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We offer a range of services :

• Personal Tax
• Company Tax
• Tax Consulting
• Accounting Services
• Bookkeeping
• PAYE / UIF and payroll
• eFiling
• EMP 501 / EMP 201 submissions
• ITR12 Submissions

My Objective :

I wish to offer a friendly personalized service to my clients. I aim to take the stress and hassle out of submitting tax returns and financial accounts so that my clients can spend more time on what they are good at.

Client Feedback

Mainstay Marquee


"David Smout went above and beyond to understand my financial situation and address my complex tax-related issues. What counts ultimately is that he successfully resolved my tax returns in a timeous, professional manner. I will definitely continue to work with him and would fully encourage others to do the same."

 Dr. J. Oxley-Oxland						09 December 20

"David Smout has worked om my Tax Returns for the last 3 -4 years. The first year he had to 'clean up' approximately 4 or 5 years of previous year’s Tax Returns, which I had not submitted to SARS. David resolutely applied his skills and diligently assisted me to resolve all the issues with SARS. Since then, I have left my Tax Returns and other matters for him to sort with SARS, and I am pleased to say with excellent results. I would have no hesitation to recommend him to handle all your matters with SARS."
Elwyn Harlech-Jones 							09 December 20

"I would like to advise any person who tends to get a headache from trying to complete their tax assessment e file or whatever : let David from Mainstay do it for you. At a very reasonable fee he did mine and will do all my future returns."
 Ian Symington                                                     				28 November 18

"I would like to thank you very much for your services rendered by handling my 2018 SARS tax return in a very professional and timeous way and would not hesitate to call upon you again."
 Helmuth Kopp                                                    				15 November 18

"…David does so all with great pride, excellence, dedication and responsibility. It was therefore no surprise that when I asked him to look after my tax return recently, I found it to be an extremely pleasant, professional, and painless process. Which also so happened to yield a great result for me. I am highly likely to ask David to continue to handle my tax matters ad infinitum, as well as recommend him to all my family and friends, as I have full confidence in his expertise and faith in his abilities."
 Ken Holloway                                                     				14 November 18

"David Smout has been a valuable part of the Cleary Estate Management Team for nearly ten years. Always diligent and loyal, David has been committed to rendering a consistent professional service to the organization. He is a pleasure to work with."
 Hilary Bolton                                                       				26 April 16

"I was very impressed with the immediate assistance I received and the high quality service provided. I will definitely recommend your company to family and friends. Thank you."
 Natalie Johnson                                                  				15 December 15

"I am writing this letter to thank you for the excellent service I received from you. I am grateful to you for persevering against the odds and helping me with my tax situation and as such achieving positive results. You achieved more for me in two weeks than others have in over a year and as such saving me time, money and giving me peace of mind. Also the fact that you kept me informed at all times of the progress you were making was important to me. Thank you again for a job well done."
 Constantino Fotakis                                          				14 December 15

About Mainstay

My background

I studied Purchasing Management for three years and qualified in 1992. After working for two years locally I went overseas to the U.K. where I worked for eight years and gained some valuable financial experience. On returning to South Africa I decided to get more qualified in finance as my degree and experience did not line up. So in 2014 I decided to specialize in Tax and in September 2015 I registered with the South African Institute of Tax Professionals.

Why the name Mainstay  ?

I have enjoyed sailing and yachting for the best part of thirty years. I started sailing at the age of seven and I helped my Dad build our first boat called a Pacer. We then sailed a Halcat catamaran (like a Hobie) for six years. This progressed to yachting and day sailing a Holiday 23 off the Natal coast. Overseas I sailed and raced in a number of small craft in the Thames and in Chichester Harbour. On returning to South Africa my folks had acquired a Sadler 26, which we sailed in Algoa bay for many years. It was out sailing one day that I decided on the name “Mainstay” for my new business. I have signed an agreement with the Stellenbosch Farmers winery not to sell, distribute or promote any liquor under the name "Mainstay", then again that was never my intention in the first place.

What I will need from you to fill out your ITR 12

• Details of your banking particulars
• Employee Tax Certificate - IRP5
• Retirement Annuity Fund Contributions - IT3(f)
• Certificates that you received in respect of investment income /            Dividends - IT3(a)           
• Details of medical expenses incurred and not claimed through a               Medical  Aid - IT3(b)       
• Details of Medical Aid monthly payments and number of members
• Information relating to retirement annuity contributions
• Details of business travel (if you received a travel allowance)
• Information relating to capital gain transactions
• Financial statements, if applicable e.g. business income
• Any other documentation relating to income you received or                       deductions you want to claim. Expenses "incurred in the production      of income"
• Details of donations to charitable or Public Benefit Organisations -              Section 18(A)

Important Dates

• 23-04-2021 - Value-Added Tax (VAT) manual submissions and payments
• 29-04-2021 - Excise Duty payments
• 30-04-2021 - Value-Added Tax (VAT) electronic submissions and payments
• 30-04-2021 - Corporate Income Tax (CIT) Provisional payments
• 07-05-2021 - Pay-As-You-Earn (PAYE) submissions and payments
• 25-05-2021 - Value-Added Tax (VAT) manual submissions and payments
• 28-05-2021 - Excise Duty payments
• 31-05-2021 - Value-Added Tax (VAT) electronic submissions and payments
• 31-05-2021 - Corporate Income Tax (CIT) Provisional Tax Payments

Contact Details

David Smout

Mobile

084 805 6865

Telephone

041 583 5145

Email

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