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Accounting and Tax Club.co.za Q&A
Here’s why Gail doesn’t spend R10 000 a month on bookkeeping fees
Gail is a GP who’s just opened her own private practice. Because she’s trying to save money on admin costs, she is doing her books herself. She thinks: “How hard can it be?” The answer: “It’s very hard unless you’ve got the right tools at your fingertips!”
Your IT14 (company income tax) return showing income for your company in the year of assessment;
Your trial balance;
Signed financial statements;
General ledger; and
Employer reconciliation declaration (the EMP201 and EMP501 forms).
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