The Tax Shop Accountants Somerset West | Accounting

Accounting

We consider professional service delivery to be a cornerstone of our business. Accounting services range from basic bookkeeping to the compilation of complex financial statements. Whether you are a small, medium or large enterprise we will determine the perfect package for you. Some businesses are required by laws governing the entity type to prepare annual financial statements. Others may have no legal requirement for financial statements, but may still need to prepare financial statements for the purposes of satisfying financial institutions, SARS, etc.

Whether your need is for monthly bookkeeping, quarterly budget meetings or annual financial statements we are able to meet every need with professionalism and excellence.

"People expect good service but few are willing to give it."

Our accounting services include (but are not limited) to the following:

Monthly, quarterly and annual bookkeeping services

Management

reporting

Budgets and

forecasting

Annual financial

statements.

Submission of tax and other returns linked to the accounting function.

Our monthly service offerings

Looking for the perfect solution to your monthly bookkeeping needs?

Have a look below at what we offer to not only ensure your bookkeeping and tax stuff is always up to date, but also making your life a lot easier.

Ignite - Start Smart

from R3650.00 per month

Essential Bookkeeping and compliance support for startups and small businesses ready to spark success.

Elevate - Grow with Confidence

from R6500.00 per month

A mid-tier solution with deeper financial insights, growth-focused strategy and proactive support.

Ascend - Lead with Clarity

from R10 750.00 per month

Premium, high-touch services including full-scale accounting, advisory and reporting to power your business to the top.

Pricing to assist with 2024 Income Tax Return Submissions

Below please find our basic fee structure to assist with Individual Tax Returns.

Please note that these prices are starting prices and additional charges may apply in certain cases.

A bit more about this further down; let's get the basics done first.

SARS Auto Assessments

from R1265.00

Note that even though SARS automatically assessed your return, the onus still remains yours to ensure that it is in fact correct.

We will review and provide feedback on the Auto Assessment raised by SARS.

Should the assessment need to be revised, additional charges may apply depending on whether the final and correct return will be classified as Basic, Detailed or Complex.

Basic Tax Return

from R1365.00

If the following applies to you:

IRP5 Certificates - Employment & Pension
IT3(a) Certificates - Employment & Pension
IT3(b) Tax Certificates - Interest Earned
Dividends Received
Medical Aid Contributions
Retirement Annuity Contributions

Detailed Tax Return

from R1725.00

If the following applies to you:

Same as for Basic Return, PLUS
IT3(c) Tax Certificates for Capital Gains Transactions
Out of Pocket medical expenditure not submitted to Medical Aid (invoices and proof of payments to be provided)
Travel Claims against source codes 3701 and 3802.
Rental Income & Expenditure on property(ies) rented out
Donations Tax Certificates received from registered PBO's
Details of properties/investments sold (for CGT purposes)

Complex Tax Returns

from R2250.00

If the following applies to you:

Any elements from Basic and/or Detailed Returns, PLUS
Claims for expenditure incurred against Commission Earnings, such as home office expenses, airtime, data, entertainment, fuel etc.
Profits/Losses on investments in cryptocurrencies where they were not held as investments
Trade Profits/Losses as a Sole Trader
Trade Profit/Losses from farming activities
Distributions received as a beneficiary of a Trust
Any other income earned not listed anywhere above

Some Additional Charges

from R750.00

The following is not included in any of the above:

Request for Remission against penalties levied by SARS
Additional Supporting documents requested by SARS. This included any additional documents and /or information not already requested and provided to SARS
Notice of Objection/Appeal
Suspension of Payment Requests
Sorting and summarising of slips/receipts
Updating of personal details via e-Filing
Updating of personal details via SARS appointment
Request for removal of Special Stoppers
SARS telephonic follow ups
Follow ups on refunds due from SARS

Just to Recap

All prices above are starting prices. Should any additional work, resulting in additional charges be required, we shall advise you accordingly before proceeding.
Fees are based on providing SARS with the standard documentation they would have requested and accepted in the past. SARS is however getting stricter each year and in certain cases they request more detailed information. Preparing and submitting this additional information will result in additional charges. As SARS is note 100% consistent with these requests, we unfortunately do not know upfront what they may or may not request.
Any administrative work (sorting and summarising of receipts and/or summarising bank statements) will raise a per hour admin charge, of which you will be informed before proceeding.
For Travel Claims, a SARS approved logbook needs to be provided. We can provide assistance with compiling a logbook for a minimum fee of R2750.00
Note that should we file your return via your own personal e-Filing profile, and it is not shared with us, it will be your responsibility to inform us should SARS issue you with any correspondence.

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