Welcome to Equity Key Accounting, where expert financial solutions meet precision.
Rely on us to handle your finances with unmatched accuracy and reliability, all while focusing on driving your growth.
Who Are We?
Supported by a team of Professional Accountants.
Our team of Professional Accountants is dedicated to providing tailored financial solutions and strategic advice to help businesses thrive. Discover how we can support your success today
Our Mission?
We will provide you with proof of your monthly compliance with SARS and CIPC.
Our mission is to empower businesses with expert financial management and strategic insights that enhance financial performance and support growth. We aim to simplify your accounting processes, improve financial reporting, and ensure compliance, all while helping you achieve your financial objectives.
Our Approach?
At Equity Key Accounting, we take a personalized approach to every client relationship.
We start by understanding your unique business needs and goals, which allows us to develop tailored solutions that align with your financial objectives.
Our commitment to excellence and attention to detail ensures that you receive the highest level of service and support.
Our Services
Accounting
Services
Tap into our expertise to gain deeper financial insights and make smart, strategic decisions that drive your business forward.
Tax
Services
Whether you're an individual or a small business, we offer tailored tax strategies with expert precision and unwavering attention to detail.
Secretarial
Services
From business registration to annual returns and beneficial ownership filings, we ensure full compliance—so you can focus on growing your business.
Bookkeeping
Services
Our detailed, professional bookkeeping gives you the clarity you need to make informed decisions and keep your business on track.
Payroll
Services
Let us handle your payroll—from PAYE calculations to payslips—so you can rest easy knowing your team is taken care of.
Accounting
Software
We work with a wide range of accounting software and are proud Xero partners—ensuring seamless integration and top-tier service.
Choose Your Accounting Package
Affordable Accounting Services for Your Peace of Mind
Compliance Package
From R 825 monthly
This package is perfect for start up companies to ensure compliance. This package includes: CIPC compliancy ( AR & BO), Bookkeeping, Financial Statements and Income Tax submissions.
Basic Package
From R 1 235 monthly
This package provides essential financial services tailored for entrepreneurs and small businesses, ensuring compliancy with CIPC, Bookkeeping, Financial Statements, VAT Calculation & submissions or PAYE Calculations & submissions.
Premium Package
From R 1 635 monthly
This package provides essential financial services tailored for entrepreneurs and small businesses, ensuring compliancy with CIPC, Bookkeeping, Financial Statements, VAT Calculation & submissions and PAYE Calculations & submissions.
Company Registration
Thousands of businesses trust Equity Key Accounting to register their companies with confidence. Incorporating your business not only offers legal protection and enhances your credibility but also opens doors to funding and payment platforms. Let Equity Key Accounting help you stand out and start strong.
Individual Income Tax
Online Income Tax Help
Getting started with your tax submission is simple. Just click on “One-Click Tax Help” to place your order. You’ll then receive a confirmation email with a short application form—fill it in and send it back. From there, one of our experienced tax advisors will get in touch and take care of the rest!
Yachties Tax Service
Tax Services Tailored for South African Yacht Crew
Let's keep your tax liability to a minimal!
We specialise in helping yacht crew stay compliant with SARS and minimise tax through the foreign income exemption. With the right documents and guidance, we make the process simple and stress-free.
What We Offer:
Tax Registration – We’ll register you with SARS if needed.
Annual Returns – Full prep and submission, applying the R1.25M exemption.
Exemption Review – We assess your sea days and contract to confirm eligibility.
Monthly Tracking – Quick monthly form to log payslips and travel—keeping you compliant and audit-ready.
SARS Support – We handle queries, audits, and objections.
Tax Planning – Advice tailored to your SA assets or future plans.
All you need to know about SARS & Yachting
Your Foreign Income & SARS – Know Where You Stand
If you're a South African working on a yacht abroad, your lifestyle might feel far removed from home—but SARS hasn’t forgotten about you.
As a yachtie with South African tax residency or local assets (like property, shares, or even a bank account), you’re still legally required to declare your worldwide income—even if you're never paid in rands.
Many yacht crew mistakenly believe they don’t need to file tax returns because they work offshore. However, failing to comply can lead to penalties or issues later on—especially if you plan to return to South Africa, invest locally, or buy property.
The R1.25 Million Foreign Income Exemption – Do You Qualify?
South African tax law allows for up to R1.25 million of foreign income to be exempt from local tax, under Section 10(1)(o)(ii)—but only if you meet the following three key conditions:
You are employed under a formal employment contract (not self-employed or freelance);
You work outside South Africa;
You spend more than 183 days overseas in a 12-month period, with at least 60 of those days being continuous.
If you meet these criteria, you can legally exclude up to R1.25 million of your foreign salary from your South African taxable income. If you earn more than that, the balance is taxed in SA (unless you apply for further relief).
Why It Matters?
Even if you’re being paid in euros, USD, or pounds, SARS still requires annual tax submissions from South African residents. And if you're not registered, or not filing, you're at risk—especially if you have financial interests in the country. By correctly claiming the foreign income exemption and staying compliant, you can protect your earnings, avoid penalties, and plan with peace of mind.
Our Service explained:
At Equity Key Accounting, we offer specialised tax services tailored for South African yacht crew. Our goal is to help you stay compliant with SARS while legally minimising your tax through the correct application of the R1.25 million foreign income exemption. We handle everything—from SARS tax registration and full annual return submissions to monthly tracking of your payslips and travel, ensuring you're always audit-ready. Our team evaluates your time at sea and employment structure to confirm your exemption eligibility, and we manage all SARS correspondence, assessments, and objections on your behalf. For crew with South African assets or future plans to return home, we also provide personalised tax planning and advice. With us, you stay compliant and confident—wherever the ocean takes you.
At Equity Key, we excel in precise financial management tailored to your needs. Contact us today for expert assistance.