The Full-Service Offering

Current Services offering:

  • Accounting and Bookkeeping and Payroll
  • Management Reporting
  • Financial Statement Preparation
  • Management Reporting/Financial Analyses
  • Cashflow, Budget Forecasting, and Analyses
  • Accounts Payable and Accounts Receiveable services
  • Cash management and payment administration
  • Inventory services, fixed assets, leases,
  • Company-Specific Management Reports and loans
  • Monthly closing of accounts, reports on profits and loss, balance sheet and cash flow
  • Preparation of Annual Financial Statements in accordance with IFRS standards
  • Independent Reviews on Annual Financial Statements.

Tax Services

  • Maintaining statutory accounting general and subsidiary ledgers
  • Bookkeeping of all primary documents in compliance with statutory requirements 
  • Tax Consulting and preparation
  • Tax Planning and compliance
  • Preparation of all required statutory reporting and submissions
  • Consolidated reporting, reconciliation between statutory and management reports
  • VAT compliance and consultancy, VAT registrations, and filing of returns
  • Any other tax consultancy associated with local taxes
  • Assistance during audits, representation during inspections, and tax controls.

 

 

Market Analysis Summary

The small business accounting market consists of virtually every small business in South Africa. As businesses grow larger than one-person, sole proprietorships, they generally require expert help with their tax preparation, and often with additional bookkeeping and accounting services. Even many non-employer sole proprietorships will use accounting help at some point. while some small businesses hire bookkeepers or CFOs directly, many successful outsource these types of services.  

 

The Accounting Services Market as a whole includes the following:

  • Corporate accounting and auditing firms
  • Small Business accounting
  • Personal accounting

The continuing evolution of South Africa Tax Law guarantees work for tax accountants on an ongoing basis. The market is somewhat recession-proof, as businesses, which are contracting the use of accountants to launch and prepare financials for expansion, mergers, and acquisitions.