LTM Accounting

Happy New Year! 🎆 As we welcome 2025 with open arms and a heart full of hope. The start of a new year is always a special moment—a time to reflect on our milestones, and look ahead to the opportunities and challenges that lie ahead. To all our clients, colleagues, and partners, we want to express our heartfelt gratitude. Your trust, collaboration, and support have made 2024 a year to remember. It’s been an honour to be part of your growth and success, and we’re excited to continue this journey together in 2025. May this year bring joy, success, and peace to you and your loved ones. #HappyNewYear #Welcome2025 #NewYearGoals #ReflectionAndGrowth #PositivityAndSuccess #NewBeginnings #Gratitude #SouthAfrica #LTMAccounting #YearOfPossibilities

Looking to streamline your business operations? Look no further! We've got you covered from start to finish! Whether you're a new startup or an established enterprise, we offer comprehensive solutions tailored to your needs: ✅ New Registrations ✅ Conversion of Companies and Trusts ✅ Annual Returns ✅ Maintenance of Statutory Records ✅ Statutory Audits and Audit Report ✅ Compile and Submit the Memorandum of Incorporation Don't let administrative tasks bog you down! Contact us today to learn more! 🚀📈✨ Reach out to us today! 📧 admin@ltmaccounting.co.za 🌐 www.ltmaccounting.co.za #LTMAccounting #CIPC #BusinessSolutions #Efficiency #Compliance #GrowWithUs

In South Africa, both Provisional Tax and PAYE (Pay-As-You-Earn) are methods for collecting income tax. While they serve the same ultimate purpose—ensuring taxpayers contribute to national revenue—they apply to different scenarios. Understanding the distinction is essential for maintaining compliance with SARS and ensuring you’re meeting your tax obligations effectively. 💡𝗣𝗔𝗬𝗘 (𝗣𝗮𝘆-𝗔𝘀-𝗬𝗼𝘂-𝗘𝗮𝗿𝗻) PAYE is deducted from employees’ salaries or wages by their employers and submitted directly to SARS. 𝗞𝗲𝘆 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗣𝗔𝗬𝗘: ✔️ Applies to employees with fixed monthly earnings. ✔️ Tax is calculated and deducted monthly by the employer. ✔️ No additional payments are required unless other income streams exist. 💡 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝗮𝗹 𝗧𝗮𝘅 Provisional Tax is for individuals and entities earning income outside of regular employment. 𝗞𝗲𝘆 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝗮𝗹 𝗧𝗮𝘅: ✔️ Paid by individuals and entities. ✔️ Payments are made in advance—twice annually (or three times with a voluntary top-up). ✔️ Final calculations are done after the financial year-end to determine any outstanding amounts. Understanding your tax responsibilities ensures you remain compliant and avoid unnecessary penalties. Take time to evaluate your income streams and determine which system applies to you. Knowledge is power when it comes to managing your taxes efficiently! Contact us today! 📧 admin@ltmaccounting.co.za 🌐 www.ltmaccounting.co.za #ProvisionalTax #PAYE #TaxEducation #SouthAfricaTax #SARSCompliance #TaxResponsibilities #FinancialPlanning #TaxTips #IncomeTax #AccountingKnowledge

Happy Holidays! 🎄 Today is a time to pause, reflect, and cherish the moments that truly matter. It’s a season of joy, togetherness, and gratitude—a chance to celebrate the simple things that make life beautiful. To everyone celebrating this festive day, we send our warmest wishes for peace, love, and happiness. May your day be filled with laughter, the company of loved ones, and the comfort of holiday traditions that bring you joy. #HappyHolidays #SeasonsGreetings #Gratitude #JoyfulMoments #Togetherness #HolidaySeason #PeaceAndLove #CherishedMemories #LTMAccounting

𝗪𝗵𝘆 𝗿𝗲𝗴𝘂𝗹𝗮𝗿 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝗿𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗶𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗮 𝗴𝗮𝗺𝗲-𝗰𝗵𝗮𝗻𝗴𝗲𝗿 𝗳𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 Reconciliation is the process of comparing your financial records to bank statements to ensure accuracy and consistency. It's more than just balancing the books—it's about maintaining trust and compliance in your financial system. 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝗿𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗶𝗮𝘁𝗶𝗼𝗻: 1️⃣ Improves financial accuracy: Regular checks eliminate discrepancies and errors in your accounts. 2️⃣ Enhances decision-making: Accurate records help you make informed business decisions. 3️⃣ Simplifies tax filing: Consistent reconciliations mean smoother tax submissions, as all transactions are accounted for. 4️⃣ Detects fraud early: Spot irregularities quickly to safeguard your business from financial fraud. At LTM Accounting, we offer comprehensive reconciliation services, helping businesses of all sizes maintain financial clarity and control. Don’t let errors pile up—start reconciling today for a stronger financial future. 📧 Contact us: admin@ltmaccounting.co.za 🌐 Visit: www.ltmaccounting.co.za #AccountReconciliation #BusinessTips #AccountingServices #FinancialAccuracy #TaxCompliance #SARSCompliance #LTMAccounting #SouthAfricaBusiness #SmallBusinessSupport #FraudDetection #ReconciliationMatters #FinancialHealth #BookkeepingTips #BusinessFinance #ComplianceMatters

Simplify your payroll process with LTM Accounting! From setup to submissions, we've got all your payroll needs covered: 📝 Payroll System Setup 📑 Employment Contracts 💰 Wage & Salary Administration 📄 Payslip Provision 📆 Leave Management 💳 Third-Party Payments 💻 Electronic Submissions 📊 Tax Compliance 🤝 SARS Liaison & New Registrations Trust LTM Payroll Services to handle your payroll needs efficiently and effectively. Reach out to us today! 📧 admin@ltmaccounting.co.za 🌐 www.ltmaccounting.co.za #LTMAccounting #FinancialExcellence #Accountants #Bookkeepers #Payroll #Tax #TaxDeadlines #BusinessCompliance #FinancialResponsibility #EfficiencyInNumbers #BusinessSolutions

📌 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿: 𝗩𝗔𝗧 𝗦𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗶𝘀 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗶𝗻𝗴! 📌 The festive season may be in full swing, but it’s important not to lose sight of your business responsibilities. Your VAT submission deadline is around the corner. Ensure your returns are filed accurately and on time. Reach out today! 📧 admin@ltmaccounting.co.za 🌐 www.ltmaccounting.co.za Let's ensure your business stays compliant. #LTMAccounting #BusinessGrowth #FinancialExcellence #Accountants #Bookkeepers #Payroll #Tax #TaxDeadline #BusinessCompliance #FinancialResponsibility #VATSubmission #BusinessOwners #StayCompliant #FinancialResponsibility

Today we come together as South Africans to honour our journey of healing, unity, and understanding. Reconciliation Day is not just a reminder of our past, but also a call to build bridges, celebrate our diversity, and work toward a shared future. Let's reflect on the power of reconciliation—not only in our communities but also in our everyday interactions. Wishing you and your family a meaningful Reconciliation Day! 🇿🇦 #ReconciliationDay #UnityInDiversity #SouthAfrica #ReflectAndUnite #BuildingBridges #SharedFuture #Ubuntu

Elevate your financial game with LTM Accounting! Our tailored services are designed to fuel your business growth and success! We assist with: 📈 Monthly Bookkeeping – recording of transactions in Pastel and preparation of management accounts 💼 Supply financial information for banks and other institutions 📑 Annual Financial Statements Ready to harness the full potential of your business with a skilled accountant? Reach out to us today and take the first step toward supercharging your business. 📧 admin@ltmaccounting.co.za 🌐 www.ltmaccounting.co.za #LTMAccounting #BusinessGrowth #FinancialExcellence #Accountants #Bookkeepers #Payroll #Tax #TaxDeadlines #BusinessCompliance #FinancialResponsibility

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗣𝗔𝗬𝗘, 𝗮𝗻𝗱 𝘄𝗵𝘆 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿? PAYE (Pay-As-You-Earn) is a critical component of South Africa’s tax system, requiring employers to deduct income tax from employees' salaries before payment. This ensures employees remain compliant with SARS regulations, as tax is paid progressively throughout the year. 𝗪𝗵𝘆 𝗣𝗔𝗬𝗘 𝗶𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁: 💼 It simplifies tax payments for employees, as the tax is calculated and deducted at source. 💼 It helps employers maintain compliance and avoid penalties from SARS. 💼 It ensures employees contribute their fair share to national revenue. PAYE compliance is not just a legal requirement—it’s also good business practice. Mistakes in payroll deductions can lead to employee dissatisfaction and hefty penalties from SARS. At LTM Accounting, we specialise in managing PAYE submissions to SARS. From calculating accurate deductions to reconciling accounts, we ensure your payroll is error-free and compliant. Contact us today to discuss how we can help streamline your payroll. 📧 admin@ltmaccounting.co.za 🌐 www.ltmaccounting.co.za #PAYECompliance #SouthAfricaTax #SARSCompliance #PayrollManagement #TaxFiling #BusinessTips #EmployerObligations #LTMAccounting #AccountingTips #FinancialHealth #SmallBusinessSupport #PayrollEfficiency #TaxEducation #BusinessCompliance #SouthAfrica