Year-End vs Tax Year-End: What 28 February Means for Your Small Business

Now that Valentine’s Day has come and gone, it’s time to focus on 28 February, the end of the tax year. For some small businesses, this is also the financial year-end, making it an important milestone for both tax and financial reporting.

Your financial year-end is the date you selected when registering your company with CIPC. Your tax year-end is 28 February, as determined by the Commissioner of SARS.

To make things easier, I share a practical checklist with simple, actionable tips to help you wrap up your accounts, plan tax payments, and review compliance. If your year-end is different, you can still use this guide to focus on the tax-related tasks now and tackle the rest later.

This is general guidance and it is advisable to get professional advice tailored to your circumstances.

If you would like to get further guidance, don’t hesitate to book your first free 30 minutes consultation with me. Get in touch via WhatsApp on 060 4425 588 or send an email to info@mpondoconsulting.co.za.