Our Services

ACCOUNTING & BOOKKEEPING

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    Our services range from write-up assistance from source documentation, to compilation of financial statements for organisations at all levels and across a wide range of industries. Accordingly, we provide customised services to our clients in a most economical and cost effective manner. We believe that accounting records should be prepared for purposes of decision-making. Accordingly, clients are encouraged to maintain accurate records monthly. We understand that management is often forced to focus on the day-to-day issues that affect their business and which can take precedence over attention to accounting issues. We also understand that it is as important for our clients to focus on their core business. With this in mind, we assist our clients in achieving good business decisions based on a combination of sound accounting practices, industry benchmarks and current information regarding new trends and challenges. We encourage our clients to concentrate on their core business while we take care of the accounting and related administrative functions. We commit ourselves to providing timely and accurate financial information to our clients. Meaningful and accurate financial records ensure that your business operations will run more efficiently on a daily basis and ensure that you meet your immediate regulatory and tax deadlines and compliance.

We provide a full range of cost effective accounting services including the following:

  • Establishing accounting systems for new businesses.
  • Establishment of sound accounting practices and procedures.
  • Record keeping using source documentation for smaller companies, owner-managed businesses, close corporations, trusts, sole proprietors and partnerships.
  • Bank re-conciliations.
  • Debtors and Creditors accounts re-conciliations.
  • Management accounts including key ratio analysis.
  • VAT submissions.
  • Preparation of budgets and monthly management accounts and the monitoring of actual results against budgets.
  • Personal financial statements.
  • Assistance with the installation of Pastel accounting, training, and ongoing support.

TAXATION & SARS

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    Tax compliancy and being up to date at SARS is extremely important. We are Registered Tax Practitioners and aim to deliver professional taxation services to all our clients ranging from individuals to companies and other legal entities.

    We provide a comprehensive range of taxation services including the following:


    • Registering for all statutory requirements, which include registration for VAT, PAYE, UIF, Skills Development Levies and Workman’s Compensation Fund.
    • Income tax registrations for individuals, corporations and other legal entities.
    • VAT registrations.
    • Employer registrations.
    • Income tax returns submissions for individuals, corporations and other legal entities.
    • Provisional tax returns submissions for individuals, corporations and other legal entities.
    • Submission of VAT returns and payment initialization.
    • Applying to SARS for tax clearance certificates.
    • Applying to SARS for tax directives.
    • Objections to SARS re incorrect assessments, errors and interpretations.
    • Correction of SARS account errors.
    • Assisting with tax claims and outstanding SARS accounts.
    • Tax advice regarding all aspects of tax including capital gains tax.
    • Advice on tax strategies and tax efficient business structures.
    • Salary structuring to achieve maximum available benefits.
    • E-filing submissions and administration.

PAYROLL

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    In a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons.

    We provide a full range of payroll services including the following:


    • Payroll administration including employee payslips.
    • Payroll reports.
    • Employee IRP 5’s and IT 3’s.
    • SARS EMP 501 payroll re-conciliations.
    • E-filing submission of SARS monthly EMP 201 returns and payment initialization.
    • Completion and submission of UIF returns.
    • Completion and submission of Workman’s Compensation Fund returns.

STATUTORY COMPANY SECRETARIAL SERVICES & CIPC

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    By improving the effectiveness and efficiency of your company secretarial department, with duties such as submission of annual returns and payments, we relieve management of the burden of running and controlling a company secretarial function, leaving them time to focus on the important task of growing the business.

    We provide a comprehensive range of statutory and company secretarial services including the following:


    • Company formation and the registration of companies.
    • Shelf companies sourced and supplied.
    • Name reservations which we submit electronically and undertake name changes.
    • All company secretarial services including changes of directors and members, transferring shares, changing year-ends, and registering of special resolutions.
    • Registering for all statutory requirements, which include registration for VAT, PAYE, UIF, Skills Development Levies and Workman’s Compensation Fund.
    • Assistance with corporate statutory compliance.
    • Assistance with the company Memorandum of Incorporation (MOI).
    • Submission of annual returns and payment of annual levies to CIPC.

MANAGEMENT ACCOUNTING & CONSULTANCY

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    Accurate, well-designed and up to date management accounting is imperative to business success. Our endeavour is in understanding your business, and preparing and interpreting management information to assist you in running your business.


    Our contributions to your success include:


    • Preparation & analysis of monthly management accounts and reporting.
    • Control and systems analysis.
    • Outsourced financial management.
    • Business strategies.
    • New business establishment.
    • Business plans.
    • Business advisory services.
    • Corporate structuring.
    • Maintenance of asset registers.
    • Identifying and measuring key performance indicators.
    • Costing projects.
    • Budgeting & Cash Flow Forecasts.
    • Assistance with finance applications.
    • Management reports.
    • Break-even analysis.
    • Valuations.

COMPILATION

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    The preparation of financial statements is known as compilation. Compilation provides the lowest level of assurance and represents information provided by management without any express assurance on the financial statements.


    We provide the following compilation services for companies, close corporations, trusts, owner-managed businesses, partnerships and sole proprietors:


    • Compilations in compliance with IFRS and IFRS for SME’s.
    • Entity specific compilations.
    • Annual Financial Statements Compilation.
    • Compilation of monthly or periodic Management Financial Statements.
    • Compilation of special purpose financial statements.
    • Personal Financial Statements.

AUDIT & INDEPENDENT REVIEWS

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    Audit The highest level of assurance that financial statements are presented fairly in all material respects, in accordance with the appropriate accounting framework, is an audit. It is a methodical and objective examination of the financial statements and the verification of specific information.

    The audit considers internal controls, testing of selected transactions and communication with third parties. The results are reported as to whether the financial statements are fairly stated and free of material misstatements. The audit gives both management and external parties the assurance that the financial data are credible to use to make informed decisions.

    In terms of the Companies Act 2008 (effective May 2011), private companies in South Africa are required to have an audit if they have a measure of public interest, quantified in terms of their turnover, number of employees, number of shareholders and level of third party debt. All public companies are required to have an audit. Audits can only be performed by Registered Auditors accredited by the Independent Regulatory Board for Auditors (IRBA).

    We are Registered Auditors with IRBA.


    INDEPENDENT REVIEWS An independent review entails performing an inquiry into financial statement related matters. These include accounting principles and practices, record keeping practices, accounting policies, actions of the board of directors and changes in business activity.

    The review studies performance related to previous years, ratio analysis and reasonability. The report states that it provides a reasonable basis for expressing limited assurance that there are no known material modifications that should be made to the financial statements to conform with the appropriate accounting framework.

REPORTS & CERTIFICATES

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    An auditor's report is considered an essential tool when reporting financial information to users, particularly in business. Since many third-party users prefer, or even require financial information to be certified by an independent external auditor, many auditees rely on auditor reports to certify their information in order to attract investors, obtain loans, and improve public appearance. Some have even stated that financial information without an auditor's report is "essentially worthless" for investing purposes.

    We are able to issue numerous reports and certificates including the following:


    • Audit Reports.
    • Independent Review Reports.
    • Compilation Reports.
    • Management Reports.
    • Valuations.
    • Due diligence reports.
    • EME BBBEE certificates.

OTHER SERVICES

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    Other services.