T. Vosloo & Associates Inc. provides a range of audit services to assist clients in achieving their business objectives, managing their risk and improving their business performance. We provide a cost effective audit that is tailored to meet the individual needs of our clients.
These services would include:
• Statutory audits in terms of the Companies Act
• Audits of attorneys’ trust accounts
• Audits of estate agents’ trust accounts
• Audits of non-profit organisations
• Audits of Public charities and benevolent institutions
• Audits of Associations and industry bodies
• Accounting systems and control review
• Drafting complete and fully IFRS compliant financial statements
Although the maintaining of accounting records and the preparing of financial statements are primarily the responsibility of the directors of a company or members of a close corporation, we also assist the directors / members and their personnel in the following accounting services:
• Processing of cash book from source documents
• Preparation of creditors and debtors invoices and statements
• Full spectrum of service covering creditor and debtor reconciliations
• Age analysis for creditors and debtors
• Maintenance of fixed asset register
• Bank and petty cash reconciliations
• Completion and submission of statutory returns to SARS
(including VAT, PAYE, SDL, UIF and annual PAYE reconciliation)
• Full payroll service including monthly pay slips and reports reflecting year to date payroll statistics
• Accuracy review of accounting work performed by client’s own accountant
• Compiling the general ledger up to trial balance
• Monthly and year-to-date sales reports
• Management accounts including key ratio analysis
• Prepare management accounts for discussion by directors and management
• Preparation of cash flow information for banks and other financial institutions
• Preparation of financial statements for approval by the board of directors
Given the ever-increasing complexities of income tax legislation in South Africa, plus the severe penalties imposed on tax payers that fail to meet their tax obligations, tax compliance is always a top priority. T Vosloo & Associates Inc. offers a comprehensive solution to manage your risks effectively through streamlined processes, accurate information systems and ongoing controls and management.
It is extremely important for us to keep up to date with the latest legislation and taxation trends, as we on a daily basis, advise clients:
• On the implications of income tax legislation
• On other forms of taxation: i.e. value added taxation; company taxation; secondary taxation on companies; capital gains tax; stamp duty; donations tax; etc.
• On employees’ taxation and taxation of fringe benefits
• On estate duty
• Anti-avoidance provisions
• South African Revenue Service voluntary disclosures
• Share incentive planning
• Employee and personal tax planning
• Compliance services
For the majority of our clients we comprehensively administer their taxation matters with the South African Revenue Service, and in particular:
• Prepare and submit income tax returns
• Prepare and submit IRP 5 forms and the relevant reconciliation
• Prepare and submit IT 3 forms and the relevant reconciliation
• Prepare and submit IRP 6 forms
• Receive and evaluate income tax assessments and follow up any discrepancies
• Receive and follow up all correspondence from the South African Revenue Service
Compliance with the Companies Act demands that more attention be given to statutory requirements.
T Vosloo & Associates Inc. Secretarial Services can ensure that you comply with all legislated requirements. The firm takes care of all the statutory details including directors, share and other registers, attendance registers, annual returns, documents of constitution, changes to shareholdings and other membership interests.
We can assist you to register for VAT, PAYE, UIF, Workmen’s Compensation, Skills Development Levies, Income Tax as well as other certificates and licenses, which are needed to carry on your business lawfully.
Services include:
• Formation, registration and amendment of companies, close corporations and trusts
• Conversions of companies and corporations
• Maintenance of statutory records
• Amendments to and registration of statutory details
• Registered Office Facility
• Statutory registrations
• Deregistration of companies, close corporations and trusts
• Submission of annual returns for companies and close corporations
• Formation of external companies
T Vosloo & Associates Inc. Management Services division was founded on the principle of incorporating value added service into our main service line offering. Today, the firm strives to deliver a service that challenges the expectations of financial management.
As a result of our long-continued experience in the practice of chartered accountants, we have acquired experience in a wide range of areas namely:
• Issuing of BEE certificates
• Budgeting and cash flow forecasts
• Internal auditing
• Assistance with finance applications
• Conduct risk analysis and advise clients about the development and implementation of internal control systems for accounting and control purposes
• Business valuations
• T Vosloo & Associates Inc. may serve as independent members of the audit committee of an entity where T Vosloo & Associates Inc. is not the registered auditor.
• Independent preparation of financial statements for review by an entity’s auditors during their audit
• Estate planning and administration
