What we do

We are mainly involved in auditing, consulting, tax and estate planning, as well as facilitating support to the other entities in the group relating to complex taxation calculations. We are also involved in the preparation of audit files for larger companies in anticipation of audits to be done by one of the big 4 auditing companies.

Accounting & Taxation Services

01.

Accounting & Bookkeeping Services

Timeous an accurate financial information ensures that your business operations will run more efficiently on a day to day basis and that management can plan better for the future.

Our firm provides the following accounting services:

Registration and / or deregistration of the company for the relevant taxes
Accounting system set-up and training for new businesses
Bookkeeping (daily, monthly, bi-monthly, quarterly, annually)
Debtors, creditors and bank reconciliations
Management account preparation
Cash flow preparation
Filing of monthly and bi-monthly tax returns
Preparation and attending of tax audits
Submissions for penalty waiving
Individual taxes
Preparation of audit files for other auditors

02.

Payroll Services

For your company to grow, you need employees which could result in increased payroll administration.

Our firm provides the following payroll services:

Payroll system set-up and training
Monthly payroll processing and leave management
Registering of the firm for payroll taxes
Filling of payroll tax returns
Issue of annual PAYE 5 certificates
Annual payroll reconciliations and submissions

03.

Taxation Services

Our firm provides the following services for both companies and individual tax payers:

Calculation of provisional taxation and filing of returns
Calculation and filing of annual income tax returns

Consultation Services

04.

Starting a Company

Starting a business can be complicated and the selection of the correct trading form for your entity is crucial as your choice has long term taxation and other statutory implications.

We assist in the evaluation of the industry you are entering and set out the pro’s and the con’s of each trading form to enable you to select the one most advantageous for your company.

05.

Tax Planning

Tax planning is important for both small and large businesses, as well as individuals to assist in achieving their respective goals.

It assist in the creation of efficient portfolios or circumstances in which have a major impact on a company’s future, or the individual’s standard of living in the future.

We assist in the following for both companies and individuals:

Purposive tax planning, which is planning taxes with a particular objective in mind;
Permissive tax planning which is planning that is under the framework of law; and
Long range and short range tax planning which is planning done at the start and end of a fiscal year respectively.

06.

Corporate Restructuring

The process essentially involves the significant reorganization of assets and liabilities of the company to ensure business operations are conducted in an efficient, effective and competitive manner.

This in turn can then improve the quality and the quantity of the company’s cash flows and ensures that the company becomes better organized.

Restructuring can also be driven by changes to the company’s business model or the environment it operates in.

Auditing & Compliance

07.

External Auditing

External auditors provide valuable insight into the information that exists within a company as they are independent of the entity being audited.

The auditing process assesses the accuracy and the correctness of financial information presented to stakeholders. The findings and audit procedures give businesses the reassurance that they have complied with specific laws and / or rules and that the way in which they have conducted business over a certain period of time is kosher.

We provide the following services:

External auditing
Preparation of audits
Preparation of financial statements to comply with laws and regulations

08.

Internal Auditing

Internal auditors are independent from the company’s operations and evaluate and the internal control processes of the company.

The report to the highest level in the company, being senior management and those charged with governance.

The provide independent assurance that the company’s internal control processes, risk management and governance are operated effectively.