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Authorization of financial statements



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?

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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