Creations · South Africa
Company income-tax returns and supporting calculations
Prepare the ITR14 and the schedules that connect accounting records to the company’s tax position for the relevant year of assessment.
What the work covers
Use this scope to identify what you need. Your proposal will confirm the services, records, reporting frequency and fees for your business.
- Review of financial statements and tax adjustments
- A supporting tax calculation
- Reconciliation of relevant prior and provisional payments
- ITR14 preparation and submission support
- Assessment review and a list of outstanding SARS queries
What to prepare
Tell us which records are available and where there are gaps. We can then distinguish ongoing work from any initial catch-up.
- Financial statements and trial balance
- Asset, loan and material transaction schedules
- Prior assessments, returns and payment information
- Ownership information and relevant company agreements
Timing and responsibility
Timing depends on the records, approvals and work required. Tell us about any deadline at the start. The engagement should identify the person handling your work, the review responsibilities and any external specialist needed.
Accounting profit is the starting point
Expenses, income, allowances and timing differences need consideration under the applicable tax rules. Assess eligibility for any special regime against all its requirements. Turnover or company size alone does not establish entitlement.
Document losses and unusual transactions
Assessed losses, connected-party transactions and foreign income may require additional schedules and specialist consideration. Keep the evidence and assumptions with the return. Reconciliation work supports the filing but cannot prevent SARS from selecting it for verification or audit.
How the work progresses
- 01
Review the requirement
Identify the entity, reporting period, records and deadline.
- 02
Agree the scope
Set the outputs, responsibilities, fees and approval process.
- 03
Prepare and resolve
Work through the records and raise missing information or decisions.
- 04
Review and hand over
Complete the agreed approvals and retain the outputs and outstanding actions.
Questions before you start
Is a return required if the company did not trade?
Check the company’s status and the SARS filing requirements for that year. Do not assume dormancy removes the obligation.
Does this include dividends tax or disputes?
Those are separate tax matters and should be expressly included or separately scoped.
Official guidance
Related services
Let’s define the next step.
Tell us what you need, what is outstanding and when it matters.