BHA Durban Inc.
Bookkeeping is a very important part of any business. This is where all financial information regarding the day to day business operations are processed. Therefore, we place much emphasis on this function of the business. Business owners need accurate and reliable information on a timely basis. This part of the business is critical for cash flow management and decision making. By having a good bookkeeping function in your business, it allows us to analyse financial data to give us direction of where the business is heading. This can help management see threats and weaknesses and act upon these timeously. BHA provides a complete outsourced bookkeeping function to SMME’s. These services can include the following:
- Day to day processing needs of the business (customer and supplier invoices, bank, debtors, creditors and employee cost).
- Creditors management and control.
- Debtors management and control.
- Reconciliation of bank and cash account.
- VAT reconciliations, submission and SARS audits.
Payroll
Payroll can be a complicated and timely exercise for most businesses. With all the continuous changes in payroll taxes and the complexity of statutory returns and reconciliations, it is beneficial for entities to outsource this function to a team of professionals that deal with this on a regular basis. At BHA we provide a complete outsourced payroll function to any small to medium-sized entities which include:
- Weekly and monthly payroll processing
- Preparation and submission of monthly EMP 201’s.
- Bi-yearly EMP 501 reconciliation and yearly IRP5’s
Taxation
Taxation is always a topic which most people don’t like to talk about. However, it is a part of every person’s and business’ life and cannot be ignored or taken lightly. Therefore compliance with tax legislation is of the utmost importance. Tax is very complex as legislation is continuously changing and keeping up to date with all the amendments can be challenging.
At BHA have a passion for tax legislation and have an exceptional team when it comes to individual and corporate tax matters.
We provide the following tax services:
- Preparation and submission of individual tax returns.
- Preparation and submission of company and trust tax returns.
- Doing tax opinions on complex tax matters.
- Dealing with all SARS correspondence on your behalf.
- PAYE, UIF and SDL registrations.
- VAT registration.
Annual Financial Statements
Annual financial statements are part of any business. With the strict regulation of the Companies Act and Close Corporation Act in South Africa, it is very important for a business not to neglect this function and compromise is not an option. With complex reporting frameworks like The International Financial Reporting Standard (IFRS) and The International Financial Reporting Standard for small and medium-sized entities (IFRS for SME’s) as required by the Companies Act and Close Corporations Act, it is important for businesses to appoint an expert to assist with the preparation and assurance of their Annual Financial Statement.
We at BHA have an excellent understanding of the reporting frameworks and provide the following services:
- Compilation of Annual Financial Statements
- Independent review of Annual Financial Statements.