Accounting Packages

Infinity Business packages

Payroll Package

^R550^{/ monthly}

From R550 per month (Exl of VAT)

Just Payroll -
Any company

PAYE Return EMP201
UIF Rerturn
Half Yearly EMP501 Recon
Yearly EMP501 Recon
Workmans Compensation Return
R75 per payslip extra

The Start Up

^R1 500^{/ monthly}

From R1 500 per month (exl of VAT)

Turnover below
R1 Million per year and not VAT Registered

Dedicated Accountant
Monthly processing and reconcilation transactons
1st Provisional Return
2nd Provisional Return
Annual IT14 company Tax Return
1 to 2 hour consulting per month
Sage One Accounting package

The SME

^R2 500^{/ monthly}

From R2 500 Per month (Exl of VAT)

Turnover below
R5 Million per year and VAT Registered

Dedicated Accountant
Monthly processing and reconcilation transactons
1st Provisional Return
2nd Provisional Return
Annual IT14 company Tax Return
1 to 2 hour consulting per month
VAT Returns
Tax Planning
Sage One Accounting package

The Enterprise

^R4 850^{/ monthly}

From R 4 850.00 per month (Exl of VAT)

Turnover below
R10 Million per year and VAT Registered

Dedicated Accountant
Monthly processing and reconcilation transactons
1st Provisional Return
2nd Provisional Return
Annual IT14 company Tax Return
1 to 2 hour consulting per month
VAT Returns
Tax Planning
Monthly management Reports
Sage One Accounting package

Accounting package description

1 Accounting up to Trial Balance:

Processing of all business accounts on pastel up to Trial Balance on a monthly basis.

2 Debtors Function:

Allocating of all debtor payments on client accounts and including and Age Analysis report to see what debtors are still outstanding.

3 Creditors Function:

Processing of purchase invoices and allocating payments. Includes an age analysis report to see which Suppliers still needs to be paid.

4 Value Added Tax Processing:

Maintaining the income and expenditure that are VAT bearing according to the regulations of the South African Revenue Services and the South African VAT Act 89 of 1991 as amended.

5 Submission of VAT201:

Submission of the bi-annual VAT201 return on behalf of you to The South African Revenue Services.

6 VAT Reviews/ Audits:

Due to The South African Revenue Services ongoing processes in selecting some of the companies for a VAT review or audit to test if all companies complies with the basic rules and regulations we, Infinity Transact (Pty) Ltd will manage all the reports and submission of documentation to The South Afri-can Revenue Services on your behalf without the hassle of bothering you while you need to generate income for your company.

7 Monthly Management Statements:

Monthly Managements statements are drawn up after every month’s accounting to give the client a report on how the current financial situation is stipulated and it is in comparison with other months. Monthly expenditure and income are recorded and this aids in the decision making process of your company on changes to improve the cash flow.

8 Income Tax:

All income tax returns will be taken care of for you and the burden on these regulations of the South African Revenue Services will be taken of your hands.

The following returns will be done:

Provisional Income Tax for the practice – IRP 6
Yearly return for the practice – IT 14
Provisional Income Tax for the partners and additional request – IRP 6
Yearly return for each partner in the practice and additional request – IT 12

9 Compilation of Financial Statements :

The annual financial statements will be compiled where it will be sent for a review and sign off to provide the practice with Annual Financial statements that will aid in financial planning and future financial decision making to grow your practice.

The reviewer will either be a member of The South African Professional Accountants or The South African Institute of Chartered Accountants depending on the classification of the size of the practice according to the South African Companies Act 71 of 2008 as amended in April 2011.