Assists an individual to determine his? income and? the value of his assets. Estate and investment planning can flow from this analysis.

In order to maintain an even flow of liquidity, it is essential to forecast cash receipts and payments.

This account is for individuals.

Application for extension of time to render Income Tax Return (Form IT12 for the tax year)

Application for extension of time to render Income Tax Return (Form IRP6 for the First Provisional Return)

Application for extension of time to render Income Tax Return (Form IRP6 for the Second Provisional Return)

Application to pay off Assessment in Installments.

Application for extension? to pay off the? Second Provisional Payment

An objection to an assessment must be made in writing and must reach the Receiver within 30 days after the date stipulated for payment by the assessment notice or within 30 days after the date that reasons were furnished by the Receiver. The time limit is strictly adhered to by the Commissioner for Inland Revenue. If no objection is lodged, the assessment becomes final against the taxpayer. This letter encloses form ADR1 being the Notice of Objection.

To the Special Court for hearing Income Tax Appeals: If you are dissatisfied with the decision of the Commissioner regarding the Notice of Objection, an appeal must be lodged to the Income Tax Special Court within 30 days of the date of the Notice of Dis-allowance. This time limit is likewise strictly enforced. It is suggested that an attorney or tax expert be consulted with regard to the appeal although the taxpayer may save costs by appearing himself. The Receiver may extend the 30- day period where he is satisfied that reasonable grounds exist. The extension is probably limited to 3 years from the date of the assessment according to a recent budget proposal.

This enables a taxpayer to delegate the task to someone else for bringing an appeal on his behalf. He is usually obliged to appear in person in Alternative Dispute Resolution (ADR),? proceedings with or without a representative.

This is a flow chart? ?relating to possible procedures available to? a taxpayer after receipt of an objectionable assessment,including the Alternative Dispute Resolution (ADR).

Alltaxpayerswhoreceiveatravelallowanceareentitledtoclaimadeductionfrom SARS, should they be using their own private vehicle for business use. Itisessential to have certain information to be able to claim any deductions.? A logbook is useful to keep track of odometer readings and total kilometres travelled foreachtaxyear.Thereare2waysinwhichtoclaim:Usingdeemingprovisions,the first18000km are considered private use and anything after that may be claimed up toalimit of 14 000km.? With a logbook, accurate calculations of personal andbusiness usagecanbemadeandwiththesefiguresathand, thereisnolimittotheclaimprovided youcanjustify itwithyourrecords. Logbooksshouldberetainedforaminimum of 3 years should SARS require you to submit them for verification. Forfurther clarification consult the SARSoffice.  

Often the bank will respond telephonically.

Informsadebtorofadishonouredcheque. Intheeventofabillofexchangeorpromissory note being dishonoured, it is suggested that an attorney beconsultedimmediatelyto ensurecompliancewiththe stringentrequirementsof NoticeofDishonour, as imposed by the Bills of Exchange Act 34 of1964.

Used when a drawer wishes to stop payment on a cheque.? In addition,? it is advisable to telephone the bank immediately with verbal instructions.