Annual Financial Statements and Tax
GPG Financial Services provides clients with Accounting and Tax services that allow the business to meet its statutory and managerial requirements.
Our target market is that of small and medium sized business, professionals in private practice and individuals.
Accounting and Financial Reporting:
Accounting services provided:
- Annual Financial Statements that comply with GAAP and IFRS, including completion of the Independent Review as required by the Companies Act of 2008.
- Management accounts can be produced quarterly or monthly depending on clients requirements
- Annual return submission as required by the Companies Act, 2008
Provisional and Annual business tax return completion and submission
- Individual tax completion and submission of Directors and Members and soled traders
- Communication and issue resolution with SARS
*Cost οf such service wіll bе dependent οn thе size of business and complexity of the business entity involved.
The general offer is as follows:
- Annual Financial Statements: includes Annual Submission to CIPC and submission of Tax Return of a sole trader, Close Corporation or Private Company:
- Turnover R5m pa or less: R 5,600.00 (6 hours + 2 Hours Tax)
- Turnover between R5m and R10m pa: R 6,500.00. (9 Hours)
- Turnover > R10m: subject to negotiation and dependent on complexity of the business.
2. Independant Review (Applicable to Companies and Close Corporations)
- Price is dependent on complexity of the business and state of control within the business.
- An estimated price will be quoted on receipt of the clients Trial Balance.
- Usually, independent review can be based on 5 days.
- Charge out rate is usually R 300.00 per hour.
• For CC’s and Private Companies, your Public Interest Score will be calculated annually as part of the above service.
• Financial Analysis and support is provided free of charge to the above services for clients.
• External audits can be provided via associated partnerships.
2. Personal Tax returns
a. R 700.00 per return
3. VAT return
a. R 500.00 per return
4. STC return
a. R500.00 per return
5. Financial Consultation
a. R500.00 per hour. Please note that not all hours are billed, due to building of a long term client relationship
If the business consists of more than one company, the cost of the service may be subject to a surcharge depending on number of different units and complexity of business structure.
You will receive:
- Annual Financial Statements in PDF format
- Financial Analysis and commentary on your business as and when requires, but with a minimum on a half yearly basis
- Public Interest Score calculation annually
- Tax computation for your records
- Tax planning and advice to optimise your tax affairs
- You also receive 20% discount off training workshops offered by Bizfacility.
To maximise the relationship, I would expect to meet with my clients as a minimum, twice a year, but preferably every quarter, to discuss financial status.
Download a PDF version of our Accounting and Tax Services here Download PDF