We prepare and maintain full client accounting and payroll functions through monthly management accounts and annual financial statements from source documents. At Baker Tilly Tuffias we will complete and submit statutory returns such as VAT and PAYE and compile any other schedules and working papers required for audit.
Monthly Accounting
Monthly Accounting
Monthly accounting
From day-to-day bookkeeping to financial reporting, we provide comprehensive accounting services, leaving you to focus on running your business.
Payroll
Payroll
Payroll
Baker Tilly Tuffias provides confidential and compliant payroll solutions, ensuring accurate employee payments and timely statutory submissions.
Compilation
Compilation
Compilation
Baker Tilly Tuffias provides compilation services, assisting businesses with the preparation of accurate and compliant annual financial statements in accordance with the applicable financial reporting framework.
Monthly tax
Monthly tax
Monthly tax
Baker Tilly Tuffias provides monthly tax compliance services, ensuring your VAT, PAYE, SDL and UIF obligations are accurately calculated and submitted on time.
Monthly accounting
Transaction processing
- Processing from source documents to trial balance
- General ledger maintenance
- Journal processing and month-end adjustments
Reconciliations
- Debtors and creditors reconciliations
- Bank and cash reconciliations
- Balance sheet reconciliations
- Intercompany reconciliations
- Inventory reconciliations
Financial reporting
- Monthly management accounts
- Fixed asset register preparation and maintenance
Monthly tax
- VAT
- PAYE
- SDL
- UIF
Accounting software
- Assistance with accounting software implementation and migration
- Cloud accounting solutions (Xero, Sage, QuickBooks)
Payroll
Payroll processing
- Payroll processing using Sage Payroll, VIP or your preferred payroll software
- Weekly, fortnightly and monthly payroll processing
- Payroll calculations, including overtime, bonuses and allowances
- Electronic distribution of payslips
- Payroll reports and management summaries
Payroll compliance
- Preparation and submission of PAYE, SDL and UIF returns
- Preparation and submission of EMP501 reconciliations
- IRP5 and IT3(a) certificate preparation
- COIDA (Workmen’s Compensation) annual returns and Letter of Good Standing
- Assistance with SARS payroll queries and audits
- Employee tax directive applications
- Fringe benefit calculations
- Payroll support and advisory
Compilation services
- Compilation engagements in accordance with ISRS 4410 (Revised)
Preparation of annual financial statements
- IFRS financial statements
- IFRS for SMEs financial statements
- Financial statements prepared using an entity-specific reporting framework
- Consolidated annual financial statements
Monthly tax services
- Calculation of amounts payable to SARS
- Preparation and submission of VAT returns
- Preparation and submission of PAYE, SDL, UIF returns (EMP201 returns)
- Loading or facilitating SARS payments
- Reconciliation of SARS tax accounts
- Assistance with SARS queries relating to monthly submissions