The first thing most entrepreneurs do is formalise the structure under which they plan to conduct their business. You may or may not be aware, but there are several different types of business entities you can choose from when you wish to get started in business.
Statutory Registrations
Statutory Registrations are a very important part of running your business legally, below is a list of registrations that need to be completed at each stage of your business cycle.
Company Tax
Most importantly – ALL businesses are required to register for Income Tax with the South African Revenue Service (SARS) AND are required to submit an Income Tax return regardless of whether they make a profit of not!
Besides processing your monthly books of account, we also give you access to our online accounting system thereby making it easy for you to invoice your clients on the go.
Monthly Payroll
Payroll is one of those disciplines that can get out of control very quickly if your bookkeeper is not paying attention. Besides the annual changes to the various tax and allowance tables there are also continuous changes to the information that needs to be submitted to SARS.
Financial Reporting
We provide you with all the key metrics that you will require to understand your business.
Business owners that are mentored are proven to be more successful, therefore we always encourage our clients to follow this route.
Statutory Compliance
We ensure your Annual Return, Annual Financial Statements, Income Tax, PAYE, Provisional Tax, UIF, VAT and Workman’s Compensation are submitted on time every time, that way there is never any issues with SARS or any other Government department.
BB-BEE
If your business is classified as an Exempt Micro Enterprise, we are able to issue you with a Certificate.
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![Cashflow and your Business]({"default":"https://sme.tax/wp-content/uploads/2019/10/ci5814-sme.tax-oct-sm-blog-cashflow-02.jpg","2x":"","mobile":"","responsive":"true"} "Cashflow and your Business")
