A financial calendar? What is that, you say? The answer is a simple one: a financial calendar is just a year planner that details all the deadline dates for the various submissions to SARS, CIPC and other compliance agencies. Keeping track of all these alleviates the last minute stress and panic we see on a lot of business owners faces when we talk about these things and will also help eliminate those unnecessary fines you have to pay for overdue returns.

So here are a few dates to remember and add to your financial calendar for this year.

1. Next week 28^th is the deadline for the provisional tax returns and payments for both companies and provisional taxpayers
2. This is due again at the end of August.
3. Monthly PAYE and UIF
4. The deadline for your annual CIPC submission is in the date month that your business was registered. Find your CK1 document and add this to your diary.
5. If you are VAT registered you will fall in either the ODD or EVEN month’s returns. This will require you to return your 2 months submissions every second month together with payment by the end of the month.
6. Your workman’s compensation recon is due in May

Add additional items such as your vehicle’s licence renewal, any annual organisational membership or professional bodies and any trade or industry organisation fees.

All these once planned and added to your budget will give you a sense of ease that will not lead to panic, late payments and penalties.

Of course, if you have us doing your accounting for you, we take care of all these items for you and just let you know when we need what from you and how much to pay whom. For more on our accounting service go HERE.