Behind every good businessman there is a great accountant
A Story about us
Welcome to Profin Accounting
Focus on Profin Accounting Services PTY (LTD) is an accounting firm based in Mulbarton, South of Johannesburg. With a dynamic group of people that are ready to assist with all your book keeping needs. We will assist with all book keeping capturing and SARS submissions to ensure your business meets the requirements as per legislation. We provide these services so you can focus on building your business.
We Offer
A Free Initial Assessment
We will meet with you as the client and assess your accounting needs, whether you need a full accounting service monthly or if you would perhaps benefit from assistance in certain areas. We can give you advise on how best to ensure your records are up to date and all requirements are being met. This is an obligation free assessment.
Free Tax Profile Transfer
We will arrange and transfer your company tax profile at no cost to you. We will handle the transfer request with SARS and ensure all the relevant taxes are transferred in a timeously manner.
Comprehensive Analysis Of Taxes
We will do a full comprehensive analysis of all your taxes to ensure all taxes are in good standing with SARS. We will check recent history and current status for any penalties and interest that are outstanding and we will check that all returns are completed and filed with SARS. We can assist with any submissions that are outstanding to remedy the situation as quickly as possible.
We love what we do
Our Vision
We as Bookkeepers oversee your company’s financial data and compliance by maintaining the company’s books, payroll, and daily financial entries and reconciliations. We keep our clients work up to date with monthly financial reporting so they the client knows exactly where they stand financially every month.
Focus on building your business while we manage your book keeping & SARS submissions
Services
Profin Accounting strives to provide the most complete and effective solution to book keeping for companies. We handle the book keeping so you can build your business success.
Monthly Accounting
Monthly capturing of bank statements for all banks in company name, customer invoices and supplier invoices on accounting package for entire financial year to obtain a full set of accounting records. The financial year would be the full 12 months for the company.
VAT Calculation & Submission
Calculations of both the Output VAT and Input VAT based on income and expenditure for the VAT period. The submission would be done electronically to SARS via the SARS efiling system.
Wages & Salaries
Monthly calculation of the employee taxes including PAYE (Pay As You Earn), UIF and SDL (Skills Development Levy). This would also include payslips and calculations of wages paid weekly or monthly using timesheets or working hours provided. Wages and salaries can either be calculated using a Gross value (value of salary before taxes) or a nett value (value of salary after taxes have been deducted).
PAYE Calculations & Submission
PAYE (Pay As You Earn) and UIF calculations according to the SARS tax tables. . The submission would be done electronically to SARS via the SARS efiling system.
IRP5 Submissions
This submission involves the fill calculation of earnings and taxes paid per employee for the financial year. These figure must be correct for each employee as this IRP 5 will make up their Income Taxes payable to SARS. The process of submitting IRP 5’s to SARS also includes submission of an EMP501 which serves as a comparison for SARS to check that correct declarations have been done and submitted by the company each month and that each employee has paid correct taxes according to their earnings. The compilation of these IRP 5’s and EMP 501 are done through the SARS easyfile system and submitted electronically through SARS efiling.