Our Services
Bookkeeping and Accounting Services
Monthly Bookkeeping: We provide ongoing bookkeeping services, including recording daily transactions, reconciling accounts, and maintaining financial records. This helps businesses stay organized and ensures that all financial data is accurate and up-to-date. Financial Reporting: Preparation of monthly, quarterly, and annual financial reports, such as profit and loss statements, balance sheets, and cash flow statements. These reports provide insights into the financial health of the business. Accounts Payable and Receivable Management: We help manage the payment of bills and collection of invoices, ensuring smooth cash flow and timely settlements.
Payroll Management
Payroll Processing: Complete payroll solutions, including calculating wages, deductions, and bonuses for employees. This ensures compliance with labor laws and helps employees receive their pay accurately and on time. SARS PAYE Submissions and Reconciliations: We handle the submission of PAYE (Pay-As-You-Earn) returns and annual reconciliations with the South African Revenue Service (SARS), ensuring compliance with tax obligations. Employee Payslip Distribution: Generation and distribution of payslips for employees, providing transparency and meeting legal requirements.
Tax Services
Corporate Tax Returns: Preparation and submission of company tax returns to SARS, including provisional and annual income tax calculations, ensuring compliance with South African tax regulations. Individual Tax Returns: Assistance for individuals, including business owners and employees, with personal income tax submissions and deductions. VAT Registration and Compliance: We offer VAT registration services for eligible businesses and assist with regular VAT return submissions to SARS, ensuring adherence to VAT regulations. Tax Planning and Advisory: Strategic tax planning to minimize tax liabilities and maximize deductions. Our team provides guidance on how to structure transactions and operations to achieve tax efficiency.
Audit and Assurance
Annual Financial Statements (AFS) Preparation: Compilation of audited financial statements for businesses, which includes the income statement, balance sheet, and cash flow statement, meeting statutory requirements. External Audits: Coordination with external auditors for businesses requiring independent audits, including assistance with audit preparations, document gathering, and clarifications. Independent Reviews: For businesses that do not require a full audit, we provide independent reviews to give stakeholders confidence in the financial statements’ accuracy.
Management Accounting and Financial Analysis
Monthly Management Accounts: Preparation of monthly management accounts to provide business owners and management with insights into their financial performance, aiding in decision-making. Budgeting and Forecasting: Assistance in creating budgets and financial forecasts to help businesses set financial goals, track progress, and make informed decisions. Variance Analysis: Analysis of actual performance against budgeted figures to identify trends, variances, and areas for improvement.
Business Advisory Services
Business Valuations: Comprehensive valuations for businesses that need to determine their worth, whether for sales, acquisitions, or investments. Financial Consulting: Tailored financial advice to help businesses improve profitability, manage cash flow, and increase operational efficiency. Strategic Planning: Assistance in developing long-term strategies that align with business goals, including risk management and growth strategies.
Company Secretarial Services
CIPC Registration and Compliance: Company registration services, including new company setups and ongoing compliance with the Companies and Intellectual Property Commission (CIPC). CIPC Annual Returns Submission: We assist in filing annual returns with CIPC, a mandatory requirement for businesses in South Africa. Changes to Company Structure: Assistance with amendments to company structure, including changes in directors, shareholders, and business addresses.
Trust and Estate Accounting
Trust Formation and Administration: Assistance with the creation and registration of trusts, including trust deed drafting, trustee appointments, and annual administration. Trust Accounting and Reporting: Preparation of trust accounting records, including income statements and distribution records for beneficiaries, ensuring compliance with legal requirements. Estate Planning and Taxation: Advisory services for estate planning to minimize tax implications and ensure smooth wealth transfer.
Industry-Specific Services
Medical Practice Accounting: Specialized accounting services for medical professionals, including practice management, billing support, and tax planning. Construction Industry Compliance (CSD and CIDB Registrations): Assistance with Central Supplier Database (CSD) and Construction Industry Development Board (CIDB) registrations, helping construction businesses comply with industry requirements. Trust Account Audits for Attorneys: Preparation and audit of trust accounts for legal practices, ensuring compliance with the Legal Practice Council’s regulations.
SARS Compliance and Advisory
SARS E-filing and Compliance Management: We handle all SARS e-filing needs, including income tax, VAT, and PAYE submissions, ensuring businesses meet their tax obligations. SARS Audit Support: Assistance with SARS audits by preparing necessary documentation, responding to queries, and representing clients in disputes or negotiations. Tax Debt Management and Dispute Resolution: Help with managing tax debts and disputes with SARS, including the submission of objections and appeals.
Training and Skills Transfer
Accounting and Bookkeeping Training for Staff: Training programs for businesses to upskill their internal staff in accounting, bookkeeping, and payroll management. QuickBooks and Accounting Software Training: Training on various accounting software platforms, including QuickBooks, to improve internal financial management.
Outsourced CFO Services
Interim CFO Services: Provision of temporary or part-time Chief Financial Officer (CFO) services for businesses that need high-level financial management without the commitment of a full-time CFO. Financial Oversight and Guidance: Strategic oversight, financial planning, and management support for growing businesses, ensuring they meet their financial and operational objectives..
Data Analysis and Financial Technology Integration
Data Analytics and Business Intelligence: Using data analytics to uncover insights in financial and operational data, helping businesses make data-driven decisions. Technology Integration: Assistance in integrating accounting software with other business systems to streamline operations and improve data accuracy.
Compliance and Risk Management
Internal Audits and Controls Assessment: Evaluation of internal controls and systems to prevent fraud and ensure operational efficiency. Regulatory Compliance: Ensuring that businesses adhere to regulatory requirements specific to their industry, helping them avoid penalties and legal issues.
Other Services
Financial Due Diligence: Comprehensive review and analysis of financial records, typically for business acquisitions or investments. Subsistence Allowance Claims: Assistance in claiming tax deductions for travel and subsistence allowances for eligible employees. Preparation for Funding Applications: Support with preparing financial documents and forecasts required for business funding applications.
