How to Thank Your Loyal Clients this Festive Season

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	22A Church Street DURBANVILLE 7550	Tel: 021 970 4600 Fax: 021 975 6780 Email: info@sdkca.co.za
Website: www.sdkca.co.za

May your heart and home be filled with all the joy the season brings.

Wishing you a prosperous 2024!

Our office will be closing for the festive season on 14 December
and will reopen on 04 January 2024.

IMPORTANT TAX DEADLINES TO REMEMBER

24 January 2024: Individual provisional taxpayers 2023 tax returns
29 February 2024 Companies, Close Corporations with February year ends 2023 tax returns
28 February 2024: 2024 second provisional tax estimates and payments for provisional individual taxpayers, Companies, Close Corporations and Trusts with February year ends.

RESPONSIBILITIES OF A PUBLIC OFFICER/TAX REPRESENTATIVE

Section 246 of the Tax Administration Act No 28 of 2011 requires that every company carrying on business or having an office in South Africa must at all times be represented by an individual residing in South Africa.

Who can be a Public Officer/Tax representative?

The individual representative must be approved by SARS and must be a person who is a senior official of the company. If no senior official resides in South Africa, the individual representative may be another suitable person appointed by the company.

The individual representative must be called the Public Officer of the company and must be appointed within one month after the company begins to carry on business or acquires an office in the Republic.

If a Public Officer is not appointed as stated above, the Public Officer is the director, company secretary or other officer of the company that SARS designates for that purpose.

Responsibilities of a Public Officer/Tax Representative

A Public Officer is responsible for all acts, matters, or things that the company must do under a Tax Act, and in case of default, the Public Officer is subject to penalties for the company’s defaults.

A Company is regarded as having done everything done by the Public Officer in the Officer’s representative capacity.

How to appoint a Public Officer/Tax Representative

A resolution needs to be passed conferring the required person to sign returns, objections, appeals, to take legal notices, and generally to represent the company. The resolution needs to be signed by all Directors / Members of the company.

The appointed Public Officer needs to sign an acceptance of his/her appointment letter.

The signed resolution and acceptance letter needs to be submitted at your nearest SARS branch, together with the following documentation:

Company registration documentation
3 months originally stamped bank statements of the Company
Proof of address of the Company
Proof of address of the Public Officer
Originally certified copies of all Directors / Members, and the Public Officer’s identity documents.

December 2023 NEWSLETTER

Corporate Gifting: How to Boost Your Business This Festive Season

There is no more appropriate time than the Festive Season to show appreciation to clients, suppliers and business partners, to build better business relationships and to differentiate your company from the competition.

Well-chosen corporate gifts are a great way to do so, and with these excellent corporate gifting tips, you will be able to create the right impression about your company, while also ensuring that your business associates feel valued.

Festive Season Gifts for Employees? Here’s How SARS Will Tax Them

Giving your employees gifts this Festive Season? Then be sure to check with your accountant first! This is because any kind of gift that an employee receives from an employer will be taxable in the hands of the employee, and in some cases, could have a detrimental impact on an employee’s overall tax liability.

Find out here how SARS will tax the most common gifts to employees, and how to ensure your employees get the maximum benefit from any gift they receive from your company this year.

How to Write a One-Page Business Plan

With the final days of 2023 ticking away, there is still time to do something that’s becoming all the rage among successful entrepreneurs – develop a one-page business plan. Like the elevator pitch before it, the idea of the one-page business plan is to distil the essence of your business down to its most important elements.

A one-page business plan makes it significantly easier to keep track of your key purpose, targets, milestones and KPIs, while also allowing relevant personnel to easily distil the important messages and goals. Here’s how to make one.

9 Tips for Catching CV Liars

We live in desperate times. South Africa’s official unemployment rate is 33%, and the unofficial one is thought to be much higher. In a climate like this more and more people find themselves desperately seeking work and the number lying on their CVs is rising every year.

But lies on a CV are not the harmless fibs that applicants may think they are. Hiring someone into a position they are unqualified for can be extremely damaging to any business. Here then are 9 tips for detecting lies on your applicants’ CVs.

Your Tax Deadlines for December 2023

7 December – Monthly Pay-As-You-Earn (PAYE) submissions and payments
28 December – Excise Duty payments
29 December - End of 3rd Financial Quarter
29 December – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable.

Thank you for your support in 2023.

Have a wonderful festive season, and a happy and prosperous 2024.

Enjoy the break!

Disclaimer

The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for professional, detailed and appropriate advice.

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