AH Gerber Chartered Accountants

16/05/2016

Invitation to attend Gordon's Bay Business Forums conference, exhibition and networking event on 31 May 2016. Contact Anton at [email protected] or 082 422 3041 for registration form

25/02/2015

2015 tax proposals:
• Personal income tax rate increase of 1% but because of increase in rebates only those earning more than R500 000 per annum will pay more tax
• Tax paying threshold now R73 650 below 65, R114 800 for age 65 to 75 and R128 500 above 75
• Fuel and Road Accident Fund levy increases, thus petrol price increase
• Tax free savings accounts available from 1 March
• Trust income tax rate increase to 41%
• Temporary 2c per kWh increase in electricity tariff
• Transfer duty eliminated for properties below R750 000 but increase in rates above R2,25 million
• Rise in to***co and alcohol excise duties
• More tax benefits for micro businesses and small business corporations
• Central government supplier database to be introduced
• 2% growth expected
• 4.3% inflation rate expected
• 3.9% deficit expected

02/05/2014

IT’S YOUR BUSINESS
A lot of smaller business owners do not have the time or expertise to ensure they comply with relevant laws and regulations and good business practice. Your accountant can help as they will have the required skills and professionalism to assist you in your business affairs. Some tips are:

• Keep your accounting records up to date. A monthly management account assists you to see what has happened and where you are going over the year and highlights problems earlier.
• Keep all your expense slips and invoices - it is impossible to remember a few months later what they were for if not clearly marked. It is also expensive to request older bank statements from the bank.
• Issue sales invoices in sequence and keep the ones that were cancelled.
• Ensure that your purchase invoices comply with the VAT act to enable you to claim everything you can.
• Ensure you retain your documents for at least five years.
• Back up your electronic records on a regular basis and preferable store this in another location.
• Ensure compliance with tax laws and submit returns on time. Avoid penalties and interest.
• You may qualify for the new employee tax incentive scheme and get some tax back.
• Payrolls must adhere to several Acts and calculated correctly – this changes very year.
• You may qualify as a level 4 BBBEE contributor.
• Your company or close corporation may qualify as a small business corporation and have a bigger tax break.
• Home office expenses can be claimed in certain circumstances
• Ensure that your tax practitioner is registered with SARS.
• Check that your company or close corporation is up to date with CIPC annual fees to avoid deregistration and ensure details are up to date with them.
• Your company may not need an audit or AGM anymore – change your memorandum of incorporation.
• Use an accountant that is registered with one of the professional bodies in SA.

For a consultation and assistance, contact Anton Ge**er at AH Ge**er Chartered Accountants on 082 422 3041 or at [email protected] and visit our website www.gerbercasa.co.za.

Chartered Accountant in Gordon's Bay, Helderberg, Western Cape

06/01/2014

IMPORTANT DATES:

VAT returns and payments - within 25 days of end of VAT period
PAYE/UIF/SDL EMP201 submissions and payments - within 7 days of the next month
CIPC annual return and payment - annually on anniversary of registration of company or close corporation
Annual financial statements - within 6 months of year end
Tax returns for companies and close corporation - within 12 months of year end
provisional tax returns - six monthly
Tax year end for individuals and trusts - 28 February

31 January 2014 - deadline for submission of tax returns for provisional taxpayers on efiling

28 February 2014 - tax year end - update logbooks

31 May 2014 - end of employer's tax season - EMP501 reconciliation and IRP5 certificates

1 July 2014 - start of personal tax submission season

27 September 2014 - deadline for submission of manual tax returns

31 October 2014 - end of interim employer's tax reconciliations of EMP501

22 November 2014 - deadline for submissions of personal tax on efiling

December 2015 - deadline for submission of document on access to information for small businesses in terms of the Public Access to Information Act.

02/10/2012

UIF contribution increases

The upper limit on which UIF contributions is calculated has been increased from R12 478 to R14 872 per month, effective from 1 October 2012.
This means that the maximum monthly contribution that must be paid respectively by the employer and employee increases to R148.72.

05/07/2012

I am honoured to be selected as the Gordon's Bay Business Forum's entrepeneur of the month. Thanks for all the support. See article in Gordon's Bay Reviews for July.

21/06/2012

Beware of a scam based on an email allegedly from SARS; telling you that you can claim a refund and asking for your bank details.

15/06/2012

2012 tax season for individuals opens on 1 July 2012. Deadline for submission of manual returns is 28 September 2012, efiling 23 November 2012 and efiling for provisional taxpayers 31 January 2013. Contact me to assist you on 0824223041 or [email protected].

01/06/2012

IT’S YOUR BUSINESS
The most important issues to consider when you decide on the best format to operate your business in are the tax, legal, financial and administrative issues, not only for your business but also for yourself and your estate. This article only highlights certain issues and a consultation with a professional is required to ensure that you obtain comprehensive advice.

• Sole proprietor – personally liable for tax, business debts and legal actions. Minimal formalities to form and operate. Tax rate based on profits and your other taxable income.
• Partnership – personally (jointly and severally) liable for tax, business and legal actions. Require partnership agreement. Tax rate based on your profit share and other taxable income.
• Company and CC – only personally liable for tax, business debts and legal actions in certain limited circumstances. Formal registration required with Memorandum of Incorporation. Flat tax rate dependent on taxable profit after director’s salaries.

Some of the laws that will place obligations on your business, regardless of the business format chosen, are:
• Taxes – income tax, VAT, PAYE, skills development levy, capital gains tax, dividend tax, import duties
• Unemployment insurance, workman’s compensation, basic conditions of employment
• Companies Act (including Close Corporation Act) – registrations, directors duties and liabilities, possible audits, accounting records, annual returns
• Public Access to Information Act – manual to be prepared
• Prevention and Combatting of Corruption Act – duty to report
• Consumer Protection Act – contracts, advertising, warranties, product liability, quality and safety, franchises, business names, disputes
• National Credit Regulations – credit agreements and interest rates
• Municipal by-laws - business licenses, zoning
• Various other acts that regulate retention periods of documents and other operational and environmental issues

21/05/2012

Summary of services we offer:

Accounting Services
• Processing your documents and bank statements
• Reconciliations
• Age analysis
• Bookkeeping to trail balance
• Accounting
• Monthly management accounts
• Budgets and forecasts
• Cash flows
• Financial reports including income statements and balance sheets
• Annual financial statements for sole proprietors, partnerships, close corporations, trusts, companies, non-profit organisations
• Annual financial statements with accounting officer report or independent review report

Taxation Services
• Tax advice and planning
• Personal income tax calculations and returns
• Provisional tax calculations and returns
• Efiling – registering and submissions
• VAT calculations and returns
• CGT - capital gains tax calculations and returns
• Employee tax/ PAYE calculations returns
• IRP5 certificates and reconciliations
• Business tax for sole proprietors, partnerships, close corporations, trusts, companies and non-profit organisations
• Company tax calculations and returns
• SDL – skills development levy calculations and returns
• UIF - unemployment insurance fund calculations and returns
• STC and dividend tax

Business Services
Consulting
• Business formats and operation
• Internal control
• Business processes
• Accounting systems and procedures
• Risk management
• Corporate governance
• Accounting training
Independent reports
• Accounting officer’s report
• Independent review reports
• Commissioner of Oaths
Company Secretarial
• Company name reservations
• Company registration and incorporation
• Company and close corporation updates and changes
• Annual return submissions

20/02/2012

business-index.co.za, your free South African business directory and company index, Find local businesses in your area, online search

08/02/2012

You can now get professional accounting, tax and business consulting services right here in Gordon's Bay and in the Helderberg region as well as in the surrounding Western Cape areas. Contact us on 082 422 3041 or email [email protected] for a discussion of your requirements. See list of our services to you as an individual or business.