Blog

  

 
 

What You Get

  • We provide a comprehensive set of claim, practice management and accounting services that ensure that our clients have up to date financial records, their medical practice is run smoothly, gets paid as efficiently as possible, are up to date with their taxes and have up to date relevant business information that will allow them to make timely business decisions.

  • We assist your practice
    by performing either all or selected activities relating to claims and practice management. These include, management of payments, liasing with medical schemes, updating of medical fees, setting up medical practice services, training on medical practice software, processing of claims and management of medical accounts

  • On a monthly basis you will be provided with monthly management accounts (monthly financial statements) which will show you how your business has performed. These will show the following information for the previous month:

    Income Statement
    showing income, expenses and profits

    Balance sheet
    showing you what your business owns, what your business owes, how much your business owes and to who, and how much is owed by your business and by whom

    Cash Flow Statement
    showing the movement in cash, how cash was used and how much cash there is in the business

    Debtors and Creditors Age Analysis
    showing you which debtors have owed you the longest and which creditors you owe the longest. This will enable you to prioritize your business cashflow

    Custom Report
    which is a report showing information that you have requested which are particular to your business

  • This is a standard document which shows how your business has performed for the year. This will be prepared in compliance with International Standards. It is important to have Annual Financial Statements handy as they allow you to see how you have performed in the previous but also, should you need to raise funds, lenders will often require this. The ability to provide these at the drop of a hat will give you a competitive advantage when it comes to speed of sourcing finance.

  • Gone are the days when you have to quickly do payslips on excel when your staff requests payslips. By using our service, you will be able to meet your obligation to provide your staff with payslips on a monthly pasis, on the same day, every single month. We will confidentially prepare these payslips and either email them to the person responsible for Human Resources in your organisation to distribute to staff. Alternatively, we can email these directly to your staff. There is also the option for printed payslips which we do provide.

  • Whenever there is a tax that your business needs to comply with and that your business needs to submit a tax return for, we will ensure that this is done on time to avoid any unnecessary penalties.

      This includes:
    • PAYE Returns
    • PAYE Reconciliations
    • Provisional Tax
    • Income Tax Returns
    • Donations Tax
    • Capital Gains Tax
    • And all other taxes that your business needs to comply with

  • One of the most important things when it comes to taxes is cash flow planning. Well in advance of the time that a particular tax needs to be paid, we will ensure that you know exactly how much needs to be paid to SARS and when. We will continue with repeated reminders until the tax has been settled. Where there are payment arrangements that need to be made regarding previous tax assessments, we are able to assist with that.

  • You monthly fee includes our service to pay the annual returns of your business to ensure that there is not disruption of your business through your bank account being closed because your business has been deregistered at the CIPC. This is just one of the inconveniences that can occur as a result of your business being deregistered at the CIPC.

  • Depending on the complexity of the business and the package you have chosen, you will be able to have access to a wide range of professional accounting staff, from accountants to Chartered Accountants. This will give you piece of mind that you are getting the best possible advice from professionals.

  • It is important to structure your business and all elements of your business in a manner that is as tax efficient as possible. Your obligation as a tax paying business is to pay the taxes that you should pay. You need not pay any more that you should pay. This is where tax structuring and planning become important. We will ensure that your salary structures, your business financial policies, etcetera, are structured in such a way that you pay only the tax that you should. No wastage because of poor tax advice.

  • VAT Returns

    On a monthly or bi-monthly basis (depending on which VAT category you fall under), we will calculate your VAT payable or receivable to/from SARS using the financial information that we have already prepared. After providing you with enough time to make provision for payment of the VAT, we will then submit the VAT returns on your behalf.


    BEE Certificates

    As part of your monthly fixed fee (regardless of which package you qualify for), we will provide you with a BEE certificate that is applicable to your business. You no longer need to worry when your BEE certificate is about to expire, as we will provide you with a BEE certificate on time.