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These are some of the frequently asked questions by our clients.
- Who is suppose to pay Tax?People who pay income tax are generally individuals who earn an income (from a salary, commission, fees, etc.).Corporate tax includes tax paid by companies or close corporations, as well as trusts, on their annual income.Most of the State’s income is derived from Income Tax (personal and corporate tax), although nearly a third of total revenue from national government taxes comes from indirect taxes, primarily Value-Added Tax (VAT).
Non-residents
South Africa has a residence-based tax system, which means residents are, subject to certain exclusions, taxed on their worldwide income, irrespective of where their income was earned. By contrast, non-residents are taxed on their income from a South African source.Non-residents pay tax on their income from a South African source. - Why ANF?
Choose ANF Group because:
Our transformation agenda
The ANF Group does not just pay lip service to transformation; it is the brainchild of black South African professionals that believe in transforming the accounting industry in South Africa. 100% of our staff complement is black.
Our proven track record
The ANF Group is a reputable and established auditing and advisory practice with a proven track record. We understand the natural tension between promises and deliverables between the Parties and the serious consequences of non-performance as measured against contractually agreed standards & specifications.
Our people have a proven track record and ability to deliver
The ANF Group professionals either hold, or are working towards one or more professional and/or technical certifications, such as:
· Membership of SAICA
· Membership of IRBA
· Membership of IIASA
· Certified Information Systems Auditor (CISA)
· Control Objectives for IT (COBIT)
· Certified Technical Supportors (CIA)
The Seamless Methodology
Because of our knowledge, skills, significant research, rigorous yet flexible methodology and leading edge techniques, we believe that we bring to every project a practical and effective service offering.
- Can ANF compile Statutory Audits?
ANF Professional Services Incorporated (trading as PDB Dondashe Chartered Accountants (SA)) is an IRBA registered entity which provides audit and assurance services to clients in the private and public sectors, anchored within South Africa but also servicing the rest of Africa.
- How to complete you ITR12 returns?
Firstly, to fill in your return you will need the following relevant material handy:
- Your banking particulars
- Your IRP5/IT3(a) certificate(s)
- Certificates [IT3(b)] that you received for any investment income
- Details of medical expenses paid by you and not covered by your medical scheme
- Medical aid certificate for details of medical aid contributions made that do not appear on your IRP5/IT3(a) certificate(s)
- Completed confirmation of diagnosis of disability form (ITR-DD), if applicable
- Information about your retirement annuity contributions
- Details of business travel (if you received a travel allowance or want to claim against a fringe benefit for an employer provided vehicle)
- Information about foreign tax credits withheld
- Financial statements, if applicable e.g. business income
- Any other relevant material relating to income you received or deductions you want to claim.
We will also take you step-by-step through eFiling your ITR12 return.
Top Tip: Even though you will be using the relevant material to fill in your return, you mustn’t send them to SARS. You must keep them safely for a period of five years should SARS require them ask for them in future.
- Do you provide financial training ?
The ANF Group provides SETA accredited training through its business relationship with Reliable Advisory Services (Pty)LTD. One of the entities the merged to form ANF is Reliable Advisory Services had been sub-contracted by the University of Fort Hare and AGT (Pty) Ltd to deliver training. Together with Sabelo Wasa its then director had the following experience:
▪ Provided support to the Eastern Cape Provincial Administration (All Departments) on the following areas:
▪ Identify training needs to facilitate smooth implementation of those re-engineered solutions;
▪ Co-ordinate such training;
▪ Local Government Finance (Consulting and Training).
▪ Training of Councillors and Senior Officials of Umzumbe Municipality on Local Government Legislation;
▪ Training and development of training material on Municipal Finance Management Act for Councillors in KZN;
▪ Training of Senior Managers of eThekwini Metropolitan Municipality on Risk Management;
▪ Training of Mangaung Municipality of Performance Management;
▪ Commissioned by the University of Fort Hare to review the training material for the Municipal Finance Management Act and Integrated Development Plans (IDP);
▪ Delivered training at the University of Fort Hare for Municipal Finance Management Act and IDP for Councillors and Senior Officials of Eastern Cape Municipalities;
▪ Developed training material for AGT on Municipal Finance Management Act and Municipal Budgeting at NQF level 6 for Senior Managers in Municipalities;
▪ Developed training material for AGT to train Councillors from Nigeria on the functioning of Local Government in South Africa;
▪ Commissioned by the Executive Dean of the Faculty of Arts at Tshwane University of Technology to train his faculty leaders on Strategic Planning and Risk Management; - I need to prepare Grap compliant Financial Statements, can you assist
ANF, though its consulting division compiles Grap Compliant AFS to clients.
- Do you provide Internal Audit consultation?
Through its Consulting Division, ANF provides outsourced and co-sourced internal audit services.
- How do I register my company to National treasury Database?
Through ANF Consulting ANF will assist your business register on National Treasury’s Central Supplier Database.
- Will ANF assist with compiling Management Accounts?
ANF group can assist management in compiling strategy linked budgets and compiling regular reports to compare actual results to plans.