Year-End Financials & Company Tax

Enquire today about our Year-End Financials & Company Tax

Annual Financial Statements & Company Tax (ITR14) – Cape Town

Clean, compliant year‑end financials and company tax don’t have to be stressful. We prepare your Annual Financial Statements (AFS) and company ITR14 from start to finish – tying out your numbers, filing with SARS, and giving you a clear pack you can share with banks, shareholders and your own management team. Cape Town‑based, cloud‑driven and on top of deadlines.

Why your year‑end financials and final tax matter

Your Annual Financial Statements show the financial health of your company. Banks, investors and shareholders use them to decide on loans, overdrafts and future support. SARS then relies on your AFS to calculate and assess company income tax through the ITR14 and ITA34. When financial statements and tax returns are aligned, you avoid penalties, reduce queries from SARS and get a clear view of how your business actually performed.

Annual Financial Statements (AFS)

We prepare your Annual Financial Statements under the correct accounting framework, tie out all balances and deliver a signed, professional report pack you can submit to banks, investors, CIPC and SARS. Our focus is on IFRS for SMEs, with full IFRS where required.

IFRS for SMEs (or full IFRS) – applied correctly for your company size and structure.
Compilation or Independent Review – we advise using your Public Interest Score (PIS) and Memorandum of Incorporation (MOI).
Year‑end tie‑outs: bank accounts, debtors and creditors, VAT, PAYE and fixed assets.
Signed AFS (PDF) plus working‑paper archive on request for auditors or future due diligence.
One‑page management summary with key ratios, trends and comments in plain language.

Not sure if you need an audit, independent review or compilation?

Company Tax (ITR14 & ITA34)

Once the year‑end financial statements are final, we calculate company income tax and prepare the ITR14. We then submit your return on eFiling, respond to SARS and check the ITA34 (tax assessment) so that everything agrees to your AFS.

Corporate tax computation from your AFS (allowances, wear‑and‑tear, assessed losses, Small Business Corporation (SBC) relief, deferred tax).
Preparation and eFiling of the company ITR14, including the necessary schedules and reconciliations.
Handling SARS verification requests – we upload supporting documents and deal with the follow‑up queries.
Detailed review of your ITA34 against the ITR14 and AFS so that nothing is missed.
Year‑ahead tax calendar with key dates for provisional tax and company tax deadlines.

Ready to finalise your ITR14 and ITA34 properly?

Our 6‑step year‑end & ITR14 process

We follow a simple, structured process so that nothing falls through the cracks:

Kick‑off & checklist (20–40 minutes) – understand your business, year‑end date and any special issues.
Data & tie‑outs – bank, general ledger, customers and suppliers, payroll and fixed assets are reconciled.
Draft AFS – we prepare and send you draft Annual Financial Statements in IFRS for SMEs format.
Tax computation – company income tax is calculated from the AFS, with SBC and deferred tax handled correctly.
eFile ITR14 – we file your ITR14 on SARS eFiling with all supporting schedules ready for verification.
Assessment & close‑out – we review the ITA34, resolve outstanding SARS queries and issue your year‑end pack.

Prefer to talk it through?

What we need from you

To deliver fast, accurate Annual Financial Statements and company tax returns, we ask for a small set of documents upfront:

Year‑end trial balance and read‑only general ledger access from your accounting system (Xero, Sage Business Cloud, QuickBooks, Pastel, etc.).
Bank statements for the year and bank reconciliations.
Debtors and creditors age analyses at year‑end.
Fixed‑asset register and documents for new asset purchases and disposals.
Loan agreements and schedules for shareholder and third‑party loans.
Prior year AFS and ITA34 (if available), plus VAT, PAYE and provisional tax submissions for the year.

You can email or WhatsApp these documents securely – we’ll tell you exactly what’s missing and what to prioritise.

Who we help

We focus on owner‑managed South African companies that need reliable, cloud‑driven year‑end support:

(Pty) Ltd companies and close corporations (CCs) in the SME sector.
Businesses using Xero, Sage Business Cloud and QuickBooks Online – with Pastel legacy data supported.
Dormant or low‑activity entities that still need to submit AFS and ITR14 to stay compliant.
Non‑profits and associations needing financial statements under IFRS or IFRS for SMEs.

If you recognise your business in this list, don’t wait for the next SARS letter.

Why Cape Town SMEs choose Smarter Accounting

We combine cloud technology with decades of local experience on South African accounting software and SARS processes.

No last‑minute panic – we plan your year‑end and provisional tax well ahead of the deadlines.
Cleaner records and fewer penalties – issues are identified and surfaced proactively.
Tool‑driven workflow – we use cloud accounting and structured checklists instead of ad‑hoc spreadsheets.
35+ years’ experience on Pastel, Xero, Sage and QuickBooks in the South African environment.
Straight talk – we explain your Annual Financial Statements and tax in plain English, not jargon.

WhatsApp our Cape Town team now to discuss your year‑end

FAQs – Year‑end financials & company tax

Do I need an audit, an independent review, or just a compilation?

We calculate your Public Interest Score (PIS) and review your MOI. Based on that, we confirm whether you need an audit, an independent review or only a compilation of Annual Financial Statements.

When is my ITR14 company tax return due?

Your ITR14 is due after your financial year‑end, with specific SARS deadlines depending on your company profile. We schedule the dates for you and file on time so you avoid penalties.

What happens if SARS verifies my ITR14?

SARS may request supporting documents after you file. We prepare and upload the required documentation and handle the back‑and‑forth with SARS until the verification is finalised.

Can you help if my company is behind on returns?

Yes. We can help catch up outstanding Annual Financial Statements, ITR14 returns and provisional tax so that your company is regularised and penalty exposure is reduced.

Do you also handle CIPC annual returns?

Yes. CIPC annual returns are separate from SARS tax returns, and we can handle both as part of your compliance calendar.

Ready to sort out your year‑end?

We serve Cape Town and surrounds – Southern Suburbs (Tokai, Constantia, Wynberg), City Bowl, Northern Suburbs, Atlantic Seaboard, West Coast, Deep South and Helderberg.

If you’re a Cape Town SME and you want your Annual Financial Statements, ITR14 and ITA34 handled properly, without last‑minute panic or SARS surprises, take the next step now: