VAT is not a simple tax.
In certain circumstances it can be an extremely complex tax with many pitfalls to catch the unwary. And the cost of getting it wrong could be massive.
Not only could you end up paying over VAT to SARS that you did not know was payable and have not collected from customers, but you could be hit with penalties and interest on these amounts as well.
The process of VAT registration has also become enormously frustrating as SARS seeks to combat VAT fraud. If you are undertaking a new project then we can help you ensure that you avoid VAT pitfalls. We can work with you from the start to ensure that the project is implemented in the most VAT efficient manner.
We understand that whatever the size of your business there are VAT issues requiring guidance, in addition to preparing and submitting your VAT returns. We are also able to assist with SARS disputes and VAT audits.
Contact us if we can be of assistance in your VAT accounting.