How to change your accountant: A step-by-step guide
Has your South African SME outgrown its accountant? Our step-by-step guide covers the 7 signs it's time to switch, the official SARS & CIPC handover, and how to choose your new partner.
Hi, I am a creative in the Art and design field specializing in craft design for interior spaces. I Design house hold objects mostly lamp shades using telephone wire. I work with local women from disadvantage background in Ladysmith. I'm looking for an accountant preferably with a knowledge of the art & design field. I need assistance with the necessary accounting services, from registration to product pricing.
My partner has yet again received an assessment where she owes SARS. All income taxes in the form of PAYE have been deducted and paid to SARS, and she has interest and other professional income, the total which is below the additional income taxation threshold. This is now the second year which this has occurred, the first year she paid the penalty. This year, we want to contest this, and if possible, claim back the previous year's penalty if found to have been paid in error.
I need an accountant to help take care of the tax obligations for the business and the owner as well as someone to prepare our annual Financials at the end of every period. We have a few businesses - some need to be merged as they have been dormant and others need to be revived a bit but all need to be compliant. We work in the media sector.
Good day, I'm looking for quotes to administer an established testamentary trust that has 4 beneficiaries. Services would include AFS (incl standard distribution resolution and AGM minutes), provisional tax returns for 4 beneficiaries and the trust, PAIA annual submission and beneficial ownership register. Many thanks.
Hi, I needs some assistance with Personal tax versus Company tax, where we as a small business can save. I am one of the directors Currently I am paying PAYE as a registered employee, how can I save on this. Can my salary be instead transfered to another company of mine as Project Fees, what's the outcome if that is done. Thanks
I produce a simple excel spreadsheet with transactions from which you are to produce financial statements for submission. Also need prep and & submission of taxes And request good standing certificate Need total cost of above split between statutory returns fees and your service fees Very small company with few transactions and a turnover around Rk PA
Basically I need tax structuring and someone to tackle SARS on my behalf. I made loans to a few companies, and upon repayment of some of those loans, my (then) auditor classified them as salaries, and never handed in returns to SARS, leaving me with a tax debt that I now found out is north of R62k. I am a director of a company, and will also need to have the company's tax matters handled with expertise and guidance so as to minimise the tax burden (we are currently repaying loans from the company proceeds).
Hi I need help with my Tax returns. And if possible going back from until now. I'm in the green and have never needed to pay SARS... But would like to see if I can dispute the auto assessments. Also received income the past year to date from a company I've made a time investment in. And would like the best possible return for that as well.
Category: Auditors Service: Audit City (or suburb) where you need the service: Cape Town Type of company: Non-profit organization (NPO) Number of employees: 5-15 Please describe the audit in more detail (type of audit, scope of audit, any additional requirements: Organization: ICA – Foundation / NPO Financial Year: 1 March – 28/29 February Audit Type: External Independent Audit Applicable Standards: IFRS for SMEs / Generally Accepted Accounting Practice (GAAP) in South Africa 1. Objective of the Audit The purpose of this audit is to: Provide an independent opinion on whether ICA’s financial statements present a true and fair view of its financial position and results of operations. Assess internal controls, financial management systems, and governance practices to recommend improvements if necessary. Report findings to ICA’s Board, management, and funders as required2. 2. Scope of the Audit The auditor will examine, verify, and report on the following: A. Financial Records General ledger, journals, and supporting documentation Bank and cash reconciliations Accounts receivable and payable Fixed assets, inventory, and other assets Liabilities and provisions Prepaid expenses and accruals B. Reporting Prepare audited financial statements including: Statement of Financial Position Statement of Comprehensive Income Cash Flow Statement Notes to the Financial Statements Issue an audit report (unqualified, qualified, adverse, or disclaimer) Prepare a Management Letter highlighting findings, recommendations, and areas for improvement 3. Audit Deliverables Draft Audit Report: management review Final Audit Report & Financial Statements: Submitted to ICA Board and funders Management Letter: Observations, recommendations, and risk assessment Donor Schedules (if applicable): Detailed reporting per funder requirements 4. Additional Requirements Auditors must be IRBA-registered and have experience with NPOs / grant-funded organizations Audit to cover the full financial year: 1 March – 28/29 February Auditor may request access to digital accounting systems, bank statements, payroll, contracts, and grant documentation Collaboration with ICA staff for clarification and documentation requests is expected
We run a development company in Namibia. Property development. It is impossible to find high quality accountants. I would prefer all this work to be completed in house but we are struggling . Urgently need help to get my business financials back up to scratch. We run up to 4 projects at any given time. Vat is a big part of our cash flow. Financial decision making is a struggle as we do not have the information we need.