Company Secretarial Services

Do you have to lodge a return or change any company detail?

 

 Service

 Cost

  •  Amendments to companies and close corporations

  • R700
  •  Lodgement of annual returns (CIPC,WCA)

  • Request quotation
  •  Appointments/resignations of directors and officers

  •  R700
  • Amending share capital structure, including transfer and allotment of shares

  •  R700
  • Amendment to companies memorandum and articles of association

  • R700 
  • Conversion from a close corporation to a company

  • R650
  • Deregistration of companies and close corporations

  • R750
  • Restoration of companies in deregistration

  • R750 
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TAX REGISTRATION BUSINESS

[alert type="error"] All businesses needs to be registered for Income Tax with SARS. [/alert]

 After you have received your registration document for your company the next step is to register your company for Income Tax with SARS.

 Follow the process below.

[alert type="info"] The company representative will need to take the documents to SARS. This is a SARS requirement. [/alert] 

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BUSINESS REGISTRATION

Steps to register a new Company:

  1. Choose a possible 4 names for your company to be submitted with the application. (See name reservation)
  2. Choose the directors of your company. On application we will need certified copies of their ID documents.
  3. Complete the application form.
  4. Pay the applicable fee online or via EFT.
  5. We will e-mail you the draft documents to be signed and returned to us.
  6. We can only submit the application after the signed documents were received.
  7. The application takes around 14-21 days. (7 Days for the name reservation and 7-14 days for the company registration)

After your company has been registered, you will need to register it with SARS for income tax purposes. (Please see Tax registration Business)

When you receive your income tax number, you can register your company for all other required taxes. This includes:

  • Pay-as-you-earn (PAYE)
  • Uneployment insurance fund (UIF)
  • Skills development (SDL)
  • VAT

[alert type="info"] We can do all the above for an all inclusive Registration, for only R4550-00 [/alert] 

 

 

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Registration PAYE, UIF & SDL

What is it?

Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE.

 An employer who is required to register with SARS for PAYE and/or Skills Development Levy (SDL) purposes, is also required to register with SARS for the payment of Unemployment Insurance Fund (UIF) contributions to SARS.

 

Who is it for? 

The amounts deducted or withheld must be paid by the employer to SARS on a monthly basis, by completing the Monthly Employer Declaration (EMP201). The EMP201 is a payment declaration in which the employer declares the total payment together with the allocations for PAYE, SDL, UIF and/or Employment Tax Incentive (ETI), if applicable. A unique Payment Reference Number (PRN) will be pre-populated on the EMP201, and will be used to link the actual payment with the relevant EMP201 payment declaration.

 

When do I need to Register for PAYE? 

You need to register for PAYE if any of your employees will receive an income over and above the Income Tax threshold. The threshold for the 2015 tax year is R70 000 or R5 833 per month. If the owner/member draws a salary from his business then you need to register as well. 

 

Some interesting facts regarding your business' payroll:

  1. Did you know if you are a member of a CC you need to deduct PAYE/UIF from your salary/money you draw from the business and pay over monthly. 
  2. Did you know if you use a casual woker for more than 24 hours in a month you need to deduct UIF from his salary, declare and pay over to the Department of Labour. 
  3. Did you know that UIF deductions from employees must be declared to the Department of Labour monthly on a seperate form, stating details of every single employee? 
  4. Did you know if your total payroll amount exeeds R500 000 a year you need to pay over Skill Development Levy (SDL) to SARS?
  5. Did you know that if you use Positive Trends Financial Services as your payroll partner you don't need to know all these "tricky" laws as we will handle everything on your behalf.
  •  

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    REGISTRATION SERVICES

     [alert type="info"] If you want to register a new entity we will do an all inclusive Registration for only R4550-00 [/alert]

     

     BUSINESS REGISTRATION   TAXATION REGISTRATION   PAYROLL REGISTRATION 
    • Electronic name reservation
    • R100
    • IT77 - Registration for Income Tax - individual
    • R300
    • PAYE Registration (SARS - PAYE, SDL & UIF)
    • R500
    • Registration of Private Company
    • R550
    •  IT77C - Registration for Income Tax - Entity
    • R500
    •  UIF Registration with department of labour
    • R500
    •  Registration of Non Profit Organisation
    • R500
    •  IT77TR - Registration for Income Tax - Trust
    • R500
    •  Workmen's Compensation Registration
    • R1350
       
    •  VAT Registration
    • R1750
    •  Domestic Employer UIF registration
    • R195
    Read more...

    Registration for Income Tax - individual

    As from 2013 tax year any person who receives a salary MUST register for income tax and receive a tax number. Even if your income is under the tax threshold.

    This service cost R350.

    Please make sure the information on the below form are entered correctly as to avoide any delays. [/alert]

    You need to be a registerd user to see the form. Register Here >>>

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    Monthly Packages

     

    Startup

     

     Small

     

    Medium

    • Turnover < R1 milion /year
    • Transactions < 100 /month
    • Employees < 10
     
    • Turnover < R5 milion /year
    • Transactions < 300 /month
    • Employees < 50 
     
    • Turnover < R10 milion /year
    • Transaction < 600 /month
    • Employees < 100
    From

    R950

    /month
      
    From

    R2100

    /month 
     
    From

    R4200

    /month
             
    Read more...

    Payroll Administration

    You may select the below services as individual services or as a monthly service. If you select the monthly service it will be an all inclusive service whereby we will process your payroll for you and do all monthly and other submissions to the relevant authorities.

      

    Some interesting facts regarding your business' payroll:

    1. Did you know if you are a member of a CC you need to deduct PAYE/UIF from your salary/money you draw from the business and pay over monthly. 
    2. Did you know if you use a casual woker for more than 24 hours in a month you need to deduct UIF from his salary, declare and pay over to the Department of Labour. 
    3. Did you know that UIF deductions from employees must be declared to the Department of Labour monthly on a seperate form, stating details of every single employee? 
    4. Did you know if your total payroll amount exeeds R500 000 a year you need to pay over Skill Development Levy (SDL) to SARS?
    5. Did you know that if you use Positive Trends Financial Services as your payroll partner you don't need to know all these "tricky" laws as we will handle everything on your behalf.

     

    Read more...

    MONTHLY ACCOUNTING SERVICE

    Welcome to the "Rolls Royce" service offering from Positive Trends Financial Services. if you include the Payroll service Positive Trends Financial Services will be your accounting department for you. You as a monthly accounting service client will get the below done per month and some more.

    Monthly accounting service include the following:

      • Customer Invoices
      • Customer Credit Notes
      • Supplier Invoices
      • Supplier Return & Debits
      • Bank Statement Transactions
      • Petty Cash Transactions (including Cash on Hand)
      • Reconciliation of Bank Statement
      • Payroll Journals
      • Depreciation Journals
      • Lease Interest Journals
      • Inventory Journals
      • General Journals
      • Compiling of Monthly Financial Statements (Monthly Managment Statements)
      • Management Meeting every month
      • Keeping record of Fixed Asset Register
      • Reconciliations of Debtors Accounts
      • Debtor Account Statements
      • Age Analysis for Debtors
      • Reconciliations of Creditor Accounts
      • Creditor Account Statement and Payment Request
      • Age Analysis for Creditors

    You as a monthly accounting service customer will also receive the following include in your service.

    • Annual Financial Statement
    • Annual submission to CIPC
    • Annual Tax submission to SARS
    • Monthly submissions for VAT if needed.
    • Monthly payroll submissions, PAYE, UIF and SDL (If you have taken this option).

     

    Cost:

    [alert type="info"] This all inclusive service (excluding Payroll Administration) starts from R950-00 per month. Please complete the form below to receive your quotation. [/alert] 

    [alert type="error"]Please take note for this service to commence you will need to be up to date with all processing up untill the start of the month where Positive Trends Financial Services do take over. [/alert]

     

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    ANNUAL ACCOUNTING SERVICES

    images-10Annual accounting service will include:

      • Data Processing
      • Payroll Journals
      • Depreciation Journals
      • Lease Interest Journals
      • Inventory Journals
      • General Journals
      • Keeping record of Fixed Asset Register
      • Compiling of Annual Financial Statements
      • Minutes of Meeting
      • Audit Pack for External Auditors 

    All the above is done with the sole purpose of compiling the Annual Financial Statments (AFS). The annual financial is used to do the submission to CIPC (Statutary requirement) and SARS (Tax requirement).

    Read more...
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