Auto Assessment Actualities: Act Acquainted. Act Attentive. Act Alert. Act Auspicious.

"Reality is merely an illusion, albeit a very persistent one." - Albert Einstein.

As the SA 2023 Parallelogram Filing Season is in full swing, SARS once again sent out SMS and e-mail notifications to all taxpayers who have been Auto Assessed. These taxpayers have been selected to be Auto Assessed because SARS is under the impression that they have collected All Available third-party data about your taxes. (from employers, medical aid funds, retirement funds, etcetera)

What you need to know about Auto Assessments for the 2023 Filing Season:

• Auto Assessment Actualities:
  • If you accept the Auto Assessment, you do not need to submit a tax return. 
  • To indicate to SARS that you accept the Auto Assessment as being correct, you do not have to do anything. You do Absolutely nothing. 
  • If you are not in agreement you need to edit the return and file with correct information.
  • The deadline for this is 23 October 2023.

Altogether Accomplishable, not so? Although Actuality is merely an Apparition.

• Act Acquainted
  • Not all third-party data has been pre-populated AT ALL on all Auto Assessments. This has been established, a known fact. 
  • Not all third-party data has been pre-populated CORRECTLY on all Auto Assessments. Also known fact. 
  • Are you Assured that SARS has ALL your third-party data, pre-populated CORRECTLY on your Auto Assessment?
    
    
• Act Attentive
  • SARS doesn't know about all your Authentic, Authorised Abatements that you qualify for. How would they know?
  • If you do not Affirm that your medical aid savings ran out and so you could claim for medical expenses you paid cash, you must Apprise SARS About it!
  • If your employer requires you to work from home for more than 50% of your time, and certain conditions Apply, you must Apprise SARS About it!
  • Act Attentive by not merely Accepting the Auto Assessment, Alternatively this will just be to your own disadvantage, resulting you to be overtaxed!
    
    
• Act Alert
  • By doing Absolutely nothing, and therefore Accepting your Auto Assessment as being Accurate, SARS has made it Apparent that you are not Absolved from penalties or legal action. 
  • You, the taxpayer will be held Accountable for up to 200% penalties plus interest for non-declaration of income. You, the taxpayer, will not be exempt from legal action by SARS, if you did Absolutely nothing, therefore Accepting the Auto Assessment, and the Actuality is not Accurate.
  • Act Alert, by not merely Accepting the Auto Assessment.
    
    

• Act Auspicious
  • Act by Assuring Accuracy of your Auto Assessment.
  • For your Polygon to be a true Parallelogram, the opposite sides and Angles needs to be congruent, the consecutive Angles needs to be supplementary, the diagonals needs to bisect each other, the diagonals needs to separate your polygon into two congruent triangles.
  • Contact us for Crystal Clear Clarity.

Ready-Steady-Go! Go! Go!