Stupid oversight now worried.

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  • Dave1
    New Member
    • Nov 2009
    • 4

    #1

    [Question] Stupid oversight now worried.

    Hi

    I was going through some documents today and discovered 4 invoices to a CC company for services rendered. This is dated for 2006.
    At the time I did the work and traded under a company name but it was just me doing some work after hours. The plan was that I would have registered as a sole proprietor and go on from there.
    I only did the 6 jobs for the same company and then decided to not go into business. The amount was roughly R22 000.
    At the end of that year I filed my returns.

    Now for my problem.
    I can't for the life of me remember if I declared those 4 amounts on my return form. This was before eFiling so I can't check my records.

    3 questions.
    1.) Can I find out if I had filed this somehow?
    2.) What do I do if it turns out that I forgot?
    3.) What penalties do I face if it turns out I didn't file these?

    I seriously hope I can stop at question 1.) and I actually did the returns.

    I know this was a stupid oversight on my part but I'm really worried.
  • wynn
    Diamond Member

    • Oct 2006
    • 3338

    #2
    Wait another two years and it won't matter anyway.

    Seriously if they havn't picked it up yet it seems unlikely they will. but if it is your concience bothering you I can't offer advice on what you must do.

    Strictly speaking if you ask advice from an accountant he is duty bound to report the fact.
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

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    Comment

    • Dave A
      Site Caretaker

      • May 2006
      • 22805

      #3
      I don't disagree with Wynn. But for the record
      Originally posted by Dave1
      1.) Can I find out if I had filed this somehow?
      You could ask for a historical statement of your assessed taxes and payments made - then request the detail of a specific return.
      Originally posted by Dave1
      2.) What do I do if it turns out that I forgot?
      You could re-open the affected year of assessment. This is a PITA.
      Originally posted by Dave1
      3.) What penalties do I face if it turns out I didn't file these?
      Not sure, (about 10% penalty + interest until paid at a guess), but you could ask/beg for leniency on the basis it was an oversight and you volunteered the info (as opposed to being caught out in an audit).
      Participation is voluntary.

      Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services

      Comment

      • Dave1
        New Member
        • Nov 2009
        • 4

        #4
        Thanks a bunch for the advise.

        Comment

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