CMG Tax Services
Your Trusted Partner In Accounting, Tax Compliance & Financial Management
CMG Tax Services, we provide comprehensive accounting and financial management solutions tailored to medical practitioners, specialists, wholesalers, retailers, and small to medium-sized businesses. Our expert team is dedicated to ensuring your financial well-being through personalized and innovative services.
Accounting & Payroll Services
We handle all your monthly transaction processing tasks, including debtors and creditors invoicing, bank reconciliation.
Tax Services
We provide comprehensive personal tax services fo individuals, sole proprietors, and partnerships, including income tax registration.
Medical Accounting Services
At CMG Tax Services, we are not just one of the best in the industry, we are specialists in medical accounting.
We Inspire And Help Our Customers
We pride ourselves with the accuracy, reliability and timeliness of our services to clients.
CMG Tax Services Pty Ltd, we are a dynamic, client-orientated business that provides monthly accounting and bookkeeping services, registration and submission of tax for individuals and companies, registration of private companies, statutory returns and outsourced payrolls.
- Private Company Registration
- Non Profit Company Registration
- Personal Liability Company Registration
- Turnover Tax Registration
- PAYE Registrations
- VAT Registrations
- Beneficiary Ownership Update
- UIF/COIDA
Classen mike
SARS licensed Tax practioner & Tax Advisor (PR0114559)
Classen Mike is a SARS Licensed Tax Practitioner and Chartered Business Accountant in Practice (14933) registered under the Chartered Institute of Business Accountants. Classen Mike is a highly skilled and experienced tax accountant with a proven track record in providing exceptional tax services to a diverse clientele. With a Bachelor’s Honours degree in Accounting and Finance, has built a robust foundation in financial principles, tax regulations, and strategic financial planning.
Over the past seven years, Classen Mike has honed his expertise in tax preparation, compliance, and advisory services, working with individuals, medical practitioners, small businesses, and large corporations. His deep understanding of tax laws and regulations, coupled with a keen eye for detail, ensures that clients receive accurate and efficient tax solutions.
Classen Mike is adept at identifying tax-saving opportunities, navigating complex tax scenarios, and ensuring compliance with all relevant tax authorities. His proactive approach and dedication to staying updated with the latest tax developments enable clients to optimize their tax positions and achieve their financial goals.
Known for his professionalism, integrity, and client-centric approach, Classen Mike is committed to delivering personalized tax strategies that align with each client’s unique needs and circumstances. Whether it’s tax planning, filing, or resolving tax issues, Classen Mike provides comprehensive and reliable support to help clients navigate the complexities of the tax landscape with confidence.
About Us
Why Choose CMG Tax Services?
Our Story
At CMG Tax Services Pty Ltd, we specialize in Accounting, Bookkeeping, Consulting, and Tax Advisory services. Proudly affiliated with the Chartered Institute of Business Accountants (CIBA), we deliver exceptional expertise nationwide. Since our establishment in 2023, we have distinguished ourselves as a certified private/public accounting firm catering to individuals, businesses, governments, and non-profits. Our comprehensive suite of services encompasses accounting, independent reviews, consulting, and specialized tax advisory.
Our Mission
Our clientele spans governmental entities, medical practitioners, corporations, non-profit organizations, for-profit entities, small businesses, and individuals. We possess a particular expertise in medical accounting, leveraging years of experience and a deep understanding of healthcare sector intricacies.
At CMG Tax Services, we prioritize delivering high-quality, value-added services in tax, accounting, and consulting. As a boutique firm, we offer a unique advantage by dedicating a higher average level of staff engagement to each client. This ensures personalized attention and meticulous service tailored to individual needs. We are committed to serving as trusted business advisors, partnering with our clients to address a diverse array of business challenges.
Our Best Features
CMG Tax Services Pty Ltd, provides tailored financial solutions with personalized service, advanced technology, and a client-centric approach. Discover how our expertise ensures your business thrives.
Personalised Financial Solutions
At CMG Tax Services Pty Ltd, we tailor our services to meet the unique needs of each client, ensuring personliazed and effective financial solutions.
Expertise and Reliability
Our experienced team ensures all your accounting requirements are met with precision and punctuality, providing you with peace of mind.
Tax Compliance and Planning
We offer complete accounting and tax services, including registration, submission, capital gains tax calculation, and tax clearances, to keep your business compliant and optimized.
Advanced Technology
We utilize the latest accounting and tax software to keep your business up-to-date and compliant with regulatory changes.
Comprehensive Services
We offer a wide range of services, including monthly accounting and bookkeeping, tax registration, statutory returns, and outsourced payroll management.
Client-Centric Approach
We prioritize our clients' needs, offering responsive and personalized support to ensure their financial success and satisfaction.
SERVICES
Working Solutions For Business
CMG Tax Services provides a full suite of Financial Management services designed to streamline your business operations.
We handle all your monthly transaction processing tasks, including debtors and creditors invoicing, bank reconciliation, fixed asset register maintenance, general ledger upkeep, journal processing, and month-end tasks.
Our payroll services ensure accurate calculation and deduction of PAYE and other statutory payments, compliance with legislative requirements, and preparation of monthly payroll slips.
We also manage and submit your monthly statutory payments and returns, including PAYE, SDL, VAT, and UIF.
Monthly or Annual Bookkeeping Services:
We perform all your monthly transaction processing tasks:
- Processing of debtors invoices, credit notes and receipts
- Processing of creditors’ invoices, debit notes and payments
- Bank reconciliation
- Maintenance of your fixed asset register and depreciation journals
- Maintenance and reconciliation of the general ledger
- Processing of general journals
- Performance of month-end tasks and period roll-overs
Payroll Services:
Organisations are responsible for the correct calculation, deduction and payment of PAYE and other statutory payments from the salaries of their staff. Organisations have to comply with legislative requirements and minimise the negative effects of incorrect calculations on the cash flows of employees at the end of the tax year.
In order help organizations achieve these objectives we can perform the following tasks:
- Maintain your payroll master information
- Calculate the relevant statutory reductions
- Prepare monthly payroll slips
- Monthly Statutory Payments and Returns
- We prepare and submit your monthly statutory payments:
- PAYE (Pay As You Earn)
- SDL (Skills Development Levy)
- VAT (Value Added Tax)
- UIF (Unemployment Insurance Fund)
Budgeting:
We assist with the development of your annual budgets, aligned with your business and operational initiatives. Measurement systems can be implemented to measure your performance against budget.
Cash Flow Forecasts:
We assist with cash flow forecasting to enable you to manage your cash effectively and ensure the liquidity of your business.
Monthly Management Reports:
Financial transaction processing adds no value to your business unless it is adequately reported and available to management to take appropriate business decisions.
We provide:
- Income statements
- Balance sheets
- Cash flow statements
- Recommendations on improvement initiatives
We can perform the following business secretarial services for you:
- Formation of Private Companies
- Registration Private companies
- Close corporation/ Company registration amendments
- Amendments to the Memorandum and Articles of Association
- Postal address for the registrar of close corporations/companies
- Change of name, registered address of Company or Close Corporation
- Change of Directors or Members
- Annual returns for companies and Close Corporations
- Accounting Officers for close corporations/ companies
Personal Tax:
The following services are provided to individuals, sole proprietors and partnerships:
- Registration for income tax, including provisional tax
- Preparation and submission of first, second and third provisional tax returns
- Calculation of capital gains tax
- Completion and submission of annual income tax returns
- Review of and objection to income tax assessments
Corporate Tax:
The following services are provided to close corporations, companies (PTY) Ltd, body corporate’s and trusts:
- Registration for income tax, including provisional tax
- Preparation and submission of first, second and third provisional tax returns
- Calculation of capital gains tax and secondary tax on companies
- Completion and submission of annual income tax returns
- Review of and objection to income tax assessments
- Tax Clearances
At CMG Tax Services, we are not just one of the best in the industry, we are specialists in medical accounting. We understand what your practice needs and can provide you with the tools to make your books simple and hassle-free.
SERVICES
- Accounting for medical professionals
- Annual practice financial statements
- Monthly management of accounts
- Specialist financial consulting for your healthcare facility
- Calculation and submission of taxes
- Monthly Tax alculation estimate
We personalise each of our services to match your needs and will accurately guide you through your medical practice’s financial needs while equipping you with knowledge and understanding that will help you run a smoother operation.
Our services cater to the needs of long-standing practices, streamlining processes, and effectively managing accounts; as well as to newly established medical professionals needing expert guidance concerning their finances.
Private Company Registration
- Most popular registration
- A normal company that declares a profit or loss at the end of the financial year
- Individuals with profit-generated industries will register a Private Company
Non Profit Company Registration
- Minimum of 3 directors
- The objective of a NPC is to be a benefit to the public and not make a profit
- Churches, Clubs and Animal Shelters will register a Non Profit Company
Personal Liability Company Registration
- Directors can be personally or jointly liable for any liabilities incurred
- Professional industries such as Doctors, Lawyers, Auditors will register a Personal Liability Company
PAYE Registrations
All employees and company directors who earn a salary, wage, commission, etc above the threshold and work more than 24 hours a month, are liable for normal tax and must register with SARS. PAYE is the employee tax which is collected on behalf of SARS, which is paid monthly by the employer.
VAT Registrations
You must register your company for Value Added Tax (VAT) if the total value of taxable goods or services (sales income) is more than R1 million per annum, or is expected to exceed this amount over the next 12 months. VAT is levied at a standard rate of 15% on the supply of goods and services by registered vendors. There is a limited range of goods and services that are subject to VAT at the zero rate or are exempt from VAT.
UIF Registrations
All Employers must register for UIF (Unemployment Insurance Fund) your employees work 24 hours or more per month.
Workmans Compensation Registration
According to the law, all employers with employees must register for COIDA.
Import and Export Registration
If you are planning to bring controlled goods into South Africa, you need to register for an Import License with Customs. If you want to export certain goods out of South Africa, you need to register for an Export License with Customs.
CIDB Registration
Register with the Construction and Industrial Development Board, if you have a registered company and wish to apply for tenders or contract work within this industry.
Turnover Tax Registration
- Turnover tax is a simplified system aimed at making it easier for micro business to meet their tax obligations. The turnover tax system replaces Income Tax, VAT, Provisional Tax, Capital Gains Tax and Dividends Tax for micro businesses with a qualifying annual turnover of R 1 million or less. A micro business that is registered for turnover tax can, however, elect to remain in the VAT system (from 1 March 2012). Turnover tax is worked out by applying a tax rate to the taxable turnover of a micro business.
- Micro businesses with an annual turnover of R 1 million or less. The following taxpayers may qualify:
– Individuals (sole proprietors)
– Partnerships
– Close corporations
– Companies
– Co-operatives
SARS Representative Updates
Update your Representative of your company with SARS.
Tax Exemption Certificate
An organisation must be constituted in one of the following ways to be approved as a tax exempt institution:
Public Benefit Organisation
- An NPC incorporated in South Africa.
- A trust established in South Africa.
- An association of persons formed or established in South Africa. This association of persons must be formally established by adopting a legal founding document
- A branch of a foreign tax-exempt organisation.
Recreational Club
- An NPC incorporated in South Africa
- A society or other association of persons formed or established in South Africa. This society or other association of persons must be formally established by adopting a legal founding document
Membership Associations and Professional Bodies
- An NPC incorporated in South Africa
- A society or other association of persons formed or established in South Africa. This society or other association of persons must be formally established by adopting a legal founding document
Small Business Funding Entity
- An NPC incorporated in South Africa.
- A trust established in South Africa.
- An association of persons formed or established in South Africa. This association of persons must be formally established by adopting a legal founding document
Home Owners Association
- An NPC incorporated in South Africa
- An association of persons formed or established in South Africa. This association of persons must be formally established by adopting a legal founding document.
Public Institution
- Any institution, board or body established by or under any law (usually gazetted entities or entities required to register under any law). This specifically excludes the following entities:
- Any company or NPC
- Any trust
- Water services providers
- Automatic exemptions or entities exempt in terms of other sections
PRICING
Value That Speaks for Itself
Satisfied Customers
We'd love to hear from you
Contact Us
Monday – Friday: 8am to 4pm
Reach us through
- Old Mutual Building, Corner Helston Street & Newquay Road, Alberton,1449
- 011 568 9561
- info@cmgtaxservices.co.za
Social Networks
- cmgtaxservices
- @cmgtaxservices
- cmg_taxservices