Turn the year’s financial information into a clear company income tax submission. Vatco helps you organise the records, prepare the relevant ITR14 work and review the outcome, with bookkeeping gaps and additional queries identified before they become hidden assumptions.
Your requirements · A clear scope · Your next step
The company income tax return reports the entity’s position for the relevant year of assessment. Preparing it requires more than copying a bank balance or the profit shown on a spreadsheet. The financial records and the tax treatment need to be considered together, with supporting schedules for the material figures.
We review the condition of the records before agreeing the filing scope. If bookkeeping is unfinished or financial statements have not been prepared, that work should be recognised as a separate preparation stage. A tax-return fee should not conceal an assumption that complete accounts already exist when the business actually needs its records reconstructed first.
The tax-return work can start from the company’s financial file.
Describe what happened throughout the year before requesting a nil return.
Agree the order of historical work and obtain the previous working files.
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| Cost item | Price or basis | What to allow for |
|---|---|---|
| Vatco company return | Quoted per company and assessment year | Pricing reflects reconciled records, applicable schedules, review and agreed submission follow-up. |
| SARS eFiling platform | R0 platform access | Professional preparation, tax payable and corrective work remain separate. |
| Accounts preparation or reconstruction | Separate preparation stage where required | Missing ledgers, financial statements and historical balances can materially change the work. |
| Tax, disputes and audit responses | Separate liability or engagement | Tax payable is due to SARS; a formal dispute or extensive verification response needs its own scope. |
The service fee, any amount payable to the authority and additional work are separate. The table identifies the scope to confirm before you proceed.
The aim is not to collect every document indiscriminately, but to establish a clear route from the underlying records to the figures used in the return.
This gives the preparer an opportunity to ask the right question before submission instead of discovering later that two people had different interpretations of the same entry.
Bring the trial balance, general ledger and available financial statements, together with the records behind significant income and expense amounts.
Add schedules for assets, loans and unusual transactions where relevant.
Provide the previous assessment, prior return and provisional tax records.
Explain changes in ownership, activity or accounting treatment that may affect comparison with the previous year. A balance carried forward should be checked rather than accepted merely because it appeared in last year’s file.
Identify transactions involving directors or related businesses and separate business spending from personal expenditure.
Where a figure depends on a judgement or incomplete evidence, flag it for review.
We first agree the entity, period and condition of the source records.
Next, prepare the return and relevant tax schedules using the applicable SARS requirements.
After filing, retain the acknowledgement and review the resulting assessment against the return and payment position.
If SARS requests supporting information, preserve the request and respond to its specific scope.
A company with reconciled accounts needs a different amount of assistance from one with several years of missing records. Tell us about accounting software, available reports and the last period submitted. These details help establish a realistic preparation plan and avoid quoting from turnover alone.
At handover, retain the submitted return, supporting calculation, assessment and a record of any outstanding actions. Decide who monitors future correspondence and the next provisional periods. That continuity is especially useful when directors change or an external preparer takes over, because the reasoning behind the previous return remains available alongside the final figures.
No. They serve different purposes and are submitted to different authorities. Keep a separate record of each obligation. Completing a company tax return should not be described as completing the company’s annual CIPC filing, and vice versa. Tell us if you need assistance with both.
The actual activity and current filing requirements must be reviewed. Expenses, assets and transactions during part of the year can matter even where sales were absent. Provide the records so the return position can be determined rather than choosing “nil” solely because no invoices were raised.
Bank statements are useful evidence but may not provide a complete accounting and tax picture. We assess what records exist and whether further bookkeeping or schedules are required. Any reconstruction should be scoped separately so the figures submitted have an understandable supporting basis.
No. A submission record does not prove settlement. Review the assessment and payment position, identify who is responsible for any payment and retain the relevant evidence. Provisional payments and other credits should be checked in the reconciliation rather than assumed from memory.
Keep the actual request and its reference. The response should address the matters raised with the appropriate records. Confirm whether follow-up is included in the original engagement; a substantial verification, audit or dispute may require a separate scope and further specialist consideration.
Yes, the first step is to map the missing periods and the available accounts. Earlier balances and assessments can affect the preparation sequence. Explain the history and provide existing records so the catch-up work can be planned and quoted as a defined project.
Go deeper with guidance from the relevant authorities.
Company return configuration, supporting information and dormant-company treatment.
Open the resource OFFICIAL RESOURCEThe online filing process and relevant filing distinctions.
Open the resource OFFICIAL RESOURCEOfficial confirmation that eFiling platform use is free.
Open the resourceShare your requirements with Vatco.
Confirm the scope, documents and fees before proceeding.
