We found a list of acronyms and accounting terms commonly used by Tax Consultants and Accounting Professionals. Feel free to refer back to this page whenever you need to.
On Friday, 31 July 2020, SARS released a batch of SMSs to taxpayers stating that an ‘auto-assessment’ had been issued. The outcome of the assessment was provided in the SMS and the taxpayer was directed to eFiling or the SARS MobiApp to accept or edit the ‘auto-assessment’.
More than one million taxpayers have already been alerted by the South African Revenue Service (Sars) that they have been auto-assessed for the 2020 tax year. Sars has used third party data to pre-populate these taxpayers’ returns.
SARS recently announced the relevant dates in respect of the 2020 filing season for individuals. There are some significant procedural changes this year, most noteworthy of which is the new auto-assessment procedure for non-provisional taxpayers.
WJ Mitchell and Associates had a mid-year praise and awards function on Friday 3 July at the WJ offices. The event is to celebrate and give credit where it is due to members of staff for hard work and excellence.
