We find ourselves in tax filing season, many questions asked about who got the highest refund, who received their refund in the quickest time and what is a trusted tax practitioner? Truth be told, we all fall under the same rules when it comes to SARS. If your Tax Practitioner is promising you something that sounds to good to be true, it might just be.
With the technological time we are in, we are facing a higher risk of overstatement of returns, unethical billing and not really knowing the Professional who represents you.
It is important to remember that the responsibility of your tax affairs remains with the taxpayer, if a misrepresentation of your tax declaration is made and you are imposed with penalties it will be your responsibility.
Tax Practitioners are expected to conduct themselves competently and objectively within the law, they must adhere to certain requirements set out by The South African Revenue Services and their Professional Body. There are many resources made available to ensure that the person you trust with your tax submissions can be checked and verified. A Tax Practitioner must be registered as one with SARS, with a Recognised Controlling Body and they must be in good standing with both.
A few questions to ask your Tax Practitioner:
- With which Recognised Controlling Body are you registered?
- May I have your Practitioner Number and check your Tax Compliance Status?
- Can we book a in person meeting?
A Tax Practitioner plays a vital role in your tax compliance – Ensure that you place your trust and tax matters in the right hands, and choose CTV & Associates.
Sources:
- https://www.iol.co.za/personal-finance/financial-planning/tax-practitioner-compliance-a-puzzle-ecbcb3a7-5b15-4dfc-8de5-b5cbcf966300
- TaxTalk magazine by the South African Institute of Taxation
- Chapter 18 of Tax Administration Act
GET IN TOUCH
