Accounting Service: Claim Your R500 Cash Back
Have you heard about The R500 Cashback Deal? Unlocking Savings and Support for SMEs.
We sat down with Stefvan Stemmet to delve into the exclusive R500 Cashback Deal offered by Company Partners. Our dedicated Accountant will do an accounting consultation, and then present you with a plan on the savings we can help your business with through monthly accounting. If we can’t, we’ll pay you R500. As easy as that. There is no risk for you – just reward! T&C’s Apply.
Stefvan elaborated on the qualifying criteria and real-life examples of businesses benefiting from this unique offer.
"Thank you for your time Stefvan,
firstly what is the qualifying criteria for the R500 Cashback deal?"
The criteria is quite simple.
For eligibility, a company should have generated over R30k in the past three months and should not currently be employing an accountant.
“Can you tell us who would typically benefit from this deal?”
“Well, let’s take a recent client of mine in Joburg, called Solanga, who benefited from this deal.
Solanga has been doing all his compliance through Company Partners and signed up in October 2023 for our accounting package of R1990 pm and payroll of R490 pm.
When we checked his tax that he had done independently , he had been doing everything perfectly. And his company is extremely lean – no additional savings is possible on claiming petrol on his Pty or changing bank accounts, etc.
So, we gave him the option to still use our services or not… but either way, we are paying him R500. He received his R500 and has not paid us a cent yet – now he needs to make the call on using our accounting services in any case; or opting out…
Then, I worked with Jane in Cape Town.
Her small business has been trading since 2021, but her company faces challenges.
She signed up for our R3490 Accounting Package in July. Her tax returns have been behind since last year and she is not deducting any petrol, home office space or car mileage from her company’s expenses. So, we could quickly show her that we’ll be able to save her over R70k per year by doing her monthly accounting.
Because of this, she wasn’t able to claim the R500 Cashback. But as you can probably guess, after a whopping 70k saving, she’s not complaining!”
“How can Company Partners be so confident in saving business money?"
“Our expertise lies in our seasoned accountants with over 30 years of experience. We focus on specific areas, to maximise deductions and ensure expenses are managed effectively, ultimately boosting savings.
For example: Are you currently trading from a residential property, if so, are you writing a percentage off as an office space? If you travelling to and from clients, are you writing the fuel expenses off against tax?
We will teach you how to manage your expenses properly with the expertise of a professional accountant that will save you money.”
“Can businesses that do not qualify for the R500 Cashback Deal
still benefit from your accounting services?”
“Absolutely, we offer custom packages that cater for the needs of smaller SME’s all the way up to our established entities.
A complete accounting service that removes all the pressure off your shoulders, so that you can focus on expanding your brand, and having the peace of mind that the finances are being handled by professionals that will always keep you updated.”
“Why are accounting services essential for South African SMEs?”
“By law all trading entities are required to have an accountant allocated, to ensure that the monthly bookkeeping is done correctly, signed off annually, and that all annual tax submissions are submitted to SARS on time to avoid penalties that could occur compound interest.”
“What's included in your smallest accounting package of R1990?”
“The package covers monthly bookkeeping, income statements, balance sheets, tax submissions, tax clearance, and even includes the company’s yearly CIPC renewal free of charge.
We start off with your monthly bookkeeping, we capture income and expenses:
- Income Statement
- Balance Sheet
The bookkeeping is kept up to date monthly so that we can submit the following tax submission on time:
- Provisional Tax Submission (IRP6) in August & February
- Annual Tax Submissions (IT14) in July
Once these submissions are finalised, we provide a tax clearance as proof which can then be provided to contractors, tenders and even funding institutions.”
"We all hate the admin behind monthly accounting,
why should SMEs not just leave this to be done annually?"
The SARS Law clearly states that the companies accounting needs to be kept up-to-date monthly so that your three tax submissions can be submitted during the applicable months.
Rest assured with our accounting packages the admin will be kept to a minimum, we will request the following documents on a monthly basis:
- Monthly Bank Statements
- Paid Invoices from Clients
- Receipts for any expenditure that contributes to the companies turnover
If you already make use of accounting software, then you can provide our accountant with login details, which will save you the trouble of having to submit the above.
Download our FREE infographic: 7 Red Flags of Accounting Neglect
"VAT and PAYE seems to be something that SARS takes very seriously as every now and again we read about somebody getting locked up by not staying up to date with their VAT / PAYE."
"What is the easiest and cheapest way to avoid VAT and PAYE issues at SARS?"
The easiest way is to ensure timely and accurate submissions through professional accounting services. This helps in preventing fines and potential legal consequences VAT.
If your Submissions are not up-to-date monthly, your company will face hefty fines, where SARS has the authority to lodge a request with the bank to withdraw funds from your business account without your consent to pay these penalties and outstanding fees.
We offer a complete VAT Accounting Package starting from R 2 990, that will ensure that your submissions remain up-to-date bimonthly.
In regards to the UIF, PAYE & SDL Submissions, we offer a complete service custom to your number of employees starting at only R 279 per month:
- UIF/PAYE & SDL Calculations
- Monthly Electronic Payslips
- Monthly EMP201 Report
- UIF Declaration to the Dept. Of Labour
"Which areas of monthly tax and accounting does your client find most important?"
- Having the guidance of a professional accountant when making financial decisions.
- Meeting deadlines and avoiding penalties.
- Determining your business structure.
- Increasing profitability.
- Future projections.
- Accurate Reporting
"What sets Company Partners apart as the best choice for SME accounting services?"
Our client-centric approach and-tailored services, coupled with a strong client relationship, secure a prosperous and lasting partnership, benefitting SMEs of all sizes.
The R500 Cashback Deal, backed by Company Partners’ extensive expertise and dedication, offers not only financial benefits, but a trusted partnership for SMEs, empowering businesses to thrive and succeed.
