COMPANY SERVICES

IGrow Chartered Accountants Company Services

Structuring companies so that they benefit from high operational performance and legal protection, whilst ensuring that they don’t pay more tax than is necessary, provides the foundation for many a successful business. And, as you grow you must be certain that expansion will not be hampered by unforeseen liabilities.
We offer a dedicated personal approach and believe that a business succeeds because it comprises people who live it, dream it and build great plans for its future. We are committed to maintaining the highest professional and technical standards and strive continually to grow our broad commercial knowledge and expertise.

List of services include:

Monthly Accounting

  • Processing of financial information​
  • Completion of the VAT return​
  • Managing accounts for reviews​

Payroll Administration

  • Weekly, fortnight & monthly Wages​
  • Pay list for all all wages/salaries​
  • Submitting & managing UIF​
  • Completing of PAYE​
  • IRP5 Reconciliation​
  • Secretarial work/CIPC/annual return submission

Income Tax & Finances

  • Provisional Tax Returns​
  • Annual Financial Statements​
  • Submission of Income Tax Returns​

Packages available

Classic

0 - 5 Employees
  • Cloud payroll software
  • Bookkeeping
  • Company Tax Returns
  • Company Provisional Tax
  • Annual CIPC Submissions
  • Payroll: 0-5 Employees
  • Monthly UIF submissions
  • Monthly EMP201 submissions
  • Bi-Annual EMP501 submissions
  • IRP5 Certificates
  • Quarterly Profit & loss report

Premium

6 - 10 Employees
  • Cloud payroll software
  • Bookkeeping
  • Client management
  • Company Tax Returns
  • Company Provisional Tax
  • Annual CIPC Submissions
  • Payroll: 6-10 Employees
  • Monthly UIF submissions
  • Monthly EMP201 submissions
  • Bi-Annual EMP501 submissions
  • IRP5 Certificates
  • Tax clearance certificate
  • Monthly management report

Executive

11 - 20 Employees
  • Cloud payroll software
  • Bookkeeping
  • Client management
  • Supplier Management
  • Company Tax Returns
  • Company Provisional Tax
  • Annual CIPC Submissions
  • Payroll: 11-20 Employees
  • Monthly UIF submissions
  • Monthly EMP201 submissions
  • Bi-Annual EMP501 submissions
  • IRP5 Certificates
  • Tax clearance certificate
  • Monthly management report

Important dates for companies

Monthly

  • EMP201 – 7th of the following month or the Friday* before that day if the 7th falls on a weekend or public holiday

Interim

  • For period 1 March to 31 August
  • Employers Tax Season for EMP501 reconciliations 1 September to 31 October

Annual

  • Period 1 March to 28 February
  • Annual Employers Tax Season 31 May Period 1 April to 31 May

Tax Season

  • Companies, including CC’s, Co‐operatives and Body Corporates,
  • Required to submit a Return of Income: Companies and Close Corporations (ITR14)
  • Within 12 months from the date on which their financial year ends.

Provisional Tax

  • The filing and payment by companies of provisional tax (IRP6’s)
  • 6 months after year end (1st period), At financial year end (2nd period) and Six months after the financial year end (3rd period)

VAT
Manual

  • Submission of the VAT201 and payment must be done by the 25th of the month. It should be noted that each vendor may be on a different VAT cycle

Electronic (eFiling)

  • Submission and payment of the VAT201 must be done by the last business day of the month

Small businesses which fall into one of the categories above (CC, Co-operatives) must follow the schedule outlined above:

  • Turnover tax

Small businesses which are registered for Turnover Tax must follow the schedule below:

  • Turnover tax will be levied annually on a year of assessment that runs from the beginning of March of the one year to the end of February of the following year. It will include two six-monthly interim (provisional) payments.

How can we help you?

If you need any help or assistance with Trust Accounting, IGrow Chartered Accountants are here to assist you.