9 TAX DEADLINES ALL BUSINESS OWNERS MUST KNOW:
Hirsch Meadowdale recently hosted their monthly Business Networking Morning with a large group of driven local business people ready to learn more about the new tax laws. CA, owner of Bizzacc and President of the BNI Fusion Chapter, Karen de Villiers was the guest speaker for the morning, and spoke about the 9 deadlines that all business owners should remember.
1. January: Business Income Tax Return (If the business year ends in February)
2. February: Second Provisional Tax Return ( Based on current year income)
3. March: Submission of Workmen’s Compensation Return (If you employ anyone you must get registered)
4. May: Annual Pay As You Earn (PAYE) Reconciliations (If you take money from your business or you pay any salaries or wages)
5. August: First Provisional Tax Return (Based on the first six months of income)
6. August: According to the new Companies Act 2011 all companies must have financial statements signed off within 6months after financial year end.
7. October: Bi-Annual PAYE Reconciliation (Based on 6months salaries and wages paid)
8. November: Submission of Income Tax Return for all Individuals
9. Birthday month of the company: (Date of registration) – CIPC Annual Returns (A levy is payable to CIPC annually to keep your company registered)
After the talk, an opportunity was given for each of the attendees to give a one minute marketing presentation of their business.
Join Hirsch’s monthly Business Networking events to grow your business. Hirsch’s hold their business networking mornings on the last Thursday of every month – countrywide.