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Audax Accounting Solutions

Cape Town

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About

Audax Accounting Solutions offers an array of accounting, tax, and secretarial services to individuals and small- to medium-sized businesses. Our focus is to deliver fast, accurate and cost-effective solutions to all your accounting needs.

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Q&As

Accounting Services:

- Bookkeeping up to trial balance
- Monthly reporting – Management accounts
- Compilation of Annual financial statements
- Performing Independent reviews
- Completion and submission of VAT returns to SARS (monthly and bi-monthly)
- Completion and submission of PAYE returns to SARS
- Annual and bi-annual PAYE reconciliations
- Recommendations and implementation of appropriate accounting software packages
- Business valuations

Tax Services:

- Registration for all individual and corporate taxes
- Completion and submission of annual income tax returns (individuals & corporate)
- Completion and submission of provisional income tax returns
- Reviewing of income tax/VAT assessments for SARS
- Application for tax directives
- Application for tax clearance certificates (local or foreign)
- Submitting of Notice of Objections to SARS
- Changing of bank details or SARS registered details
- Capital gains tax
- Donations tax

Secretarial services:

- Company registrations, including issuing of share certificates
- Amending company director details – removing or adding directors
- Amending CC member details – removing or adding members
- Name reservations and name changes for companies
- Administration and submission of annual CIPC returns
- Co & CC address changes (change of registered office address details)
- Safekeeping of company registers and minute books
- Registrations for income tax, VAT, PAYE, and UIF
- COIDA compliance: Registration for Workmen’s Compensation Fund and issuing of Letter of Good Standing
- Drafting of ad-hoc paperwork: Confirmation of income letters, Solvency letters, Resolutions, etc

Payroll services:

Set up employees in payroll system
Prepare monthly payslips
Monitor employee entitlements
Review, calculate and lodge PAYE obligations
Review, calculate and lodge UIF obligations
Reconcile End of Year wages

Outsourced work for Accounting Firms

- Assist with overflow work in any of the categories above
- Enable your firm to meet deadlines and maintain your clients’ satisfaction
- Assist your firm with completing workload during peak times without hiring additional staff
- Perform functions that your firm does not have capacity for or expertise in
- Broaden the scope of services that your firm offers

Outsourcing your bookkeeping or accounting needs saves you the cost of hiring additional staff, and saves you the time that it would take to familiarise yourself with the accounting framework you would need a grasp on to DIY your accounting function. Your time can thus be spent on the tasks that generate income and grow your business.

Business owners who perform all their own accounting functions also run the risk of overlooking a technical detail, which may lead them to paying more taxes than they are obligated to – or making errors or missing deadlines, potentially leading to non-compliance and costly penalties. With a professional accountant on your team, you can rest assured that you will remain tax-compliant in the most efficient, ethical, and cost-saving manner.

Up-to-date books and accurate financial statements ensure that you know exactly where you stand financially, allowing you to make sound business decisions to ensure the growth of your business.

The paperwork, administration, and legislation that must be complied with is very often a confusing, time-consuming burden on the business owner. Our secretarial services will ensure that your company remains compliant and up-to-date in terms of CIPC, COIDA, UIF and all relevant legislation that you need to comply with as a business owner.

We are passionate about helping small businesses grow. As a small business ourselves, we love when we see our clients go from strength to strength and strive to provide them with the resources, services and advice they will need to do so. In order to help them do this, we are dedicated to offering cost-effective services, so that our clients can reinvest in their business and not spend their hard-earned income on costly fees.

We also believe in personal service and maintaining long, productive working relationships with our clients, and enjoy getting to know our clients and their businesses throughout the process, and contributing to their success.

Running my own firm has always been my goal. I have always been interested in discovering the latest accounting technology, software and applications, and how these can be implemented to streamline the accounting process, leading to lower costs and quicker turnaround times. Running my own firm was the ideal opportunity to implement these technologies, and remain flexible to adapt to the changing industry, and pass on the savings to my clients – allowing me to offer fast, accurate, and cost-effective services to my clients.

We are passionate about helping businesses grow, and accounting, tax and secretarial functions are an integral part of a business’s growth – thus, we strive to supply these services at a competitive rate, in a way that is convenient to the client. At Audax, we have streamlined the accounting process by utilising the latest accounting technology and software, leading to quicker turnaround times and lower fees.

Despite the cloud-based approach that Audax has embraced and that the industry is moving towards, Audax still believes in maintaining one-on-one relationships with our clients and providing personal service, so that we can get to know you and your business well before finding the right accounting solutions for you, as well as maintain a long and productive working relationship with you.

Services

- Bookkeeping up to trial balance
- Monthly reporting – Management accounts
- Compilation of Annual financial statements
- Performing Independent reviews
- Completion and submission of VAT returns to SARS (monthly and bi-monthly)
- Completion and submission of PAYE returns to SARS
- Annual and bi-annual PAYE reconciliations
- Recommendations and implementation of appropriate accounting software packages
- Business valuations

- Registration for all individual and corporate taxes
- Completion and submission of annual income tax returns (individuals & corporate)
- Completion and submission of provisional income tax returns
- Reviewing of income tax/VAT assessments for SARS
- Application for tax directives
- Application for tax clearance certificates (local or foreign)
- Submitting of Notice of Objections to SARS
- Changing of bank details or SARS registered details
- Capital gains tax
- Donations tax

- Company registrations, including issuing of share certificates

- Amending company director details – removing or adding directors

- Amending CC member details – removing or adding members
- Name reservations and name changes for companies
- Administration and submission of annual CIPC returns
- Co & CC address changes (change of registered office address details)
- Safekeeping of company registers and minute books
- Registrations for income tax, VAT, PAYE, and UIF
- COIDA compliance: Registration for Workmen’s Compensation Fund and issuing of Letter of Good Standing
- Drafting of ad-hoc paperwork: Confirmation of income letters, Solvency letters, Resolutions, etc

- Functioning as your complete in-house bookkeeping department remotely
- Capturing bank transactions - either by means of electronic bank feed or manual CSV importing of bank statements
- Capturing invoices via Receiptbank
- Assisting with raising customer invoices
- Bank reconciliations
- Payroll services (see below)

- Set up employees in payroll system
- Prepare monthly payslips
- Monitor employee entitlements
- Review, calculate and lodge PAYE obligations
- Review, calculate and lodge UIF obligations
- Reconcile End of Year wages

- Assist with overflow work in any of the categories above
- Enable your firm to meet deadlines and maintain your clients’ satisfaction
- Assist your firm with completing workload during peak times without hiring additional staff
- Perform functions that your firm does not have capacity for or expertise in
- Broaden the scope of services that your firm offers