Experience the Difference: Independent CFO's Tailored Solutions for Your Business
Accounting,
Taxation & Secretarial
Independent CFO
delivers your traditional accounting and bookkeeping services that’s of vital
importance to any business. Through Cloud Accounting we can keep track of your
income and expenses in real time so that you can see how your business is
doing.
Independent CFO is a
registered tax practitioner at SARS and is registered as a company secretary at
CIPC. This enables Independent CFO to take the mundane submissions of returns
to SARS and compliance with CIPC away from you so that you can focus on the
heart of your business.
CONTACT US FOr a 30-minute free consultation today!
Here are some examples of the services that Independent CFO can deliver to you. This list is not comprehensive.
Monthly
bookkeeping & reporting.
- Processing of bank statements, supplier bills and customer invoices.
- Accounting for monthly journals to ensure your financial performance is accurate and complete.
- Processing of payroll for your employees to ensure timely payments.
Monthly
Oversight
- You have your own finance function to process and account for your business’s financial health. Sometimes an additional set of eyes are needed for the more complex transactions. We provide a final verification on your financial accounts to ensure it’s complete and accurate in terms of the International Financial Reporting Framework.
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Financial
Management
- Prepare accurate monthly financial and management reports, including income statement, balance sheet, budget and variance, projections and forecast and cash flow.
- Analyzes complex financial data and extracts and define relevant information; interpret data for the purpose of determining past financial performance and/or to project financial probability. · Manage, review, and approve all payments in line with standard operating procedures.
- Review and approve month-end closing procedures, including expense allocations, account, and bank reconciliations, and updating of related schedules.
- Maintain an orderly accounting filing system.
- Tracking and analysis of business performance in comparison to budget.
- Preparation of business models and due diligence as requested by those charged with governance.
- Effective management of the operational finances.
Internal
Controls
- Manage audit requirements and remediate findings.
- Design and implement controls and procedures particularly on receivables, payables, fixed assets, etc.
- Work with those charged with governance to implement recommendations for improvement of financial management systems.
- Continuous review of the relevant accounting systems to ensure more efficient and effective reporting.
- Review of daily supplier payments to ensure all company approval policies and SARS requirements are adhered to.
- Effective management of the operational finance department by establishing and maintaining financial mechanisms that reduces or mitigate financial risk.
Financial
Management Support
- Review of business unit to ensure revenue is complete and accurate and all related expenses are accurately correctly classified.
- Review and analysis of divisional performance against budgeted and producing reports.
- Review and approval of all supplier payments through sign off on expense payment packs and reconciliations.
- Review bank reconciliations.
- Prepare and manage budget workbooks.
- Preparation of tax calculations.
- Reducing of operating cost where possible by seeking new and renegotiating existing contracts.
- Reviewing of expenses and identifying opportunities for cost-saving.
- Review of suppliers and debtors ageing to ensure trade taking place within limits.
Annual
Financial Statements
- Compilation of annual financial statements in compliance with the International Financial Reporting Framework, the Companies Act of South Africa and the Income Tax Act of South Africa. Independent CFO has a network of Registered Auditors that can sign off on statutory or voluntary audits.
Independent
Reviews of Financial Statements
- An independent review provides limited assurance. Small and Medium Sized Enterprises don’t require full audits in most cases. Independent CFO can provide an independent review to provide the required assurance to the annual financial statements.
Taxation
Services
- Calculation and submission of income tax returns for companies, closed corporations, sole proprietors, partnerships, trusts, estates, and natural persons.
- Calculation and submission of VAT returns, employee returns, dividend withholding tax returns and much more.
Payroll
Tax Management
- Compilation of payslips for all the employees in your organisation.
- Submission and filing of EMP201’s on a monthly basis on SARS.
- Submission and filing of UI19 on the Department of Labour’s website.
- Partnering with us can assist with the hiring of employees, CCMA cases and dismissal of employees. This coupled with our payroll tax management will represent your entire HR function.
SARS
Services
- As a registered tax practitioner, we can assist with any SARS queries, registrations, filings and audits when you appoint us as your power of attorney
Company
Secretarial Services
- There is a range of company secretarial services that Independent CFO can deliver for your business. This includes registering your new venture, maintaining share certificates, updating director’s details, resignations and appointments to maintaining good corporate governance through your company’s life span.
Domain
Name Registration
- Register a. co.za domain name for your business. Register a personalised email address that reflects your enterprise and create brand awareness.
- Build a website around your enterprise need to scale your business and reach the wider world to gain more lucrative business.
- Determine your corporate image with logo’s to create brand awareness and unify your business across various platforms.
B-BBEE
Certificates
- Assistance with registering and complying with legislation for B-BBEE Certificates.
Compensation
Fund (CF) Registration
- Companies that do not have employees are not allowed to register.
Unemployment
Insurance Fund (UIF) Registration
- Companies that do not have employees are not allowed to register.
Business
Bank Accounts
- Assistance with registering a business bank account in your entity's name.
