Accounting, Bookkeeping, Annual Financial Statements, IncomeTax, VAT, PAYE and Company Registrations
Equity Accounting cc & Equity Bookkeeping cc
Accounting, Accounting & Bookkeeping, Accounting & Tax Services
Annual Financial Statements Preparation and Signing Off:
In terms of tax legislation, every business, from a sole proprietor to large companies, has to draft annual financial statements to disclose its results to SARS. In this respect, not all individuals are qualified to carry out this function. For example, bookkeepers cannot legally sign off close corporation annual financial statements. An integral part of the drafting of annual financial statements is the tax planning and structuring aspect (refer below) which, to be compliant with SARS, can only be done by a registered tax practitioner.
Tax Planning and Advice:
Tax planning and advice is more than just completing the returns, we also provide assistance and information such as: · Which type of entity you should be trading through, i.e. a Sole Proprietor, Partnership, Close Corporation, or Company? · Which of these would be most advantageous for you from a tax perspective · Structuring of salaries for staff and owner's · Compliance checking - examining if your business is compliant with current legislation · Handling of all your Business and personal income tax affairs, inclusive of provisional taxes Equity Accounting is a registered SARS tax practitioner and accordingly all staff and partners hold the necessary required qualifications.
Day to Day Bookkeeping:
Running a business without keeping up to date records of income, expenditure, cash inflows, and outflows is almost impossible and not recommended. Fortunately, affordable computerised accounting packages have eased up this administrative burden tremendously. We are able to offer and perform this service for you by: · On a monthly basis, process the data into an accounting package at our premises · Generate monthly reports, as and when required, suitable for your business, in order to complete the necessary statutory returns applicable to your company.
General Business Planning & Advice:
Other added value services that we can offer your business include: · Performing Business Valuations · Assistance in applying for business loans and finance · Professional opinions on commercial legal matters · Referrals to other specialised independent and competent professional experts. · Networking with other organisations/professionals/businesses. · Advice on purchasing or selling a business.
Statutory Returns (Vat etc):
VAT returns, UIF deductions and payments, SDL payments and Provisional Income Tax payments are just some of the monthly and periodical returns that businesses (and individuals in the case of Income tax) are obliged to complete. Although some business owners elect to do all of these functions themselves, the day-to-day running of the business (the core function of the business owner) can be seriously disrupted by these necessary diversions, often resulting in late submissions and penalties. The advantages of having an independent specialist to take care of these functions are therefore obvious.
Initial setting up & Registrations (eg CC, Pty Ltd, Partnership, Trust):
There is considerable paperwork and procedures involved in setting up various business entities in South Africa and employing an experienced person to make the application for you can streamline the process and minimise costs. We can also advise on the most suitable business entity for your requirements, which has significant tax, cost, and legal ramifications.
, Accountancy Services
, Accounting & Bookkeeping
, Accounting & Tax Services
, Accounting Bluff
, Accounting Durban
, Company Registrations
, Professional Accountants
, Tax And Accounting
, Tax Bluff
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