Beware!! The SARS Auto Assessment... A Tactic to keep you from your Tax Rebate...

As some of you may be away Mr Kieswetter has implemented the issuing of automated "estimate" assessments and at this point SARS are rolling these out at an alarming rate. Many of you will already have received notifications confirming this.

The focus point of this newsletter is the word "estimated". The reality is SARS do not have all of your data, deductions, and allowable claims at hand and thus these assessments are only estimates. My caution? While some of these estimates may even appear favourable none of these estimates will take into account any additional deductions you may have that legally entitle you to a potential tax rebate and in many cases, even a large rebate than SARS has estimated... At this point, we are currently inundated with clients who have been auto-assessed but frankly have been outright cheated of their right to make deductions that properly take into account their allowable deductions... I cannot wonder if perhaps this was the intended purpose of the auto-estimated assessment in the first place...

Here is a small list of factors that can result in your auto assessment needing to be corrected...

Have you earned any commission for the 2022 Tax Period?

Have you earned any contractor's income for the 2022 Tax period?

Have you earned a travel allowance for the 2022 Tax period?

Do you have any additional medical expenses for the 2022 Tax period?

Have you worked from home over the 2022 Tax period?

Do you have any additional income/loss that needs to be declared? (Rental or trading activities outside of your salaried income)

If we are weary that you may have been auto-assessed incorrectly or just want the peace of mind that SARS has done this accurately we are offering reviews of your profile and these assessments at no additional charge...

Regards,

Carl Luis Olivier t/a WeSpeakAllday

Tax Consultant / Independent Contractor @ AG2G AfriTax (Pty) Ltd

[email protected] // +27 61 157 1071