Accounting

Africa Schaba Accountants, offers a complete end-to-end accounting service, ensuring compliance with relevant reporting standards and regulations.

Our accounting services can be delivered individually or bundled into packages tailored to your business needs and budget. We understand that every individual and organization has unique needs. Our well trained  team provide you with the services you need, allowing you to focus on what matters most: the activities that generate income for your business.

In any business, management reports are important for making financial decisions and maximizing profits. We will prepare your management report in a timely manner.

 As Africa Schaba Accountants, we offer independent review, The Companies Act 71 of 2008 stipulates that certain entities are required to have Independent Reviews of their financials in accordance with ISRE 2400.. An Independent Review is an alternative assurance engagement where the independent reviewer provides limited assurance on a set of financial statements when compared to that of the reasonable assurance provided by the external auditor

The Accounting services we provide  includes:

  • Annual Financial Statements
  • Independent Review
  • Management Accounts/ Interim Financial Statements
  • Automated Monthly Bookkeeping
  • Cashflow Projection
  • Appointment as Accounting Officer
  • Budgeting and Projection Management and Cash Flow forecasts
  • Compilation of Annual Financial Statements that adhere to International Financial Reporting Standards
  • Group Accounting
  • Intercompany Reconciliations
  • Management
  • Maintenance of asset registers and wear and tear schedules
  • Monthly, Quarterly or Annual Bookkeeping services to Trial Balance
  • Preparation of monthly / quarterly Management Accounts and Packs
  • Reconciliations of Banks, Debtors and Creditors
  • Reconciliations of Loans
  • Submission of VAT returns

Taxation

Tax compliance is a priority in South Africa, with increasingly complex income tax laws and heavy penalties imposed on taxpayers who do not comply with their taxes. As tax advisors, we offer comprehensive solutions to effectively manage risk through simple processes, accurate reporting systems and continuous management and control.

Africa Schaba Accountants  we deal with your taxes complications , by making it sure that you as our clients you don’t to worry about being compliant , because Compliance it our  priority.

The Taxation services we provide includes:

  • Annual Income Tax Returns
  • Dividends Tax Returns
  • EMP201 Employee Payroll Tax Returns
  • EMP501 Employee Tax Reconciliation Returns
  • Income Tax Registrations
  • PAYE Registration
  • Provisional Tax Returns
  • Tax Clearance Certificates
  • Tax Directives
  • Tax Practitioner Service
  • Tax Structuring
  • VAT Registrations
  • VAT Returns, monthly or every 2 months

Bookkeeping

Bookkeeping is a vital part of the accounting process for businesses. It involves recording all the financial transactions that take place , invoices to customers, payment received from them, supplier invoices received and payments made to them etc. A bookkeeper will process and record the day-to-day transactions of the business in an accounting system. From this information, financial reports like the income statement and balance sheet can be prepared and the profitability of the business determined.

provides clients with both on-site and off-site bookkeeping, depending on business needs. You have an option, but keep in mind that you will still get the advantages that will give you the impression that you have an in-house resource, whether you go the on-site or off-site route.

 

Africa Schaba Accountants we are experts in their fields. You can have access to multiple resources – we are not just your average bookkeepers, we have highly-qualified staff at all levels. Our skills and industry knowledge keep you up to date with all the relevant laws and regulations, as well as any changes to these laws

Our Bookkeping services includes:

  • Tax filing
  • Accounts payable
  • Reconcile financial statements
  • Preparing trial balances
  • Record financial transactions and reconcile accounts
  • Payroll
  • General ledger entries
  • Keeping accurate financial records
  • Preparing cash flow statements
  • Accounts receivable
  • Bank reconciliation
  • Filing source documents
  • Preparing financial reports
  • Preparing information for auditors
  • Billing
  • Value-added tax
  • Data entry
  • Financial statements
  • Handling subsidiary accounts
  • Banking
  • Completing invoices or maintaining invoice documentation
  • Compliance
  • Credit
  • Defining bookkeeping policies and procedures

Secretary

Compliance with the Companies Act necessitates increased attention to legislative obligations. Africa Schaba Accountants Secretarial Services can ensure that you meet all legal requirements. The firm manages all statutory details, such as directors, share and other registers, attendance registers, yearly returns, constitution documents, shareholding changes, etc.

Our Secretary Services includes:

  • Registration of Companies:
  • Private Companies (Pty) Ltd
  • Co-operatives
  • Non-Profit Companies (NPC)
  • Non-Profits Organization (NPO)
  • Annual Returns
  • BBBEE certificates
  • Director Changes
  • Company Address Changes
  • Company name change
  • Conversions
  • Special Resolutions
  • Share Certificates and Share Register
  • Deregistration
  • Statutory Compliance and Company

Which Also includes the administration :

  • SARS: VAT, PAYE, Income Tax Registrations for all entities
  • Department of Labour: Unemployment Insurance Fund (UIF) and Workmen’s Compensation Act (COIDA):
    • registrations, returns and assessments.
  • Construction Industry Development Board (CIDB):
    • New registration, Renewals and upgrading

 

Advisory  includes:

  • General business advice and consultation
  • Valuation