VAT made simple: when to register & how to file your VAT201
Confused by SARS VAT? This simple guide for SA businesses explains the R1 million threshold, when to register, and how to file your VAT201 correctly to avoid penalties.
About: I am a self-employed remote bookkeeper based in Durban. I work on Xero and Simple Pay. I process bank statements, debtors, creditors, month-end reports and reconciliations as well as payroll and statutory returns, namely, VAT201, EMP201 and EMP501.
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I’m looking for an affordable independent accountant or bookkeeper who can assist me with consolidating my personal and business bank statements for the last 6 months. The goal is to clean up and present my income and expenses in a clear way for a property rental application. My current statements are a bit messy because I use two banks (one personal, one business) and sometimes transfer between them, which causes income to appear twice. I’d like someone to help reconcile this and prepare a simple affordability report/letter that I can present to the real estate agency.
Hi please take a note I am director of NCR registereed company, and I would like if you can assist with NCR Statutory Reports for my company, which includes a) Annual Compliance Report; b) Annual Financial Statements; c) Annual Financial and Operational Return; d) Annual Assurance Engagement Report
Need basic financial services for a small startup company. Company comprises of myself only, being specialist risk assessor for a very niche issue, servicing mostly industrial corporate companies and hospitality sector. Need help finishing tax registration, and basic bookkeeping services. SME estimated turnover of less than R1m for first year.
Hi, I am a creative in the Art and design field specializing in craft design for interior spaces. I Design house hold objects mostly lamp shades using telephone wire. I work with local women from disadvantage background in Ladysmith. I'm looking for an accountant preferably with a knowledge of the art & design field. I need assistance with the necessary accounting services, from registration to product pricing.
I need an accountant to help take care of the tax obligations for the business and the owner as well as someone to prepare our annual Financials at the end of every period. We have a few businesses - some need to be merged as they have been dormant and others need to be revived a bit but all need to be compliant. We work in the media sector.
Hi, I needs some assistance with Personal tax versus Company tax, where we as a small business can save. I am one of the directors Currently I am paying PAYE as a registered employee, how can I save on this. Can my salary be instead transfered to another company of mine as Project Fees, what's the outcome if that is done. Thanks
I produce a simple excel spreadsheet with transactions from which you are to produce financial statements for submission. Also need prep and & submission of taxes And request good standing certificate Need total cost of above split between statutory returns fees and your service fees Very small company with few transactions and a turnover around Rk PA
Category: Auditors Service: Audit City (or suburb) where you need the service: Cape Town Type of company: Non-profit organization (NPO) Number of employees: 5-15 Please describe the audit in more detail (type of audit, scope of audit, any additional requirements: Organization: ICA – Foundation / NPO Financial Year: 1 March – 28/29 February Audit Type: External Independent Audit Applicable Standards: IFRS for SMEs / Generally Accepted Accounting Practice (GAAP) in South Africa 1. Objective of the Audit The purpose of this audit is to: Provide an independent opinion on whether ICA’s financial statements present a true and fair view of its financial position and results of operations. Assess internal controls, financial management systems, and governance practices to recommend improvements if necessary. Report findings to ICA’s Board, management, and funders as required2. 2. Scope of the Audit The auditor will examine, verify, and report on the following: A. Financial Records General ledger, journals, and supporting documentation Bank and cash reconciliations Accounts receivable and payable Fixed assets, inventory, and other assets Liabilities and provisions Prepaid expenses and accruals B. Reporting Prepare audited financial statements including: Statement of Financial Position Statement of Comprehensive Income Cash Flow Statement Notes to the Financial Statements Issue an audit report (unqualified, qualified, adverse, or disclaimer) Prepare a Management Letter highlighting findings, recommendations, and areas for improvement 3. Audit Deliverables Draft Audit Report: management review Final Audit Report & Financial Statements: Submitted to ICA Board and funders Management Letter: Observations, recommendations, and risk assessment Donor Schedules (if applicable): Detailed reporting per funder requirements 4. Additional Requirements Auditors must be IRBA-registered and have experience with NPOs / grant-funded organizations Audit to cover the full financial year: 1 March – 28/29 February Auditor may request access to digital accounting systems, bank statements, payroll, contracts, and grant documentation Collaboration with ICA staff for clarification and documentation requests is expected