Accounting

Financial statements prepared for sole traders, partnerships and private companies, and accounts filed with CIPC.

• Company registration with CIPC and submission of returns
• Share certificates
• Cloud accounting software solutions from conversion to implementation
• Maintaining accounts
• Budgets and cash flow projections
• Monthly and quarterly reports
• Annual financial statements

Bookkeeping

Keeping accurate accounts and records is a legal requirement. We will maintain your accounts using cloud accounting software appropriate for the size of your business.

• Bookkeeping or support to bookkeepers
• Data capture and maintaining accounts
• Bank reconciliation
• Monthly reporting
• Debtors
• Creditors
• Backlog assistance

Tax

Tax advice

We will advise you on structuring your business as a sole trader, partnership or private company, with ongoing advice using the latest tax legislation.

Everyone wants to pay less tax, but don’t confuse tax avoidance with tax evasion! We’ll help you with the one but not the other! Confused about the difference? Call us. 

Tax returns

We offer comprehensive tax advice and services, including:

• Individual tax
• Completing and submitting tax returns for self-employed, partnerships and directors
• Corporate tax returns for companies

Vat

Once your annual turnover exceeds R1 million, it is no longer optional; you must register for VAT.

Unsure whether it would benefit you to register your company for VAT, even though your turnover is below the threshold? Contact us for a chat; we’ll give you the facts to help you decide.

• Vat registrations
• Vat returns

Payroll

Payroll services include calculating PAYE, benefits and leave, providing payslips, and submitting real-time information to SARS.

Payroll services

• Payslips
• Medical aid payments
• Pension contributions
• Car/travel/accommodation and other benefits
• Leave management
• SARS submissions
• UIF submissions
• COID submission

Statutory Company Audits

Company audits offer the highest level of assurance to third parties and include an in-depth examination and confirmation of account balances, inventory and specified transactions. We implement audits for you to eliminate errors and ascertain the validity and reliability of your data.

Whether it’s a tax audit you need, assistance to help you prepare for your external company audit, or an annual statutory company audit carried out on your business, we can help you.

Before your external compliance company audit:

Expecting an external audit?

We will conduct a thorough review to check whether your organisation or business meets the tax compliance requirements, and review your books to ensure you have a clean audit trail. The accountants at Equality are knowledgeable in all security policies and procedures that play an important role in managing audit trails.

Our audited and certified financial statements do an impeccable job of showing your investors, lenders, and you, where the money goes.

Statutory company audits

If your company requires an annual statutory audit under the Companies Act, Equality can assist with quality service.

We understand that trusting your financial information and knowing that you are compliant is essential. As such, we provide a sound statutory audit of your financial statements, which includes your secretarial records, Memorandum of Incorporation, minutes or resolutions and any other CIPC filings for private companies. Our commitment to quality is unwavering.

An annual statutory company audit has both a direct and an indirect purpose.  Whilst the audit is to check the accuracy of accounting records, indirectly audited financial statements are a transparent account of the company’s finances that provide insight into the value of the shareholder’s investment. The auditor’s purpose is to give an account of the validity and sincerity of the financial information. One of the first things a potential investor or buyer will do when carrying out due diligence will be to examine the company’s finances, and will always require audited statements for this purpose.

The appointment of auditors, their rights and duties, are set according to the law, as appropriate to the organisation.

New Company Registrations

When starting a business, it needs to be set up correctly from the start. Make an informed choice when you decide on a business format, and ensure you understand the requirements of the structure you choose. We will explain the differences to you, give you the pros and cons of each option, and ensure you are clear on the duties and obligations attached to your decision.

New company registration forms

Many new startups are unaware of all the compliance and registration forms they need to complete and submit.

• Income tax registration
• SARS registration
• PAYE registration
• UIF registration
• Register with the Compensation Fund
• VAT registration