Mapfumo Accounting and Consulting services is small, one person accounting and tax preparation services owned and run by Ndivhuwo Johannes Mapfumo in Parklands Cape Town, the firm was founded and established in November 2009 by Mr. Mapfumo,he is a qualified Professional Accountant and full member of South African Institute of Professional Accountant(SAIPA) and a registered tax practitioner with South African Receiver of Revenue.
We do the registration & submission of Income tax,PAYE,VAT and Tax clearance registered as Tax Practioner with them PR-0094559
We are associated with Quickbooks accounting software for bookkeeping and management reports
We follow the rules and are accountable to South African Institute of Professional Accountants is a professional association of accountants, they gave us Professional Accountant (SA) designation
We are associated with Caseware Accounting Software used to produce Annual Financial Statement
We are associated with SAGE Accounting Software for bookkeeping
Consulting with a Professional Accountant on the phone
We can advise you on profitability, growth, type of business
Capturing of Invoices and Bank Statement and Bank Reconciliation
On the anniversary of Company registration, we need to file revenue received with the registrar of companies
Payroll Calculation of tax to be paid to the receiver of revenue in pay as you earn & UIF
We come to your office and you advise us on what kind of assistance (Face to Face consulting) this will carry travelling fee
We reconcile invoices issued to clients if all paid and Invoices for suppliers if you owe any suppliers and issue statements.
Every year between July & November SARS opens up filling season where you need to submit the income received between March the previous year and February the current year to see if tax deducted was enough or they deducted more (If more it must be refunded and also if less you need to pay SARS the difference)
Every year after the financial year of the company, you need to prepare Annual Financial Statement to determine if the company made profit or loss and that must be reported to the receiver of revenue
1% of your monthly income must be contributed to the unemployment insurance fund which you can claim if you lose employment, go to maternity leave or unable to continue to work (Medical unfit)
Companies who has employees must register for compensation in case there is injuries on duty the employees will be compensated.
Every year between march and may companies must declare income and salaries paid to the department of labour and those companies who are complaint will get letter of good standing
It is the certificate issued by the receiver of revenue to individuals and companies who are compliant with their tax affairs
At the year end all companies must calculate to see if they are making profits or losses and report all activities that happened during the year that report is called Annual Financial Statement and will be presented to stakeholders
This for companies to register and submit on behalf of employees for pay as you earn, if and Skills development levies
Companies who are registered for VAT must pay 15% over to the receiver of revenue less allowed deductible expenses
We can calculate tax and issue payslips weekly or monthly
We can issue income confirmation letter to enable you to apply for credit by the shops or bank if you don’t have payslip
We can issue and compile reports that shows profit & Loss on a monthly basis to keep management informed of what is happening in their business
For those who want to formalise their business we can assist on which type of business to go for and the registration of it thereof and if you have a business already but want to add or remove directors, change address, change financial year end and name changes.
Any admin or capturing work needed we can assist you.
Mapfumo Accounting & Other Services seeks to provide a full suite of tax and management accounting services for small business around the country, allowing business owners to not only save money over in house accounting and ensure compliance with tax laws but to make valuable management decisions from the numbers.
Mapfumo Accounting & Consulting Services offers full Accounting Services from Start at Bookeeping to the end with Annual Financial Statement it differs with clients and their needs and it can be once off or monthly package we work as per budget,Management Reports and financial statements are vital in decision making and to maximise profit of any business.
Ndivhuwo Johannes Mapfumo our Senior Accountant takes responsibility to consult with all clients either on line or face to face to advise clients on how to run the business smoothly,compliance,growth and all business needs while owners are busy marketing their organisations he work out the process and procedures on how to relief them of the numbers stress.
Address
Park Royal, Main Road, Parklands, Cape Town
Phone
Email Address