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Fixed Fee Accounting Package - Blossom - Large enterprises - Turnover between R10 million and R30 million
R9,775.00/Monthly

Perfect package for Large Companies with a turnover between R10 million and R30 million

Summary of inclusions into this annual basic service combination pack:

  • Bookkeeping of up to 1000 transactions per month
    • Cashbook processing
    • Debtors/Creditors
    • Journals
    • Control account reconciliations
  • Bi-monthly VAT Returns
  • Monthly Management Review
  • Annual Financial Statements
  • Corporate Tax Return
  • Corporate Provisional Tax Returns
  • Annual Tax Clearance Certificate
  • Annual BBBEE Ownership Affidavit and Certificate
  • Annual WCA Return of Earnings
  • Annual CIPC Annual Return

MONTHLY BOOKKEEPING

  • Monthly software subscription provides you with access to an online receipts and invoices processing package.
  • Monthly software subscription provides you with access to an online document automation software package.
  • Recording business transactions such sales, purchases, receipts and payments
  • Recording the cashbook transactions directly into the accounting software with automatic bank feeds.
    • This saves time (and paper), and means you have tidy books!
    • We review every transaction so you have meaningful financial information to measure how your business is going.
  • Reconciling the company bank accounts
  • Reconciling Debtors and Creditor accounts
  • Processing Payroll Journals
  • Processing Depreciation Journals
  • Processing Finance Cost Journals
  • Processing Accrual Journals

BI-MONTHLY VAT RETURN

  • Preparation and submission of bi-monthly Value Added Tax (VAT)
  • This includes:
    • Review of your operation of VAT for compliance with regulations and best practice
    • Complete VAT computations for the period
    • Year to date processing reconciliation against VAT submissions for the year
    • Completion and submission of VAT return via SARS Efiling
    • Loading payments via the Credit Push system on SARS Efiling
    • Dealing with correspondence with SARS VAT department
    • The random reviews and audits resulting from the submission of the returns will result in extra chargeable services.

MONTHLY MANAGEMENT REVIEW

  • Monthly software subscription provides you with access to an online reporting package.
  • Based on the information being entered and reconciled in an accounting software package.
  • We will provide you with management accounts, including the following:
    • This includes:
      • Profit & Loss account
      • Cash summary
      • Balance Sheet
      • Accounts Receivables due and Aged Debtors details
      • Accounts Payables due and Aged Creditors details

ANNUAL FINANCIAL STATEMENTS

  • Preparation of annual financial statements for the year including, but not limited to:
    • Determination of the Public Interest Score of the company, in accordance with the Companies Act, 2008. (Dependent on the score of the company, an Independent Review might be required which will result in an additional engagement)
    • Analysis of ledger data including reconciliations and ledger balances
    • Preparation and review of reconciliation of the bank accounts (if your bank accounts are not reconciled by your bookkeeper this will incur additional charges)
    • Preparation and reconciliation of loan accounts
    • Preparation and reconciliation of all value-added-tax (VAT) related items (if your sales tax items are not reconciled by your bookkeeper this will incur additional charges)
    • Preparation and reconciliation of all payroll tax (PAYE) related items (if your sales tax items are not reconciled by your bookkeeper this will incur additional charges)
    • Preparation and reconciliation of asset register/depreciation schedule for the period
    • Preparation and reconciliation of lease, hire purchase and chattel mortgage facilities
    • Work through optimal directors fee / dividend scenarios
    • Calculation of anticipated tax liability
    • Preparation of distribution minutes
    • Preparation of notes to your financial statements consistent with current accounting standards
    • A letter of advice in relation to our findings
    • Finalisation and compilation of all documents as required for your signature and for lodgment with CIPC.

CORPORATE TAX COMPLIANCE

  • Annual Tax Return
    • Preparation of corporate income tax return for the year ended 28 February including, but not limited to:
      • Apply available tax deductions
      • Complete analysis of cash receipts and cash payments for the period
      • Preparation and reconciliation of asset register/wear and tear schedule for the period
      • Calculation of anticipated tax liability
      • Preparation of income tax return including schedules required to be included therein
      • Preparation of a statement of taxable income
      • Preparation of financial statements suitable for lodgement in your entity’s taxation return
      • Finalisation and compilation of all documents as required for your signature and for lodgement
      • Follow up after submission of the return for finalization of the assessment and account with SARS.
      • Any reviews and audits requested by SARS on the submission will result in additional engagements
      • The random reviews and audits resulting from the submission of the returns will result in extra chargeable services..
  • Provisional Tax Returns
    • Preparation of corporate first provisional tax return for the period ended 31 August:
      • This return will be based on the basic amount which is the last assessed taxable income available to the South African Revenue Services (SARS) at the time of submission.
    • Preparation of corporate second provisional tax return for the year ended 28/29 February:
      • This return will be properly calculated to fairly estimate an accurate taxable income based on any of the following:
        • the actual trading figures of the enterprise until the 31st of December as per the company’s trial balance,
        • Management Accounts where necessary (will result in an additional engagement in January), and
        • an estimation of January and February trading through discussion with the directors and basic forecasting methods.
      • The random reviews and audits resulting from the submission of the returns will result in extra chargeable services..
  • Tax Clearance Certificates
    • We will draw a tax clearance certificate from SARS
    • Should there be instances of non-compliance, prohibiting us from obtaining said tax clearance certificate, we will notify you of such non-compliance to be rectified.
    • Any additional work required by us to obtain the tax clearance certificate will result in additional fees.
      • The random reviews and audits resulting from the submission of the returns will result in extra chargeable services..

BBBEE OWNERSHIP AFFIDAVIT

  • Preparation of the BBBEE Ownership Affidavit and Certificate, based on the Shareholding documents of the company.

WCA RETURN OF EARNINGS

  • Confirmation of current year risk rate according to industry profile.
  • Retrieving payroll information to include in WCA Return of Earnings
  • Completing the actual payroll information and estimating the following years projected payroll values
  • Submitting the Return to the Compensation Commissioner
  • Subsequent liaison with the Compensation Commissioner
  • Following up on payments and retrieving final statement of account
  • Obtaining Letter of Good Standing.
    • The random reviews and audits resulting from the submission of the returns will result in extra chargeable services..

CIPC ANNUAL RETURN

  • Annual return returns submission to the Registrar of Companies (CIPC)
    • This includes
      • Submission of Annual Return at below fee structures,
      • Preparation of the Financial Accountability Supplement (for unaudited financial statements)
  • CIPC Fee
    • Private Companies*
      • Fees
        • Less than R1 million – R100
        • R1 million but less than R10 million – R450
        • R10 million but less than R25 million – R2000
        • R25 million or more – R3000
      • Penalty fee for each late lodgment
        • Less than R1 million – R50
        • R1 million but less than R10 million – R150
        • R10 million but less than R25 million – R500
        • R25 million or more – R1000
          Close Corporations
      • Fees
        • Less than R50 million – R100
        • R50 million and above – R4000
      • Penalty fee for each late lodgment
        • Less than R1 million – R150
        • R50 million and above – R150

Advisory

Bookkeeping Services - SageOne Accounting Ledger Conversion, Setup and Training
R862.50/Upfront
Fixed Fee Accounting Package - Blossom - Large enterprises - Turnover between R10 million and R30 million
R9,775.00/Monthly
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All prices are inclusive of Value Added Tax

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