Our Services

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ACCOUNTING
& BOOKKEEPING

PAYROLL

VALUE ADDED TAX

TAXATION

COMPANY SECRETARIAL & COMPLIANCE

ACCOUNTING & BOOKKEEPING

Accurate records and clear reporting are the foundation of every successful business – we deliver the insight you need to stay in control.

Accounting & Bookkeeping Services

Sound financial records are the backbone of every successful business. At Simpson Accounting (Pty) Ltd, we provide accurate, timely and insightful accounting and bookkeeping services designed to give you clarity and confidence in your financial position.

Financial Statement Compilation

We prepare clear, compliant financial statements that reflect the true performance and position of your business. These statements not only meet statutory requirements but also provide valuable insights for decision-making, lenders, and stakeholders.

Monthly Management Accounts

We compile detailed management accounts each month, giving you a current and reliable view of your finances. With these reports, you can track revenue, monitor expenses, and measure profitability—essential tools for staying in control of your business.

Identifying Trends for Budgeting and Cash Flow Support

By analysing financial patterns and identifying trends, we help you look beyond the raw numbers to see what they mean for the future of your business. With these insights, we work with you to prepare realistic budgets, manage cash flow more effectively, and anticipate potential challenges before they arise. This forward-looking approach gives you the confidence to make sound financial decisions and ensures that resources are allocated where they will have the greatest impact.

Assess Internal Controls for Inefficiencies and Fraud Prevention

Strong internal controls are the safeguard of every organisation. We evaluate your systems and processes to detect inefficiencies, weaknesses, or gaps that could leave your business vulnerable to errors or fraud. Our review doesn’t just highlight risks – we provide practical recommendations to tighten controls, improve accuracy, and strengthen accountability within your business. The result is greater protection for your assets and more reliable financial information for decision-making.

Annual Audit File Preparation

Our team prepares comprehensive annual audit files, ensuring that all documentation is complete, accurate, and well organised in order to run an efficient and cost effective audit. This proactive approach results in smoother, faster audits and often reduces audit costs by minimising the time auditors need to spend on your books.

Frequently Asked Questions

Q1: Why do I need monthly management accounts if I already have annual financial statements?
Annual statements show how your business performed in the past year, but management accounts give you up-to-date insights every month. They help you spot problems early, seize opportunities quickly, and make informed decisions in real time.

Q2: What are the benefits of reviewing internal controls?
Strong internal controls reduce the risk of errors, inefficiencies, and fraud. By improving processes and oversight, you can save costs, protect assets, and improve overall business performance.

Q3: How do accurate cash flow projections help my business?
Cash flow is the lifeblood of any organisation. With accurate projections, you can plan ahead for expenses, ensure you meet financial obligations, and avoid unexpected shortfalls that could disrupt operations.

Q4: What is an audit file, and why does it matter?
An audit file is the collection of supporting documents and schedules auditors need to verify your financial statements. A well-prepared file makes the audit process more efficient, reduces queries, and often lowers audit fees.

Q5: Do you work with small businesses as well as larger companies?
Absolutely. We tailor our services to fit your size and structure—whether you are a start-up, a small family business, or a multi-million rand enterprise. Each client receives the same attention to detail and professional care.

PAYROLL

Paying your people correctly and on time is non-negotiable – we make payroll simple, compliant, and stress-free.

Payroll Services

Managing payroll can be time-consuming and complex, especially with South Africa’s ever-changing legislative requirements. At Simpson Accounting (Pty) Ltd, we provide a professional payroll service that ensures accuracy, compliance, and peace of mind for both employers and employees.

Salary Structuring

We assist in structuring salaries in a way that balances tax efficiency with employee satisfaction. By considering allowances, deductions, and benefits, we help you design remuneration packages that are competitive, compliant, and cost-effective.

Payroll Processing

We handle the complete monthly payroll process, ensuring employees are paid correctly and on time. From capturing hours and leave to calculating deductions and contributions, our systems ensure every detail is accurate.

Payslips and Reporting

Each employee receives a professional payslip, delivered in line with regulatory requirements. We also generate a variety of management reports to give you oversight of payroll costs, statutory contributions, and other critical information.

Payroll System Maintenance

We maintain and update the payroll system to reflect legislative changes, company adjustments, and employee updates. This ensures your payroll records remain accurate and always audit-ready.

SARS EMP201 Submissions

We prepare and submit the monthly EMP201 return to the South African Revenue Service, covering PAYE, UIF, and SDL contributions. Timely submission ensures compliance and avoids penalties.

UIF File Submissions

We generate and submit the monthly UIF file to the Department of Labour, keeping your business compliant with unemployment insurance regulations and safeguarding employee benefits.

Bi-Annual IRP5 Reconciliations

We prepare and submit the six-monthly EMP501 reconciliation, ensuring employee IRP5 certificates align with SARS records. This is essential for a smooth tax season and accurate employee tax reporting.

Annual Return of Earnings (ROE)

We complete and submit the annual Return of Earnings to the Compensation Commissioner, ensuring correct assessment of contributions under the Compensation for Occupational Injuries and Diseases Act (COIDA). This protects both employer and employee in the event of workplace-related claims.

Additional Professional Service

Where required, we assist clients with the implementation of accounting and payroll systems.

Frequently Asked Questions

Q1: Why outsource payroll instead of handling it in-house?
Payroll requires constant attention to tax laws and labour regulations. By outsourcing, you save time, reduce errors, and avoid compliance risks—all while ensuring employees are paid accurately and on schedule.

Q2: What is the difference between an EMP201 and an EMP501?
The EMP201 is the monthly return to SARS for PAYE, UIF, and SDL. The EMP501 is the bi-annual reconciliation of these payments against employee tax certificates (IRP5s). Both are essential for compliance.

Q3: How do UIF submissions work?
Each month, employers must submit a UIF file to the Department of Labour. This ensures that employees are covered for unemployment, illness, maternity, or adoption benefits if needed.

Q4: Why is salary structuring important?
Proper salary structuring helps you remain competitive in attracting and retaining staff, while also ensuring compliance with tax rules. It can also optimise take-home pay and reduce unnecessary costs for both employer and employee.

Q5: What happens if payroll submissions are late or incorrect?
Late or incorrect submissions can result in penalties, interest charges, and strained employee relations. Our payroll service helps you avoid these risks by ensuring timely and accurate submissions every time.

VALUE ADDED TAX

VAT compliance can be a burden – we shoulder that responsibility, ensuring your returns are correct, timely, and fully compliant.

Value Added Tax (VAT) Services

VAT compliance can be complex and time-consuming, especially as SARS regulations are continually updated. At Simpson Accounting (Pty) Ltd, we provide a full VAT service that ensures your business remains compliant while minimising risks and avoiding costly penalties.

VAT Advice and Guidance

We offer clear, practical advice on all aspects of VAT, including registration requirements, VAT categories, allowable input tax claims, and the impact of VAT on your business operations. Whether you are newly registered or long established, we guide you through the regulations in plain language.

VAT Return Preparation and Submission

We prepare and submit VAT201 returns on your behalf, ensuring that input and output VAT are correctly accounted for and deadlines are always met. Our accuracy and attention to detail give you peace of mind that your VAT records will stand up to scrutiny.

VAT Registrations and Deregistrations

If your business has reached the VAT registration threshold, or if you wish to register voluntarily, we handle the process smoothly with SARS. Likewise, we can assist with deregistration where appropriate, ensuring compliance at every stage.

VAT Record-Keeping Support

VAT compliance depends on well-maintained records. We help you set up and manage systems that track invoices, claims, and payments correctly—making future submissions and audits far easier.

SARS VAT Reviews and Queries

We represent clients in dealing with SARS reviews, audits, and queries relating to VAT. Having a professional team manage this process reduces stress and ensures your submissions are defended with accurate documentation.

Frequently Asked Questions

Q1: When must a business register for VAT?
In South Africa, registration is compulsory once your business turnover exceeds R1 million in any 12-month period. Voluntary registration is possible from R50,000 annual turnover.

Q2: How often are VAT returns submitted?
Most businesses submit VAT returns every two months, though some may be required to submit monthly or annually depending on turnover and SARS allocation.

Q3: What happens if I miss a VAT deadline?
Late or incorrect submissions can result in penalties, interest charges, and sometimes audits. We help ensure your returns are accurate and submitted on time.

Q4: Can I claim VAT on all my expenses?
Not all expenses qualify for input tax claims – for example, entertainment and certain vehicle expenses are restricted. We help you identify what you can and cannot claim to remain compliant.

Q5: Do you assist with SARS VAT audits?
Yes. We prepare the necessary records, correspond with SARS on your behalf, and guide you through the audit process to ensure compliance and minimise disruption to your business.

TAXATION

Tax laws are complex and ever-changing – our role is to guide you through them with clarity, accuracy, and peace of mind.

Your Partner in Navigating Tax with Confidence

Tax doesn’t have to be overwhelming. Whether you’re an individual managing personal finances, a freelancer juggling multiple income streams, or a business owner focused on growth, we provide expert tax services that take the stress out of SARS compliance. From proactive advice and accurate returns to hands-on support during audits, we make sure your tax affairs are handled efficiently, legally, and with your best financial outcome in mind. Explore our full range of taxation services below – and discover how easy tax can be when you have the right partner by your side.

Taxation Services

Navigating the complexities of tax legislation can be daunting. It’s complex, time-consuming, and costly if handled incorrectly. We offer a full range of taxation services designed to simplify the process, ensure full compliance, provide peace of mind and help you retain more of what you earn. We keep you informed and confident every step of the way.

Personalised Tax Advice

We provide tailored tax advice based on your unique circumstances – whether you’re an individual, sole proprietor, or business owner. From understanding your tax obligations to identifying potential deductions and structuring your affairs tax-efficiently, our goal is to help you make smart, informed financial decisions that protect your wealth and avoid unexpected surprises.

Provisional Tax Returns

As a provisional taxpayer, keeping your IRP6 returns accurate and on time is essential. We take care of the preparation and submission process, ensuring your estimates are realistic and compliant. Our forward-thinking approach helps you avoid penalties and interest, while maintaining healthy cash flow throughout the year.

Annual Income Tax Returns

We handle the complete preparation and submission of your annual ITR12 (individuals) or ITR14 (companies) returns. We carefully review your documentation, capture all relevant information, and engage with SARS where necessary – so you can focus on running your life or business, knowing your tax return is in expert hands.

Frequently Asked Questions

Q: Do I really need professional tax advice if my finances are straightforward?
Even simple situations can benefit from expert oversight. We can help you identify deductions you may have missed, ensure your paperwork is accurate, and prevent costly mistakes. Often, the savings we uncover more than cover our fee.

Q: When should I start preparing my provisional tax return?
Ideally, you should start reviewing your income and expenses at least a month before the IRP6 deadline. This gives you time to make accurate estimates and avoids last-minute stress. We can monitor your position throughout the year to ensure you’re always prepared.

Q: What documents do I need to provide for my annual income tax return?
This varies, but generally you’ll need IRP5 certificates, bank statements, proof of deductible expenses, investment statements, and any other relevant supporting documents. We’ll give you a clear checklist so you know exactly what’s required.

Q: How do you deal with SARS queries or audits?
If SARS requests additional information or initiates an audit, we’ll handle all correspondence, supply the required documents, and represent your interests. Our aim is to resolve matters quickly, accurately, and with minimal disruption to you.

Q: Can you help with overdue or late tax returns?
Yes – we can prepare and submit outstanding returns, negotiate with SARS if necessary, and help bring your tax affairs back into good standing. The sooner you act, the easier it is to resolve.

COMPANY SECRETARIAL & COMPLIANCE

Behind every well-run company is solid statutory compliance – we keep your records accurate, your returns submitted, and your business in good standing.

Company Secretarial & Compliance Services

Statutory compliance is a critical but often overlooked part of running a business. At Simpson Accounting (Pty) Ltd, we take care of the administrative and legal requirements that keep your company in good standing with the Companies and Intellectual Property Commission (CIPC) and other regulators. Our services ensure that your records are accurate, up to date, and always compliant.

CIPC Records Management

We ensure your company information is accurately maintained with CIPC, including company details, shareholding, and directorship records. Keeping these records current avoids penalties and provides assurance to stakeholders.

Annual Return Submissions

We prepare and submit your annual return to CIPC on time, every year. This simple but vital step confirms your company’s continued existence on the register and prevents deregistration.

Company Registrations and Amendments

We assist with the registration of new companies as well as amendments to existing entities, such as changes to directors, addresses, or shareholding structures. Proper filings keep your company legally compliant and transparent.

Compliance Support for Directors and Shareholders

We provide guidance to company directors and shareholders on their statutory duties and responsibilities under the Companies Act. Our advice helps you avoid unintentional breaches and ensures good governance practices.

Statutory Document Maintenance

From share registers to resolutions, we help maintain the official company records required by law. Having your documentation properly organised is invaluable in the event of an audit, inspection, or due diligence process.

Frequently Asked Questions

Q1: What is an annual return, and why is it important?
An annual return is a statutory requirement that confirms your company’s continued trading status. Failure to submit can lead to penalties and, ultimately, deregistration of your company.

Q2: How often do company details need to be updated with CIPC?
Any time there is a change to your company—such as directors, shareholders, or address—CIPC must be notified. We handle these updates promptly to keep you compliant.

Q3: What happens if my company is deregistered for non-compliance?
If deregistered, your company loses its legal status, contracts may be voided, and the process of reinstatement can be costly and time-consuming. We help you avoid this by keeping your records up to date.

Q4: Can you register a new company for me?
Yes. We can register new private companies and provide advice on the most appropriate structure for your business needs.

Q5: Do directors have legal responsibilities beyond day-to-day management?
Yes. Directors must ensure the company complies with the Companies Act and other applicable laws. We provide guidance to help directors fulfil these responsibilities confidently.