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Authorization of financial statements

Posted 30 March 2016 under Tax Q&A


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Lefoka says:
30 March 2016 at 8:11

First question: Is it compulsory for me to have my financial statements signed off by a CA? Can I compile my own company's financial statements and submit them to SARS?

Second question: How do I register as a small business corporation with SARS?

This entry was posted in Tax Q&A Bookmark the permalink.

TaxTim TaxTim says:
30 March 2016 at 8:51

Yes you can have any accountant compile your AFS if you are a small business. You don't register a SBC with SARS, you would become one if you meet the criterion under Is my Business a Small Business Corporation?

Lefoka says:
30 March 2016 at 9:53

What if I cannot afford the fees for accounting services/duties? Can I compile them myself?

TaxTim TaxTim says:
30 March 2016 at 12:16

Yes you can do them yourself, but it would be best to have someone professional prepare them even if it isnt a CA.


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Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started