Hemel & Aarde Village

c/o R43 & R320, Shop 3B, Hemel and Aarde Road, Hermanus, 7201

Mon - Fri: 9:00 - 16:00

Saturday: 9:00 - 13:00

ACCOUNTING | BOOKKEEPING | TAX | PAYROLL

COIDA, Workman's Compensation

As an employer all you need to know about COIDA, Workmen’s Compensation

As an employer, you would have heard of the Compensation for Occupational Injuries and Diseases Act or more commonly known as, Workmen’s Compensation.
COIDA is statutory insurance that benefits both the injured employee and his or her employer. It gives employees guaranteed benefits and it protects employers against claims for on-duty injuries and occupational diseases.

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Depreciation

Asset depreciation is an easy way to reduce your tax bill. 10 Critical Facts you need to know about Depreciation.
1. Depreciation is not the same as Amortization. Depreciation is the terminology used for fixed assets. Amortization is the terminology used for intangible assets. 

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Provisional Tax Returns and Understanding the Payments.

Natural persons, excluding sole proprietors, are exempt from provisional tax if either:
• the taxable income does not exceed the tax threshold; or
• the taxable income from dividends (e.g. REIT distributions), interest, foreign dividends, rental from letting immovable property and remuneration from an employer not registered for PAYE, does not exceed R30 000.

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ETI – Employment Tax Incentive

The ETI is a widely beneficial tax benefit: employers are rewarded for hiring young people, and young people gain valuable work skills and experience. As a result, the private sector grows, and the economy strengthens.

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Start up,What to consider when Registering a PTY.

What to consider when Registering a PTY.

If you’re a sole trader or in a partnership, you’re likely assessing Pty Ltd Company advantages and whether setting up a Pty Ltd Company would be suitable for your situation. Tax and other considerations affect the choice of business vehicle.

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Employee tax and allowances 2023 tax year

Employee Allowances for 2023 Tax Year

A subsistence allowance is any allowance given to an employee or a holder of any office for expenses incurred or to be incurred in respect of personal subsistence and incidental costs (for example, drinks, lunch, parking).

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Benefits of outsourcing your bookkeeping and tax.

The Benefits of Outsourcing

One of the biggest advantages of outsourcing bookkeeping services in the digital age is that it allows you to securely access your financial records from anywhere at any time.

We use the latest technology and are a proud Partner and Certified Advisor and Migration specialists for Xero, SAGE and QuickBooks Cloud Accounting and Pastel Accounting (Desktop) to ensure you will always have a real-time overview of your business.

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