SW Accountants

Tax Reference numbers will now be mandatory for Employer Submissions!

From February 2026, employers must provide valid Income Tax Reference Numbers for employees in PAYE reconciliations. This is now a strict compliance requirement under section 67 of the Income Tax Act.

More info: https://bit.ly/43So3I9

Just got a cryptic SMS from SARS about “auto-assessment“? Relax, you’re not in trouble. This is actually good news! SARS is streamlining things with a new system that could save you time on your taxes. But before you hit snooze forever, here’s what you need to know.

What’s the Deal with Auto-Assessment?

SARS is using info from your employer, bank, and other sources to pre-fill your tax return. Think of it as a helping hand to get you started. If everything looks good, you can simply accept the auto-assessment and be done! No more scrambling for receipts.

Is This Right for Me?

Auto-assessment is great for many South Africans, especially those with straightforward finances. However, if you have deductions, claimed medical expenses, or run a side hustle, you might need to review the details more closely.

Why Use an Accountant?

Auto-assessments might miss deductions you’re entitled to, like medical expenses or charitable donations. We’ll ensure you get the maximum refund (if any!) and avoid any potential tax surprises.

Here’s How We Help:

• Review your Auto-Assessment: We’ll double-check the pre-filled info and make sure it’s accurate.

• Maximize Deductions: We’ll uncover any deductions you might have missed, saving you money.

• Peace of Mind: Relax, knowing your tax return is in expert hands.

Don’t Go It Alone!

Auto-assessment might seem simple, but tax laws can be tricky. Let us handle the heavy lifting and ensure you get the best possible outcome.

Contact us today for a free consultation!

P.S. Remember, the deadline to review and submit (if needed) is October 20st, 2025. Don’t miss out!

Still Unsure? No sweat! you can consult our registered tax practitioners for personalized advice.

So, there you have it! Auto-assessment can be a breeze for many South Africans. Just be sure to review the details and take action if needed. Now go forth and conquer tax season!

Reason why Companies and CC's must submit Beneficial Ownership Declarations to CIPC

Contact us for assistance if you have registered a Business and never submitted any returns.

Your Company will be deregistered if you are non-compliant and there would be penalties at CIPC and could be at Sars for non-submission of returns.

Media Release: Tax Filing Season opens on 7 July to 20 October 2025

SARS is pleased to announce the official start of the 2025 Filing Season, effective from 07 July 2025 to 20 October 2025. This season marks an important period where income tax returns of the majority of taxpayers are automatically assessed. The category of taxpayers who are automatically assessed will receive notification from SARS from 7 to 20 July 2025 ... https://bit.ly/3T1YXQW

Budget 2025