Core offerings
ACCOUNTING
You will have access to our cloud-based software where you will be responsible for the invoicing of your clients and collecting the outstanding amounts.
We will capture your supplier invoices on the system to account for VAT and supply you with a supplier age analysis at the end of the month. You will be responsible for paying the supplier and ensuring that we receive all supplier invoices in a timely fashion to ensure accurate reporting.
We will integrate your bank account to the system for cashbook capturing and VAT compliance and to ensure the bank recon.
You will receive basic management figures every month based on the above information.
Once a year we will then compile the annual financial statements for SARS and Companies Act compliance.
If additional financial statements are required at any other time, additional fees will apply.
PAYROLL
With our payroll services you will receive payslips electronically for employees. The PAYE will be calculated on the payroll and submitted to SARS and you will be liable for the payment to SARS. UIF will be submitted to Dept of Labour to ensure that employee information is up to date at Dept of Labour at all times. Twice yearly IRP 5 recons will be submitted to SARS and once a year you will receive the IRP 5 certificates for all employees. Once a year the WCA will be submitted to Dept of Labour and the invoice raised will be forwarded to you for payment before Dept of Labour will issue you with a Letter of Good Standing.
TAX COMPLIANCE
We will submit your income tax once a year once the annual financial statements has been completed and filing season at SARS is open. Twice a year we will send out Provisional tax calculations for the payment of income tax on the estimated profits for the coming year.
We will calculate your VAT liability to SARS based on your registration periods and ensure it gets submitted to SARS in due time. We will notify you of the payment and the payment date to avoid late fees and penalties.
PAYE will be calculated monthly when your payroll is done and submitted to SARS. You will be notified of the submission and the payment details so that payment can be made within the deadline.
SECRETARIAL FUNCTIONS
Secretarial functions would entail the registration of your company with CIPC as well as maintaining all information at CIPC such as address changes or director changes. Once a year the annual licence fee is due and we will ensure it is paid on time to keep your company active. When a company is registered it must maintain a register of its directors and shareholders with their full detail and share certificates. Beneficial ownership must be updated to CIPC on a yearly basis or when there are changes to the beneficial ownership of the company.
We can liaise with CIPC on numerous events that may affect your company during its lifetime.
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Get In Touch
Address
Regus, Century City, The Colosseum Foyer 3
1st Floor, Century Way Century City
Cape Town
7441
Phone
(+27) 082 309 4612