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1

Know What SARS Expects From Your Business

As an SME, your business is responsible for:

  • VAT submissions and payments
  • PAYE, UIF & SDL submissions for staff
  • Provisional tax returns
  • Annual company tax returns
  • Tax clearance certificates
  • Keeping accurate records for at least 5 years

📌 Tip: Even small businesses often fall into multiple SARS categories. Make sure you’re registered correctly for each one.

2

Understand the Main SARS Submission Deadlines

Tax Type Submission Frequency
VAT201 Monthly or bi-monthly
PAYE (EMP201) Monthly
EMP501 Reconciliation Bi-annually
Provisional Tax (IRP6) Twice a year
Company Tax Return (ITR14) Annually
Tax Clearance Updates Ongoing

📌 Tip: SARS doesn’t accept “I forgot” — penalties start immediately if deadlines are missed.

3

Keep Supporting Records Organised

For every submission, you need supporting documents ready to back up your numbers if SARS ever queries them.

Key supporting documents include:

  • Sales invoices & receipts
  • Supplier invoices & expense claims
  • Bank statements
  • Payroll records
  • Asset purchase records
  • Loan agreements
  • SARS submission confirmations

📌 Tip: Cloud accounting systems like Xero make record-keeping much easier — especially when paired with Bletchleys managing your accounts.

4

Don’t Guess SARS Rules — They Change

Tax law isn’t static. SARS regularly updates:

  • VAT claim rules
  • PAYE calculations
  • Allowable deductions
  • Verification processes

Trying to self-manage SARS compliance without staying updated is risky. What worked 2 years ago may now result in penalties or audits.

📌 Tip: That’s why SME directors outsource this part — Bletchleys monitors every rule change so you don’t have to.

5

SARS Loves Accuracy, Not Estimations

SARS systems now cross-check submissions automatically across:

  • VAT, PAYE, and Income Tax
  • Your bank statements
  • Supplier declarations
  • Third-party data (like banks and CIPC)

Small errors easily trigger verifications, audits, or penalties.

📌 Tip: Submitting on time is critical — but submitting accurately matters even more.

6

Get Ahead of SARS — Not Behind

The businesses that stay SARS-compliant aren’t scrambling at the last minute. They have:

  • A system for keeping accounts up to date monthly
  • Automated reminders for submission dates
  • Professional oversight on all returns
  • Consistent, accurate reporting

📌 Tip: Bletchleys clients are always prepared — because compliance is built into our ongoing service, not handled in a last-minute rush.

Tired of worrying about SARS deadlines?
Contact Bletchleys today and let us take SARS compliance completely off your plate.

Contact us today for a free consultation.

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