Andrew Imray

Andrew Imray

Andrew Imray provides a wide range of accounting services, with a large concentration in the cloud. I am the first XERO certified Advisor in Zimbabwe and will be happy to help you today !!

As a certified Xero Advisor, I am happy to help small to medium size businesses make the transition from their current accounting software to Xero. Xero has many benefits and with the add ons that can be purchased and integrated, I believe I can make your business more efficient

Operating as usual

21/12/2021
Timeline Photos 13/12/2021

Timeline Photos

We're proud to be recognised as Innovator of the Year in the #Accounting Technology category for the Singapore Business Review Awards!

#SBRawards

Check out the full list of winners: https://bit.ly/3pK97Xy

Latest product news – December 2021 03/12/2021

Latest product news – December 2021

Latest product news – December 2021 Finishing 2021 with an array of feature updates to new reporting, as well as smart enhancements to how you view and reconcile transactions.

25/11/2021

Join us tomorrow from 930hrs -1230hrs for the ZIMRA and Accountants virtual workshop for discussions on the following:

a) Presentation on ITF263 issuance & approach for the year 2022 and Separation of FOREX and ZWL Returns

b) Master Data & Public Officers issues in improving interaction with ZIMRA and effect on 2022 ITF263 issuance

c) Fiscalization & Interface

Join us via the below Microsoft teams link

https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%2F19%3Ameeting_MWU1ODU0MGMtMjMwYS00MWMxLTlhNjEtNTJmZDNhOGFiYzU1%40thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522c915a924-05bd-4636-8c75-dc0015f80b0c%2522%252c%2522Oid%2522%253a%2522307e0124-9c54-45d5-809a-cfef39e4d5c3%2522%257d%26anon%3Dtrue&type=meetup-join&deeplinkId=162c4265-3145-468e-ab29-84d23be7119a&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=true&promptSuccess=true

Looking to move your business online? Make it easy with the new Xero & Shopify integration | Xero Blog 12/11/2021

Looking to move your business online? Make it easy with the new Xero & Shopify integration | Xero Blog

Looking to move your business online? Make it easy with the new Xero & Shopify integration | Xero Blog Looking to move your business online? We’re helping manage your ecommerce needs, with the new Xero & Shopify integration.

The future of reporting at Xero | Xero Blog 11/10/2021

The future of reporting at Xero | Xero Blog

The future of reporting at Xero | Xero Blog Get a sneak peek into the future of reporting at Xero, where you’ll start to see even more value packed into our new reports.

Latest product news – October 2021 | Xero Blog 04/10/2021

Latest product news – October 2021 | Xero Blog

Latest product news – October 2021 | Xero Blog Our latest product releases help you run more tailored reports, enjoy better visibility of your contacts, customise invoice fields and offer more ways to pay.

28/09/2021

***Public Notice***
Registered Clearing Agents Required to attache proof of payment on bills of entry form 21 or form 49

Our latest enhancements to new reports | Xero Blog 13/09/2021

Our latest enhancements to new reports | Xero Blog

Our latest enhancements to new reports | Xero Blog We’ve made improvements to our new Account Transactions and Profit and Loss reports, so you can see all the information you need in one place.

Enjoy better visibility of your contacts in Xero | Xero Blog 06/09/2021

Enjoy better visibility of your contacts in Xero | Xero Blog

Enjoy better visibility of your contacts in Xero | Xero Blog We’re pleased to share a new milestone on our journey to improve the contacts experience in Xero. Read more on the Xero Blog.

Latest product news – September 2021 02/09/2021

Latest product news – September 2021

Latest product news – September 2021 In the past month, we’ve released a number of features to help you get paid faster, including enhancements to e-invoicing.

26/08/2021

Hello everyone, we are looking for another bookkeeper to join our ever expanding team in Harare. Xero knowledge would be a bonus but not a must. The successful candidate should be prepared to train and work on Xero going forward, as our client base is 100% Xero based.

Please forward any potential candidate CVs to [email protected].

Many Thanks, Andrew Imray - Accounting for the future !!

Hello everyone, we are looking for another bookkeeper to join our ever expanding team in Harare. Xero knowledge would be a bonus but not a must. The successful candidate should be prepared to train and work on Xero going forward, as our client base is 100% Xero based.

Please forward any potential candidate CVs to [email protected].

Many Thanks, Andrew Imray - Accounting for the future !!

10/08/2021
Latest product news – August 2021 | Xero Blog 05/08/2021

Latest product news – August 2021 | Xero Blog

Latest product news – August 2021 | Xero Blog In the past month, we’ve released a number of features to help you manage the latest changes to COVID-19 grants, tax and payroll.

03/08/2021

Public Notice 72 of 2021 Notice to all business operators in Zimbabwe Master data update

Xero Status 27/07/2021

Xero Status

Xero Status Welcome to Xero's home for real-time and historical data on system performance.

22/07/2021

Taxation of fringe benefits

What are fringe benefits?
• Fringe benefits means any amount of income which is paid or payable to any person whether in cash or otherwise in respect of services rendered. These are perks that employers give to their employees over and above any financial compensation.
• These are advantages or benefits which are given to employees as incentives to retain their services.
• Advantage or benefit includes board, occupation of quarters or residence, or the use of furniture or motor vehicle. It also includes the use of or enjoyment of any other property whatsoever, tangible or intangible, including a loan, an allowance, passage benefit and any other advantage or benefit whatsoever in lieu of or in the nature of remuneration as stated above.
• Employee includes a director or a person otherwise gainfully employed.

Valuation of advantages or benefit

 Occupation or use of quarters, residence or furniture – value to the employee is used to determine the taxable benefit.

 Loan - Where the Loan is USD$ excess of $100. There is a benefit if the interest rate payable is less than LIBOR rate plus 5%. For Zimbabwean dollar, a benefit will arise if the amount of the loan exceeds ZWL8,000.00 and the interest rate is less than 15%.

 Motor Vehicle – The cost to the employer shall be deemed to be as follows:
Engine Capacity ZWL Deemed Benefit USD$ Deemed Benefit
1500cc or less ZWL54,000.00 USD675.00
1501 to 2000cc ZWL72,000.00 USD900.00
2001 to 3000cc ZWL108,000.00 USD1,350.00
Exceeding 3000cc ZWL144,000.00 USD9,800.00

 School fees benefit
Where the employer pays school fees for the employees’ children, the cost of the fees payable become taxable in the hands of the employee. However, in a case where the employee is a member of the teaching or non-teaching staff of the school, only half of the school fees benefit shall be brought into his gross income and this shall apply to only three of the children of the employee concerned.

 Passage benefit
The benefit covers the cost borne by the employer on travels by the employee, spouse of children which are not for the purposes of the employer’s business. This includes the cost of taking up employment or termination of employment where such costs have been previously offered to the employee.

 Any other advantage or benefit
The cost to the employer is used to determine the taxable benefit.

COVID 19 is real. Always remember to sanitise, wash your hands with water and soap.


My Taxes, My Duties: Building my Zimbabwe!!

Disclaimer
This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.

https://www.zimra.co.zw/news/22-taxmans-corner/2161-taxation-of-fringe-benefits

Timeline Photos 14/07/2021

Timeline Photos

🚨 New feature alert! 🚨

Announcing Xero Analytics Plus: The next evolution of our short-term cash flow and business snapshot features, with greater customisation to help with more accurate predictions.

We’ve also bundled our short-term cash flow and business snapshot into a tool called Xero Analytics.

Read the full details on the blog: https://bit.ly/3AZrxIO

10/07/2021

Now for the hard-hitting questions. Who’s coming to dinner? 🤔
#CastleLionsSeries Xero

Timeline Photos 06/07/2021

Timeline Photos

15 years ago today, Xero was registered as a company in Wellington, New Zealand. 🥳 🎉 And we’ve been on a mission to change the game for small businesses and their advisors ever since.

In recognition of this milestone, we’re excited to launch Xero Day! On the 6th of July each year, we will recognise the journey we’ve been on and many of you who have been by our side. 💙

#XeroDay #XeroDay15Years

01/07/2021

SARS has extended services available via SMS

#YourTaxMatters

01/07/2021

🚀 This month, we’ve released a number of updates across the Xero platform to make compliance easier across payroll, tax, employee time tracking and more.

Read the product update here 👇
http://ow.ly/b1nE50FlEom

Xero - Healthy Business 30/06/2021

Xero - Healthy Business

Xero - Healthy Business Get your business into shape

27/06/2021

Xero are proud sponsors of the 2021 Lions Series

Timeline Photos 22/06/2021

Timeline Photos

UIF (Unemployment Insurance Fund) ceiling increase as of 1 June 2021.
Every month 1% of your salary as an employee goes towards the UIF as a compulsory contribution. The maximum amount will go from 148.72 to 177.12 per month. So this basically means that the % taken off of salary remains at 1% but the maximum salary amount that can be taken off of has increased from R14 872 to R17 712.

#accounting #SMESouthAfrica #capetown #smallbusiness #cloudaccounting #tax #UIF #payroll #xeroaccountants #smallbusinessaccountant #managemenaccounting

07/06/2021

***PUBLIC NOTICE***
FRAUDUSTER POSING AS A ZIMRA OFFICIAL ON THE LOOSE

01/06/2021

Home office expenses: SARS issued draft interpretation note.

SARS issued an updated draft interpretation note which provides clarity on the deductibility of home office expenses incurred by persons in employment or persons holding an office. Read more here: https://accountingacademy.co.za/news/read/home-office-expenses-sars-issued-draft-interpretation-note

For an update on this and other legislative amendments, access our Monthly Compliance & Legislation Update webinar on 22 July 2021 presented by Lettie Janse van Vuuren CA(SA) here: https://accountingacademy.co.za/events/monthly-compliance-and-legislation-update-july-1

#saaa #cpd #accounting

Businesses to face Z$50K fine for not accepting ZWL$ equivalent of US$ goods & services - Techzim 27/05/2021

Businesses to face Z$50K fine for not accepting ZWL$ equivalent of US$ goods & services - Techzim

Businesses to face Z$50K fine for not accepting ZWL$ equivalent of US$ goods & services - Techzim Here are new regulations for forex use under SI 127 of 2021 which details penalties for businesses who infringe Foreign Exchange Act and Bank Use Act

See The Difference When You Try DEAR Free For 14 Days 27/05/2021

See The Difference When You Try DEAR Free For 14 Days

See The Difference When You Try DEAR Free For 14 Days DEAR's full-cloud ERP solution equips small businesses to expand their reach and elevate their offerings with enterprise-level efficiency — all at a transparent, scalable cost. Get a consultation today.

24/05/2021

Payment of Pay As You Earn (PAYE) in foreign currency
and local currency

ZIMRA advises its valued clients that Section 4A of the Finance Act (Chapter 23:04) states that a person whose taxable income from employment is earned in whole or in part in a foreign currency shall pay tax in the same or another specified foreign currency on so much of that income as is earned, received or accrued in that currency. In line with these provisions, clients are hereby reminded that where remuneration is paid in foreign currency, the PAYE arising from this income should be in foreign currency.

What is Remuneration
Remuneration means any amount of income which is paid or payable to any person by way of any salary, leave pay, allowance, wage, overtime pay, bonus, gratuity, commission, fee, emolument, pension, superannuation allowance, retiring allowance, stipend or commutation of a pension or an annuity, whether in cash or otherwise and whether or not in respect of services rendered. Advantages and benefits granted to an employee, spouse or child form part of remuneration. The following are the advantages and benefits that form part of remuneration:
-board or occupation of quarters or residence,
-use of company furniture or motor vehicle,
-use of or enjoyment of any other property, loans, school fees benefit, any allowance
-and passage benefit.

2021 Forex and Local Currency Tax Tables Highlights
For the year 2021, there are separate PAYE Tax Tables for Foreign Currency (USD) and Local Currency (ZWL$). The currency of remuneration determines the Tax Table to be used by the taxpayer. Highlighted below are quick insights of the USD and ZWL$ tax tables:
-Foreign Currency (USD) Tax Tables for 2021 remained the same as year 2020
-Tax Free Threshold remains at USD840 per annum or USD70 per month
-Exempt Bonus USD320 per annum
-Zimbabwean Dollar (ZWL$) Tax Tables for 2021 have been amended
-Tax Free Threshold is now ZWL$ 120,000.0 per annum or ZWL$ 10,000 per month
-Exempt Bonus is now ZWL$25,000 per annum

Calculation of PAYE
-Determine the gross income by adding up basic salary and allowances (remuneration)
-Deduct exempt income and allowable deductions (exempt income includes bonus whilst allowable deductions include contributions to a pension fund).
- Determine taxable income and rate of tax applicable as per PAYE tables on the following link below https://www.zimra.co.zw/domestic-taxes/tax-tables
-Calculate PAYE.
-Add AIDS Levy at 3% to come up with the tax due

Calculation of PAYE where one earns in USD and ZWL
Convert remuneration earned in RTGS Dollars to foreign currency at the prevailing Interbank rate;
-Add the remuneration determined above, to the remuneration earned in foreign currency to get total remuneration.
-Deduct allowable deductions to obtain the taxable amount. Deductions earned in RTGS$ should also be converted to foreign currency.
-Calculate PAYE in foreign currency using the foreign currency tax tables.
-Subtract the credits to determine the PAYE payable. Any credits earned in RTGS$ should be converted to foreign currency using the prevailing interbank rate as at date of running the payroll.
-Compute tax payable in foreign currency and in RTGS proportionately.

Clients are kindly advised to take note of the following issues:
-Taxpayers can take advantage of the voluntary disclosure facility and make a full declaration of taxes previously omitted in tax returns and any business malpractices previously employed.
-All PAYE returns (P2 forms) should be completed in full and submitted through the ZIMRA e-services platform (http://efiling.zimra.co.zw).
-All payments should be done on time through banks. Refer to the following link on ZIMRA website for ZIMRA Bank Accounts details: https://www.zimra.co.zw/profile/2037-zimra-bank-accounts

COVID 19 is real. Always remember to sanitise, wash your hands with water and soap. Stay safe.

My Taxes, My Duties: Building my Zimbabwe!!

Disclaimer
This article was compiled by the Zimbabwe Revenue Authority for information purposes only. ZIMRA shall not accept responsibility for loss or damage arising from use of material in this article and no liability will attach to the Zimbabwe Revenue Authority.

https://www.zimra.co.zw/news/22-taxmans-corner/2148-payment-of-pay-as-you-earn-paye-in-foreign-currency-and-local-currency

23/05/2021

Celebrating the apps connected to Xero for 10 years!

ZIMRA Special Excise Duty rates for change of ownership of second-hand cars - Techzim 13/05/2021

ZIMRA Special Excise Duty rates for change of ownership of second-hand cars - Techzim

ZIMRA Special Excise Duty rates for change of ownership of second-hand cars - Techzim The Zimbabwe Revenue Authority (ZIMRA) has announed new rates for the Special Excise Duty on change of ownership of second-hand cars

03/05/2021

If your business is not fiscalized yet, don't fear! We are here to help.
For fiscal support and fiscal devices contact:

+263 867 710 0900
[email protected]

Our Story

Andrew Imray provides a wide range of accounting and financial advisory services, with a large concentration in the cloud. We started operating in October 2015 and, as the first certified XERO Advisor in Zimbabwe, we have successfully converted over 100 SME’s in the region. I am happy to help SME’s make the transition from their current accounting software to XERO as well as assist them with other cloud services, such as inventory, payroll, and many other that the XERO App Marketplace has to offer.

Category

Products

@XERO Certified Advisor
@Receipt Bank Partner
@Payspace Agent
@Dear Inventory Partner
@Vend Advisor

Telephone

Address


195 Enterprise Road, Chisipite
Harare

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00
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