ACCOUNTING AND TAXATION SERVICES

Accounting and Taxation Services

Our accounting, Financial Management and Tax Services are provided through a professional practice. The accounting practice is registered with the South African Institute of Professional Accountants as well as the South African Institute of Chartered Accountants.

Tax & Accounting Practice Services are geared to provide a complete accounting and financial management service through the provision of:

• Monthly and annual accounting services.

• Design, implementation and maintenance of best practice accounting records.

• Accounting record / general ledger structure design.

• Implementation of accounting record / general ledger structure.

• Maintenance of accounting record / general ledger structure.

• Training of staff in financial systems and practices.

• Design, Implementation and Maintenance of best practice accounting procedures and internal controls.

• Internal control and accounting process design.

• Internal control and accounting procedure design.

• Implementation of accounting processes and procedures.

• Implementation of internal control policies and procedures.

• Maintenance of accounting processes and procedures through client staff training.

• Maintenance of internal control policies and procedures through client staff training.

• Drafting and maintenance of monthly management accounts according to client specifications.

• Drafting of annual financial statements in line with prevailing best practice.

• Advising clients on business management process to improve profitability and efficiency within the clients company.

• Conducting full business process analysis and identifying weak spots with the aim to design and implement company restructuring procedures to better align the company with its core business and ultimately to increase their profitability.

• Provide full financial management outsourcing solutions.

• Statutory compliance audits and reports.

• Prepare detailed report regarding client’s state of statutory compliance.

• Discuss findings in detail with client.

• Advise on action plan to ensure full statutory compliance.

• Design, implement and maintain action plan to ensure full compliance.

• External Audit preparation, to help reduce annual statutory audit expenses.

• Independent financial reviews that are in line with New Companies Act.

• Finance Department Outsourcing.

• Various outsourcing models available.

• Partial outsourcing of specific funtions eg Payroll Management.

• Secretarial services.

• Basic in-house secretarial services including company registrations, registration changes, and Companies and Intellectual Property Commission (CIPC) Annual Returns.

• Business Rescue and Corporate Turnaround Solutions through one of our Group Companies – TurningSA Business Rescue Services

• Company and Business Structures

• Advisory services regarding best business structure.

• Design, implementation and maintenance of business structure according to client requirements.

• External Audit preparation, to help reduce annual statutory audit expenses.

• Independent financial reviews that are in line with New Companies Act.

• Finance Department Outsourcing.

• Various outsourcing models available.

• Partial outsourcing of specific functions, eg. Payroll Management.

• Complete outsourcing of entire financial functions.

• Professional Staff Secondment.

Taxation Services

Our PSPC tax services team consists of professionally registered accountants and tax professionals with advanced level specialisation in all areas of tax legislation. Our tax specialists are registered with and regulated by The South African Revenue Services.

Our tax practice is structure to provide a complete tax compliance and consulting service to all our clients through the provision of:

Tax administration and compliance services with regards to (registration, calculation and submission of):

Employees Tax (PAYE)

Indirect Payroll Taxes (Skills Development Levies, UIF).
Income Tax.
Value Added Tax.
Capital Gains Tax.
International Tax.
Corporate Tax.
Donations Tax.
Estate Duty.

Tax consultation services with regards to:

All the aforementioned taxes.
The taxation of Expats.
The taxation of Investments and Estates.
Comprehensive consultation services with regards to:
Dispute resolution with the South African Revenue Services.
Representation of clients in terms of dispute resolution.