Individual Income Tax

Tax planning is Essential. Let's help you.


Summary Of Our Individual Income Tax Services

South African tax law requires all residents and individuals who earn local income to submit an individual income tax return annually.  While there is an exemption for individuals to not submit a return when they earn less than a certain amount, it is often in their best interest to submit a return to ensure they claim any deductibles possible.  CFO360 can assist with the following income tax services:

  • Submission of Annual Income Tax Return (IT12)
  • Submission of Provisional Tax Returns
  • A reminder to all clients of pending deadlines to help compliance
  • Advice and Guidance to ensure all possible deductions are utilised
  • Objections and Appeals on behalf of clients to SARS
  • CFO360 will advise clients on optimising their tax deductions available by advising on structuring their investments in a tax-efficient way.
  • Other general employees tax queries and submissions as requested.
Spec Savers

What Our Income Tax Include

You will be assigned one of our professional qualified accountants as your dedicated accountant that will provide you all the support, tax planning, and accounting advice that you and your company needs.

With Individual Income Tax a requirement for business owners, CFO360 offers as a value-added service, the submission and assistance with annual tax compliance for all business clients who make use of our monthly accounting services.

We’ll help you with the accounting and bookkeeping that you don’t have the time or expertise to do, while you focus on your business. As your Accountant, we are able to give you a better, more value-focused service, while time saved on administrative queries will be better spent on value-adding activities. 

Learn more about our Accounting Services

CFO360 will assist you with the preparation of Financial Statements on an annual basis. As the manager or owner of an entity you will need financial statements for filing annual tax returns to SARS, the annual company returns to the CIPC, as well as to secure any financing.

Learn more about our Annual Financial Statements

Our services include the training and ongoing support of your accounting system for you and your staff. Your dedicated accountant will also do frequent reviews of the system. Both you, your staff and your accountant have always-on access to your systems from anywhere, on any device with an internet connection. The systems we use are all open to other systems to ensure you don’t need to change as your company expands or requires a different function. 

Learn more about our Systems and Software.

As a value-added service, CFO360 bundles taxation services you may need with your current monthly accounting services to offer the entire spectrum to you as a client. 

Learn more about our Tax Services

CFO360 can assist with all your Payroll Services needs.  While paying staff is an important function, this can be a time consuming regular task.  CFO360 can offer small to medium-sized entities and business owners a professional approach to this sensitive cycle. In addition, we will take care of all the related legislative requirements and ensure the necessary deadlines are met. 

Learn more about our Payroll Solutions

With the use of our cloud accounting software and processes we can equip your business to run from virtually anywhere. Our systems allow you to invoice from any device and your supplier invoices/slips can be captured as easy as taking a picture to be automatically processed. This allows your accounting records to stay as up to date as possible and provide you with a real-time reporting experience to make critical business decisions. 

Learn  more about our Reporting Functions

Some Frequently Asked Questions

It depends on what you mean by “can anyone do tax returns.” Certainly, anyone can fill out a tax form, but to do it correctly and get the most deductions and credits, it’s best to have a tax consultant do it for you. Tax consultants are experts in taxation and can help ensure that you don’t miss any deductions or credits that you’re entitled to.

Yes, it’s worth getting an accountant to do your taxes. In fact, it’s essential if you want to make sure you’re getting the most out of your tax return. An accountant can help you find all the deductions and credits you’re eligible for, so you can keep more of your hard-earned money. They can also help make the process of filing your taxes much easier and less stressful.

Yes, you should use a tax consultant if you want to save money on your taxes. A tax consultant can help you figure out how to deductions and credits that you may be eligible for. They can also help you file your taxes electronically, which can save you time and money.

Some Of Our Software Partners

Our software partners are all used to increase efficiency, automate processes and enhance the performance of your finance department so you can out perform your competition.

Xero Accounting Software Logo
Simplepay Payroll Software
Receipt Bank Logo
YOCO POS Systems
DEAR Inventory Systems
Asana Logo
Futrli Logo

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We'll respond within one day with a consulting call on us. We can communicate over emails too if you prefer.

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