Kingco Accounting

03/06/2026

02/06/2026

When a new Pty Ltd company is registered in South Africa, there are several compliance items that may need attention:
Immediately After Registration
✅ Appoint and record the director(s)
✅ Register a Public Officer with SARS (within 1 month of starting business)
✅ Open a business bank account
✅ Obtain a tax number (usually issued automatically by SARS when CIPC registers the company)
SARS Registrations (if applicable)
✅ Income Tax – mandatory for all companies
✅ VAT Registration – Compulsory if taxable turnover exceeds R2.3 million in any 12-month period. Voluntary registration may be available from R120,000 turnover.
✅ PAYE/UIF/SDL – if employing staff

CIPC Compliance
✅ Beneficial Ownership Declaration (must be submitted after incorporation and kept up to date)
✅ Annual Return (or Annual Duty from 2024 onwards) submitted each year to keep the company active
Other Registrations (if applicable)
✅ COIDA (Compensation Fund) if employing staff
✅ Industry-specific licences or registrations depending on the business activity

Ongoing Annual Requirements
✅ Annual Financial Statements
✅ Company Income Tax Return (ITR14)
✅ Provisional Tax Returns (IRP6) if applicable
✅ VAT Returns (if VAT registered)
✅ EMP201 and EMP501 submissions (if registered for PAYE)

Don't wait until penalties and compliance issues arise. Staying compliant from the start saves time, money, and stress.

📞 Need help with company registrations, SARS registrations, VAT, payroll, bookkeeping, or annual compliance?
Kingco Accounting can help.

26/05/2026

COIDA Reminder

The June 2026 deadline is approaching. Start getting your COIDA / Workman’s Compensation submissions ready now to avoid delays and penalties.
Keeping your COIDA up to date can help you:
✔ Obtain a Letter of Good Standing / COIDA certificate
✔ Qualify for projects and tenders
✔ Meet safety file requirements on sites
✔ Avoid unnecessary compliance issues
Don’t wait for last-minute problems. Get your documents prepared early and stay compliant.

15/05/2026

Your future is being built by the things you do repeatedly — not the things you plan repeatedly.
Finish the week strong.
Someone else is already using today to get ahead.

05/05/2026

EMP501 Filing Season is Now Open
Employers, it’s time to reconcile your payroll submissions with SARS.
The EMP501 filing season is officially open, and all employers are required to submit their reconciliation declarations, including IRP5/IT3(a) certificates, within the deadline period.
Ensure that:
All PAYE, UIF, and SDL submissions are accurate and up to date
Employee information is correct
Monthly declarations match your payroll records
Avoid penalties and unnecessary stress by submitting early and making sure everything balances correctly.
If you need assistance with your EMP501 submission or payroll reconciliation, Kingco Accounting is here to help.
Contact us today to stay compliant and stress-free.

20/04/2026

SARS 3.0 is here. And it’s not coming slowly.

We’re in a new era where your financial data tells a story before you even submit your return.

-Bank transactions are cross-checked
-Income vs lifestyle is compared
-Red flags are picked up instantly

This means one thing:
👉 There’s no more “I’ll fix it later”
Even small errors can trigger reviews, delays, or penalties.
The smart move? Stay compliant from the start.

If you’re unsure about your tax situation, now is the time to get it right — not when SARS comes knocking.

📩 Need help? Let’s sort it out before it becomes a problem.

16/04/2026

The Hidden Cost of Waiting

Most people don’t realize this…
Putting off your taxes or bookkeeping doesn’t just “delay” things

It usually makes everything more expensive later.
Penalties grow.
Mistakes pile up.
Stress increases.
And suddenly, something small turns into a big problem.
Staying on top of your finances isn’t about being perfect —
it’s about being consistent.
Even small steps now can save you a lot later.

🔥Roodepoort, Gauteng
📞081 395 1525
📧[email protected]
🌐https://www.kingcoaccounting.com/

03/04/2026

Easter is a time of renewal and fresh starts.
We wish all our clients and partners a wonderful Easter filled with hope, joy, and prosperity. Thank you for being part of our journey.
Happy Easter to you and your family.