Sit back, relax and let us do your tax.
We want to take an intimidating process and simplify it for you. Our focus is on individuals, small and micro entities where growth is the next, logical step.
On-Q Financial Services is an accounting firm that specialises in individual, small and micro businesses. We want to assist you with your monthly, financial responsibilities.
You specialise in your business; we specialise in finances.
Offers affordable financial services for:
Any employer who is a resident of South-Africa and who pays remuneration to an employee must deduct employees’ tax from the remuneration paid and pay it over to the Commissioner monthly. This is known as PAYE.
Consist of the compensation an employer must pay to the employees in its employment, on the agreed upon date (either verbally or written in the employment contract). Payroll is usually managed by the Human Resource department or a bookkeeper. It includes available leave and compensation breakdowns and it also assists in the payment of PAYE and other employee taxes such as UIF. The payroll of a business is the system that is used to manage all of these “moving parts”
VAT is a form of indirect TAX with the total of the direct cost being borne by the final consumer. Output VAT is levied at 15% on the supply of goods and services by a registered VAT Vendor. In certain cases a VAT Vendor may claim the VAT it paid from SARS in the form of Input VAT.
Bookkeeping is the recording of financial transactions for a business or individual. It includes the bank reconciliation, source document allocation and financial operations of an entity.
On-Q Financial Services offers advice on tax and payroll procedures. Our team consists of: Tax Technician Practitioner Payroll Specialist Qualified bookkeeper Our combination of knowledge can assist you in Sound financial decisions and To Operate in a financially responsible manner.
As a final add on service, we can assist your Accountant to compile financial statements for annual submissions. Our teams consist of BCom Qualified individuals and students that are busy with their BCom Management Accounting degree. They are well equipped to compile statements for you and your accountant for review.
Professionalism, creativity, passion, and planning. These are characteristics of an entrepreneur. Starting a new business takes hunger, combined with knowledge and the drive to take a risk!
It is exhilarating and exciting! As a small business owner, I have experienced this rush more than once. Together with all of this comes a responsibility. Business owners and individuals need to adhere to the tax obligations as set out by SARS. It is compulsory to submit tax returns, pay tax, adhere to payroll responsibilities, and register for VAT at a certain point in their business’s lifetime.
We don’t all consist of the knowledge and required skills to take on these tasks. It can be a complicated process with serious consequences if not handles correctly. This is why professional Tax Practitioners and Bookkeepers are appointed. We have studied these processes and we consist of the required combination of knowledge, qualifications, and know-how to assist you with your taxes.
Our vision is to take hands with you and assist to become compliant!
