Schutte Accounting - close corporation

Close Corporation Registration Packages 2010

Four packages are available to all new close corporation registrations for the 2010 year.

A: Startup CC Package     (1-50 Bank Transactions Per Month)
B: Small CC Package       (50-100 Bank Transactions Per Month)
C: Medium CC Package   (100-150 Bank Transactions Per Month)
D: Large CC Package       (100-150 Bank Transactions Per Month)

Larger close corporations terms are to be tailored to suit the client.

The services included in these packages comprise of the following:

· Name Reservation – completion and lodgment of CK7 with CIPRO.

· CC Registration – completion and lodgment of CK1 form with CIPRO.

· Opening of a current account by using CK number obtained from CIPRO.

· Registration of the close corporation for income tax.

· Registration of the close corporation for provisional tax.

· Registration of the close corporation for PAYE and UIF.

· Capturing of bank account movement on QuickBooks or Pastel including monthly bank

reconciliations.

· Monthly debtor and creditor re conciliations including ageing reporting to member if required.

· Providing of Excel petty cash templates to member.

· Fixed asset register maintenance, including depreciation calculations.

· Completion and submission of monthly PAYE and UIF returns.

· Completion and submission of bi-annual provisional tax returns (February and August).

· Completion and lodgement of annual return with CIPRO.

· Issue of IRP5s for the members / employees of the close corporation.

· Completion and submission of IRP501 reconciliation for the close corporation.

· Attending to all SARS correspondence via e-filing.

· Confirmation of earnings of the member when needed.

· Handling of all correspondence with banks when required.

· Drafting of annual financial statements including signing of accounting officer’s report.

· Completion and lodgment of annual income tax return of the close corporation.

· No extra charges for telephone calls and email correspondence for e.g. tax advice on subjects
that do not require in-depth research.

· All other services charged at R350.00 per hour, but will be discussed with client prior to
commencement.