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Your company's tax return isn't complete if it doesn't have this on it

by , 30 October 2014
To assess your tax compliance SARS needs you to complete your company's tax return correctly. If you do your tax return incorrectly, SARS will spot the mistake. It might charge you penalties for the error or worse audit your company.

That's why you need to be careful about doing your taxes.

You must watch out for errors. One of which is submitting a tax return that doesn't have this one thing on it...

 

Always ensure this is on your company's tax return

 
One of the most important things you need to put on your tax return is your company's details. These must be 100% correct. Even a slight error could trigger SARS' alarm bells. 
 
It could even reject the tax return thinking it belongs to an unregistered company. This means when SARS actually assesses your business, it will think you didn't submit your return.
 
If you complete your tax return manually you must be extremely careful when you enter these details.
 
If you submit electronically, don't think this doesn't apply to you
 
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Use this to ensure your company's details are always correct on your tax return

 
When you use eFiling to complete your company's tax return, it automatically syncs your company details with the return.
 
This means you can avoid human error when you enter your details. 
 
But this doesn't mean you mustn't still check before you submit. After all, even technology can make errors from time to time. 
 
Always ensure your details are correct before you submit, whether it's via eFiling or manually. This will help you avoid any unnecessary trouble with SARS. 
 
For more tax return tips and advice, check out the Practical Tax Loose Leaf Service
 


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