ACCOUNTING AND BOOKKEEPING
Small businesses often start out hoping that they will somehow make time to sort out their finances and figures. After all, concentrating on doing what they do is far more important, right?
The reality is that small businesses often do not have the resources to properly take care of their bookkeeping and that can cause problems down the line.
WE CAN HELP!
We have a dedicated bookkeeping and accounting department that wants to ensure your financial affairs are in order so that you can focus on running your business.
We provide retainer packages where we determine what services you would like us to perform and then calculate a suitable monthly retainer amount that best suits your needs. We need to fully understand your business and requirements before we can recommend the most appropriate retainer package for you.
Retainer contracts are recommended for small to medium companies who need to have their accounts captured and reconciled on a monthly basis and ensure monthly submissions are done accurately, correctly and on time. We love technology and we are increasingly using it to make your financial life easier and more streamlined. Let us know what you want, and we’ll work with you to deliver it.
If you would like to "pay-as-you-go", then we provide a monthly time-based billing system as well. This is entirely based on what you need, and we ensure quotations are delivered and approval is obtained before we do the work.
SARS and Taxes
We capture your financial information on a yearly basis and ensure that all SARS submissions are done. This type of service can only be performed if the practice is not registered for VAT and/or PAYE or if this is being done by the business internally.
This type of service is recommended more for small businesses, trusts, and sole proprietors that do not have many transactions, and all their monthly invoicing is already done internally and you only want us to compile the yearly accounts.
We prepare financial statements based on captured and accurate financial information.
If we are expected to sign the financials, we must perform a review on the financial information given to us; this is called a Compilation.
The accounting and bookkeeping division works closely with the tax practitioners to ensure that all submissions are done accurately and correctly in terms of legislation.
We also ensure that we send monthly management accounts to our clients and set up monthly management meetings to discuss and determine what is happening in their business.
We would love to see your business grow and succeed in the way you want it to. We enjoy sitting with our clients and understanding their business and giving feedback where we think it is needed.
The following services are also available:
EMP201 submissions
EMP501 submissions and bi-annual reconciliations
IRP5's
VAT201 submissions
Bookkeeping & Payroll
We provide payroll services to companies that have staff. This can also be provided on a monthly basis (retainer or ad-hoc basis).
We use a payroll program called Intercode for South African clients, but we can assist your company in whatever program you require, such as VIP online, Xero etc.
We can also provide our South African clients with the bi-annually EMP501 reconciliation submissions to SARS.
EMP201 submissions are also done as part of the payroll service. This is the monthly submission of PAYE, UIF and SDL to SARS.
On a bi-annual basis, the EMP201’s submitted should be reconciled to the actual payments received from SARS and the required PAYE that should have been submitted. We also do this as part of the payroll service we provide.
