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ANNUAL FINANCIAL STATEMENTS

AND

MANAGEMENT STATEMENTS

Annual Financial Statements as well as Management Statement for the following business entities, which consist of the Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Income Statement), Cash flow Statement, Notes to the Annual Financial Statements and the Tax Calculation:

●   Sole Proprietors
●   Partnerships
●   Close Corporations (Close Corporations Act of 1984)
●   Private Companies (New Companies Act of 2008)
●   Trusts
●   Non-Profit Organizations

 

Bookkeeping Services

Bookkeeping services for the following business entities from monthly bank statements, cheques issued, tax and / or normal invoices, receipts, cash slips as well as monthly income and expenses summaries received:

●   Sole Proprietors
●   Partnerships
●   Close Corporations

(Close Corporations Act of 1984)
●   Private Companies

(New Companies Act of 2008)
●   Trusts
●   Non-Profit Organizations

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Income and Company Tax Services

Individuals

All individuals earning the following types of income:

● Salary, Taxable Allowance and Taxable Fringe Benefits
● Rental Income from one or more Investment Property
● Local as well as foreign interest and dividends received from an investment portfolio
● Capital gain made from the sale of one or more fixed property (including primary residence)
● Pension, provident and retirement fund lump sum benefits received
● Pensioners
● Sole Proprietor Businesses


Partnerships

● Personal Income Tax for each of the partners of the partnership, including a personal balance sheet

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Close Corporations

(Close Corporations Act of 1984)

● Submission of the annual Close Corporation Tax return (IT14) to the South African Revenue Service (SARS).


Private Companies

(New Companies Act of 2008)

● Submission of the annual Private Company Tax return (IT14) to the South African Revenue Service (SARS) accompanied by the Annual Financial Statement for the particular private company.


Trusts

● Submission of the annual Trust Income Tax return (IT12) to the South African Revenue Service (SARS) accompanied by the Annual Financial Statements for the particular Trust.

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REGISTRATIONS

 

Registration of private companies

We register Private Companies with the Companies and Intellectual Property Commission (CIPC) under the New Companies Act of 2008.

We are appointed as the Independent Reviewer for each of the Private Companies which get registered.

We assist in any changes that need to be made to the directors, shareholders, registered address and postal address of the private company. We also assist in the changing of the registered name of the private company.

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Statutory Registrations Services

● Personal Income Tax Registration
● Company Tax Registration
● Value-Added Tax (VAT) Registration
● Employees Tax Registration – PAYE, Unemployment Insurance Fund (UIF) and Skills Development Levy (SDL);
● Registration as employer with the Office of the Compensation Commissioner (COIDA);
● Registration as employer as well as the registration of each employee with the Unemployment Insurance Fund (UIF) office.

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Submission of Statutory Return Services

and

Tax clearance certificates

and

Letter of Good Standing Services

 

Submission of Statutory Return Services

● Monthly, Bi-monthly and Six-monthly VAT returns to the South African Revenue Service (SARS);
● Monthly Employees Tax (PAYE, UIF and SDL) returns to SARS;
● Half yearly Provisional Tax returns to SARS;
● UI-19 returns to update the employees with the Unemployment Insurance Fund (UIF) office;
● Half yearly EMP501 Employees Tax Reconciliations as well as the issuing of the IRP5 or IT3(a) income certificate for each employee;
● Annual W.As8 Return of Earnings to the Office of the Compensation Commissioner (COIDA);
● Annual return for Close Corporations as well as Private Companies to the Companies and Intellectual Property Commission (CIPC);
● Providing confirmation letters of annual turnover for Broad-Based Black Economic Empowerment (B-BBEE) purposes as well as assist in obtaining B-BBEE rating certificates.

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Tax clearance certificates and letters of good standing Services

We assist in applying and obtaining Tax Clearance Certificates from the South African Revenue Service (SARS) as well as Letters of Good Standing from the Office of the Compensation Commissioner (COIDA) and from the Unemployment Insurance Fund (UIF) office.

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Knox Accountants

Excellence in Accounting!

George,

South Africa

(+27) 073 104 9442