Olympus Business Services

Our Services

Taxation

We provide corporate and personal tax planning services. Paying taxes forms every part of our lives, whether in your business or personal capacity. We provide tax services that are practical, relevant and focused on our clients’ specific business and personal requirements, regardless of their size or industry. Our clients have access to tax experts who are dedicated to finding the best possible tax solutions for your business.

When assisting our clients on tax matters, we also look beyond our local laws and regulations. We are living in a global village where there is regular international exposure in most of tax transactions, be it on a personal scale or within a business structure. We are more than ready to assist our clients with local and international tax advice. On the international scene, we specialise in working with organisations that require in-depth, up-to-date knowledge of local rules together with seamless co-operation between tax professionals in different jurisdictions. Our objective is to ensure our clients comply with the relevant legislation while at the same time striving to minimise their tax liabilities where possible in a legal and professional

Payroll Services

Administering your payroll services can often be time consuming, diverting energy and resources from the core activities of your business. It is always the biggest cost to your organisation and is often thought as being mundane and unimportant. At Olympus Business Services, we will always strive to a professional, accurate and responsive outsourced payroll service. This means that we pay great attention to detail and work closely with you to achieve that. Our payroll system is tailored to provide each client with a simple and efficient service whilst maintaining a very high level of security. Our services includes salary and bonus processing, payslips, preparing IRP5's, PAYE reconciliations, monthly salary journal, leave days and providing monthly/weely reports to the client.  

 

Olympus Business Services is a SAIBA registered accounting practice that provides outsourced accounting, bookkeeping and tax services to small, medium and established businesses in South Africa. We embrace technology to communicate and collaborate with all our valued clients. We use Sage Pastel and SageOne accounting and payroll services.

Outsourced Accounting and Bookkeeping Services

 

Our services are very flexible and suits the needs of every business. We provide monthly management reports, tax planning and submissions at a fixed monthly fee or retainer fee. Annual financial statements are prepared within 6 months after the year end to comply with the Company's Act. 

Our outsourced accounting department works closely with the Tax and Corporate Statutory Services to provide a range of outsourced accounting and payroll services. These include:

  • Preparation of monthly management accounts

  • Financial Reporting packs

  • Preparing Audit packs

  • Preparing Annual Financial Statements

  • Assistance with preparations of budgets and monitoring

  • Preparation and reconciliation of accounts receivable and accounts payable

  • Preparation of requisitions

  • Processing of payment of accounts

  • E-filing process for VAT and employee tax returns

  • Business plans and cash flow projections/forecasts

 We can assist with short term assignments or specific projects to meet client’s needs. These may include the initial setup of company records onto Pastel and the catch up of records to a current financial position. Our services extend to large international and multi-national companies, South African focused entities that want to outsource some or all of the administration and small private companies and trusts

 

 

Corporate Statutory Services

Our Corporate Statutory Department provides clients with a wide range of statutory services including:

  • The formation and registration of all forms of companies, including public and private companies, personal liability companies, ring fenced companies, non-profit companies and external companies.
  • Drafting and amending a company’s Memorandum of Incorporation.
  • Conversion of companies and close corporations
  • Conversion and alteration of the share capital of companies
  • Allotment, repurchase and transfer of shares
  • Attend to the preparation, completion and lodgement of the Annual Return
  • The maintenance and storage of statutory records
  • The drafting of resolutions (ordinary and special) and preparing minutes of meetings
  • Appointment and resignation of directors
  • Perform the duties of the company secretary in all its forms.
  • Voluntary liquidations.
  • Statutory audits and due diligences.

With the introduction of the 2008 Companies Act, and the complexities involved with statutory compliance and company secretarial matters, our Corporate Statutory Department has seen substantial demand for its services. Our clients range from profit companies, both public and private, non profit companies and external companies.

The Corporate Statutory Department comprises a number of highly skilled persons who are committed to providing our clients with superb and efficient service.