Avoid Hefty SARS Penalties – Deadline 28 February 2025!

SARS is cracking down on overdue Corporate Income Tax returns, with penalties outlined under Section 211 of the Tax Administration Act:

Administrative penalties from R250 to R16,000 per month, based on turnover.
Late submission penalties of 10% of taxable income for Corporate Income Tax.

If your entity has a February year-end, don’t wait until it’s too late! Let JHCO Financial Services assist you by compiling your Annual Financial Statements and submitting your Corporate Income Tax returns before the deadline.

Ensure compliance today! Contact us now to avoid unnecessary stress and hefty penalties.

© DotNews. The information herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your prefessional advisor for specific and detailed advice.

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2025 Budget Speech 2.0 | How it affects you and your business

Finance Minister Enoch Godongwana’s 2025 Budget proposes several key tax and fiscal changes that will directly impact individuals and businesses. The most notable change is the phased increase in VAT,

March 13, 2025

Your Tax Deadlines for March 2025

07 March – PAYE submissions and payments 25 March – VAT manual submissions and payments 28 March – Excise duty payments 31 March – End of the 2023/24 Financial year,

March 4, 2025

Disagree with SARS? Here’s How we Can Assist You

If you don’t agree with an assessment from SARS, swift action and careful management of the dispute process will maximise your chances of a favourable outcome. This is because various

March 4, 2025

Partners and Associations

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Testimonials

It is my pleasure to recommend the services of JHCO (J Hamel & Co.) During the past 6 years Johann and his highly qualified team have taken care of all our financial needs. I have been very impressed with their professionalism, great attitude, and willingness to assist where they can. I especially appreciate their organisation skills and ability to follow up so we do not miss any deadlines. We continue to receive great service from JHCO and benefit from their timely advice and expertise.

JHCO has been performing all tax related responsibilities for myself, my wife and the family trust for years. This has included once off advice/consulting as required. Initially, contact was in person in Johannesburg and now since our move to the Cape, it is entirely on line. Communication is always prompt and relevant and work is performed correctly! This is a true reflection of the service provided by the firm.

The service that we have received from the staff at JHCO is nothing short of AMAZING. They are knowledgeable, proactive, professional AND super-efficient. They are an asset to your company!!!

I must thank Amanda for the manner in which she assisted me with changing the member shares It was a pleasure dealing with her. Please thank Johann for his assistance and pass on my best regards to him and the family.

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JHCO assists companies to be sustainable and grow into the future. We are passionate about business and realised the positive impact fintech can have on startups, growing and maturing businesses.