Johannesburg – Due to unpaid taxes, Trevor Noah’s mother is in the sights of the South African Revenue Service (Sars).

According to City Press, the mother of Daily Show presenter Patricia Noah is supposedly R24 million in debt, and Sars has reportedly issued a last letter of demand to the businesswoman in an effort to recover the delinquent payments.

 

Patricia, who operates the real estate company PN Noah Estates, risks having part of her assets seized and sold by Sars to cover the debt if she is unable to make the required payment by the deadline.

According to the South African Revenue Service’s records, you have not paid your tax debt for one or more tax years and/or tax periods.

Within 10 business days from the date of this demand letter, you may apply for any of the following remedies: payment instalments if you are unable to pay the full amount; “Suspension of the debt if you intend to submit or have submitted a formal dispute; compromise of a portion of the tax if this will provide a higher return to the fiscus than liquidation, sequestration, or other collection measures,” City Press stated.

As deadlines approach, entrepreneurs are frequently unable to meet their tax obligations due to a lack of resources.

Employers deduct taxes from the salaries of salaried employees and remit them to the South African Revenue Service (SARS), satisfying their tax obligations.

Self-employed individuals receive their income tax-free before it reaches their bank accounts, leaving them responsible for paying SARS.

 
 

Entrepreneurs can find themselves in Patricia Noah’s perilous situation if they fail to fulfill their tax responsibilities.

Quentin Daniel, head of finance at the provider of short-term business capital, Lulalend, offers advice on how SMBs can meet their tax responsibilities.

 

The first step in efficiently managing your tax concerns, according to Daniel, is to organize your financial documents.

While the administrative process may be hard and time-consuming, it will save you time during tax season. You will have a clear knowledge of the financial status of your firm if you maintain precise records.