Companies Services
MONTHLY BANK RECONCILIATIONS
Monthly bank reconciliations are a crucial financial practice for businesses. They involve comparing the company’s recorded transactions with the bank statement to ensure accuracy and identify any discrepancies. By reconciling the company’s internal records with the bank’s records, businesses can verify that all deposits, withdrawals, and fees are accurately reflected. This process helps to detect errors, such as missing or duplicate transactions, and identify any fraudulent activities. Monthly bank reconciliations provide businesses with a clear and up-to-date understanding of their financial position, allowing them to make informed decisions and maintain financial integrity. Additionally, reconciling bank accounts regularly can help identify cash flow issues, uncover errors in financial statements, and ensure compliance with internal controls and financial regulations.
CUSTOMIZED FINANCIAL REPORTS
Customized financial reports play a crucial role in providing businesses with valuable insights into their financial performance and aiding in decision-making processes. These reports are tailored to the specific needs and requirements of a company, allowing for a comprehensive analysis of key financial data and metrics. By presenting information in a clear and organized manner, customized financial reports enable business owners, executives, and stakeholders to assess profitability, cash flow, and overall financial health. These reports can include balance sheets, income statements, cash flow statements, budget vs. actual comparisons, trend analyses, and other relevant financial indicators. By customizing reports based on specific business goals, industry standards, and key performance indicators, businesses gain a deeper understanding of their financial performance and can make strategic decisions to drive growth, optimize resources, and improve financial outcomes.
VAT RETURNS
Nuturn offers comprehensive assistance with South Africa VAT returns. Value Added Tax (VAT) is an important component of the South African tax system, and businesses are required to comply with VAT regulations by submitting accurate and timely VAT returns.
Our team at Nuturn has in-depth knowledge and expertise in South Africa’s VAT laws and regulations. We can guide businesses through the process of VAT registration, ensuring they meet all the necessary requirements. Once registered, we assist in preparing and submitting VAT returns on a regular basis, typically on a monthly or bi-monthly basis, depending on the business’s specific requirements.
PAYROLL SERVICES
Yes, Nuturn offers comprehensive payroll services to businesses. Managing payroll can be a complex and time-consuming task, but our team at Nuturn is equipped to handle all aspects of payroll processing, ensuring accurate and timely payments to employees.
Our payroll services include calculating wages, salaries, and benefits based on employee hours, commissions, or other agreed-upon compensation structures. We handle all necessary deductions, such as taxes, Social Security contributions, and other withholdings, to ensure compliance with relevant regulations.
COMPANY SETUP
Nuturn specializes in company setup and registration services, including assistance with the Companies and Intellectual Property Commission (CIPC) and annual returns.
When starting a new company, our team at Nuturn can guide you through the process of registering your business with the appropriate authorities. This includes assisting with the necessary documentation, such as drafting and filing the company’s memorandum of incorporation, registering the company name, and obtaining the required certifications or permits.
COMPENSATION FUND
Workmen’s compensation is to be paid by employers for each employee (not applicable to contract workers). It is insurance against occupational injury, diseases or even death. As such, all employers need to comply for their employees to make claims in the unfortunate event of injury, disease or death
ADDITIONAL ACCOUNTING SERVICES
Send Customer Statements (Request Quote)
Posting Invoices (Request Quote)
Debtors reconciliations – Follow Up Outstanding Accounts (Request Quote)
Creditor Reconciliations (Request Quote)
Customer support provided via email or telephone (Request Quote)
Tax Services
Compile VAT Report and VAT Returns (R250 Bi-monthly)
Company Income Tax Returns (R350 per year)
Provisional Tax Returns – Interim & Final (R500 per year)
Compiling Financial Statements (R1999 per year)
EMP501 Annual and Bi-Annual Returns – IRP5 and IRP3 certificates (From R600 per year – 5 employees) PLEASE REQUEST QUOTE
Company Legal Requirements
CIPC Registrations (From R400)
CIPC Annual Return (From R200)
Compensation Fund Returns (R350)
