Reliable Bookkeeping Solutions
Who we are
All the benefits, none
of the overheads
At Elementary Bookkeeping, we believe in training and empowering women and youth as a key part of South Africa’s development. Our team is made up of passionate, reliable, and skilled individuals ready to bring value to your business through accurate, transparent financial services.
We also offer a FREE 30-minute consultation via Microsoft Teams to help assess your needs and explore how we can assist.
Streamline your finances with expert support tailored to your needs.
Build practical skills with personalised, hands-on training sessions.
Get strategic insights to overcome challenges and grow with confidence.
We are accredited SAGE and Xero service advisors
Let’s simplify your finances
We’ll take care of the numbers, so you can focus on growing your business.
Services We Offer
Our expert team ensures accuracy, compliance, and insightful reporting. Helping you make informed decisions and focus on growing your business with confidence.
- Accounts receivable processing (Customers and statements runs)
- Accounts payable Processing
- Bank, Petty Cash and credit card reconciliations
- Payroll journal entries
- VAT calculations and returns (VAT201)
- Monthly payroll processing
- Payslip generation and distribution
- PAYE, UIF, SDL calculations and submissions
- EMP201 submission to SARS
- EMP501 bi-annual reconciliation
- IRP5/IT3(a) certificates for employees
- Personal income tax returns (ITR12)
- Corporate income tax returns (ITR14)
- Provisional tax submissions (IRP6)
- Tax clearance certificate applications
- SARS Audits
- Registrations
- PAYE, SDL, UIF
- COIDA
- SARS Public Officer
- CIPC Annual Lodgements
- BO Submissions
- Income statement (profit & loss)
- Balance sheet
- Cash flow statement
- Trial balance preparation
- Custom financial reports
- Comparative period analysis
- Initial business needs assessment
- Chart of accounts setup
- Cloud accounting software setup (e.g., Xero, Sage)
- Document and workflow digitization
- One on One Training for business owners
- Migration from legacy systems
What Our Clients Say
Frequently Asked Questions
Get quick answers to the most common tax and VAT questions
Tax generally refers to all government levies, including income tax, while VAT (Value-Added Tax) is a specific consumption tax charged on most goods and services in South Africa. VAT is currently charged at 15%.
Any business with a taxable turnover of more than R1 million in a 12-month period is required to register for VAT with SARS. Voluntary registration is allowed for businesses earning more than R50,000 annually.
VAT returns are typically submitted every two months, depending on your VAT category. The due date is the 25th of the month following the end of the tax period, or the last business day if you file electronically.
You can register with SARS via their eFiling platform or by visiting a SARS branch. You’ll need your ID, proof of address, and banking details. If you’re a business, registration for corporate income tax, VAT, and PAYE may also be required.
Deductible expenses include business-related costs such as rent, salaries, utilities, accounting fees, and vehicle expenses. For individuals, contributions to retirement funds, medical aid, and travel expenses may also be deductible.
A tax clearance certificate is a document issued by SARS that confirms your tax affairs are in order. You can request one through SARS eFiling if your tax returns and payments are up to date.
Missing a tax deadline may result in penalties and interest. SARS can also impose administrative penalties for non-compliance, and in some cases, legal action may be taken.
Yes, all income earned is subject to tax. Freelancers and sole proprietors must register for income tax and submit annual tax returns. If earning above the VAT threshold, they must also register for VAT.
SARS will notify you via eFiling or official correspondence if you're selected for an audit. You’ll be asked to submit supporting documents for the information you’ve declared in your tax returns.
Absolutely. A registered accountant or tax practitioner can assist with tax returns, VAT submissions, audits, and communicating with SARS on your behalf to ensure compliance and avoid penalties.
