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Can a self-employed person get a home loan in South Africa?

 How to get a home loan when you are self-employed Can a self-employed person get a home loan in South Africa? The simple answer is yes. But the bank or the financial institute will have certain requirements that self-employed person has to meet.  These are similar to the rules that registered companies must follow. The moment you earn an extra income, the South African Revenue Service sees it as a business income and you are expected to have financial statements and pay taxes.  Before you apply for a home loan, first find out what amount you qualify. Determine exactly what the bank would need from you before you apply. This would speed up the process and the bank doesn't have to wait for outstanding documents that you probably don't have and still have to search for. If you're applying for a home loan as a self-employed person , then these tips can streamline the process and increase your chances of approval. These are the things to do before you apply for the home loan....

Your A-Z Guide to SARS eFiling for Business 2024 | Accounting And Bookkeeping Services In South Africa

 

Your A-Z Guide to SARS eFiling for Business 2024 | Accounting And Bookkeeping Services In South Africa and Accountant For Small Business
Olivia Sambo: MD Of Profits And Books Accounting Services


Olivia Sambo An Accountant for small business in South Africa

Are you a South African company or an entrepreneur feeling lost in the complicated tax system of SARS eFiling for business in 2024? Fear not, intrepid business owner! Profits & Books Accounting Services, your trusty map and compass through the financial wilderness, is here to guide you. Today, we'll illuminate the mysteries of SARS eFiling, explain its importance, and show you how our expert team can make this process a breeze.

First things first: What is SARS eFiling? Imagine ditching the paperchase and filing your tax returns, VAT submissions, and other statutory documents securely online. Yep, that's the magic of SARS eFiling! It's a user-friendly portal that streamlines tax compliance, saving you time, money, and a whole lot of frustration.

So, why SARS e-filing important? Consider this:

  • Compliance is key: Failing to file electronically on time can attract hefty penalties. eFiling ensures you stay compliant and avoid unnecessary stress.
  • Accuracy is paramount: Manual calculations are prone to errors. eFiling's built-in validations minimise mistakes, giving you peace of mind.
  • Efficiency reigns supreme: Say goodbye to mountains of paperwork! eFiling saves you valuable time and keeps your office organised.
  • Transparency is golden: Track your submissions, payments, and communication with SARS easily through the eFiling platform.

How does Sars Company efiling platform work?

  1. Register with SARS: It's free and simple! Just head to https://www.sarsefiling.co.za/ and follow the steps.
  2. Get your eFiling PIN: This unlocks your secure access to the portal. You can request it online or at a SARS branch.
  3. Choose your software: Various accounting and eFiling software packages are available. Profits & Books can recommend the best fit for your business needs.
  4. Prepare your documents: Gather all necessary paperwork (invoices, receipts, etc.) and input your data into the software.
  5. Submit and relax: Once everything's verified, hit submit and let the portal handle the rest. You'll receive confirmation emails for your records.

Feeling overwhelmed? Don't fret! That's where Profits & Books Accounting Services comes in. We're not just accountants and bookkeepers – we're SARS eFiling experts. We can:

  • Guide you through the registration process
  • Recommend and set up the right software
  • Prepare and submit your returns accurately and on time
  • Negotiate SARS debt payment arrangements (Olivia Sambo, our MD and a seasoned accountant, is a pro at this!)
  • Provide ongoing support and answer all your eFiling questions

With Profits & Books Accounting | Bookkeeping Services by your side, SARS eFiling won't be a monster in the closet of your business– it'll be a smooth, stress-free ride. Think of us as your financial Gandalf, leading you through the tax jungle.

Remember, Olivia Sambo and the Profits & Books team are here to empower South African businesses with expert accounting and bookkeeping services. Don't let SARS eFiling be a mystery – embrace its efficiency and unlock your business's full potential.

Contact us today for a free consultation and discover how Profits & Books can be your one-stop shop for all your accounting and eFiling needs.

Please share this blog post with your fellow South African entrepreneurs and spread the word about the accounting and bookkeeping expertise of Olivia Sambo Accountant & MD of Profits And Books Accounting Services!

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