Mighty Bookkeepers (Pty) Ltd
Benoni
(1)
Benoni
(1)
Mighty Bookkeepers brings innovative bookkeeping solutions to South African entrepreneurs and business managers. We strive to be the support structure businesses need to follow tax laws and regulations.
Our bookkeeping tools and reporting structures are exclusive to Mighty Bookkeepers.
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1 customer review
Dion
The financial reports and services are great.
What kind of accounting services do you provide?
Bookkeeping, Payroll and Tax. In addition, Financial Management Solutions through monthly audit ready Financial Management Reports.
Why is it so important for businesses to hire a great accountant?
Our unique and comprehensive financial reports gives our clients a consistent overview on their business on a monthly basis, which may lead to good financial decisions and business growth.
What do you love most about your job?
We love showing entrepreneurs their business financial standings to assist them in tax returns and overall compliance with statutory law, which may result in business success.
What inspired you to start your own business?
We are passionate about bookkeeping the services we can offer to our clients.
Why should our clients choose you?
Our bookkeeping tools and reporting structures are exclusive to Mighty Bookkeepers. Clients can enjoy the continuous enhancement of our systems through our financial report.
Can you provide your services online or remotely? If so, please add details.
We can provide services remotely, with one of the three following options:
1) We can setup and sync a google cloud server with our clients accounting records folder on their computer or server, which will give us access to accounting records such as bank statement, invoice, etc.
2) Our client can email, Dropbox, or share by any other means their accounting records with us.
3) Our clients are welcome to propose a solution that will be most suitable for them.
What changes have you made to keep your customers safe from Covid-19?
We limit physical interactions with our clients unless it is absolutely necessary.
Bookkeeper
A bookkeeper performs tasks relating to accounting for an organization's financial transactions.
A bookkeeper generally performs the monthly functions in the accounting cycle. This evolves the recording of source documents into journals daily. Mighty Bookkeepers also performs the yearly functions in the accounting process. Thus, year-end accounting procedures, which results in a comprehensive financial statement.
Tax
People who own a business or works in South Africa should pay taxes. Generally, South African Revenue Services collects tax on behalf of the government. The government uses tax to improve the lives of all South Africans. Thus, it is of utmost importance that all South African citizens follow tax laws.
Personnel tax and corporate tax are the two main income streams for the state.
Taxes that may apply to a person who works or own a business in South Africa may include:
Value-Added Tax (VAT)
Income Tax
PAYE (Pay-As-You-Earn)
Capital Gains Tax
Provisional Tax
Transfer Duty
Customs and Excise Tax
Double Taxation Agreements
Payroll
Payroll is information associated with an organization's human resources and their payments. Effective payroll encompasses employee leave administration and tax liabilities.
SARS (South African Revenue Services) requires employers to collect employee tax. The tax collected is PAYE (Pay As You Earn), which the employer pays to SARS at regular intervals. The ratio of tax collected is set by SARS and published once a year in tax tables.
Other funds that an employee may qualify to contribute to is UIF and SDL. UIF is the Unemployment Insurance Fund and SDL is the Skills Development Levy.
Generally speaking, all payments received by an employee is taxable. Some indirect payments are fringe benefits. The payroll administrator accounts for medical aid, pension fund contributions, and travel allowances. Thus effective payroll becomes important to ensure an organization complies with relevant laws.
Mighty Bookkeepers offers payroll services to our clients, which include employee payslips. Thus, our clients can focus on growing their business while we take care of their payroll.
