There are so many moving parts and tasks that need to be done in a small business; you may not even be aware of them all. If you’re a one-man-show or only have a few employees, these tasks can quickly take over your whole day. We can take all of these functions off your hands, or only those that you really do not want to do.
Bookkeeping and Accounting Services
We can help you to set up your accounting system, record transactions, and reconcile accounts. If you prefer to do your own day-to-day bookkeeping, we can apply the finishing touches to your accounts. With Xero accounting software you have access to real-time data 24/7. Review your business performance whenever you want and make strategic decisions without delay.
Do you have neither the time nor expertise to keep up with changing tax and labour regulations? We can take the whole or part of the payroll process off your hands. We’ll process your monthly payroll and send you the payslips, monthly reports, and payroll journals to record in your books. We can also submit all your returns, including monthly payroll returns, bi-annual IRP5 reconciliations, Workmen’s Compensation returns, and UIF returns. Our service provides you with full compliance, accuracy, and confidentiality. We also answer all of your employee’s questions.
Different entities and transactions attract different kinds of taxes. We can help you to structure your business to get the best tax benefits possible. We assist you with your tax planning, tax calculations, and submissions of tax returns, whether for yourself, your business, or a trust. We set your accounting records up for VAT, prepare and submit VAT returns, and provide assistance with VAT audits and queries from SARS.
Secretarial and Business Set-Up Services
Complying with laws and regulations can be complex and time-consuming. We can help you keep compliant by submitting your annual returns to CIPC, helping with new company registrations, maintaining statutory registers, preparing minutes and resolutions, changing details such as appointment and resignation of directors, the filing of the Memorandum of Incorporation (MOI), and changing of year-end dates.
We can also assist new businesses to register everything required with SARS and the Compensation Fund.
Apart from the annual financial statements, you may need management accounts more frequently. Regular management reports help you keep an eye on your business’ finances and enable you to plan proactively throughout the year. Banks may also request management statements should you apply for a loan or an overdraft. We include management reports in some of our monthly packages, but we can also prepare them as needed. We also arrange meetings with you to discuss the figures so that you can understand completely how your business is performing.
Financial Statement Compilations
Every registered business is required to compile financial statements each year. Financial statements will help you to see how your business performed during the year and help you make strategic decisions for your business. We can help you to prepare your annual financial statements, whether as part of one of our packages or as a standalone service.
Audits and Independent Reviews
Most small businesses and owner-managed companies only need to compile financial statements each year, while other companies also require an independent review or audit. We perform both audits and independent reviews. Discuss this with us if you’re not sure what you are legally required to do.
As a small-business owner, you may sometimes feel overwhelmed and isolated. That’s where we come in. We offer tailored business solutions to give you guidance and business advice. Our services include assistance with drawing up budgets, forecasting, drafting of business plans, strategic planning, and business-structuring advice. Don’t try to do everything on your own – we are here to help.