KnowBright Chartered Certified Accountants is an accounting firm established in 2020 to offer a wide range of professional accounting, tax and advisory services to individual and corporate clients across South Africa.
We are a team of highly qualified, well-trained accounting professionals affiliated to a world-class body of professional accountants; committed to deliver the company’s values of excellence.
Our Services
ACCOUNTING | Financial Reporting, Bookkeeping and Management Reporting,
Financial Reporting and Bookkeeping
• Data capturing and Bookkeeping services (monthly/quarterly/annual)
• Setting up accounting systems for new businesses
• Compilation of management financial reports
• Reconciliation of Banks, Suppliers, Debtors, VAT, Salaries and Assets
• Periodic reviews of clients’ staff accounting work
• Compilation of annual financial statements in accordance with IFRS and IFRS
for SME’s
• Reviewing and analysis of financial statements and other reports
• Preparation of audit file for external auditors
Management Accounting
• Drawing up of Cashflow projections all types budgets an
• Monthly, Quarterly and bi-annually management accounts (Balance sheet plus
a profit and a loss statement)
• Asset register compilation and maintenance
• Breakeven Analysis and What-if Analysis
TAX
• Completion and submission of Income Tax returns via e-filing
• Calculation of tax liabilities for Corporates, individuals, Trusts and Other entities
• Completion and submission of IT14SD (Supplementary Disclosure returns)
• Calculation and submission of Provisional taxes
• SARS Tax Clearance Certificates for Tenders and Good standing
• Tax Directives application
• PAYE and VAT registration and deregistration
• Exemption certificate for Employee Tax
• Application for exemption from Income Tax
• Checking Income Tax assessments
• Import and Export Customs and excise registrations
• Arranging deferred payments
• Tax controversy, Objections, and dispute resolutions
• Advising on legislation and various forms of tax
• Estate duty and tax planning
• Dividends and donations tax
PAYROLL
• Processing of weekly, fortnightly, or monthly salaries and wages
• Issuing of paper or electronic pay-slips
• Payment of salaries and monthly statutory deductions from client funds
• SARS, COIDA (Workmen’s Compensation) and UIF registrations
• Calculation, completion, and submission of annual returns for
Workmen’s Compensation
• Calculation, completion and submission of monthly PAYE
• Calculation, completion and submission of monthly UIF returns at the
Department of Labour.
• Calculation, completion and submission of bi-annual EMP501 PAYE
reconciliations
• Calculation, completion and issuing of IRP5 and IT3 certificates annually
• Assisting with drafting and or the review of client employee policy and
procedure manuals and employment contracts
• Completion of payroll compliance audits
ADVISORY
• Evaluating your business’ market position, financial and operational
performance and identifying opportunities for improvement
• Designing effective growth strategies and processes for profit improvement
• Cash flow planning
• Advising you on managing your business finances
• Valuation and Acquisition of business assistance
• Assisting you in meeting all your compliance obligations
• Developing strategic action plans and managing organizational change
• Assistance with the sale of your business or acquisition of another business
OTHER SERVICES | B-BBEE & Secretarial Services
Services Provided
Work Focus