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Insights about Accounting, Audit, Tax and Compliance for your business.
SARS Admin Penalties
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Год назад
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Комментарии
@siphoowen2801
@siphoowen2801 16 дней назад
Ola Tumza look man, if SARS request my outstanding returns of 2017 and my IRP5/IT3 information is missing on my efiling profile who to call from my Employors 1st Employer i worked from 4 July 2016 - 29 Sep 2017 2nd Employer i worked from 2 Oct 2017 - 30 Sep 2018 Who to call between the two Employers to inquire about the missing information?
@firstplacetv8483
@firstplacetv8483 16 дней назад
Greetings, thanks for the message. You will need to contact the 1st employer for the 2017 and 2018 IRP5s and you will also need to contact your 2nd employer for the 2018 and 2019 IRP5s Because the tax year of assessment runs from 01 March to 28 February each year you will have multiple IRP5s for 2018 based on the info you provided above.
@siphoowen2801
@siphoowen2801 15 дней назад
@@firstplacetv8483 All done and sorted Tumza Thank you. Last question. If my ITSA show balance -XXXXX.00 but the Account Balance on the home page show R0.00 what does that mean?
@celeayanda4150
@celeayanda4150 18 дней назад
Thanks for this informative post. Please advise if you have an outstanding return for 2023 however you had been auto assessed for the year 2023.
@firstplacetv8483
@firstplacetv8483 17 дней назад
You mean auto assessed for 2024? You still need to submit the outstanding return. Note that you may incur admin penalties for the outstanding return so better to attend to that ASAP.
@lethabomeje6607
@lethabomeje6607 20 дней назад
Love how you've simplified it. Thanks Tumelo 😊
@firstplacetv8483
@firstplacetv8483 20 дней назад
@@lethabomeje6607 Thank you so much!
@celciomoloi6418
@celciomoloi6418 21 день назад
Hi , I updated my banking details yesterday. When should I expect my refund to be paid?
@firstplacetv8483
@firstplacetv8483 21 день назад
Greetings, as soon as the bank details are verified, SARS will issue correspondence and if all is in order you should get it fairly soon thereafter.
@Drew37Drew
@Drew37Drew 25 дней назад
Thank you Mr Makgakga am starting n I know it will grow - the call is coming🤞🏾
@firstplacetv8483
@firstplacetv8483 25 дней назад
Great stuff, looking forward to hearing from you soon! 😃 066 086 6065
@athingxazozo208
@athingxazozo208 26 дней назад
I was employed for 12 by my previous employer (Started 1st March 2023 until end of Feb). I have another employer now. Will my previous employer submit my IRP5 tax certificate?
@firstplacetv8483
@firstplacetv8483 26 дней назад
@@athingxazozo208 Yes they should do so when they do the 2023/24 annual employer reconciliations for the whole company. You can request it from them.
@JohannesMasemola
@JohannesMasemola 8 дней назад
I have been working with Company since 2016 January till April 2024,he don't want to give me IRP5, now I need your advice from you, please 🙏 what can I do
@firstplacetv8483
@firstplacetv8483 8 дней назад
@@JohannesMasemola Thanks for the message. Do you know if the company is registered with SARS? Were statutory deductions withheld from your monthly salary?
@kelebogile_marumo
@kelebogile_marumo 28 дней назад
Also, when you put money into an RA you get some funds from SARS as you reduced your income
@firstplacetv8483
@firstplacetv8483 28 дней назад
💯💯 RA contributions definitely have a tax benefit!
@tshegopadi2014
@tshegopadi2014 28 дней назад
This was soo informative 🙌🙌
@firstplacetv8483
@firstplacetv8483 28 дней назад
Thank you so much!
@sifisofidonhlapo638
@sifisofidonhlapo638 Месяц назад
What do i do if the IRP5 that shows on the SARS efilling website is from the previous employer and the new IRP 5 from the new employer doesnt show on the website? Changed jobs from July 2023
@firstplacetv8483
@firstplacetv8483 29 дней назад
Thanks for the question. If you changed jobs in July 2023 then you will see the two IRP5s when you do the 2024 Year of Assessment return (29 Feb 2024). You will only see one IRP5 from the old employer on the 2023 Tax return (28 February 2023). Keep in mind the tax year for individuals runs from March to February in South Africa.
@xolanithusi7088
@xolanithusi7088 Месяц назад
How to check on the IRP5 if your owing Sars or sars is owing you and how much you'll get?
@firstplacetv8483
@firstplacetv8483 Месяц назад
You will have to submit your tax return to find out if you owe SARS or they owe you. An IIRP5 summaries the taxes withheld by your employer during the tax year.
@credenceresidentialpropert8835
@credenceresidentialpropert8835 2 месяца назад
Thanks for sharing
@credenceresidentialpropert8835
@credenceresidentialpropert8835 2 месяца назад
Thanks for sharing
@nompumelelorihlampfu9731
@nompumelelorihlampfu9731 2 месяца назад
This is helpful. It actually answers questions I had about the whole IRP5 document. Thank you
@firstplacetv8483
@firstplacetv8483 2 месяца назад
Thank you so much. Happy to help.
@michaelnethengwe9810
@michaelnethengwe9810 4 месяца назад
Interesting
@firstplacetv8483
@firstplacetv8483 4 месяца назад
Yeah things can escalate quickly with #SARS
@grahamtjiane3014
@grahamtjiane3014 6 месяцев назад
Excellent explanation
@firstplacetv8483
@firstplacetv8483 6 месяцев назад
Thank you so much 🙏🏾
@nobukhosizungu2078
@nobukhosizungu2078 6 месяцев назад
What if I am not working I can't pay my penalties
@firstplacetv8483
@firstplacetv8483 6 месяцев назад
Unfortunately SARS will still require that you pay the amount due to them if that is the case🤷🏾
@jimmyspencer4844
@jimmyspencer4844 6 месяцев назад
😅 Promo`SM
@jacksympati3079
@jacksympati3079 8 месяцев назад
I got lease contract forms of municipal, so on the forms the need VAT. And My sell does not even reach R30 O00 what must I do on this matter?
@firstplacetv8483
@firstplacetv8483 8 месяцев назад
Thanks for the message. Please send us a direct message on WhatsApp so that we can get more details. 066 086 6065. Thanks.
@zealous4k
@zealous4k 10 месяцев назад
Boring, get a mic and speak up!
@user-cv3ee5tz7g
@user-cv3ee5tz7g 11 месяцев назад
Please write with names❤😊
@firstplacetv8483
@firstplacetv8483 8 месяцев назад
Thanks for the feedback.
@IkhayaLendumisoYetende
@IkhayaLendumisoYetende 11 месяцев назад
thank you so much....💯💯
@firstplacetv8483
@firstplacetv8483 8 месяцев назад
Welcome 😊
@jiovangatyene9426
@jiovangatyene9426 Год назад
How can I go about doing the RFR or dispute the penalty?
@firstplacetv8483
@firstplacetv8483 8 месяцев назад
We would be happy to assist, please reach out office@firstplace.co.za / 066 086 6065.
@victorswart7411
@victorswart7411 Год назад
Findng new young potential cadres to continue the anti constitutional BBBEE KWOTA bussiness opertunities. Its rather dark in there, minirities are hard to spot. Go figure.
@firstplacetv8483
@firstplacetv8483 8 месяцев назад
Thanks for the feedback.
@tshedisomapule4995
@tshedisomapule4995 Год назад
Thanks for the info'. If I may ask, is it possible to use you debt against your tax. e.g: If I have too much debt, can SARS be lenient/ merciful for me?
@firstplacetv8483
@firstplacetv8483 Год назад
Good day, thanks for the message. I will need further clarity on your question. Please feel free to direct to office@firstplace.co.za
@Jay_Molefe
@Jay_Molefe Год назад
Do I need to file within the 1st year, because I'm still learning how to file and I'm still waiting to see if I'm the registered representative
@firstplacetv8483
@firstplacetv8483 Год назад
Thanks for the question, your chosen year end for the company may have an impact so it may be worth checking your compliance status once you are confirmed as a representative to be 100% certain.
@Justin-kt2ch
@Justin-kt2ch Год назад
*Promosm*
@saintdaisy6551
@saintdaisy6551 Год назад
Good morning dear thanks so much.From SA JOBURG, WHERE IS YOUR OFFICE
@firstplacetv8483
@firstplacetv8483 Год назад
We are based in Randburg here in JHB but we operate nationwide. Reach out and we will see how to assist.
@alphadeluxe3673
@alphadeluxe3673 Год назад
I have registered a company but my challenge gets to where i register for csd it tells me that my tax references is not registered...what might be the problem and to register my company tax ref?
@firstplacetv8483
@firstplacetv8483 Год назад
We may have to look into this to further understand. reach out and we will see how to assist. WhatsApp/Call 066 086 6065
@TurbangstudiosTV
@TurbangstudiosTV Год назад
I only recently found this channel; why don't you guys publish more content? This is excellent advice that is really beneficial. Weekly content perhaps?
@firstplacetv8483
@firstplacetv8483 8 месяцев назад
Thanks we will consider that.
@tumelomakgakga7523
@tumelomakgakga7523 Год назад
Well done Shaun and Thanks for sharing👏
@TurbangstudiosTV
@TurbangstudiosTV Год назад
Is Shaun covering for you? Are you not the same guy from the previous videos?
@tumelomakgakga7523
@tumelomakgakga7523 Год назад
@@TurbangstudiosTV Thanks for the message. Yes i am the one on the other videos, Shaun is part of our team at FirstPlace and our team members cover different topics from time to time. 🙏
@TurbangstudiosTV
@TurbangstudiosTV Год назад
@@tumelomakgakga7523 Bro, you do a great job at explaining this complicated SARS stuff. Please make more videos, my brother. I can help even. Let's connect.
@nompumelelorihlampfu9731
@nompumelelorihlampfu9731 Год назад
I'm happy that my business is in good hands. Thank you so much #FirstPlace
@mrg7123
@mrg7123 Год назад
boi
@hlengiwentombela8628
@hlengiwentombela8628 Год назад
Good day do you assist with tax returns or do you give advices only ?
@firstplacetv8483
@firstplacetv8483 Год назад
Good day, thanks for the message. Yes we do assist with tax returns. Contact details: Call/WhatApp 066 086 6065 / Email: tumelom@firstplace.co.za Thank you
@petrusmonyeki4441
@petrusmonyeki4441 Год назад
Thanx for the information Mr Makgakga sir.I have learned a lesson bases on that.My story is little bit painful.I was working at the bank,from 2010 until 2014,then 2015 SARS send me an sms saying I owe them a lot of money.Yhooo,I was shocked that how can it be?
@firstplacetv8483
@firstplacetv8483 Год назад
@@petrusmonyeki4441 We may have to look into this to further understand. reach out and we will see how to assist. WhatsApp/Call 066 086 6065
@nompumelelorihlampfu9731
@nompumelelorihlampfu9731 Год назад
Thanks for sharing, helpful!🙌🏾
@firstplacetv8483
@firstplacetv8483 Год назад
Thank you so much!
@credenceresidentialpropert8835
Very helpful, thanks for sharing!
@firstplacetv8483
@firstplacetv8483 Год назад
Thank you so much!
@tinastroswitch7007
@tinastroswitch7007 Год назад
Hi i have late submitting but they only paid one year out of the 5 years submission sending me only one penalty y how do i receive the other years ive applied but no penalty for the other years as yet should i wait or contact them?
@firstplacetv8483
@firstplacetv8483 Год назад
Thanks for the message. Rather contact them and inquire to avoid suprises later.
@CrazySouthAfricanHacker
@CrazySouthAfricanHacker Год назад
Thank you for this helpful information
@firstplacetv8483
@firstplacetv8483 Год назад
Thank you so much!
@credenceresidentialpropert8835
Insightful, Thanks for sharing👌🏾
@tumelomakgakga7523
@tumelomakgakga7523 Год назад
Great stuff, Big ups Ntuthuko!😎
@rampaidimakatso653
@rampaidimakatso653 Год назад
Hi i would like to know hore as you said after the completion letter you can get the refund after 3 days of working business.I just got mine together with finalised letter of verification Assessment,but im still waiting what could possibly be a delay?
@firstplacetv8483
@firstplacetv8483 Год назад
Please note that SARS has issued a notice/announcement that they are experiencing delays in the payout of refunds. It is possible that this could be the reason. Thanks.
@zakhelemdunge3189
@zakhelemdunge3189 Год назад
Hi Tumelo, for some reason which I don't remember my 2019 returns were not submitted and I only managed to do them June 2022. I have refunds due to me but was never paid. Would you advise why is that so?
@firstplacetv8483
@firstplacetv8483 Год назад
Hi Oscar, thanks for the message. Kindly reach out on 066 086 6065 (Call/WhatsApp) or email tumelom@firstplace.co.za so that we can assist. Thanks
@snelisekilesnerh8922
@snelisekilesnerh8922 2 года назад
Hi is it possible that you work for 2 years and not get any Refund from SARS.. Called them and one consultant said yes it's possible if I was taxed correctly
@firstplacetv8483
@firstplacetv8483 2 года назад
Good day, Thanks for the message. Yes it is possible.
@lusandajockia5660
@lusandajockia5660 2 года назад
Hi Tumelo thank you for the upload. However, may I ask, I filed early June 2022, obviously I had to wait for that 21 days I submitted the relevant documents. So, I can see that I have a refund due to me when I check my statement of account. But, I have been wait since, Friday the first of July 2022. I believe all my details (account details) are correct and documents submitted. And last year 2021 I was owing them R500, they deducted it this year. But, when will I get the remaining money?
@firstplacetv8483
@firstplacetv8483 2 года назад
Thanks for the message. Please note SARS has announced that they are experiencing delays in paying out refunds. Please stay tuned to any other updates on their official platforms. Thank you.
@franksphiwe9590
@franksphiwe9590 2 года назад
Thanks 4the video my brother. My bank account is still pending maybe that's why sars didn't pay me.
@firstplacetv8483
@firstplacetv8483 2 года назад
Thanks for the message. Please note that if your banking details have not been verified it may impact the processing of your refund. Please reach out should you require any assistance. Thank you.
@credenceresidentialpropert8835
@credenceresidentialpropert8835 2 года назад
Thanks for sharing👌🏾
@mulondinthulana272
@mulondinthulana272 2 года назад
Key 👌🏾
@firstplacetv8483
@firstplacetv8483 2 года назад
Thank you so much!
@agnesmphomasango8223
@agnesmphomasango8223 2 года назад
Hi Abuti, thabks for the video. Very much informative. If I may ask, if I have 2 bank accounts, can I register the one my salary is not paid into on SARS? Stament of account shows that my refund was reversed due to bank details issues. Now I have changed bank accounts to the one I do not use for my salary and just wondering if its going to be an issue🤔
@firstplacetv8483
@firstplacetv8483 2 года назад
Hi Agnes, it is unlikely that it will be an issue if the bank details have been verified with SARS.
@gezillerbrilliant3948
@gezillerbrilliant3948 11 месяцев назад
​@@firstplacetv8483how long does bank account verification take?
@tarunsing7878
@tarunsing7878 2 года назад
Very Informative! Thanks a ton !
@firstplacetv8483
@firstplacetv8483 2 года назад
Thank you so much!
@credenceresidentialpropert8835
@credenceresidentialpropert8835 2 года назад
Thank you for this, key insights that may appear basic but is very tricky in practice.
@firstplacetv8483
@firstplacetv8483 2 года назад
Thank you so much!