Pinnacle Business Consulting

VAT - DO's and Don'ts We often notice clients claiming VAT on non-deductible expenses in error. It is important to know which expenses are VAT deductible and which not since incorrectly claiming deductions could lead to penalties for underdeclaring liability. VAT cannot be claimed on the following expenses: - motor cars - entertainment - staff welfare - fuel - gifts - professional membership fees - sport, social or recreational club fees In certain cases VAT may be claimed on the purchase of motor vehicles as well as entertainment expenses. We will look at this in more detail over the next few weeks. www.pinnacleconsult.co.za #SARS #VAT #ValueAddedTax #efiling #VATMistakes

***EXCLUSIVE OFFER – CLOUD ACCOUNTING & PAYROLL SOFTWARE SUPPORT*** If you are new to cloud accounting & payroll software, need assistance to set up your profile or encountered a problem and need some assistance, we have great news for you! Help is just a few clicks away! You can now sign up for a monthly software support retainer from as little as R 1500 p/m! This is ideal if you are a start-up or small business who prefers to perform bookkeeping and payroll functions in-house. The retainer will include remote support for setting-up, maintaining, processing, troubleshooting, etc. within your Xero, Sage, Quickbooks Online and Simple Pay software. If you are not a cloud software user yet, contact us today to find how we can help you migrate your data to the cloud. ***Terms and conditions apply. To ensure high levels of support, we are only offering a few limited spaces. Contact us today to avoid disappointment.*** www.pinnacleconsult.co.za #SaveTime #SaveMoney #Sage #Quickbooks #SimplePay #Xero #RemoteSupport #SoftwareSupport #DataMigrations

PAYE DEADLINE - DECEMBER PAYROLL Remember to submit your EMP201 and make payment to SARS by 06/01/2025 to avoid penalties and interest. Need help to submit or calculate your liability? Contact us @ www.pinnacleconsult.co.za #SARS #eFiling #Tax #PAYE #PayrollTax #UIF

We offer a full suit of payroll, bookkeeping and tax services to small and medium business across South Africa starting from as little as R 675 p/m. Services offerings can be combined, omitted, scaled and tailored to meet your specific business requirements For more information on the services available and how we improve your business operations, contact us @ www.pinnacleconsult.co.za. #Tax #Bookkeeping #Payroll #SME #StatutoryCompliance #Registrations #SecretarialServices #Training #DataMigrations #Budget #CashFlow #FinancialStatements #TaxCompliance

Happy New Year!

If you have not submitted your income tax return for 2024 yet, we recommend submission as soon as possible to avoid/limit late submission penalties. If you received an auto assessment, you have until 20 January to submit a revised return, but only if you are a provisional taxpayer. If you received an auto assessment and missed the deadline to submit a revised return, contact us for assistance @ www.pinnacleconsult.co.za. #IncomeTax #FilingSeason #SARS #AutoAssessment #efiling #sarsmobiapp #Tax #PersonalTax

Pinnacle Business Consulting is a 100% women owned enterprise, specialising in working with small and medium sized businesses in South Africa. We understand and address your fears and frustrations as small business owners. We help you to plan better and reach your goals faster. We assist you to remain compliant. Contact us today to find out how we can make business better for you. www.pinnacleconsult.co.za #ForWomen #ByWomen #WomenOwnedBusiness #ProudlySouthAfricanBusiness #SME #VirtualAccountant #TaxPractitioner #BusinessAdvisor #BusinessMentor #Level4EME

Happy Holidays - Merry Christmas

VAT DEADLINE For entities with a VAT cycle ending 30/11/2024, the deadline for submission & payment to SARS is 24/12/2024. SARS has been implementing penalties for payment received after the 25th, even for submissions filed via efiling. Don't delay; submit your return and pay on time to avoid penalties and interest. Need help calculating your liability or submitting your return? Contact us @ www.pinnacleconsult.co.za. #SARS #VAT #TaxReturn #eFiling #Tax #ValueAddedTax #TaxCompliance

Purpose: The main objective of the COID Act is to provide compensation in the event of disability caused by occupational injuries or diseases sustained or contracted by employees, or for death resulting from injuries or diseases. Obligation: An employer becomes obligated to register with the fund within seven (7) days after the day on which he/she employs his/her first employee, whether permanent or part-time. Sole proprietors, partners or a non-working director are not considered employees in terms of the Act. The definition of employee includes: permanent employees, domestic workers, apprentices/trainees/learners and workers paid by a labour agency. Need help registering? Contact us @ www.pinnacleconsult.co.za #COIDA #CompensationFund #InjuryOnDuty #Compensation