We listen and act
We are a business based in South Africa, and we are delighted to serve you. Visit us.
OUR OFFERING
From us, you can expect the following:
Business Registrations
Business registrations in South Africa involve the formal process of registering a company or business with the Companies and Intellectual Property Commission (CIPC). This process is essential for legal recognition, allowing businesses to operate within the regulatory framework.
Registered businesses gain access to various benefits, including the ability to enter contracts, open bank accounts, and apply for funding. The process also includes compliance with tax obligations and adherence to other legal requirements, ensuring that businesses can operate responsibly and sustainably within the economy.
Business Information Submissions and SARS Registrations
In South Africa, Business Information Submissions refer to the process of providing key details about a business to various regulatory bodies, including the Companies and Intellectual Property Commission (CIPC). This includes submitting information like company registration documents, ownership details, and business addresses.
Additionally, SARS (South African Revenue Service) Registrations are crucial for tax compliance. All businesses must register with SARS to obtain a tax number, which is necessary for filing tax returns and paying taxes.
BBB-EE Administration
BBB-EE Administration refers to the management and implementation of the Broad-Based Black Economic Empowerment (BBB-EE) framework in South Africa. This policy aims to promote economic participation of black South Africans in the economy and address historical inequalities. BBB-EE encourages businesses to adopt practices that enhance black ownership, management, skills development, and supplier diversity.
Administering BBB-EE involves assessing and reporting on a company’s compliance with various criteria set by the Department of Trade, Industry and Competition. This includes gathering data, implementing strategies to improve ratings, and possibly undergoing external verification. Companies with higher BBB-EE ratings can benefit from preferential procurement opportunities and enhanced competitiveness in both the public and private sectors, ultimately contributing to a more equitable economy.
WORKING TOGETHER
We work with you to come up with the very best solutions for your challenges!
01
Business Administration
Business administration is the management process that involves planning, organizing, directing, and controlling an organization's activities to achieve goals. It covers various functional areas such as finance, marketing, operations, human resources, and strategic management. Professionals in this field work to optimize resources, enhance efficiency, and boost productivity by analyzing data, devising strategies, and implementing policies in alignment with the business vision. Emphasizing leadership, decision-making, and problem-solving, business administration is essential for navigating challenges and ensuring the sustainability and growth of organizations across industries.
02
Monthly Bookkeeping
Monthly bookkeeping is the process of systematically recording and organizing a business's financial transactions every month. It includes tracking income and expenses, reconciling bank statements, maintaining ledgers, and preparing financial statements. This practice helps business owners stay organized, gain insights into their financial health, and ensure tax compliance. It also aids in identifying trends and discrepancies, supporting informed decision-making, and laying a foundation for annual reporting and strategic planning, ultimately enhancing the business's financial stability and success.
03
Monthly Payroll Administration
Monthly payroll administration is the process of managing employee compensation each month, which includes calculating wages, deductions, and benefits, while ensuring compliance with labor laws and maintaining accurate records of hours worked and leave taken. Effective payroll administration guarantees timely and accurate employee payments, contributing to job satisfaction and retention. It also involves preparing tax documents, addressing pay-related inquiries, and staying updated on tax regulations. Overall, this process is essential for maintaining an efficient workforce and the financial and legal integrity of the organization.
04
Compensation Fund Administration
In South Africa, compensation fund administration manages the Compensation Fund, which offers financial protection to employees injured or made ill at work. This includes collecting employer contributions, processing claims, and providing benefits for medical expenses, lost wages, and rehabilitation.Governed by the Compensation for Occupational Injuries and Diseases Act (COIDA), effective administration ensures timely compensation, accurate record-keeping, and promotes workplace safety. It also helps reduce financial risks for employers while supporting employee welfare and fulfilling organizational responsibilities.
I love EYB Accounting Services because their service are progressive, and they always want to meet my requirements.
- Jane Smith
