SARS ETI claims can bring with it a whole world of issues if not calculated correctly.
Does you company claim ETI? Do you know how much less PAYE you can pay by simply playing by SARS’s rules? That’s if you know what all the criteria and validations are. Not an easy task on a good day if you don’t posses the right knowledge and experience.
We have identified that ETI will become a must have for certain industries and in most companies, you cannot afford to not be claiming ETI. This tax break is very beneficial to your own business as well as the well being of your employees. We aren’t evening mentioning the cash-flow benefit if you have large staff compliment.
That being said. Large quantities of companies got wind of ETI with its inception and are now sitting with major SARS ETI audits and claims that have simply been reversed on the EMPSA (Statement of Account). The simple fact of the matter is that these companies were not compliant to the rules as set out by SARS when claiming ETI.
Simply claiming ETI with the incorrect foundation can become very costly and a big burden on your company. Where you should have had the tax relief, you are now paying more in the form of interest and penalties. Sorting it out brings with it more costs.
We have expert knowledge on this tax relief and will you manage the claims and also set the foundation moving forward to make the process a simple and easy one.
We can Help you! Contact us Today.