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.

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

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]

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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.

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]

Annual 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).

The following are Statutory tax returns that needs to be submitted on a regular basis.

[alert type="info"] Most of the below services are included in Monthly Accounting Service offering. [/alert] 

[alert type="info"] Please complete the below form. [/alert]

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The following are services offered:

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Income Tax Returns - Submission

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Cost: From R3950-00

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Verification of Assessment

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Cost: From R750-00

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Objection against Assessment

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Cost: From R750-00

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Tax Clearance Certificate

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Cost: From R350-00

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Resolve Tax Clearance Certificate issues

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Cost: From R350-00

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Provisional Tax

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Cost: From R3950-00

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Calculate Capital Gains Tax

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Cost: From R350-00

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Withholding tax on dividends

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Cost: From R350-00

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[alert type="Error'] All the above services are included in the Monthly Accounting Service offering [/alert] [alert type="info"] Please complete the form below [/alert][/pb_text][/pb_column][/pb_row]

When completing your return, have your supporting documents at hand. You may need to refer to some of the supporting documents listed below, while completing your return; however, you must not submit them to SARS. You must keep them safely in your possession for at least five years in case SARS needs access to them in future.

• Your IRP5/IT3(a) certificate(s) which you will receive from your employer

• Medical certificates as well as documents required for amounts claimed in addition to those covered by your medical aid.

• Pension and retirement annuity certificates

• Your banking details

• Travel logbook (if you receive a travel allowance)

• Tax certificates that you received in respect of investment income (IT3(b))

• Completed confirmation of diagnosis of disability (ITR-DD), where applicable

• Information relating to capital gain transactions, if applicable

• The approved Voluntary Disclosure Programme (VDP) Agreement between yourself and SARS for years prior to 17 February 2010, where applicable

• Financial statements, e.g. business income, where applicable

• Any other documentation relating to income you received or deductions you want to claim.