WHAT WE OFFER

Our Services

Tax Compliance

Enabling Growth

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimize corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.

Effective corporate and personal tax planning can also result in significant improvements in your bottom line.

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

WE CAN ASSIST WITH A RANGE OF TAX ISSUES INCLUDING

Initial Registrations
Calculation and Submission of Individual Income (Personal Tax),
Corporate Income Tax
Other Direct Tax Returns (PAYE, VAT, etc.)
Capital Gains Tax
Tax Clearance Certificates
Tax Payment Advice
Efficient Tax Structuring for Individuals & Companies (Tax Planning)declaration (EMP501)
- Submission of your Employer Annual Reconciliation (EMP501) and Employee Tax Certificates [IRP5/IT3 (a) s] is due from 1 April to 31 May for the transaction periods of:
- Interim period: transaction period from 1 March to 31 August or
- Annual period: full tax year from 1 March to 28/29 February.
- The interim reconciliation was introduced in September 2010 and was intended to assist employers by:
- Enabling an easier and more accurate annual reconciliation submission
- Maintaining an up-to-date employee database and
- Registering employees for Income Tax purposes, as required.
- Summary of what is required:
- Deduct the correct amount of tax from employees
- Pay this amount to SARS monthly
- Reconcile these deductions and payments during the annual and the interim reconciliation and
- Issue tax certificates to employees.
- SARS can impose penalties if the submission is late, inaccurate or does not balance. Beat the deadline of 31 May by submitting your EMP501 Reconciliation early.

Management Accounting

Alleviating Stress

We use our qualifications and experience not only to complete this work quickly and accurately, but we also use initiative to identify problems and opportunities.

Your annual accounts are an opportunity for you to review the performance of your business, to reflect on the year just ended and help you to look forward to the year to come.

We review the annual accounts to ensure that you have taken advantage of all available opportunities to reduce your tax liability, as well as ensuring that you meet all deadlines and avoid penalties.

WE CAN ASSIST WITH A RANGE OF ACCOUNTING SERVICES INCLUDING

Drafting and compiling of Annual Financial Statements
Preparation and interpretation of periodic management accounts
Preparation of financial forecasts including cash flow & profit projections
Financial Advice and Management
Providing financial expertise to companies at board level
Advising on accounting systems and software
Company Registration & Amendments
Annual Returns
Debt Collecting
Bookkeeping for Body Corporate and Home owners Associations.

Payroll Administration

Saving You Money

We are able to provide the complete service as running a payroll can be time consuming and complicated and may divert resources from the core activities of your business.

WE CAN ASSIST WITH A RANGE OF PAYROLL SERVICES INCLUDING

Effective Payroll Structuring
Highly Confidential Payroll Outsourcing
Employee Payroll Tax Submissions
Leave Management
IRP5 Preparation and Submission
Contractor Payrolls

Payroll Advice on How to Reduce Your CTC Payroll and Increase Employee Net Salaries

HERE ARE SOME IMPORTANT THINGS TO REMEMBER

There is nothing wrong with tax structuring of an employee’s salary or, as it is know as, salary sacrifice. South African income tax case law confirms that it is fine to structure an employee’s remuneration to pay as little as possible tax
Structuring an employee’s package can also not be subject to the anti-avoidance provisions of section 103(1) of the Income Tax Act. Case law has confirmed that where the primary purpose is bettering employees’ remuneration after tax, the primary purpose cannot be tax avoidance or postponement
You can still achieve a good PAYE outcome by careful planning. However, this is something that you can only get right where your remuneration policy (if you do not have one you should get one for tax and other reasons), employment agreements, payment advices and other documentation is not correct. Getting this right is not such a big deal if you approach this correctly
Adopting a cost to company approach to salary structuring is a good way of ensuring that you legally structure employee packages. However, tax cases have been lost because non-professionals tried their hands at implementing this. This is simply something that your payroll company or most accountants or consultancies cannot get right from a tax perspective. Give us your thoughts on this statement of fact under Your Tax Questions.

Registration

Alleviating Stress

An Expert in Everything You Need

We can assist with a wide range of registrations.

WE CAN ASSIST WITH A RANGE OF REGISTRATIONS

SARS Registration

Income Tax:
Every entity needs to register with SARS for Income and provisional tax.
PAYE or Employees Tax:
A business need to register for PAYE as soon as the employees earn more than the tax threshold for the specific financial year. Directors of companies who earn a monthly income also need to register for PAYE.
SDL Registration:
A company need to register for the Skills Development Levy) when its gross remuneration exceeds R 500 000 per annum.
VAT Registration
A company need to register for VAT (Value Added Tax) as soon as the turnover exceeds R 1 million per annum.

We have helped allot of companies with their VAT Registration and we have seen that many VAT Registrations are not processed due to the fact the companies submit incomplete documentation and that the supporting documents are not correct or incomplete. We have seen these pitfalls and will be able to assist you with your VAT Registration.

The following aspects need to be understood before starting with the VAT registration process:

Each director need to be 100% compliant in his / her own name.
Any other entities the directors are involved need to be 100% compliant.
All the various tax returns and payments of the company (the applicant) need to be done

If all of the above are done, you can start with the VAT registration process and then the following supporting documents need to be submitted as well:

Certified copies of ID’s of all Directors / Trustees.
Proof of Address of all Directors / Trustees.
Proof of Address of the Entity
Latest company registration documents of a Company or Closed Corporation or the Trust deed of a Trust.
Proof of bank details.
PAYE Registration
PAYE registration needs to be done by the employer as soon as the company starts employing people. On this monthly return submitted to SARS you will need to pay to SARS the UIF and PAYE deducted from your employees.

The following supporting documents need to be submitted:

Certified copies of ID’s of all Directors / Trustees.
Proof of address of all Directors or Trustees.
Proof of Address of the entity
Latest company registration documents of a Company or Closed Corporation or the Trust deed of a Trust.
Proof of Bank Details