Quick answer
A small business usually needs an accountant when it registers a company, when turnover grows enough that VAT registration or provisional tax comes into play, when it takes on employees, or when the owner no longer has time to keep the books accurate.
Many owners start with a bookkeeper or accounting software and bring in an accountant for annual financial statements, tax returns and advice as the business grows.
Step-by-step guidance
- Check what your business must file: company annual returns with CIPC, income tax returns with SARS, and VAT, PAYE or provisional tax where they apply.
- Keep simple records from the start, such as invoices, receipts and a separate business bank account.
- Bring in an accountant when you register a company, approach the compulsory VAT registration threshold or hire staff.
- Ask the accountant to set out what they will handle and what you still need to do.
- Review the arrangement each year as the business grows.
What to check
- Registration as a tax practitioner with SARS
- Professional body membership, such as SAICA or SAIPA
- Experience with businesses of your size and industry
- Which accounting software they support
Common mistakes to avoid
- Mixing personal and business money in one account
- Waiting until a SARS penalty or audit to get help
- Missing VAT or PAYE registration when it becomes compulsory
- Throwing away receipts and invoices
Related nearby services
NearMe lists 1,090 accountants across South Africa, with the most in Gauteng (451), Western Cape (168) and KwaZulu-Natal (145). 99% include a phone number, so you can check before you go.
This guide gives general information only. Rules, fees and requirements can change, so confirm details with the provider or the relevant authority. NearMe is an independent directory, not the provider.
Frequently asked questions
Does a sole proprietor need an accountant?
Not always. Many keep their own records, but an accountant can help with tax returns, provisional tax and planning.
When must a business register for VAT?
Once taxable turnover exceeds the compulsory threshold set by SARS. Check the current threshold on the SARS website.
Does my small company need an audit?
Not every company does. It depends on factors such as its public interest score, so ask an accountant to confirm.