Services


button shaped circle with grey filesMonthly Bookkeeping And Accounting

Do you want to concentrate on making your business a success not spending hours worrying about bookkeeping and balancing spreadsheets, so why not let Conclusive Accounting take away the hassle of the bookkeeping from you.
No job is too small, our competitive rates make it sound so sensible that you wonder why you did not consider it before! Whether you are a sole trader, partnership or limited company, you can outsource your bookkeeping to us and get all the relevant reports you need whenever you need them. It’s simple, efficient and cost-effective.

  •  Cash Books
  • Debtors
  • Creditors
  • General Ledger Accounts
  • Monthly Management Reports
  • SARS monthly and annual Submissions
  • Annual Financial Statements Preparation
  • Collection Of Documents

 

button shaped circle with grey folder and percentage signFinancial Statements

It is a standard practice for businesses to present financial statements that adhere to generally accepted accounting principles (GAAP), to maintain continuity of information and presentation across international borders. As well, financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing or investing purposes. Financial statements are integral to ensuring accurate and honest accounting for businesses and individuals alike.

  • Un Audited Financial Statements
  • Audited Financial Statements

 

button shaped circle with grey person and dollar signCompany Registrations And Amendments

New PTY Company Registrations – There are five types of companies that you can register. If you wish to run a franchise business, you would register a private company. If you wish to register a church, you would register a non-profit company. A private school could be registered as a private company or non-profit company, depending on its objectives. An association of professionals such as lawyers, doctors, civil engineers etc, may be registered as a personal liability company.

NPO Registrations – A non-profit company is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest. The income and property of a non-profit company is not distributable to its incorporators, members, directors, officers or persons relating to any of them and must be used to advance the purpose for which it was created, as set out in its MOI. A non-profit company must have at least three incorporators and three directors and may be registered with or without members. A non-profit company is not required to have members. The members of a non-profit company are persons who participate in the activities of the non-profit company, such as members of a church or a pension fund. Non-profit companies registered without members, may be registered with a standard or a customized Memorandum of Incorporation (MOI)

Shelf Cc – A shelf company or “close corporation” is a business entity that was pre-registered. These companies/close corporations have no assets or liabilities and have never conducted business.

Company Restorations – CIPC will only re-instate a company or close corporation if:
The company or close corporation was in business at the time of deregistration (Sufficient documentary evidence in the form of bank statements for a period of six months before and six months after deregistration are required).
Immovable property is registered in the name of the deregistered business; or
The court issued an order re-instating the company or close corporation.

If none of the above can be proven by the documentary evidence, the CIPC will not re-instate the company or close corporation and it is advised that a new company be registered.

  • Company Amendments – We can assist you in any amendments that need to be made to your company, cc or NPO
  • Close Corporation Conversions To A PTY Ltd – A close corporation may have grown substantially and in order to expand even further, an injection of additional capital by way of shareholders may be envisaged.

Or, the CC may find itself competing with large companies (Pty’s) and believe that they too should become a Pty to “even the playing fields” in the eyes of their market / customers. Accordingly they decide to convert their CC to a registered company.

  • CIPC Returns And Submissions – All companies and close corporations are required by law to file their annual returns with CIPC within a certain period of time each year. CIPC uses this information to ensure that it is in possession of the latest information of the company or close corporation and to determine whether the company or close corporation is conducting business activities

 

button shaped circle with grey tax folder and magnifier glassSouth African Revenue Services

We will assist you with the registrations of all SARS requirements.

  • We register your company for PAYE, UIF, SDL and Vat.
  • We also register individuals for Income Tax
  • SARS issues very high penalties and interest for late submissions of company tax ( Provisional Tax and IT14 Tax) and Individual Tax .
  • We will assist you with the submissions and calculations of your returns for companies and individuals.
  • Tax Clearance Applications – All companies and Individuals require a Tax Clearance, for tendering, Good Standing, Buying and selling of property or for which ever other reason. We will apply for your tax clearance certificate.

 

button shaped circle with grey file and alert signCIDB Registrations

We will assist you in registering your company with CIDB . When your company has been registered and graded by the CIDB, it qualifies to start doing contract work and apply for tenders

 

button shaped circle with grey person and dollar signWorkmens Compensation

Every company that employees 1 or more employees must register with COIDA ( Workmens compensation) and declare the company’s annual payroll every year. Most Companies require a letter of good standing before any job commences, which is issued by Workmens Compensation provided that your company is registered and annual returns have been submitted and paid. Should injuries to your employees occur, you can claim through workmens comp.

 

button shaped circle with grey file and alert signBEE Certificates

EME Level – Any enterprise with an annual total revenue of R5 million or less, or is a recently formed or incorporated entity that has been in operation for less than one year (start up enterprise) would qualify as an Exempted Micro Enterprise (EME). EME’s are deemed to have B-BBEE Status of “Level 4 Contributor” having a B-BBEE procurement recognition of 100%. If an EME’s is more than 50% black owned, it is elevated to have a “Level 3 Contributor” having a B-BBEE procurement recognition of 110%.

More than 50% Black Owned means an entity in which:

  • black people hold more than 50% of the exercisable voting rights
  • black people hold more than 50% of the economic interest
  • has earned all points for Net Value

QSE BEE Certificate and Verification – A business with an annual turnover more than R10 million but less than R50 million qualifies as a Qualifying Smaller Enterprise (QSE). The QSE scorecard was gazetted in May 2015. Please refer to the codes from page 38 in this government gazette for the scorecard. Please note the additional criteria for Empowering Supplier; kindly refer to page 4 of government gazette 38765

All QSE’s are required to use all 5 elements on the amended BEE Scorecard:

  1. Ownership
  2. Management Control
  3. Skills Development
  4. Enterprise and Supplier Development
  5. Socio-Economic Development

A QSE which is 100% or more black owned automatically qualifies as a Level 1 BEE supplier. A QSE which is 51% Black Owned automatically qualifies as a Level 2 BEE supplier. Therefore a QSE entity of this nature only requires an affidavit in order to state their BEE level and is not required to conduct a full verification.

Generic entity – with an annual turnover of more than R50 million per annum is measured against the Generic BEE Scorecard as gazetted in October 2013.
For the 2013 BEE CoGP, Generic entities are required to use all 5 elements on the amended BEE Scorecard:

  1. Ownership
  2. Management Control
  3. Skills Development
  4. Enterprise and Supplier Development
  5. Socio-Economic Development

Generic entities are required to qualify under one of the following criteria in order to receive a Generic certificate;

  • At least 25% of costs of sales excluding labour costs and depreciation must be procured from local producers or local supplier in SA (for service industry labour cost are included but capped to 15%)
  • 50% of jobs created are for Black people provided that the number of black employees since the immediate prior verified B-BBEE measurement is maintained.
  • At least 25% transformation of raw material/beneficiation which include local manufacturing, production and/or assembly, and/or packaging.
  • At least spend 12 days per annum of productivity deployed in assisting black EME’s and QSE’s beneficiaries to increase their operation or financial capacity.
  •  At least 85% of labour costs should be paid to South African employees by service industry entities.

 

button shaped circle with grey calculatorPayroll Services

We use pastel Payroll and can assist with the weekly, fortnight and monthly payroll of your staff. We also generate your employees IRP5 and IT3A certificates and submissions to SARS.

 

button shaped circle with grey filesBacklogs

Many of our clients come to us with boxes and packets of slips ect that needs to be sorted out and to get the company’s books up to date. We specialise in this, and we offer great discounted rates to get your books up to date, and all monthly and annual reports of the financial status of your business all back in order. We also attend to any backlogs with SARS that need to be submitted.