VHA Accounting Solutions

Employment income is generally taxed where the services are physically exercised. The place of contract conclusion, where the employer is based and where the remuneration is paid is irrelevant in determining the taxation of employment income. This principle is supported by South African legislation and case law.

Income earned from South African employers for services rendered in South Africa will be subject to South African employees’ tax. Employees’ tax refers to the amount of money that an employer who is a resident in South Africa deducts (or withholds) from an employee’s remuneration each month, which it pays over to SARS as partial payment of that employee’s annual tax liability. The amount is calculated according to the employee’s level of earnings using the applicable tax rate. The system where employees’ tax is deducted and accounted for monthly is also called Pay-As-You-Earn (“PAYE”).

The purpose of PAYE is to ensure that an employee’s income tax liability is settled while the income is earned. The advantage of this system is that the income tax liability for the year of assessment is settled over the course of the whole year of assessment. PAYE is therefore a withholding tax on employment income, which will be offset against the employee’s final income tax liability for the year of assessment.

The obligation to withhold PAYE on remuneration paid by an employer to its employees is regulated in the Fourth Schedule to the Income Tax Act No 58 of 1962. The Act, in this regard, omits to draw a distinction between residents and non-residents and simply emphasises the importance of an employer-employee relationship and the fact that the former has an obligation to pay the latter an amount that constitutes remuneration. Remuneration can be defined as any amount of income which is paid or is payable to an individual by way of any salary, bonus, gratuity payments, etc.

South African-sourced employment income that a non-resident of South Africa earns is subject to monthly employees’ tax if it is paid by an employer who is a tax resident in South Africa. Other income from a South African source is also subject to South African income tax and may be subject to provisional tax. Where the employer is not a resident of South Africa, employees’ tax must be deducted either by an agent or representative who has the authority to pay the remuneration to the non-resident employee.

The mere fact that an employee is a provisional taxpayer does not exempt an employer from its obligation to withhold employees’ tax on such an employee’s employment income. The only instance in which South African employers are absolved from withholding PAYE from an employee’s salary is where a non-tax resident derives employment income in respect of employment services rendered abroad.

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)

Bongumusa Zondi

Director

Credentials: National Diploma in Cost and Management; Accounting; Advanced diploma in Accounting Sciences; Professional Accountant (S.A.)

Bongumusa Zondi, a senior accountant, blends business advisory with expertise in financial reporting and taxation. With just under a decade of experience in accounting and taxation, his career journey began by obtaining a National Diploma in Cost and Management Accounting and an Advanced Diploma in Accounting Sciences at the Durban University of Technology and University of South Africa, respectively. This was followed by a Junior Bookkeeper position at City Printing Works (Pty) Ltd. He began his SAIPA articles at Dobeyn Accounting Soultions and currently leads a dynamic accounting team and manages a sizeable portfolio of clients at VHA Accounting Solutions where he also completed his SAIPA Articles. Apart from assisting clients update their books and stay compliant with relevant authorities, he is fully interested in adding value through business advisory. Helping clients solve their financial problems and provide guidance on potential growth opportunities is his biggest passion. He has been driven by philosophies of teamwork and collaboration.

Notable achievements include qualifying as a Professional Accountant (S.A.) through SAIPA. Beyond the numbers, he enjoys watching sports, tutoring grade 12 learners, playing the piano and listening to classical music composed by Wolfgang Amadeus Mozart and George Frideric Handel, adding a well-rounded dimension to his professional life.

bongumusa@vhaaccounting.com 082 359 4536 087 109 0712

Karishma Bhola

Director

The VHA Accounting Solutions team is excited to announce a new insurance service offering headed by Karishma Bhola. Karishma is an accredited financial advisor and has 18 years of experience in the finance industry and expertise in marketing/foreign exchange and business management. As a seasoned financial guru, she prides herself on delivering excellent client service every time.

087 109 0712

Vidyanth Bhola

Director / CEO

Passionate about exceptional client service, Vidyanth Bhola serves a wide client base as an advisor and accountant.Vidyanth focuses on tax planning and estate and succession planning, which he approaches with enthusiasm for human relationships and a penchant for teamwork, to achieve outstanding results. In addition to being VHA Accounting Solutions Inc founder and as director of the Bhola group of companies, Vidyanth is involved on the board and advisory level with several non-profit organisations and other initiatives. Vidyanth obtained his BCom degree and H Tax Diploma from the University of South Africa after which he worked at Colenbrander Inc, as a Accounting Portfolio Manager. In 2018, Vidyanth found the accounting firm VHA Accounting Solutions Inc. Vidyanth is a family man and avid rugby fan. He enjoys learning about Aviation and flew a Boeing in the flight simulator in Dubai. Vidyanth also works on various charity organisations and is involved in various food drives. Vidyanth is a member of the South African Institute of Tax Professional (SAITA) and the Southern African Institute for Business Accountants (SAIBA).

087 109 0712

Rashika Maharaj

Financial Adviser

Qualifications: BCOM/RE5
Credentials: prestige gold adviser

I believe in a holistic approach to financial wellness. Specialising in life insurance, RA’s, investments and medical aid, addressing multiple aspects of financial security and planning. This strategy ensures that you cover both current needs and future goals, while also managing risks effectively. I believe in living a life with vitality and longevity.

087 109 0712

Bukhosi Hlubi

Accounting Portfolio Manager

Qualification: National Diploma in Accounting

VHA Role: Maintaining financial records, reconciling
bank statements, and attending clients’ queries.

Bukhosi Hlubi is an accounting portfolio Manager at VHA Accounting Solution Inc. with 1 year and 11 Months of helping clients with everyday queries and preparing their monthly Management Accounts. Specializing in Bookkeeping, Bukhosi Hlubi uses that experience to help clients with daily problems. I love playing cricket, watching rugby, and love watching series.

087 109 0712

Thamasanqa Mchunu

Personal Assistant

Qualifications: Grade 11

Passion: Listening to Music and always willing to learn new things

Hobbies: Running and music

087 109 0712

Kwanda Dlamini

Junior accountant

Qualification : Bachelor of commerce in accounting

Ambitious about CA(SA) , Accounting tutor for high school and college students, bookkeeper @ Vha accounting solutions, a real fan of football and rugby.

087 109 0712

Diyaksha Byroo

Senior Accountant/Annual Financial Statement Preparer

Qualification: BCom Accounting Degree - UKZN 2019

I have assumed the current role of AFS preparer at VHA, aspiring a post grad diploma in the near future, I have attained 3 years of SAICA accredited experience in accounting at my previous employment. My hobbies are watching movies and listening to music (Die-hard Bollywood fan), baking cakes and treats and a passionate fashionista.

087 109 0712

Jackie McKinley

Receptionist and Tax Administrator

Qualifications – Matric and a Junior bookkeeper certificate

Studies: Matriculated in 2004 from Port Shepstone High School, Did a small junior bookkeeper course with Varsity College in 2013.

I have over 8 years of experience with Tax and being in an accounting firm environment. I love helping others and I love it when deadlines are reached. I love being at home with my family, playing and watching my son grow, I love being by the Dam and watching my husband fish.

reception@vhaaccounting.com 087 109 0712

Nokukhanya Dlamini

Tax Manager

Qualifications: National Diploma in Accounting

I work as tax manager, I deal with SARS related matters, Tax and other statutory work at VHA and I also assist with internal work for VHA, I studied and graduated in Durban university of Technology and completed a national diploma in accounting, I have been working in various departments in VHA Accounting solutions Incorporated, I started in admin, then I also worked as Junior accountant, then senior accountant to Tax manager I have more than 4 years working experience in VHA Accounting Solutions Inc, I am very passionate about God and my family, both God and my family has been my pillar of strength. I Like to read, listen to music and spending time with my family.

nokukhanya@vhaaccounting.com 087 109 0712

Chloe’ Esther Aiyer Gengan

Office Manager

Qualifications – Certificate with Pietermaritzburg Chamber of Business such as – MS Excel 2016 Core (Level 1), Compensation for Occupational Injuries & Diseases (COID) Act & Injury on Duty, Practical Management of Absenteeism in the workplace, Telephone reception. Office Administration Certificate with Damelin and Advanced 120 hour Teach TEFL certificate

I am the office manager at VHA Accounting Solutions. An office manager plays a key role in overseeing the administrative and operational functions within an office or business. Some of the common responsibilities and duties of mine include:

1. Office Administration:
- Managing office operations and procedures
- Supervising administrative staff and delegating tasks
- Overseeing office maintenance, supplies, and equipment
- Handling office budget and expenses

2. Communication and Coordination:
- Acting as a liaison between management and employees
- Handling incoming and outgoing communications (phone calls, emails, etc.)
- Scheduling meetings, appointments, and events
- Coordinating travel arrangements for employees

3. Human Resources Support:
- Assisting with recruitment and onboarding processes
- Maintaining employee records and files
- Managing employee benefits and payroll administration
- Handling employee inquiries and concerns

4. Facilities Management:
- Ensuring a safe and productive work environment
- Coordinating office layout and workspace organization
- Overseeing office security measures
- Managing vendor relationships for office services (cleaning, maintenance, etc.)

5. Administrative Support:
- Supporting executives and managers with administrative tasks
- Drafting and preparing reports, presentations, and documents
- Organizing and maintaining office filing systems
- Assisting with special projects and initiatives

6. Event Planning and Coordination:
- Organizing office events, meetings, and conferences
- Coordinating catering, logistics, and accommodations for events
- Managing invitations, RSVPs, and event follow-up

7. Technology and IT Support:
- Overseeing office technology needs and equipment maintenance
- Providing basic IT support to employees
- Collaborating with external IT vendors for troubleshooting and upgrades

Overall, an office manager plays a crucial role in ensuring the smooth and efficient operation of an office environment. They are responsible for managing various administrative tasks, supporting human resources functions, coordinating communication and logistics, and providing overall support to ensure the office runs effectively and efficiently.

chloe@vhaaccounting.com 066 307 2834 087 109 0712

Kashveer Mathura

Accounting Portfolio Manager / Senior Accountant

Qualifications: Matric; Bachlor of Accounting Science in Financial Accounting (Final year)

Credentials: Xero Advisor certified; MS Excel 2016 Core - level 1 (IT Certification Academy); Effective delegation, giving instructions and how to be assertive (PMCB)

Bio: Review of Management accounts and Annual Financial Statements; Reviewing all other work from clerks; Preparing Annual Financial Statements; Preparing of Management Accounts and VAT for some clients.; Liaising with clients (Client meetings); Training clients to use Xero; I am in my final year of studies (as above); I have a passion for accounting and mathematics, due to my passion for Mathematics I also give students tuitions when I can.

Hobbies: Watching medical, police and fire dramas. As well as all car programs such as Top Gear, Megafactories: Supercars and The Grand Tour; I also am a huge fan of Liverpool FC and I try not to miss any of the matches.; I used to also attend Karate and play sports such as soccer, cricket, and Volleyball.; I currently enjoy a friendly game of badminton when I have the time to.; And I also enjoy playing FIFA, Need for speed and F1 whenever I have some free time.

kashveer@vhaaccounting.com 078 882 9783 087 109 0712

Adrian Surjoo

Quality Control Manager, SAICA

087 109 0712

Credentials:

  • National Diploma in Cost and Management
  • Accounting
  • Advanced diploma in Accounting Sciences
  • Professional Accountant (S.A.)

Bongumusa Zondi

Director

Bongumusa Zondi, a senior accountant, blends business advisory with expertise in financial reporting and taxation. With just under a decade of experience in accounting and taxation, his career journey began by obtaining a National Diploma in Cost and Management Accounting and an Advanced Diploma in Accounting Sciences at the Durban University of Technology and University of South Africa, respectively. This was followed by a Junior Bookkeeper position at City Printing Works (Pty) Ltd. He began his SAIPA articles at Dobeyn Accounting Soultions and currently leads a dynamic accounting team and manages a sizeable portfolio of clients at VHA Accounting Solutions where he also completed his SAIPA Articles. Apart from assisting clients update their books and stay compliant with relevant authorities, he is fully interested in adding value through business advisory. Helping clients solve their financial problems and provide guidance on potential growth opportunities is his biggest passion. He has been driven by philosophies of teamwork and collaboration.

Notable achievements include qualifying as a Professional Accountant (S.A.) through SAIPA. Beyond the numbers, he enjoys watching sports, tutoring grade 12 learners, playing the piano and listening to classical music composed by Wolfgang Amadeus Mozart and George Frideric Handel, adding a well-rounded dimension to his professional life.

bongumusa@vhaaccounting.com 082 359 4536

Karishma Bhola

Director

The VHA Accounting Solutions team is excited to announce a new insurance service offering headed by Karishma Bhola. Karishma is an accredited financial advisor and has 18 years of experience in the finance industry and expertise in marketing/foreign exchange and business management. As a seasoned financial guru, she prides herself on delivering excellent client service every time.

Vidyanth Bhola

Director / CEO

Passionate about exceptional client service, Vidyanth Bhola serves a wide client base as an advisor and accountant.Vidyanth focuses on tax planning and estate and succession planning, which he approaches with enthusiasm for human relationships and a penchant for teamwork, to achieve outstanding results. In addition to being VHA Accounting Solutions Inc founder and as director of the Bhola group of companies, Vidyanth is involved on the board and advisory level with several non-profit organisations and other initiatives. Vidyanth obtained his BCom degree and H Tax Diploma from the University of South Africa after which he worked at Colenbrander Inc, as a Accounting Portfolio Manager. In 2018, Vidyanth found the accounting firm VHA Accounting Solutions Inc. Vidyanth is a family man and avid rugby fan. He enjoys learning about Aviation and flew a Boeing in the flight simulator in Dubai. Vidyanth also works on various charity organisations and is involved in various food drives. Vidyanth is a member of the South African Institute of Tax Professional (SAITA) and the Southern African Institute for Business Accountants (SAIBA).