Independent reviews

Independent review is a limited assurance engagement wherein the practitioner performs primarily inquiry and analytical procedures to obtain sufficient and appropriate evidence on the preparation of the financial statements as a whole. Independent reviews usually apply to non-owner managed organisations.

Evaluation of internal controls, review and recommendations

This process requires us to obtain in depth understanding of the processes implemented by the organisation and assessing whether they achieve the expected outcome. Any shortcomings in the internal control process will be identified and recommendations put forward to management.

Agreed upon procedures

An agreed upon procedure is a standard an organisation outlines when it hires an external party to perform an audit on a specific test or business process.

Preparation of annual financial statements for all types of organisations such as individuals, partnerships, close corporations, companies and trusts

We utilise Caseware Africa as a software solution which is the leading global provider of auditing and financial software.

Monthly bookkeeping

We use SAGE100 Cloud based software to prepare your management accounts. SAGE is the market leader for integrated accounting, payroll and payments systems.

Calculation and submission of VAT returns, PAYE and 6 monthly EMP reconciliations

PAYE is a monthly tax paid on behalf of your employees for the remuneration paid to them. Every 6 months, all organisations are required to submit a reconciliation to match the total PAYE paid against the remuneration paid to employees to ensure it was accurately submitted.

 VAT submissions are required generally either monthly or every 2 months depending on your organisations registration set up.

Preparation of budgets, cashflow forecasts and management accounts

A budget and cashflow forecast are a financial plan for the future concerning the revenues and costs of a business. They are used to control expenditure and set targets for revenue in numerical terms.

Management accounts is a summary of accounting information prepared and presented usually every month or week specifically for a firm’s management.

Preparation and submission of income tax, provisional tax and other SARS returns.

Organisations and certain individuals are required to submit one annual income tax returns and two provisional tax returns.  

Dealing with SARS queries and resolving these issues

Queries from SARS can be brought forward to us and we will determine how we can assist in the matter.

Assist with registration for income tax, PAYE, VAT, UIF and workmens compensation

This is process of determining whether you are required to register for certain tax types with SARS and preparation and submission of the required documents.

Tax advisory on best practices

Tax planning is crucial to implement proactively as opposed to reactively. It is the process of ensuring you plan your affairs in such a manner that enables you to maximise your benefit from the tax legislation and minimise your tax liability within the confines of the law set out.

Salary and payroll management

Preparation of payslips, payment of salaries and submission of PAYE returns.

Company or trust registration

Ensuring name reservations for intended company name and preparation and submission of required documents to CIPC. We also maintain your shareholder certificates for safekeeping.

Trust registration is done with the masters office and we take you through the process of setting up your trust deed and preparation of required documentation to complete the registration.

Submission of annual returns to CIPC for companies and Close Corporations.

Each year, every organisation is required to submit an annual return to CIPC and pay the required fee. If not submitted, penalties are imposed and possible deregistration of your company takes place.

Estate planning

Creating a comprehensive estate plan to deal with your assets and liabilities and provide for your loved ones after your death. Without a plan, your estate will be redistributed according to South African law.

Proper estate planning involves careful assessment of how best to structure your current business and asset holding portfolio to ensure maximum benefit is derived from tax legislation. Through this assessment, you can lower your estate duty payable through thoughtful and strategic forward tax planning.

Islamic Wills

Ensure that your estate is distributed according to Islamic Laws and Principles by completing an Islamic Will. We can also ensure safekeeping of your Will.

B-BBEE verification and assessment

We have partnered with a reputable SANAS accredited agency to perform B-BBEE verification services for our clients. B-BBEE is a national transformation programme launched by the Government to give previously disadvantaged groups economic opportunities that were previously unavailable to them. Based on your assessment, your organisation will be provided with a level rating.

B-BBEE level advancement

We assist in planning and executing planned strategies to improve your organisation’s B-BBEE level to help develop and transform your business into a level 1 compliant business.