Alchemy Financial Services – Alchemy Financial Services Inc

Alchemy Financial Services Tax Department

Importance of why we need to keep accounting records.

TimothyGrieselAugust 1, 2022

By Faadhilah Farouk The textbook answer to this is to aid in the progress of the business. Traditionally, a good accounting record monitors improvements and drastic changes in the business. Another reason to have a good accounting record would be to prepare precise financial statements – which generally comprise an...

Alchemy Financial Services Tax Department

Tax Filing Season 2022!

TimothyGrieselJune 22, 2022

Did you know that a significant number of individual taxpayers will be 'Auto Assessed' again this year. What does this mean? ‘Auto Assessed’ means that SARS will submit a taxpayers return on their behalf if they have a basic tax return. This will be a tax return that has something as...

Alchemy Financial Services Company Secretarial Services

ARE YOU COVERED IF YOUR EMPLOYEE’S ARE INJURED ON DUTY?

TimothyGrieselMay 19, 2022May 19, 2022

All employers who employ one or more persons in connection with their business are required to register and pay annual assessments to the Compensation Fund. If an employee has been injured in the workplace or as a result of a working condition, a claim can be filed with the Compensation...

Alchemy Financial Services Tax Department

SARS Admin Penalties: What You Need To Know!

TimothyGrieselMay 16, 2022May 16, 2022

An Administrative Penalty (Admin Penalty) is a penalty levied under Section 210 of the Tax Administration Act (TAA). As at the 1st December 2021 SARS can raise penalties on late submission of tax returns. Currently the penalty is imposed in respect of the following: For individuals the penalty will be imposed where the...

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