At Evertrust Financial Solutions, we understand that effective tax planning is critical to minimizing liabilities and maximizing your business’s financial potential. Our expert tax services are designed to help South African businesses stay compliant with SARS regulations while optimizing their tax position. From strategic planning to accurate filing and proactive compliance, we take the stress out of tax season, allowing you to focus on growing your business while retaining more of your profits.

Strategic Tax Planning

Our tax planning services are tailored to optimize your tax position within the framework of SARS guidelines. We work closely with you to develop strategies that align with your business goals, including:

Tax Liability Minimization: Identifying opportunities to reduce taxable income through allowable deductions, credits, and exemptions.

Cash Flow Optimization: Structuring tax payments to improve liquidity and support operational needs.

Long-Term Tax Strategies: Planning for future tax obligations, including expansion, asset acquisition, or business restructuring.

Personalized Tax Roadmaps: Creating customized plans that reflect your business’s size, industry, and financial objectives.

Our proactive approach ensures your tax strategy is both compliant and designed to maximize returns.

Preparation and Submission of Tax Returns

Accurate and timely tax filing is essential for compliance and avoiding penalties. Our services cover all aspects of tax return preparation and submission, including:

VAT Returns: Calculating and submitting Value Added Tax (VAT) returns, ensuring accuracy and compliance with SARS deadlines.

PAYE Returns: Managing Pay-As-You-Earn (PAYE) submissions for employee income tax, including EMP201 and EMP501 reconciliations.

Corporate Income Tax: Preparing and filing accurate corporate tax returns, including provisional tax submissions and annual returns.

Other Tax Obligations: Handling additional tax filings, such as Dividend Withholding Tax (DWT) and Secondary Tax on Companies (STC), where applicable.

We ensure all submissions are accurate, complete, and filed on time to keep your business in good standing with SARS.

Advice on Tax Incentives and Deductions

South African businesses can benefit from a range of tax incentives and deductions. Our advisors provide expert guidance to help you take full advantage of these opportunities, including:

Small Business Incentives: Leveraging benefits like the Small Business Corporation (SBC) tax regime for qualifying businesses.

Research and Development (R&D) Deductions: Advising on tax breaks for businesses investing in innovation and development.

Industry-Specific Incentives: Identifying sector-specific relief, such as manufacturing allowances or renewable energy incentives.

Capital Expenditure Deductions: Maximizing allowances for assets like machinery, equipment, or property improvements.

Our team stays up-to-date with SARS regulations to ensure you claim all eligible deductions and incentives.

Proactive Audits and Compliance

Staying compliant with SARS and avoiding penalties requires proactive measures. Our services include:

Pre-Audit Reviews: Conducting internal audits of your financial records to identify and address potential issues before SARS reviews.

Compliance Checks: Ensuring adherence to tax laws, including proper record-keeping and documentation for all tax-related transactions.

Penalty Mitigation: Assisting with resolving disputes or penalties with SARS, including voluntary disclosure programs (VDP) where applicable.

Ongoing Monitoring: Providing continuous support to keep your tax processes aligned with changing regulations and best practices.

Our proactive approach minimizes the risk of audits, penalties, or compliance issues, giving you peace of mind.

 Stress-Free Tax Management

We take the complexity out of tax season by offering end-to-end tax management services tailored to your business needs:

Streamlined Processes: Using advanced tools and systems to simplify tax calculations, filings, and record-keeping.

Transparent Reporting: Providing clear, detailed reports on your tax obligations, payments, and potential savings.

Dedicated Support: Offering personalized guidance from our tax experts to address your questions and concerns throughout the year.

Scalable Solutions: Adapting our services to suit businesses of all sizes, from startups to large enterprises, across various industries.

Our goal is to make tax planning and filing seamless, allowing you to focus on your core business while we handle the details.

Expertise in South African Tax Law: Our team has in-depth knowledge of SARS regulations and stays updated on legislative changes.

Tailored Solutions: We customize our tax strategies to align with your business’s unique financial goals and challenges.

Time and Cost Savings: Our efficient processes reduce administrative burdens and help you retain more of your profits.

Proactive Compliance: We prioritize compliance to protect your business from penalties and ensure long-term financial health.