Financial Accounting

Financial
Accounting

The TAX Shop Accountants Brakpan

offer a complete financial accounting solution to save time, effort, money and resources.

Our personalised service gives us a better understanding of your accounting, tax and admin needs so we can optimise the services we provide you with. Our tailor-made service packages ensure that you don’t pay for services you don’t need

Financial Accounting

Financial accounting is the second step after bookkeeping to help make your business a raging success.

Reporting, analysing data, and creating business insights are the next steps.

This gives feedback to what degree you are running a successful business (or not).

If the raw data wasn’t captured or organised correctly it can be a right royal pain to reconcile later.

Set up and maintain good books, have bookkeeping, accounting and financial reporting done for you by professional experts, or let us help you set it up.

Tax Shop provides Financial Accounting for small to medium businesses, NGO’s, NPO’s, corporations, individuals, entrepreneurs and solopreneurs.

Why Financial Accounting is Vital

The purpose of accounting is to give an accurate record of your business’s financial position at any point in time; to analyse, measure and process the financial data, to make sense of it, and then communicate and report on performance, sales forecasts to name but a few.

The financial reports are used by stakeholders to make more informed decisions about managing the business (owner/ director/ manager), investing in it (investors), lending money to it (banks) and taxation (government).

Keep tabs on business. The more staff/personnel you have, the bigger the risk of error, omission, corruption, misrepresentation and ‘creative accounting.
Keep your finger on the pulse. The more transactions and activity you have, the greater the risk of getting overwhelmed or falling behind – especially a sole operator.
Keep up-to-date. The bigger the gap between bookkeeping, accounting, reporting and analysing, the greater the chance of mistakes, loss or forgetting things like invoicing and collecting money owed to you.
Basing important business decisions on assumptions and guestimates can be extremely costly.

Monthly, quarterly and annual bookkeeping services.
Budgets and forecasting.
Management reporting.
Annual financial statements.
Annual, quarterly, monthly financial reporting.
Submission of tax and other returns linked to the accounting function.
Governance, risk and compliance.
Financial consulting.
Cashflow management and forecasting.
Outsourced Accounting, Bookkeeping, Payroll.
Business Financing.
Bookkeeper and Accountant support services.
Accounting Software Service Provider/ Services/ Advice/ Advisory/ Implementation.
Accounting Technology Solutions.
Business Services.
Secretarial Outsourcing.
Statutory accounts preparation.
Tax advisory.
International accounting and reporting.
International finance and accounting transformation.
Insurance premium tax.
International tax services.
In-house financial management/ accounting training.
SARS objections and appeals.
UIF…. Statutory Returns (Unemployment Insurance Fund).
Tax Health Check/ Tax Due Diligence.
VAT submissions.
CIPC Services.
New Company/ Business Registrations.
EMP submissions/ reconciliations.
Provisional Tax Returns.
Income Tax Registrations.

The Full Monty Of Accounting Services

We can do the following for you:

  • Let us take care of all your tax, CIPC, Department of Labour and compensation fund returns.Civil litigation
  • We do all your accounting and compile your Annual Financial Statements.
  • Get advice and support from our expert consultants relating to any accounting, tax and payroll matters.
  • Have a designated accounting hotline for advice on all your financial accounting related matters.
  • Benefit from in-house expert’s knowledge. Any question you might have regarding tax, accounting, payroll or just general business advice will be answered by a registered professional online.
  • Get access to our legal template library for documents like employee contracts etc.
  • Get your monthly, quarterly, annual management reposts, tax structuring, support, forecasting, budgeting and so much more!!!
  • Have peace of mind that your company is always up to date and compliant everywhere because our system monitors, tracks and manages your compliance from SARS, Department of Labour, Compensation Fund and CIPC. View up-to-date information on your compliance status in all categories any time.
  • We can also do your payroll.

Business Success Triangle

Managing your business’ accounts correctly is vital to its success, and many business owners struggle to do this themselves. TAX SHOP Brakpan offers outsourced professional financial accounting solutions. We are specialists in Xero Cloud Accounting and strongly advocate cloud accounting solutions due to the freedom it offers business owners and the accuracy it ensures, making accounting simpler.

Our accounting solutions are comprehensive, and we offer to assist with all your company’s requirements, from processing documents, analysing debtors and creditors, producing management reports, reconciling VAT returns, financial reporting, preparing financial statements, managing payroll, and more. By keeping our clients informed throughout, you as a business owner will always be up to date on what is happening in your own accounts.

Clients can rest assured that our team has the understanding of your business plus the client focus and professional expertise to offer advice and services honed from industry experience.

Whether you, as a business owner, need a tax consultant, an audit specialist, an accounting solution, or a payroll expert, you have come to the right place! We have several independent business units operating in their respective areas of expertise, thereby providing our clients with an extensive range of services required to meet the financial and regulatory obligations of a business.

Your tax consultant, audit specialist, accounting guru, and more, in one

By utilising the latest software and technology available, including data extraction software and electronic work papers, we provide prompt, accurate and efficient audit service.

The TAX Shop Brakpan Logo

About
Services
Contact Us

Contact Us

073 631 9511
brakpan@taxshop.co.za

ADDRESS
Flat 40
Barry Marais Str
Boksburg
1459

WORKING HOURS:
Mon - Fri
8:00 - 17:00