Professional Support for Company Registrations
Starting a new business can be challenging, especially if it is your first business and you are not quite familiar with all the processes and requirements. Registering a business is just the first step – you also need to know what all the steps beyond that are before you can start doing business. Company registrations are often complex, especially since there are different types of companies that can be registered and you also need to consider additional aspects like tax registrations and opening your bank account.
When it comes to company registrations, you can choose between different types of companies, including a private company, public company or even a non-profit organisation. If you are not sure which type of company to register, it is always a good idea to work with a professional accounting team like Taxleaders.Net for professional guidance in terms of the entire registration process. There will be a great deal of paperwork to complete and this can often be a daunting task for first-time entrepreneurs. If you work with a professional accounting team, they can take care of your company registration, as well as any name or reservations, name changes and tax registrations. This makes the entire process easier and you can focus on other areas of your business.
Once your company registration has been taken care of, you can go ahead and register for the respective tax types as well as open your bank account and finalizing your business plan. These are all essential steps to take when starting any new business and it is important that you do everything right from the start. If you go into a partnership with someone else, you should always make sure that you draw up the relevant agreements and that you have a solid business plan in place. Your accounting team can assist you with this as it is always beneficial to have a professional team draw up any contract or agreements.
Registering for VAT
You will also need to register for the different tax types that you will qualify for. Amongst others, this can include personal income tax and provisional tax. You might also need to register your business for VAT, depending on the type of business you will operate and your expected turnover. Taxleaders.Net can assist you with your VAT registrations and allow you to get registered easily and effortlessly. When you have been registered we can also provide you with monthly VAT calculations and submissions to SARS.
In addition to company registrations, we can also provide you with BEE certification assistance. One of the criteria that your company will be rated according to is the company’s annual turnover. Your company can also be classified as an EME (Exempt Micro-Enterprise) if it has an annual turnover of less than R5 million. This means you will be 100% BEE compliant and if your company has a black shareholding exceeding 50%, it will be 110% BEE compliant.
Registering a business doesn’t have to be complicated, especially if you work with a professional accounting firm like Taxleaders.Net. We can assist you with everything – from company registrations and taxes, to monthly accounting support and payroll assistance. We provide you with everything you need to run a successful business as we believe that accounting and secretarial support is vital to the success of a business. We also provide reliable and professional accounting and tax advice, which is ideal for first-time business owners.
Taxleaders.Net specializes in professional accounting and tax support, including company registrations. We offer a wide variety of services to customers throughout South Africa and we look forward to working with you. For more information on the services we offer, please visit us online or get in touch with us directly.