All enterprises are required to maintain accounting records, not only for legislatory compliance, but also to ensure efficient and effective management of your business. Reliable financial information is a useful tool to assist in making decisions to help you grow your organization.
Russez utilises the most up to date version of Pastel and incorporates essential accounting controls to facilitate effective and accurate reporting.
Returns for South African taxes are a monthly affair and failure to submit these returns result in unnecessary interest and penalty charges. When you consider the complexity of tax legislation and the ever changing requirements of tax law, statutory return completion can be rather stressful.
Incorporating the use of SARS� eFiling we ensure efficient return submission and convenient methods of payment.
For successful management, business owners should have the ability to monitor financial performance on a regular basis. Regular monitoring of performance assists not only in avoiding potentially unfavorable events but also enabling owners to take advantage of business opportunities by being perfectly aware of their organisation�s financial position and availability of resources.
Reporting packs are tailored to best suite the clients needs and reporting requirements.
Companies in South Africa are subject to an audit on an annual basis. Audit fees are becoming increasingly costly particularly considering the recent upgrade to the financial reporting framework as well as the shortage of skilled professionals.
Our audit division is well poised to deal with your audit requirements ranging from limited assurance engagements to reasonable assurance engagements.
Financial statements are required for many purposes, including year end reporting, tax return submission and the obtaining of finance from banks.
We adopt the latest CQS software technology to generate �caseview� financial statements. The use of �caseview� not only ensures the inclusion of the most up to date accounting statements but also ensures professional financial statement presentation.
Separate legal entities provide a means for reducing personal risk exposure when doing business. Legal entities also have various tax benefits that individuals are not entitled to. All businesses should also be registered for various forms of taxation. Tax registrations include, income tax registration for legal entities and individuals, VAT registrations as well as statutory salary related taxes in the form of PAYE, SDL and UIF.
The secretarial division boasts 14 years of experience through their management. We utilise the registrar�s online interface �CIPRO� to facilitate the most efficient methods for new registrations and changes where possible. The division also keeps abreast with the latest developments at SARS in order to identify the best channels for all tax related registrations.
A business� monthly payroll usually constitutes one of the largest monthly cash outflows. As a result the payroll needs to be efficiently and accurately prepared.
Russez utilises Pastel Payroll to generate our clients monthly payroll. As part of our service we print staff payslips, update staff files and print management reports. On an annual basis we take care of employer PAYE reconciliations and prepare employee tax certificates.
We have a wealth of experience and technical know how in the financial accounting, auditing and taxation fields. Russez can consult with you to tailor your businesses accounting control systems, assist with legislative compliance matters and assist with effective tax planning.
All fees for all services are quoted, discussed and agreed upon. Fees are generally based on time spent on a particular project multiplied by a predetermined rate based on particular levels of expertise required. As part of the quotation function, an estimate of time required for completion of a project is estimated and the rate per hour is agreed upon.