Our Accounting & Tax Department offers the following services:
- Registration of the business entity with the Registrar of Companies and Close Corporations
and appointment as Accounting Officer.
- Registration of the client for all statutory
institutions for Income Tax, Value-Added Tax (VAT), Skills Development Levy (SDL),
Pay As You Earn (PAYE), Unemployment Insurance Fund (UIF), Workmen’s Compensation
and Regional Services Councils.
- Submitting of EMP201, VAT201, IRP6 and IT56
with payments to SARS.
- Submitting of monthly RSC returns with payments.
-
Submission of annual IT12 Tax Returns for individuals and trusts, IT14 Tax Returns
for Close Corporations and Companies.
- Reconciliation of IRP501 and issuing of
IRP5 and IT3(a) certificates to all relevant employees and members of close corporations.
- Reconciliation of IT34 – SARS assessments, after submission of IT12 and IT14 returns.
-
Lodging of formal objections to SARS regarding variances on IT34.
- Handling all
correspondence with / to SARS.
- Setting up of accounting systems on Pastel Accounting
software for clients according to specific sector and business requirements.
- Processing of monthly transactions from source documents i.e. cheques, bank statements
and invoices to compile a payments and receipts cash book.
- Allocation of payments
in cash books, credit card cash books and petty cash books to the relevant cost
centres applicable to Accounting Standards and the nature of the business.
- Monthly
bank reconciliations of cash books to establish outstanding cheques.
- Processing
debtors and creditors to obtain monthly age analysis.
- Full accounting system
to Trial Balance, Income Statement and Balance Sheet with CaseWare Accounting software.
-
If our client is registered with The Compensation Commissioner we submit a WAs8
before 31 March of each year.
- Compiling of Financial Statements which includes
Income Statement, Balance Sheet and Cash Flow Statement as at year end for submission
to SARS.
- Communicating with Bank Institutions on behalf of our client.

-
Providing cash flow and financial statements on a regular basis to the relevant
banking institution for purposes of re-evaluating credit facilities for the client.
-
Setting up of Comprehensive Business Plans and assisting with application for commercial
finance with Banking Institutions.
- Compiling of Private Assets and Liabilities
Statements for the individual and submission to SARS.
- Negotiations with the
clients of the business entity and construction of formal agreements between them.
-
Assisting with the completion and submission of Tender Documents.
- Analysing
of financial information to calculate certain relevant financial formulae as to
identify areas of attention within the core business activities i.e. Solvency and
Liquidity.
- We offer financial planning, estate and retirement planning for the
individuals of the business as well as for the business entity itself.
- Constructing salary packages for the employees and handling of the Income Tax affairs
with SARS.
- Full payroll administration function using the Pastel Payroll system
and providing weekly, fortnightly and/or monthly payment advices to all employees
of the business.
- Assisting with any employee disputes regarding employment contracts,
disciplinary hearings, leave pay, bonuses, increases etc.
- Working in conjunction with carefully selected partners, Fincor offers a full range
of trust company services, to ensure that your affairs are in professional hands
and that your loved ones are protected.