About Bella Finance
A Brief Story
With over 10 years’ experience, I have worked on small and large projects, from setting up a Procurement department, to managing cashflows and budgets, to processing full financial records. My experience in organisational settings translates to my consultancy approach, which is participatory, relying on consultation and building on existing organisational knowledge and skills to find tailor-made solutions to Finance and Admin areas. An owner-run business, registered in 2015 as a private Company, I contract in support as needed.
Our Services
A passionate Technical Financial Accountant with experience in the corporate, NPO and NPC sectors. I provide practical Finance and Admin guidance, support and solutions to the non-profit, entrepreneur and corporate sectors, drawing on the following skills and approaches:
• Company/NPC registrations or dereigistration on CIPC
• Annual CIPC returns
• BBEEE affidavits / preparation for audit
• Central Supplier Database registrations
• Review of policy and procedures / creating and implementation
• Tender/Grant application assistance
• Financial Budgeting and planning
• General Bookkeeping
• Procurement processes – Public and private sector
• Income tax returns / VAT returns
• Website Design, email hosting & Domain Registration
Enquire Online
For any queries contact us on 0735774943 or complete the form below
Our Policy
We are passionate about serving SMME’s and NPO’s/NPC’s at affordable rates. We are committed to giving the best solution to ensure your business is successful.
Admin & Finance Solutions
We provide practical Finance and Admin guidance, support and solutions to the non-profit, entrepreneur and corporate sectors.
Faq
Why should I register a company?
It enhances your identity and adds credibility to your operation: Registering a business makes it easy for potential customers to identify you as a legitimate operation. It attracts business and funding opportunities: To qualify for a business loan, you must have an official business registration. Investors are more likely to take you seriously if you’re asking for investment in a registered business. It makes the business real for you and keeps you focused: Having a formal business will encourage you to dedicate your energy towards it. You can be proud of the fact that you’re a business owner – it’s no longer just an idea or a hobby. It establishes your company as a separate financial entity: When your business is registered, your personal and business finances will be treated as separate. This means that your personal assets cannot be seized to repay debts owed by your business and you cannot be held responsible for the debts – unless you have personally guaranteed them. It protects you from personal liability: As a registered business, your company is now a separate legal entity. This means that any legal matters will be kept separate from your personal affairs.
What is a company income tax return, and do I have to submit one?
The short answer is yes.
There is a misconception that if a company does not have to submit a company income tax return every year. It is a legal requirement for all registered companies to submit a company tax return on an annual basis, within 12 months after the year end of the company. This requirement is across the board for all companies, whether it is making a profit, loss and even if they are dormant.
A dormant company is a registered entity that has not traded in any way during the given financial year. This company is still a registered active company according to the South African Revenue Service. Thus, if dormant, it is still required to submit a company income tax return, every year. Submitting tis return is simple and is basically a tick block to complete in the opening wizard of the tax return that indicates the company is dormant. This will result in a shortened version of the tax return being generated. Note, however, that if the company is dormant and has assets and/or liabilities, the section of the return detailing this must still be completed.
What are Policies and Procedures and Why are they important?
Together, policies and procedures provide a roadmap for day-to-day operations. They ensure compliance with laws and regulations, give guidance for decision-making, and streamline internal processes.
Policies and procedures are designed to influence and determine all major decisions, actions and all activities take place within the boundaries set by them. They also set standards of behaviour, conduct and performance for employees. As a result, policies and procedures clearly define and set the expectations for employees and provide a source of reference for employees to be able to review and check if they are meeting those expectations
Advantages of having a website and email hosting for small business
- Low budget web development.
- Wider audience reach due to website accessibility 24/7.
- Brand visibility and brand recognition.
- Easy online promotion of your small business with a website.
- Customer insights by tracking user behaviour on your website
- Having Your Domain in Your Email Address Improves Brand Consistency. …
- Email Hosting Is Scalable and Can Grow With Your Site. …
- You Can Increase the Security of Your Inbox. …
- Reliable Email Hosting Provides More Uptime. …
- Your Email Solution Will Integrate With Other Tools
What is the difference between a NPO and a NPC?
To start, an NPO stands for a non-profit organization and means exactly that. NPOs include NGOs (Non-governmental organizations), FBO’s (Faith-based organizations), and CBO’s (Community based organizations). On the other hand, an NPC stands for a non-profit company.
Profits are not to be enjoyed by the members but reinvested to meet the purpose of the organization.
Both NPO and NPC are allowed to register with SARS (South African Revenue Services) as a PBO (Public Benefit Organiztion) to benefit from special tax exemption. Non-profit companies (NPCs), as well as trusts, can still get PBO status even without needing to register under the NPO Act
Do I need to do Annual returns even though my company was inactive?
Yes. Even if your company was inactive, it is still legally required to file and pay annual returns. You would simply submit a zero turnover return
Do Small companies need to register for VAT (Value added Tax) with SARS?
It is mandatory for any business to register for VAT if the income earned in any consecutive twelve month period exceeded or is likely to exceed R1 million. Any business may choose to register voluntarily if the income earned, in the past twelve month period, exceeded R50 000