents have been submitted, the status bar must say submitted to SARS.