Started a small pty almost a year back but never filled out a IT77 please help

[riaan199]

Hi im 23 and started a small company at the start of the year and still struggling but its getting better.

Thing is i just registers the company its a pty ltd but its just me don't have any staff im working from home and i do my own accounting. but i just read i had to full in a IT77 60 days after i started. my income is extremely low im still living with my parents and i wont even be able to rent my own place.
can someone please give me some advice as what my steps should be this is way more complicated than i ever though it would be and im scared i may have made a big mistake everything is so complicated
Thank you

 

[Arthur]

Congrats on setting up your own company.

My recommendation is contact an accountant and get them to sort out all your registrations.

Also, make sure your tax registrations are also correct and up to date - you don't want to fall foul of SARS.

 

[creeper]

Get an accountant to sort out the tax.

For a Pty ltd, this is what needs to happen:

1. IT77c form to register as a taxpayer (the company I mean). You will need FICA documents and a stamped bank statement of the company's bank statements.
2. EMP101 if you want to have your company pay you a salary. This include UIF, PAYE and SDL. Same docs if I recall correctly.
3. Another form to state the home and work address is the same.

Remember that you will also need to register as a normal taxpayer if not done yet. Especially if you want to get a salary from your company.

The reason I know this is the fact that my wife and I are going through the same process.

 

[riaan199]

Thank you for all the help way don't they just list it like that without making everything look so complicated