Announcements


New Tax Calculator - Thursday, February 26, 2015
We have updated out Tax Calculator with the new tax rates as presented by Finance Minister Nhlanhla Nene on 25 February 2015, at 2pm.

Try the Free Online Tax Calculator today to see how the new budget affects your pocket! 
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Accounting

We have a team of experienced bookkeepers, assisted by junior bookkeepers, that enables us to tailor a professional solution to your accounting requirements.

Our team provides the following services:


  • Accounting on a cash movement basis (from bank statements)


  • Accounting for customers and suppliers


  • Accounting for sole traders


  • Accounting for partnerships
    A partnership is treated as one business entity with the resulting profit or loss at the end of the financial year being apportioned to each partner in their profit sharing ratios; this share then being reflected in each individual partner's tax return. For more information about this please visit our FAQs page.


  • Accounting for close corporations and companies
    There are no major differences to the accounting requirements between a close corporation and company. For more information about this please visit our FAQs page.


  • Accounting for trusts
    A trust needs to maintain accounting records that underpin the intentions of the trust deed. These would differ from case to case - from simple records to highly complex ones. For more information about this please visit our FAQs page.


  • Registration as Value Added Tax (VAT) vendor
    Any business, regardless of the entity that that business trades under, will be required to register for VAT if its turnover exceeds more than R1 million per annum. For more information about this please visit our FAQs page.


  • Submission of VAT returns
    For more information about this please visit our FAQs page.


  • Payment of VAT liabilities
    For more information about this please visit our FAQs page.


  • De-registration as VAT vendor
    If a business's turnover falls below the R1 million per annum threshold it may choose to deregister as a VAT vendor. For more information about this please visit our FAQs page.


  • Registration as importer
    Before any goods can be dispatched to South Africa the importer needs to be registered for VAT as well as complete the necessary documentation to register it as an importer. For more information about this please visit our FAQs page.


  • Registration as exporter
    Similarly to the requirements of an importer goods cannot be dispatched from South Africa as long as the business is registered for VAT and as an exporter. For more information about this please visit our FAQs page.