Xenith Wealth: Bookkeeping Services for Businesses

01 Year End Accounts

Year-end Accounts, also known as financial accounts, statutory accounts or

company accounts are generally required to be produced by majority of companies. These year-end accounts help in providing a summary of a companies financial activity, generally over a set period of time (usually 12 months) and are based off of the bookkeeping of the business. These accounts are made up of financial statements and records that contain comprehensive information about a company’s transactions, operating performance and financial position at the end of its financial year. The information in the accounts will be used to prepare a Company Tax Return for HMRC and estimate the amount of corporation tax owed by a company.
What Is Included in Full Statutory Annual Accounts?

A balance sheet outlining the value of everything owned by your company.
A profit and loss account outlining the company sales and running costs, as well as the loss or profit it made for the period of its latest fiscal year.
Notes regarding the annual accounts
Report from a director/s
The name and signature of director on the balance sheet
Report from an auditor unless the company is exempt
Statement of Cashflows for the year ended

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02 Returns

Year-end Accounts, also known as financial accounts, statutory accounts or

taxes regarding income tax, inheritance tax, capital gains and trusts. Tax services also include the preparation of tax returns and submitting them to HMRC on your behalf. A good personal tax accountant will also discuss tax liabilities so that you can benefit from any claims available.

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03 Bookkeeping

We offer customized, fixed monthly plans based on your business needs, your wants, and your budget. There are no

additional software purchases required because each plan includes the cost of the software used! You’ll receive zero unexpected bills. If you require additional work beyond the scope of your plan, we will always agree on a fixed price with you, in advance. We start with the basics and custom build your plan around your needs. The minimum package includes the following:

Sage One or Xero setup and training
Bookkeeping done monthly
Complete Payroll for up to 10 staff included
Payslips
Monthly PAYE, UIF & SDL submissions (EMP201)
Bi-Annual PAYE Reconciliation (EMP501)
Annual IRP5 compilation and submission
VAT calculation and VAT201 submission
Monthly management reports
SARS audit and query support

Tax returns:

Directors’ Provisional IRP6
Directors’ Income Tax IT12
Company’s Provisional IRP6
Company’s Income Tax IT14
Tax Clearance Certificate
Annual Financial Statements
CIPC annual return

Please contact us for more information and we can setup a free consultation.

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04 Payroll

Xenith provides business owners with accurate, confidential and cost-effective payroll services that meet the needs

of each unique business. Using a combination of technologies and best practices, we will ensure that your payroll data is secure and aligned with the latest regulatory requirements. We provide practical and timely assistance in a professional manner. Xenith can handle the processing of your payroll from start to finish. We do all forms of payroll preparation whether it be weekly, bi- weekly, fortnightly and monthly payroll, we can assist with it all!
Who needs Payroll services?

Essentially, any company or employer which has employees working for them, needs to run an official payroll. The HMRC requires that the company submit Real Time Information (RTI) on each payday to ensure that everything is in order and that the wage and national insurance/tax has been paid correctly.
As a company or employer, you normally have to account for and deduct PAYE as part of the payroll process. PAYE is the HMRC’s system to collect Income Tax and National Insurance from employment.
It is important that the correct information is provided to HMRC as false or incorrect information could result in fines and penalties, as well as accruing interest on any missed payments.

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05 Secretarial

Xenith Wealth can assist with administrative and company secretarial services, in order to ensure that your business

complies with regulatory obligations as it grows. We understand that maybe your business is not big enough to hire a full time bookkeeper and maybe once off assistance is required, either way, we can assist you with all your needs!
Advisory and Consulting This will include, but will not be limited to, advisory on the following:

Business strategy and objectives implementation
Evaluating the existing process or structure and fine tuning some or many of the company’s operations
Analysis of various investment options to optimize cash flow
Profit maximisation techniques
Business valuations
Working capital consulting
A balance sheet outlining the value of everything owned by your company
A profit and loss account outlining the company sales and running costs, as well as the loss or profit it made for the period of its latest fiscal year
Notes regarding the annual accounts
Report from a director/s
The name and signature of director on the balance sheet
Report from an auditor unless the company is exempt
Statement of Cashflows for the year ended

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Our Services

01

Year End Accounts

02

Returns

03

Bookkeeping

04

Payroll

05

Secretarial

Who we help

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Services

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