Bookkeeping, VAT & Payroll

Accurate records.
Clearer decisions.

Good bookkeeping is not glamorous.
But it is one of the most important foundations of a healthy business.
When your records are accurate and up to date, you can make decisions based on what’s actually happening — not what you hope is happening.

Financial administration made simple:

Services

Bookkeeping, VAT & Payroll

Bookkeeping

We record and reconcile your financial transactions and keep your accounting records up to date, giving you a reliable foundation for your financial reporting and tax obligations.

VAT

VAT comes with rules, deadlines and plenty of room for mistakes.
We prepare and submit VAT returns, review VAT transactions and help you stay compliant with SARS requirements.

Payroll

Payroll isn’t simply about paying people.
We assist with payroll processing, payslips, EMP201 and EMP501 submissions, IRP5 certificates and ongoing payroll compliance.

COIDA Annual Returns

We prepare and submit your annual Return of Earnings and help ensure the information provided is accurate and compliant.

Frequently Asked Questions

Do I need to register my business for VAT? +
Not every business is required to register for VAT. Registration depends on your turnover and whether you meet the compulsory registration threshold or qualify for voluntary registration. We can assess your business and advise whether VAT registration is appropriate.
Do I need to register for PAYE? +
If you employ staff and are required to deduct employees' tax from their salaries, you'll generally need to register for PAYE with SARS. We can advise whether registration is required and assist with the registration process.
What's the difference between bookkeeping and accounting? +
Bookkeeping involves recording your day-to-day financial transactions, while accounting uses that information to prepare financial statements, tax returns and reports that help you understand your business's financial performance.
Why do I have to pay VAT to SARS? +
If your business is VAT registered, you're required to collect VAT on taxable goods and services you supply and pay the net VAT owing to SARS. The amount payable is generally the difference between the VAT you've charged your customers (output VAT) and the VAT you've paid on eligible business expenses (input VAT).
What can I claim VAT on? +
If your business is VAT registered, you may be able to claim VAT on qualifying goods and services purchased for business purposes. This can include items such as office expenses, stock, equipment, fuel (where applicable), professional services and other business-related purchases, provided you have a valid tax invoice and meet the requirements of the VAT Act.
Why do employers deduct PAYE? +
PAYE (Pay-As-You-Earn) is an employees' tax that employers are required to deduct from employees' remuneration and pay over to SARS. It forms part of the employee's annual income tax and helps ensure their tax is paid throughout the year rather than as a lump sum when they submit their tax return.

Not sure what you need?

That’s okay.

Tell us what’s going on and we’ll help you work out the next step.

talk to Numberwize

THE BOTTOM LINE.

You should know what’s happening in your business.
Accurate financial administration gives you the information to do exactly that.

Let's Get Your Numbers in Order
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