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....
How To Pay Sars Company Tax Debt Via Banking App, Not Sars EFiling For Small Businesses In 2024
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Paying SARS Company Tax Debt: Banking App Guide
Are you a small business owner struggling to pay your SARS company tax debt without access to Sars e-Filing? In this blog, we'll explore the challenges and options for paying SARS debt via a banking app, providing a step-by-step guide for a hassle-free process.
Challenges of Not Having E-Filing Access
Imagine receiving a final demand letter from SARS, but you lack access to an e-Filing profile. This scenario poses a significant challenge for small business owners, complicating the tax payment process. Without e-Filing, it's crucial to explore alternative solutions to settle your SARS company tax debt.
Options and Process for Paying SARS Debt
If you're unable to use e-Filing, paying your SARS company tax debt via a banking app can be a viable alternative. Adding SARS as a beneficiary on your online banking app allows for convenient and secure payments. Furthermore, understanding the payment allocation process is crucial to ensure your payments are correctly attributed to specific months of outstanding dues.
Pay SARS Company Tax Debt via Banking App
Accessing your banking app and adding SARS as a beneficiary is the initial step in this process. However, it's imperative to choose the correct payment option to prevent misallocation of funds. Additionally, obtaining the correct reference number for your SARS tax debt payment is vital, as it includes specific identifying details necessary for accurate payments.
Complexities of Paying SARS Company Tax Debt via Banking App
While the banking app payment method offers convenience, the process of paying SARS company tax debt is complex. Opting to pay the full amount instead of entering into payment arrangements is preferred to avoid penalties and complications. Given the intricacies involved, seeking professional guidance can help navigate this process with minimal errors.
Conclusion:
Paying off your SARS company tax debt via a banking app presents a viable alternative for small business owners without e-Filing access. However, it's essential to ensure accuracy and compliance to avoid penalties and interest. Seeking professional assistance can provide the necessary support to navigate this process effectively.
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