Interpretation and application of S64 of the income tax act as it pertains to personal expense of a shareholder paid by the company. My interpretation of the section is that interest is charged on the capital portion. Our accounts are charging compounding interest. When I query this they say interest is charged on the interest calculated on the capital amount because it is outstanding. I totally disagree. I understand the section to say interest is charged on the deemed loan, which is the expense paid.
Preparation of Annual Statements: To meet the NCR’s requirement for formal financial documentation, including balance sheets, income statements, and cash flow statements. Assurance Engagement Report: This is necessary if audited or unaudited reports are required by the NCR, providing independent verification of your financials. Completion of Form 40: Assistance with filling out the NCR-specific financial and operational return form. Consultation and Compliance Support: Help with interpreting NCR regulations and ensuring all submissions are accurate and compliant. Organizational Setup for Compliance: Advice on setting up an internal bookkeeping process aligned with NCR standards.
Small company with 6 Employees requiring the services of a Registered Bookkeeper who is in private practice to handle basic book keeping and SARS ? Bargaining Council issues. Email is for the person who handles the financial matters for the company, cell number is for the Personal Assistant (not a company number). Best to communicate via Email at this stage. Company number preferably mornings between 08:00 and 13:00
1. Bookkeeping 2. Payroll Services 3. Monthly Management Accounts 4. Attending to SARS Returns: Tax, VAT, PAYE, Etc 5. Signed off Annual Financial Statements 6. Year-End Accounts 7. B-BBEE Certificate / Affidavit (turnover under R10 million) 8. Registered SARS Practitioner 9. Tax Clearance Certificates ( TCC ) 10. Individual tax returns 11. New Company and SARS Registrations 12. CIPC Annual Returns
Doing my books
Submission of tax return, probably has to be a walk-in at a SARS branch (with a SARS Special Power of Attorney) due to multiple tax numbers issue that was reassured by two SARS branches as “would definitely be resolved” but never was. As a result my eFiling remains locked and I cannot book a virtual appointment to submit tax return either. I’m now living in Taiwan and need to find a service that can assist. My only source of income in SA is bank interest income and the tax return is fairly simple, except that it cannot be done on any SARS platform.
My accounting officer of 15 years passed away suddenly and he would do yearly submission to SARS for the company and me in a personal capacity. accounts are small, it is a micro business with links to educational consultancy. Due to him passing we are struggling to find the small invoices which we held every month and I have tried to do the VAT returns for now.
I need to register the company, source funding and keep our books and financial statements up to date. Be in line with SARS standards and protocol. Register employees at Department of Employment and Labour for UIF, COID, Skills Development Programmes should anything, unforeseen circumstances happen at work. Conduct Performance Appraisal events such as awards and awareness support groups to keep everything in check and everyone at peace whilst performing their duties diligently. Hire highly skilled and sensitive Mental Health Care Professionals who have passion for humanity and want the best
Good day I hope you're doing well My name is Chenel Owner of Beytell’s PTY I'm seeking a new accountant for December as i will be leaving my current accountant.. Please find attached invoice of my current needs under business accounting I also need an accountant for personal accounting... I did not receive my financial statement from this current accountant And as you know this is a very important document to have when running a small company. Please let me know of you can accommodate me with all tje mentioned needs and within this budget (R) I am based in Linden Kind regards Chenel
I have a massage parlour, I am only now really starting to make money as I had to shut down for Covid and business is only now really starting to pick up. A friend of mine who is an accountant did register me on an accounting portal but mentioned that I do still need a tax consultant to help me. I do not know much about the process or the costs and need someone who can help by letting me know exactly what is needed.