Accounting & Administration
Monthly processing of the business transactions into the general ledger up to trial balance. Including bank reconciliations, debtor and creditor control accounts.
VAT 201 Returns
Calculation and submission of the VAT (value added tax) 201 returns to SARS at the end of the entity’s VAT period.
EMP 501 Returns
Preparation of any IT3A and IRP5 certificates necessary for the employees of the business and completion and submission of the related PAYE reconciliation to SARS bi-annually.
Annual Return Submissions to the CIPC
Submission of the annual return to the CIPC (companies and intellectual properties commission) for all companies and close corporations as well as updating any related registered information with the commission.
Annual Financial Statement Preparation
The preparation of annual financial statements for the business, including compilation reports or independent reviews.
Registration of an entity with SARS for VAT, PAYE, SDL and UIF and Income Tax.
Budgeting & Management Accounts
Preparation of an annual business budget and monthly monitoring of the business’ results against this budget. And, preparation of monthly management accounts presenting the business results in a user-friendly, customized manner, using tables and graphs. Allowing for high-level analysis and access to information for decision making.
EMP 201 Returns
Calculation of any PAYE (pay-as-you-earn) tax, UIF (unemployment insurance fund) contributions and SDL (skills development levy) levies payable on a monthly basis and submission of the return to SARS.
Workmen’s Compensation Fund Submissions
Calculation and submission of the annual return of earnings form to the workmen compensation fund.
The registration of new companies with the CIPC (companies and intellectual properties commission).
Income Tax Returns
Submission of the year end and provisional tax returns of the business to SARS.