ServicesStrategy. Planning. Execution.
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We offer the following services
Cloud accounting refers to the use of online platforms to process and capture accounting information. The use of cloud accounting systems have a huge impact on the reduction of redundant time-consuming work that most Bookkeepers, Accountants and Accounting firms are faced with.
As independent tax consultants, we assist business, individuals and organisations with tax strategy, planning and compliance on a local and nationwide basis. We have experience in working with different types of entities such as companies, privately-owned organisations, entrepreneurs, family businesses, trusts, partnerships and private individuals.
Grit Accountants provides a payroll service for monthly and weekly payroll cycles, including the production of monthly reports and we offer the alternative of security-sealed or electronically delivered payslips.
In addition, we provide a full end of tax year service including the production of all statutory employer and employee information.
Why employ a full time bookkeeper when you can cut your costs and outsource your financial department to experts? Grit Accountants provide a monthly bookkeeping service to clients. Monthly management accounts are provided that will keep you well informed at all times. We assign a dedicated consultant to each client, ensuring that you have a single point of contact for all your accounting needs.
Wills & Trusts
As independent estate planning consultants, we offer complete estate planning services to structure and protect your assets during life and after death.
Estate planning is an essential part of personal financial planning. Changing personal circumstances as well as a changing legislative and financial environment make it vital for everyone to look carefully at the way their affairs are ordered. We at Grit Accountants know that estate planning is complex. Overlooking or neglecting any aspect thereof can create problems in the future. To prevent this, we have advisors who ensure that estate plans comply with legal and personal requirements.
Accounting & Advisory Services
Compiling of annual financial statements in order to comply with statutory law as well as the review of financial statements.
Grit Accountants also provide:
- Preparation of management accounts.
- Help with financing decisions.
- Analysing your business results.
- Advice on improvements.
Grit Accountants also specializes in new company registrations and registrations with SARS for Income Tax, VAT, PAYE, UIF as well as registration with the Compensation Commissioner.
We deliver an integrated all-round value-adding solution throughout the life-cycle of a business. From an entrepreneur starting a new business to business analysis and strategic planning for established businesses. We also assist with business rescue to the financially distressed and valuations on fixed assets and shares for the retiring businessman.
Valuations play an important role in various aspects. It is imperative that your fixed property and your movable assets be accurately determined in order to prevent you from losing money. We will accurately determine the fair market value of any property, whether you are buying, selling, letting or attending to a deceased estate or a divorce settlement.
Statutory compliance is an essential part of your business activities, but very time consuming and could cost a lot of money. We offer our services to anyone who wants to start a business or maintain the requirements by the new Companies Act 2008 and CIPC or all who might be interested in outsourcing their corporate statutory departments. We focus on providing continuing excellent service to our clients, and treat each client in a unique way according to expectations.
Amendments to existing companies including the following:
• Change of directors.
• Transfer of shares/Redemption of shares/Share buy-backs/Issue of shares.
• Change of registered address.
• Change location of company records.
• Appointment of company officials.
• Change of company year end.
• Change of company name.
• Special Resolutions.
New Memorandum of Incorporation
Amendment of existing companies’ memorandum & articles of association to a new MOI
Lodge annual returns for Companies and Close Corporations
Maintenance of Statutory records, company register and minute books
Close Corporation Amendments
Amendments to existing CC’s including the following:
• Change of members/member’s interest
• Change of CC’s name
• Change of CC’s year end
• Change of registered address
• Appointment of accounting officer
Application for deregistration of Companies and Close Corporations
Disclosure certificates for confirmation of latest information on the CIPC data base
Apply for copies of lost / duplicate documents from CIPC
Registering companies with a customised Memorandum of Incorporation
Registering companies with CIPC Memorandum of Incorporation
Application to reinstate Company or Close Corporation
Changing of details in shelf companies
Frequently Asked Questions
Why should I register for Value-Added Tax (VAT)?
Why must I register for Income Tax?
If your earnings for a given tax year are above the tax threshold, you are obliged by law to register for income tax. If you are an individual who is younger than 65years and earned more than R R63,556 in the 2013 tax year, you must register for income tax. And so should an individual who is 65 years and older and earned R99, 056. The amount increases to R110, 889 if you are older than 75 years.
When is my VAT payment due?
VAT payments are due by the 25th day of the first month commencing after the end of the tax period, for businesses who file their returns and make payments electronically. For eFiling it is the last business day of the month after the end of the tax period.
Do I need to submit my logbook and in what format do I need to compile the logbook?
Yes, you need a log book to support your claim for expenses related to an employer-provided vehicle. However, you do not need to submit the log book with your ITR12 return. The log book must be maintained and retained with other relevant material for a period of five years from the due date of submission. Link to Logbook: www.sars.gov.za