The Tax Shop Hyde Park (Pty) Limited

As The Tax Shop Hyde Park we provide management accounting outsourcing services. Management accounts comprise several important information such as margin statistics, turnover, cash flow etc. We provide the financial control ratios, reports and performance ratios based on the data provided by bookkeepers.

We offer the following services

Preparing periodical management reports
Preparing customized reports for bankers or other stakeholders
Calculation of various ratios and performance measures to analyze the performance of the business.
Deviation’s identification and suggestion for controls requirements
Recommendation for better cash flows and finance management
Professionally controlling finance
Accurate and timely financial reports to gain stakeholders confidence
Recommendations based on the actual performance
Cash flow statement
Stock consumption analysis
Input-Output recovery analysis
Entity-wise and consolidated financial statements
Reconcile control accounts
Budgeting and forecasting
Fixed assets register and depreciation
Specific purpose Ratio analysis
Cost centre analysis

Company Tax Services


The Tax Shop Hyde Park have Licenced Tax Practitioners to handle all your corporate tax issues routine and complex matters. We will help you to be compliant and up to date with the taxation regulations and laws of South Africa

income tax
Corporate income tax
Trusts income tax
NPO tax
provisional tax
VAT
capital gains tax
dividends tax
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
We can further assist with the application for tax directives and application for tax clearance certificates (local or foreign).

We will handle all SARS correspondence on your behalf, including the submission of Notices of Objections to SARS, changing of bank details, or amending SARS registered details.
Personal Income Tax Services
If you need assistance with your tax return, we can help.

In South Africa, individuals tax starts with what a person receives and accrues and includes this as part of their gross income for a particular tax year. Natural persons tax year of assessment run from March to February of the next year. Certain exemptions or deductions may be claimed against the gross income, in our preparation of your personal income tax return (ITR12)

Our registered tax professionals specialize in the preparation and submission of your tax return or provisional tax that may include calculations of allowances you received or Capital Gains Tax and Fringe Benefit Tax.

Income tax is the normal tax which is paid on your taxable income according to a sliding scale.

Examples of amounts an individual may receive, and from which the taxable income is determined, include –

Remuneration (income from employment), such as, salaries, wages, bonuses, overtime pay, taxable (fringe) benefits, allowances and certain lump sum benefits.
Profits or losses from a business or trade.
Income or profits arising from an individual being a beneficiary of a trust.
Director’s fees
Investment income, such as interest and foreign dividends.
Rental income from property rental.
Income from royalties’ payments.
Annuities.
Pension income and lump sum payments.
Certain capital gains.

We give the best Services
Company registrations, including issuing of share certificates
Amending company details – removing or adding directors, changing addresses etc.
Name reservations and name changes for companies
Administration and submission of annual CIPC returns
Safekeeping of company registers and minute books
Recording changes in shareholding and maintaining the share ledger
Registrations for income tax, VAT, PAYE, and UIF
Registrations for SARS customs code (import/export licence)
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.

We give the best Services
The Tax Shop Hyde Park provide a payroll service for monthly and weekly payroll cycles, including the production of monthly reports and we offer the alternative of security-sealed or electronically delivered payslips. In addition, we provide a full end of tax year service including the production of all statutory employer and employee information.

Managing a payroll is not just about processing monthly salaries for the staff members. We offer various payroll and remuneration services, including statutory compliance, as follows:

Setting up employees in payroll system
Preparing and issuing monthly payslips
Monitoring employee entitlements and deductions
Reviewing, calculating and lodging PAYE obligations
Reviewing, calculating and lodging UIF obligations
Reconciling End of Year wages and electronic filing of IRP5s and EMP501s (annually and bi-annually)
Advisory or planning services regarding the most beneficial ways to structure remuneration packages with regards to tax implications
Assistance with related HR matters (drafting of offer letters, employment contracts, etc.)
Advisory services relating to the latest legislation, taxation and statutory requirements for employers with regards to employees.

We give the best Services
Bank loan applications for projects or business expansion
Business forecasting
Tax planning
Estate planning
Acquisitions and disposals
Structuring remuneration packages and benefits with regards to tax
Appropriate accounting software for your needs
Most appropriate and beneficial company structure
Legal obligations of business owners
Shareholders’ agreements and shareholding structures