Our Practice Areas

Our Director is a National Treasury and CIGFARO mSCOA preferred trainer and has facilitated several trainings on behalf of National and Provincial Treasuries. We offer the following mSCOA related services

• Hands on training municipal employees on mSCOA
•  Review municipal budgets to ensure compliance with mSCOA
•  Assist with correct classification and allocation of all transactions to the 7 mSCOA segments (As per the regulation all transactions must be classified to all the 7 segments)
•  Assist in classification of transaction within the ITEM Segment of mSCOA: determining Assets, Revenue (Non-exchange and Exchange), Expenditure (Typical work streams, service contracts)
•  Assistance with National and Provincial Treasury queries
•  Liaison with National and Provincial Treasury.
• Continued skills transfer.

The expected measurable deliverables are as follows:

• mSCOA compliant reports (Budgets, Annual Financial Statements)
•  mSCOA related Internal Controls recommendation.
•  Properly trained members of staff (Skills transfer).

Every taxpayer has a responsibility to ensure that all applicable tax returns are submitted timeously to the South African Revenue Services (SARS) and paid where necessary. Continually changing tax legislation places a huge administrative burden upon a taxpayer which can only adequately be taken care of by professional tax practitioners who deal with SARS regularly. The following are among some of the more common taxes we deal with regularly:

• Tax on income (including provisional tax)
•  Capital gains tax (CGT).
•  Employees tax (PAYE).
• Dividends tax.
• Donations tax and estate duty.
• Skills development levies (SDL).
•  Unemployment insurance (UIF).

Whether you are a small, medium or large enterprise or even an individual we aim to deliver professional taxation services at the lowest cost to you. Advanced tax software developed in-house means that you never have to face mistakes or delays on your tax returns again. We have an in-depth knowledge of the aforementioned taxes and regulate client’s tax affairs in such a way that a tax liability is minimised. Included in our range of taxation services are:

• Tax consulting, planning and advice.
•  Registrations and deregistration of taxes.
• Calculation of tax liabilities.
• Completion and submission of tax and VAT returns.
•  Checking of assessments.
•  Objections to incorrect assessments.
•  Tax directives.
•  Tax clearance certificates.
• Salary structuring.
• Arranging of deferred payments.

VAT recovery entails a systematic review of all transactions to identify overpayments or unclaimed benefits:

• Profit recovery solutions though specialised software
• Reconciliation of transactions against submitted VAT returns
•  Guidance on re-submission of VAT returns
• Correction of VAT returns previously submitted
• Recovery of penalties claimed by SARS in error
• Recovery of refunds in respect of under or non-claiming of VAT
• Liaison with SARS
• Provision of a written procedure for correct treatment of VAT returns, taking into account the current systems and responsible staff
• Capacitation the staff responsible for the VAT function to be able to successfully continue with their relevant duties
•  Audit support on VAT queries.

Our Advisory provides a comprehensive portfolio of innovative solutions aimed towards enhancing performance in a broader context. Our solutions focus on the optimisation of the budget, treasury and finance function thereby enhancing the triple bottom line (social, environmental and financial) reporting of the entity.

Our expert teams will assist you to achieve your operational business objectives, set yourselves apart from competitors and unlock your potential for growth:

• Asset management
•  Risk management
• Annual performance reports
• Budget preparation
• Audit process management
• Audit report analysis
•  Conversion to different accounting frameworks
• Cost benefit analysis
• Designing Integrated Development Plans (IDP’s), Service Delivery and Budget Implementation Plans (SDBIP’s) and other strategic plans
•  Financial accounting services
• Formulating organisation and strategic goals and cascading strategic goals to individual performance contracts and Key Performance Indicators (KPI’s)
•  Integrated reporting
• Inventory management
• Reporting software solutions
• Review of audit files, individual work papers and calculations
• Supplier system implementations
• Technical review of financial statements for compliance
• Turnaround strategies to improve the audit outcome

Some businesses are required by laws governing the entity to prepare annual financial statements. Others may have no legal requirement for financial statements, but may still need to prepare financial statements for the purposes of satisfying financial institutions such as their local bank or public institutions such as SARS.

Included in our financial statement compilation services are the following:

• Annual financial statements for all entities and organisations required by law.
• Financial statements for organisations and individuals not required by law.
• Provisional financial statements and management accounts.
• Special purpose financial and other reports.
•  IFRS and IFRS for SME’s specialist consulting