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Let Us Manage Your Accounting

We handle all payroll tasks and tax filings to grant you the freedom to lead your company's growth

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Our Value Service Offering

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Accounting Services

With any new or established business, one of the most critical aspects is the accounting and bookkeeping function.

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Our accounting and bookkeeping service captures your financial data from source documents and maintains your books through to trial balance, using your preferred cloud-based accounting software.

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Payroll Services

We take care of your payroll and
statutory payments allowing you time
to focus on your business.

 

We use the best match Cloud-based Payroll systems for your business and give you peace of mind that your compliance obligations with SARS and the Department of Labour are taken care of.

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Company Secretarial Services​

Compliance services with both the
Companies & Close Corporations Acts is an ongoing requirement of
businesses.


If you are starting a new business,
growing your business or downscaling, we are ideally suited to guide you along this path with care and dedication.

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Taxation Services

As Registered Tax Practitioners with SARS, we provide tax compliance and advisory services to both individuals and companies.

 

Our team has practical, in-depth tax knowledge and is ready to assist you with any tax-related queries you may have.

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Expanded Solutions

From the initial setup we offer the expert
insight and company secretarial assistance required to maintain
compliance during your business evolution.

Accounting Services

  • Appointment as Accounting Officer for Close Corporations (CCs)

  • Cloud-based accounting setup and ongoing management on your preferred software

  • Backlog accounting to bring historical records up to date

  • Monthly accounting operations, including data capture, bank reconciliations and transaction processing

  • Monthly management reports, including profit and loss statement.
    balance sheet, cash flow statement, accounts receivable (debtors)
    and accounts payable (creditors) summaries

  • VAT registration and submission of monthly or bi-monthly VAT201 returns

  • Budgeting and financial forecasting

  • Preparation of annual financial statements using Draftworx software

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Payroll Services

  • Full payroll function on your preferred cloud-based payroll software

  • Processing of salaries, wages and all statutory deductions

    • Flexible payroll cycles: monthly, weekly and bi-weekly

    • Detailed payroll schedules and reports

    • Secure, compliant payslip generation

    • Leave management setup and administration

    • Employee self-service access to submit leave and download payslips

  • Submission of monthly EMP201 employer declarations to SARS for:

    • Pay-As-You-Earn (PAYE)

    • Skills Development Levy (SDL)

    • Unemployment Insurance Fund (UIF)

    • Employment Tax Incentive (ETI)

  • Submission of bi-annual EMP501 reconciliations to SARS

  • Issuing of annual IRP5 certificates for all employees

  • UIF registration with the Department of  Labour (DoL)

  • Monthly UIF declaration submissions to DoL (UI-19)

  • Workmen’s Compensation (COIDA) via DoL/Rand Mutual Assurance (RMA):

    • Registration

    • Annual return submissions

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Company Secretarial Services

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  • Registration of new companies

  • Company name reservations and name changes

  • Director amendments

  • Conversion of Close Corporations (CCs) to Private Companies (Pty) Ltd

  • Changes to financial year-end

  • Changes to registered office address

  • Requesting disclosure certificates

  • Submissions and updates to CIPC

    • Filing of annual returns and beneficial ownership information

    • Deregistration of companies

  • Share-related services, including:

    • Special resolutions

    • Increases in authorised share capital

    • Transfer of shares

    • Issuing of share certificates

    • Payment of securities transfer tax

  • Registration with the Information Regulator (POPIA & PAIA)

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Taxation  Services

  • Personal and Company income tax services

  • Income tax registrations

  • Registration of the Registered Representative

  • Updating SARS details (banking and contact information)

  • Preparation and submission of annual individual and company tax returns (ITR12 and ITR14)

  • Calculation and submission of bi-annual provisional tax returns (IRP6 – August and February)

  • VAT registration and submission of monthly or bi-monthly VAT201 returns

  • Registration for employee taxes (PAYE, SDL, UIF, ETI) and submission of monthly EMP201 returns

  • Bi-annual employee tax reconciliations (EMP501 and IRP5's)

  • Support with tax verifications, audits, objections and appeals, including:

    • Submission of supporting documents

    • Liaison with SARS and the Tax Ombud

  • Request tax clearance certificates

  • Apply for tax directives

  • Dividends tax submissions

  • Donations tax submissions

  • SARS payment arrangement requests

  • Tax compromise and debt relief submissions to SARS

  • Calculation of capital gains tax

  • Requests for Certificates of Residence (RC01)

  • Tax deregistrations

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Email: optifin@gmail.com                Phone: 083 748 6033 

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