Accounting We draft financial statements for close corporation, trust, sole proprietors and with the advent of the new companies act (recently effective 1 May 2011) private companies (PTY’s). These financial statements are done in compliance with the requirements of IFRS for SMME’s.
Taxation Taxation advice, while ensuring in compliance with the tax act, is available. One should never miss the opportunity of seeking timeous taxation advice as a missed opportunity can be a VERY expensive mistake. More often than not if an opportunity is missed to do the correct tax structuring it is impossible to return to correct the missed opportunity. We take care of the responsibility of submitting tax returns for company’s, close corporation, trusts, individuals and body corporates.
Payroll Administration We can take care of your payroll requirements from simply processing monthly and weekly salaries and wages on a payroll package to the production of payslips, , monthly EMP201 submissions, payment of the monthly PAYE/UIF & SDL, payment of the salaries and wages and completion of annual IRP501 reconciliations to SARS. Maintenance of leave records is also done.
Doing away with requirement for all PTY Ltd Audits Under of old companies act all Pty Ltd companies were required to be audited. Thankfully the new companies act has put a stop to this costly and in many cases unnecessary exercise. In future companies will have to apply the points system, as stipulated in the new companies, act to determine whether they will only need an independent accounting professional to complete their financial statement or whether an independent accounting profession will need to draft the financial statement with a separate person conducting an independent review or whether and audit will still be required.
Business Valuations We use various methods to value shares or interests in a business. This can involve a full report with supporting calculations or a “mini valuation” which would just consist of calculations for the valuation of an interest in a business.
Secretarial Services We are on line with CIPC (New companies and Intellectual Properties Commission) to do the necessary for the formation of new companies, conversion of companies to new companies as per the new companies act, assist with the drafting of the MOI (Memorandum of Incorporation) close corporation amendments, annual returns etc.
Bookkeeping and vat return Monthly bookkeeping and monthly and bi monthly vat return submissions can be taken care of by us. At the same time monthly management accounts can be produced.
Staff We have suitably qualified staff to assist with a minimum qualification been the holding of a B Com Degree. The principle of the business is Rob Pringle holding a B Compt. Honours Degree and well as an MBA obtained through Stellenbosch and been a member of the profession body SAIPA.