The foundation on which a company’s financial records and reporting is built.

• Processing of bank and cash transactions to General Ledger accounts
  • Allocating income and expenditure to the correct accounts is crucial to financial reporting. It is the foundation on which any and all reports are built. Mistakes at this level skews everything else going forward. Ensure that your processing received the correct amount of attention to detail.
• Reconciliation of Debtors and Creditors
  • Debtors that do not pay on time, or skip paying invoices completely, can strain a company’s cash flow.
  • Creditors who are not paid in time can cost the company unnecessary penalties in interest. On the other hand, early payment of creditors can award a company with discount on early settlements. Ensure you know your creditors’ terms.
• Compilation of reports analyzing performance and financial position
  • This is crucial for any business to know how things are going to be able to plan ahead accordingly
• Compilation of Management accounts
  • Creditors may require Management accounts when applying for credit or purchasing assets.
  • Management might require Management accounts to use as a gauge for planning for future events/projects.
• Compilation of Annual Financial Statements
  • Annual Financial Statements are compiled once a year as they summarize the performance of the company and states it’s financial position as at year-end. This is also required to file CIPC’s annual submissions and a company’s Income Tax.

Whether an individual or a business, it’s crucial for taxes to not only be submitted on time, but also be scrutinized in detail and accurate as that is the key to maximizing efficiency. We calculate and submit on your behalf to ensure that that efficiency is achieved.

Registration of Taxes:

• Individual Income Tax
• Company Income Tax
• VAT
• Diesel Concession
• Customs & Excise

Calculations and Submissions:

• First and second Provisional Tax returns for companies and individuals
  • 1st – due 6 months after the beginning of the financial period
  • 2nd – due at the end of the financial period
• Annual Income Tax returns for Companies and Individuals
  • Companies Tax – due 12 months after the end of the financial period
  • Personal Tax if self employed and submitting Provisional Tax – due 12 months after the end of the financial period
  • Personal Tax if employed full-time and receive and IRP5 – submissions date will depend on SARS tax season dates
• VAT (Value-Added Tax)
  • Monthly, Bi-monthly or Bi-Annually depending on turnover and industry
  • Diesel Concession will be included in these submissions if company is registered
  • Import/Export declarations and claims will be included in these submissions if company is registered

Deeper insight and analysis into the operations of a business, it’s structure and processes to assist management in identifying issues, formulating solutions and implementing change to enhance efficiency and promote growth

Every company can benefit from having a “CFO” however it is not always possible or viable from a financial perspective for a “Small to Medium Enterprise” to appoint one. Majority of SMEs also do not need a CFO full time.

We are providing an outsourced solution that will based on a company’s unique needs, provide a sufficient service that will allow the company to reap the benefits of having a CFO, but at a fraction of the cost.

This service in general will focus on two main aspects of the business. These being the “Systems and Controls” that are in place and the “Financial Efficiency”. This will ensure that from a productivity and financial aspect, the company is maximizing efficiency and minimizing waste.

• Systems and Controls
  • We analyze and evaluate the current systems and processes that are in place
  • We identify the weaknesses and develop replacement processes that are better suited and more efficient
  • We implement the processes and monitor progress to ensure the processes are being followed and are effective
  • Lastly after a trial period, we re-evaluate the system again and provide management with feedback and continuous assistance where needed.
• Financial Efficiency
  • Income and Expense accounts are analyzed and scrutinized to identify possible overspending and to ensure Debtors and Creditors are being collected and paid on time.
  • Changes and improvements are researched and suggested which will in return, improve efficiency.
  • These above procedures take place continuously to maintain the desired efficiency.

Professional fully customizable solution that covers all your Payroll administration for weekly, fortnightly, monthly, bi-annually and annually

• Registration of Company Payroll taxes
  • PAYE
  • SDL (if required)
• Calculating of employees’ salaries / wages and statutory deductions
• Flexi Payroll functions (for contract based workers & casual workers)
• Issuing of payslips
• Monthly Statutory (PAYE, UIF, SDL) calculations and submissions
• Bi-Annual and Annual EMP501 Reconciliations
• Calculating and issuing of IRP5s
• Registration for Workmans Compensation

Annual Workmans Comp Submissions

Having your company’s information up to date and correct with the CIPC important. Various Customers and Suppliers require this information and it also speeds up processes when it comes to SARS

• Company Name Reservations
• New Company Registrations
• Amendments to current Companies
  • Director & Shareholder changes
  • Address changes
  • Name Changes
  • etc.
• Drafting & Amendments of MOI (Memorandum Of Incorporation)
• Conversions from Close Corporation to (Pty) Ltd
• Submission of Annual Financial Statements to CIPC

B-BBEE can play a crucial role when it comes to service contracts and tenders. It’s a process that can be lengthy as it depends on which criteria your company falls under

• BEE Exemption certification (EME Certificate) –
  for entities with a turnover below R5million. Entities in this category do not qualify for a BEE rating as yet and therefore receives an exemption certificate that verifies that the company is BEE  compliant. This certificate is valid for one year.
• BEE Certification (QSE & Generic Scorecard) –
  for entities with a turnover above R5million (<R50million = QSE & >R50million = Generic). An audit is performed on certain aspects of the company to determine the BEE level the company qualifies for. The certificate is issued verifying the qualified level and is valid for one year.