Is Your Business Tax Compliant?

Use this simple checklist to ensure your business stays compliant with SARS and avoids unnecessary penalties. Simply tick the ☐ boxes as you go!

☐ Company registered with the Companies and Intellectual Property Commission

☐ Company details are up to date

☐ Directors' information is current

☐ Annual returns submitted

☐ Beneficiary ownership is updated

☐ Business registered for Income Tax

☐ Tax reference number received

☐ SARS eFiling profile active

☐ Contact details updated on SARS records

☐ All business income recorded

☐ All expenses supported by documentation

☐ Bank accounts reconciled monthly

☐ Invoices properly issued and stored

☐ Financial records retained for at least 5 years

☐ Separate business and personal finances

☐ VAT registration confirmed

☐ VAT invoices issued correctly

☐ VAT input claims supported by tax invoices

☐ VAT returns submitted on time

☐ VAT payments made by due dates

☐ Employees correctly registered

☐ PAYE calculated accurately

☐ UIF contributions submitted

☐ Monthly EMP201 returns submitted

☐ Annual EMP501 reconciliations completed

☐ IRP5 certificates issued

☐ Annual Financial Statements prepared

☐ Tax-deductible expenses identified

☐ Supporting documents available

☐ Company Income Tax Return submitted

☐ Tax liabilities paid on time

☐ Monthly management accounts reviewed

☐ Cashflow forecast maintained

☐ Budget reviewed regularly

☐ Profitability monitored monthly

☐ Debtors followed up promptly

⚠️ Missing filing deadlines

⚠️ Mixing personal and business expenses

⚠️ Poor record keeping

⚠️ Ignoring SARS correspondence

⚠️ Incorrect VAT claims

⚠️ Not seeking professional tax advice

Need Help?

Jebros Accounting Tax & Advisory

We help South African businesses with:

• Accounting & Bookkeeping
• Tax compliance
• VAT & PAYE
• Financial Statements
• Business Advisory
• SARS Queries & Support