F.A.C.T.S Payroll and Financial Services offers an excellent and efficient service to both Small and Medium Enterprises (SMEs) and pride ourselves in being able to provide both a professional and personal services to each and every one of our clients.

Payroll
3 Reasons to outsource your payroll function

• Management and processing of a payroll is both complex and time consuming         
• Tax and labour laws are constantly changing where the penalty for non-compliance is significant and are a real concern for organisations today.
• This often results in key resources being distracted from their key function and focusing on a process which is not key to your core business.

What does F.A.C.T.S Payroll and Financial Services  offer with regards to payroll administration

• Payroll administration of monthly, fortnightly and weekly payroll
• Capturing of all your payroll related changes and input for example overtime, loans, provident funds
• Generating professional payslips on pre-printed stationery 
• Processing all loans, garnishee orders and third party payments on the payroll and maintenance of their relevant balances          
• Providing reports in either printed or electronic format. These include a company reconciliation report, a variance report detailing differences to the previous month's payroll, listing all earnings, deductions and company contributions made during the pay run.
• Provision of a summary report which will detail all payments that you are required to make to all 3rd parties, including SARS, UIF, SDL (Skills Development Levy), Medical Aid, Pension/Provident Fund, Garnishee Orders and Unions etc.
• Detailed reports will also be provided
• Processing of leave taken and maintenance of all leave balances
• Handling of payroll queries through one central person in your business
• Annually provide IRP5/IT3(a) for each employee 
• Provide a reconciliation of all employees tax paid and the electronic submission of your EMP501 and IRP5/IT3(a) records to SARS          
• Electronic transfer of salaries to your employees bank accounts
• Electronic submission of EMP201 returns to SARS on a monthly basis
• Electronic submission of the UIF records on a monthly basis to the Department of Labour

Financial Services
When choosing who to outsource your bookkeeping to, look no further than F.A.C.T.S Payroll and Financial Services as we are able to tailor make a service and solution that fits you and your organisation. F.A.C.T.S Payroll and Financial Services offers a comprehensive back-office services that include everything from Tax and VAT management through to Payroll Services, Accounting and Bookkeeping.

On F.A.C.T.S Payroll and Financial Services  include the following:
The professional management of your company's books and accounting. Our systems ensure that you will always have accurate and up to date bank reconciliations, financial statements and balance sheets delivered to you.

Our thorough knowledge of the Tax System means we will ensure all your Tax Returns and VAT is done properly so no penalties will be incurred.

You and your organisation would benefit from using F.A.C.T.S Payroll and Financial Services  if you are currently feeling like

• Your bookkeeping is behind and affecting cash flow
• You the one doing the books and finding it's a total waste of your time
• Your back-office costs too high and you do not have enough work to keep your bookkeeper busy
• You need to cut your back-office costs and yet want to increase your quality
• You want to eliminate employee drama
• You need to obtain quality numbers on which to base decisions
• You need more time to focus on sales and customers
• You paying tax penalties again        

Our services include:
•        Management Accounts
•        Cash Book and Trail Balance
•        Annual financials 
•        IRP6 (Bi-annual / Provisional Tax Returns)          
•        Income Tax Returns (IT12/ IT14's)
•        EMP 501 (Annual)
•        EMP 201 (Paye, Uif, SDL)
•        VAT 201 (Monthly)
Devote more time and energy to growing your business by outsourcing all day-to-day Accounting, Payroll and Administrative functions to a team of professionals.

F.A.C.T.S Payroll and Financial Services  provides a cost effective, professional, and efficient Payroll administrative and full Accounting consulting service to businesses that do not have a payroll infrastructure or a financial department.