Do you have what it takes to work for yourself, or have a business idea but your not sure about all the legal requirements attached to running your own business.
The Kempen Foundation NPC is offering 50 entrepreneurs/ future entrepreneurs assistance with business start-ups and accounting and admin compliance, in accordance with our Entrepreneurial development division.
Full service offering to new and future entrepreneurs:
Name reservation and company registration at CIPC
Income tax registration of company
PAYE/ UIF registration company at SARS
VAT registration of company as SARS(If applicable)
UIF registration at Labour department
E-filling registration and Setup (SARS)
U-filling registration and Setup (Labour department)
WCA Registration at Labour Department(If applicable)
Personal tax/ Provisional tax registration of directors (If applicable)
Monthly bookkeeping and accounting
Preparation of monthly management statements and profit analysis
Calculation of statutory payroll deductions
Structuring of pay packages for optimal tax benefits
Submission of payroll taxes forms to SARS (EMP201)
Submission of UIF details to Labour department
Bi-monthly VAT calculation
Completion and Submission of VAT forms to SARS (VAT 201)
Quarterly management meeting on profitability, growth and other economic factors affecting your business
Calculation, completion and submission of provisional tax returns of company to SARS
Calculation, completion and submission of provisional tax returns of directors to SARS
Calculation, completion and submission of IRP501 (Salary) recons to SARS
Compilation of annual financial statements of Company (Accounting officers report to be signed by associated firms included)
Tax calculation and preparation and submission of tax return of the company.
Compilation of financial statements of directors including tax calculation, preparation and submission of tax return.
Tax planning services
Handling of tax disputes and submission of supporting docs to SARS (If applicable)
Submission of Annual returns to CIPC
Maintenance of company registers
Assistance with business plans, forecasts, budgets and contracts
Monthly 1/8th full colour page add in associated monthly e-mag
One full page entrepreneur and business profile per year in associated monthly e-mag
All work is done by experience bookkeeping and accounting staff in co-operation with registered tax practitioners, accounting- and auditing professionals.
Monthly fee for all these services fixed for two-years is a mere R700 a month.
Thus a total of R16,800 for the full two years.
Normal market related fees for all these services would be in the range of R120,000 over the two year period.
*Preference will be given to under 30’s and individuals from previously disadvantaged groups, but will not be exclusive to them and if your idea or concept has the ability or potential to make a positive contribution towards our countries economy or can create sustainable gainful employment opportunities, your application will not be overlooked.
*Only business where the shareholder is actively involved in the management will be considered and business based in the western cape will receive preference.
*After the two year period normal market related prices will apply, but you will be trained and assisted during the initial two-year period to perform many of these duties yourself.
For more details or to apply for this offer please contact us via email at info(at)kempenfoundation.org.za
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