Value Added Tax - Indirect Taxation Services
Tax planning is essential for Every Business. Let's help you.
Summary Of Our Value Added Tax Services
VAT and other Indirect taxes are presenting increasingly onerous compliance requirements for businesses. Without the necessary qualifications and experience Value Added Tax can be challenging to the average business owner. Let CFO360 simplify your life with any of the following services:
- VAT201 return submissions (Monthly, Bi-Monthly, etc)
- VAT201 calculation assistance
- Value Added Tax audit assistance
- Assistance with efficient Value Added Tax structuring and restructuring
- Other general value added tax queries and submissions on behalf of our clients
Whether you are a small or medium business we can assist you with practical and direct advice to help you manage your companies taxation affairs efficiently.
What Our Value Added 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 Indirect Taxes closely related to our monthly accounting services, CFO360 offers as a value added service, the submission and assistance with day to day compliance for all 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
Indirect taxes in South Africa are levied on goods and services, rather than on income or profits. Typically, indirect taxes are imposed by the government on businesses, with the ultimate goal of raising revenue. However, indirect taxes can also be used as a tool to regulate certain economic activities.
We need indirect taxes because they’re a necessary evil. Without them, our government would have a harder time collecting revenue, and we as taxpayers would ultimately foot the bill. So even though they might not be the most popular taxes around, they’re still an important part of our tax system.
There’s a big difference between direct and indirect taxes. Direct taxes are those that are levied on individuals or businesses, while indirect taxes are those that are levied on products or services. For example, income tax and corporate tax would be considered direct taxes, while sales tax and value-added tax would be considered indirect taxes.
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.
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