Annual Financial Statements Preparation and Signing Off

By: Equity Accounting cc & Equity Bookkeeping cc  09-10-2009
Keywords: Accounting & Bookkeeping, Accountant

 

In terms of tax legislation, every business, from a sole proprietor to large companies, has to draft annual financial statements to disclose its results to SARS. In this respect, not all individuals are qualified to carry out this function. For example, bookkeepers cannot legally sign off close corporation annual financial statements. An integral part of the drafting of annual financial statements is the tax planning and structuring aspect which, to be compliant with SARS, can only be done by a registered tax practitioner.

Keywords: Accountant, Accounting & Bookkeeping

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