Accounting
Comprehensive and accurate financial reporting is
essential to all businesses. Our team of Chartered Accountants and
Professional Accountants help you submit all statutory required
accounting statements, understand your financial records and provide
you with an understanding to make those key decisions which ultimately
enable your business to prosper. We also offer monthly financial
reports, including budget and variance analysis, as well as monthly
management accounts. At AEC, we understand that each business is
different, and will tailor-make financial solutions to cater to
your individuality.
Taxation
The burden of computing and submitting your tax returns
can weigh heavily on your shoulders. Why not pass this onto our
tax experts, as we understand the complexities of compliance.
We are registered tax practitioners with the South African Revenue
Services [SARS] and offer the following services:
- Company / Close Corporation / Trust tax return completions
- VAT return completion and submission
- PAYE return completion and submission
- SARS mediation and tax audit assurance services
- Individual tax return completion and submission
- Tax structuring and planning
- Tax clearance certificates
Audit
We specialize in key audit functions, including Asset
Verifications, Forensic Audits and limited assurance engagement
such as turnover certificates for rental purposes, as well as Special
Purpose Audits. These functions enable the entity to resolve specific
management queries and identify key problem areas within organizations.
Our joint network Company, AEC Incorporated performs all audit functions
and reports. With extensive audit experience in both the public
and private sectors, they are also experienced in the audits of
Cooperatives and Non-Profit Organisations.
Their audit services include regulatory or voluntary audits and
forensic auditing. As part of the audit process they provide a detailed
report to management at the end of the audit outlining and explaining
any weakness in internal controls identified during the audit and
recommendations on how to attend to them, resulting in a more secure
and efficient operation thereafter.
An audit is usually more expensive than an independent review. When
permitted by the Companies Act, entities often opt to have an independent
review instead of an audit due to the cost saving. However larger
entities should exercise caution as often an audit is the only external
assurance owners have that their business is being run properly.
Payroll
Small and Medium businesses do not usually require
a fully-fledged accounting, human resources and payroll division
due to the immense cost. This leaves the business owners having
to do this themselves, taking up valuable time which will end up
costing the company financially in the long term.
At AEC we offer a fully outsourced Payroll function, making it both
a cost and time effective option. From PAYE deductions to calculating
the complex computations of travel allowances and fringe benefits,
we utilise professional payroll software ensuring that your employees
are provided with an accurate payslip at the end of each month,
whether you have 5 or 500 staff.
We also provide labour related services such as drafting employment
contracts which are compliant with Labour legislation, registration
of company employees with the UIF and filing statutory returns with
the Department of Labour.
Internal
Control Reviews
Strong internal controls form the backbone of smooth
and efficient financial operations within any business. Our management
team have the expertise to optimize and strengthen your internal
controls increasing the efficiency of your business whilst reducing
the opportunity for fraudulent activities.
IFRS
Compliance
In line with the introduction of IFRS and the amendments
to SA GAAP, we specialize in the review of financial statements
for compliance with the disclosure requirements. We also offer consultation
on the implementation of IFRS and SA GAAP.
Sarbanes
Oxley Compliance
A very important feature of the changing governance
structures in the accounting environment will include the implementation
of Sarbanes Oxley internal control guidance for larger organizations.
We have the necessary skills and expertise to advise on Sarbanes
Oxley compliance.
BEE
Compliance
BEE, or more accurately B-BBEE refers to Broad Based
Black Economic Empowerment. It is a policy of SA government that
encourages companies to help transform the country. BEE is about
broad-based activities that benefit the majority of South African
people. We consult and certify companies needing assistance with
BEE assessment and certification.
Consulting
to Government Departments and Municipalities
Audits of municipalities and departments usually
bring up large management report queries and issues that need to
be timeously addressed. In order for them to be cleared and for
the more efficient running of the government organizations, we provide
a detailed service which includes consultation to municipalities
/departments with regard to clearing these management letter points.
We also offer specific consultations such as Risk and Management
planning, Asset verifications, Asset Management etc.
Business
Valuations / Mergers & Acquisitions
Our team of business management experts will ensure
that all takeovers, entity purchases and medium sized mergers are
undertaken with adequate support. We conduct full valuations of
business activities and net worth assessments of all parties, as
well as due diligence audits to help you make decisions more accurately
and reduce risk.
Statutory
Services
We provide the following services:
- Registrations of Companies, Trusts as well as amendments to current
close corporations
- Appointment of Auditors and Accounting Officers
- Appointment of New directors, members and trustees
- Transfer of shares within companies, together with all resolutions
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