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Vamily Accounting, situated in Kuilsriver,
is for new and existing small businesses and entrepreneurs in the Western Cape who does not have the time, skills
and means to keep bookkeeping systems themselves, and for whom a full-time bookkeeper is not
feast-able. Our bookkeeping services are the answer to all
your bookkeeping needs. We’ll take care of your administration and bookkeeping while you focus on what you do best:
running your business!
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Need to Know.
Provisional Tax.
Some 2010 Income Tax Snippets.
A special trust is one created solely for the benefit of a person affected by a mental illness or serious physical disability which prevents that person from earning sufficient income to maintain himself, or a testamentary trust established solely for the benefit of minor children who are relatives of the deceased. Where the person for whose benefit the trust was established, dies prior to or on the last day of the year of assessment or the youngest beneficiary in the case of a testamentary trust turns 21 years of age prior to or on the last day of the year of assessment, the trust will no longer be regarded as a special trust.
A loss incurred by a trust cannot be distributed to beneficiaries. The loss is retained in the trust and carried forward to the next year as an assessed loss.
Taxable income -R 0 - R 54 200 Rates of tax -Nil
Taxable income -R 54 201 - R300 000 Rates of tax -10% of the amount over R 54 200
Taxable income -R300 001 + Rates of tax -R24 580 + 28% of the amount over R300 000
Applies if
• All shareholders or members throughout the year of assessment are
natural persons who hold no shares in any other private companies or
members’ interest in any other close corporations or co-operatives
• Gross income for the year of assessment does not exceed R14 million
(2006 : R6 million)
• Not more than 20% of the gross income and all the capital gains consist
collectively of investment income and income from rendering a personal
service
• Investment income includes any annuity, interest, rental income, royalty
or any income of a similar nature, as well as dividends and any proceeds
derived from investment or trading in financial instruments (including
futures, options and other derivatives), marketable securities or
immovable property
• Personal service includes any service in the field of accounting,
actuarial science, architecture, auctioneering, auditing, broadcasting,
broking, commercial arts, consulting, draughtsmanship, education,
engineering, entertainment, health, information technology, journalism,
law, management, performing arts, real estate, research, secretarial
services, sport, surveying, translation, valuation or veterinary science,
which is performed personally by any person who holds an interest in
the company or close corporation, except where such Small Business
Corporation employs three or more unconnected full-time employees for
core operations
• The company, co-operative or close corporation is not an employment
entity.
Be sure to visit our blog for info and topics that concern the small business and where you can communicate with other small business owners. This is still a new feature of Vamily Accounting!
We support Pastel Accounting Software
Softline Pastel scooped awards at the Europe, Middle East and Africa (EMEA) ContactCentreWorld.com Awards last month( June 2008 ). The competition took place in the UK, where over 800 companies across the globe had entered including world-class brands such as Dell, Standard Bank and Kelly Group.
The Pastel contact centre came second in the Best Community Spirit category, third in Best Customer Service, and was a finalist in the Best Contact Centre and Best Outbound Campaign categories. Two of Pastel team members were also highly commended in the Best Contact Centre Agent and Best Contact Centre Leader categories.
Visit our download page for useful forms and info for your small business.
Vamily Accounting support WP CARE CENTRE
which is a non-denominational welfare organisation. One of their projects Food For Life feed 60 children daily from De Waveren Primary School in Ruyterwacht. They receive no assistance from the state and are in desperate need for food and financial support. Visit their website for more info and to give your support. Sponser a child for a month for R 300
Office hours : Consultations Tuesday to Thursday : From 10.00am - 12.00pm (only by appointment)
Other Services :
Because I need time to process client documentation I will only be available :
Tuesday to Friday : From 10.00am - 13.00pm
Telephone: 021 903 1390 Mobile: 083 759 3300
Fax: 086 652 1914 Email:
custcare@vamily.co.za
"If you wish to prosper, let your customer prosper." Bastiat
