The Tax Shop CONTENTS. Accounting. Payroll. Taxation. COMPANY PROFILE THE TAX SHOP GROUP. Mission and Vision...2. Code of Ethics...

Transcription

1 CONTENTS SECTION PAGE Mission and Vision...2 Code of Ethics History of the Group....2 Organisation Structure.. 2 Tax Shop Services Our Clients 5 Director Details.. 5 Group Details.. 6 Contact Details 7 Accounting. Payroll. Taxation. COMPANY

2 MISSION AND VISION Group Group is to be the preferred provider of professional accounting, payroll and taxation services to business and the public in a personalised manner which: Accounting Inc Franchise (Pty) Ltd o Builds long term relationships, o Provides convenience, o Produces quick results, and o Offers competitive fees. CODE OF ETHICS Group s Code of Ethics is intended to establish a framework for the implementation of best practices for relationships that we have with our clients and with members of Group. The Code is intended to provide a set of core values that are the basis for all our relationships within Group. Our Code of Ethics is a formal document and, in brief, it sets out our principles for the following: 1. Trust, truth and honesty. 2. Mutual respect and reward. 3. Open and frequent communication. 4. Obedience to the law. 5. Conflict resolution. A copy of our Code of Ethics is available upon request. HISTORY OF THE GROUP Group has a proud history of achieving success within all sectors of the economy and consists of two distinct business units: Accounting Inc was established in January 2002 as a firm of Chartered Accountants, offering professional services to individuals as well as small and medium-sized businesses. Franchise (Pty) Ltd was established in January 2007 as a professional services franchise specialising in the services offered by Accounting Inc. Franchise (Pty) Ltd has grown significantly since inception and today it boasts a national footprint throughout South Africa with more than 80 outlets represented in all nine provinces. ORGANISATION STRUCTURE The close link between the two companies which form part of The Tax Shop Group enables Accounting Inc to draw on the resources of franchisees from Franchise (Pty) Ltd. These franchisees are individuals who are qualified (and would even be considered experts) in various financial fields including accounting, payroll, taxation, black economic empowerment and business registrations. As a result of the franchise, Group is represented in all 9 provinces of South Africa through more than 80 franchisees and is able to provide services in the aforementioned fields throughout the country. Diagrammatically, the organisation structure is depicted as follows: PAGE 2

3 Group Structure: TAX SHOP SERVICES Accounting Inc Offers Services To Companies listed on the JSE. Large private companies. Local and provincial government. Small and medium enterprises (SME). Sole proprietors and individuals. Oversees Functioning Of Franchise (Pty) Ltd Support Training Marketing Quality Control Tax Shop Franchisees Offers Services To Group offers our clients professional knowledge of statutory regulations as well as business customs which provides our clients with a real competitive advantage in the market place. We offer a wide range of services aimed at assisting small, medium and large business enterprises and state organisations to perform and operate more effectively in a rapidly changing and complex business environment. Choosing Group will benefit your business in many ways as our approach is to sincerely add value to all our clients and not simply to perform a service. Given our commitment to service excellence and added value, our services are listed below. (One of our directors would be pleased to contact you to explain the services listed below in detail). Accounting provides you with the option of outsourcing all or part of your bookkeeping and accounting requirements to us. Included in our range of accounting services are: Annual financial statement compilations. Independent reviews and audits. Bookkeeping (including the processing of cashbooks, bank reconciliations, month end journal entries etc.) Budgeting and managing the budgeting process. Maintenance of debtor s ledger (including monthly invoicing and debt collection), supplier s ledger and general ledger. Maintenance of subsidiary records such as fixed asset registers. Management accounting and monthly reporting. We also offer a comprehensive online accounting solution for small, medium and large entities. No installation is required as you simply log in via the internet. PAGE 3

4 Accoun We provide you with o Annual ing ( Payroll Payroll costs regularly feature as the largest expense while human resource management equally places an extreme burden on most organisations. Following many years of experience, has designed payroll systems which work for our clients. Included in our range of payroll services are: Payslip preparation. Monthly payroll reports for management. Submission of monthly and bi-annual PAYE returns to SARS. Submission of monthly returns to the Department of Labour. Submission of employment equity reports to the Department of Labour. We also offer an online payroll and HR solution which is comprehensive for small, medium and large entities. No installation is required as you simply log in via the internet. Clients are able to run their entire payroll function independently or outsource some or all of this function to. Taxation Dividends tax. Donations tax and estate duty. Securities transfer tax (STT). Skills development levies (SDL). Unemployment insurance (UIF). has an in-depth knowledge of the aforementioned taxes and regulates client s tax affairs in such a way that a tax liability is minimised. Included in our range of taxation services are: Tax consulting, planning and advice. Registrations and deregistration of taxes. Calculation of tax liabilities. Completion and submission of tax returns. Checking of assessments. Objections to incorrect assessments. Tax directives. Tax clearance certificates. Salary structuring. Arranging of deferred payments. Taxation has become a specialist field and recommends that clients look to Tax Shop professionals to assist. Every taxpayer has a responsibility to ensure that all applicable tax returns are submitted timeously to the South African Revenue Services (SARS) and paid where necessary. Continually changing tax legislation places a huge administrative burden upon a taxpayer which can only adequately be taken care of by professional tax practitioners who deal with SARS regularly. The following are amongst some of the more common tax types that is offering to clients: Tax on income (including provisional tax). Capital gains tax (CGT). Value added tax (VAT). Employees tax (PAYE). Black Economic Empowerment (BEE) works closely with leaders in the BEE industry and our clients are assured of receiving the highest quality advice and service at all times which include specialist knowledge of legislation and government practice. Included in our range of BEE services are:. BEE certificates (EMEs, QSEs and Generic enterprises). BEE consulting, planning and advice. PAGE 4

5 recommends that an appointment be made with a professional BEE Tax Shop consultant to review your BEE status, policy and strategy. Business Registrations has assisted vast numbers of individuals and corporates in setting up appropriate business structures with great success. Included in s range of business registration services are: Registration and deregistration of companies, trusts and close corporations. Amendments to entity types. Appointment and removal of accounting officers, directors, members and trustees. Allotment, issue and transfer of shares. Resolutions and minutes of meetings. (Once again, one of our directors would be pleased to contact you to explain the services listed above in detail). OUR CLIENTS Group has serviced clients for nearly 15 years throughout South Africa. has serviced numerous clients from abroad and has also provided valuable services to local and provincial government. Some of the valued clients who have benefitted from Tax Shop Group service over the years include: Companies listed on the Johannesburg Stock Exchange. Large private companies. Small and medium enterprises (SME). Local and provincial government. Sole proprietors and individuals. Other Services also provides other expertise services in the following areas: DIRECTOR DETAILS The following are executive directors of both companies within The Tax Shop Group: Business planning and advice. Due diligence reviews. Strategic planning. Risk management. Elaine Viljoen BCompt (Hons), BCom (with distinction), Adv Dipl Banking, CA (SA) Forensic audits. Franchising. Training (accounting, taxation, payroll). Government incentives. Information systems design and implementation. Internal control structuring. Investment planning and advice. Elaine has obtained qualifications from various academic institutions. She qualified as a Chartered Accountant (SA) in 1988 and is a member of the South African Institute of Chartered Accountants. After completion of her articles with KPMG she lectured in the fields of accounting and auditing at various universities. Thereafter, she occupied high profile positions in the banking sector, including appointments as Group Chief Accountant at Standard Bank, Head of Finance Corporate and Merchant Banking Division at ABSA and Chief PAGE 5

6 Financial Officer at ABN Amro Bank South Africa. Since 2008 she has provided business consulting services to various financial institutions in South Africa. Bernard Schoeman BCom (PGDA), CA (SA) Bernard studied at the University of Cape Town and qualified as a Chartered Accountant (SA) in 1997 after completion of his articles with Deloitte & Touche. He is a member of the South African Institute of Chartered Accountants. He studied BCom majoring in information systems and accounting. His areas of expertise include information systems, taxation and financial planning. Bernard has extensive international and local experience having worked for nearly three years with financial institutions in London and having audited numerous companies listed on the JSE in South Africa. Nico Viljoen BCompt (Hons), MBA, HED Nico worked at various listed companies in the heavy engineering, chemical, transport and motor industry in a financial management capacity. He served as financial director on the Board of Directors of eminent companies in these industries. He obtained qualifications in Accounting, Higher Education, and Business Administration and Management through the University of North West and UNISA. After completion of his articles with Price Waterhouse Coopers he also lectured in accounting and taxation at the Vaal University of Technology. Over the last decade Nico has owned and managed various successful businesses. His areas of expertise include successful business turnaround and directional strategies while maintaining a keen interest in strategic management, financial accounting and taxation. GROUP DETAILS Information and contact details of all companies within Group are listed below. Registration Numbers Accounting Inc: 2002/001715/21 Franchise (Pty) Ltd: 2007/005103/07 Registered Office (Pretoria) Postal address: Physical address: PO Box Rubenstein Drive Moreleta Plaza Delta Office Park Pretoria Building 2, Ground Floor 0167 Moreleta Park Pretoria 0167 Alternative Office (Tzaneen) Postal address: Physical address: PO Box Boundary Street Tzaneen Tzaneen PAGE 6

7 accounting. payroll. tax. much more. People expect good service but few are willing to give it! Accounting. Payroll. Taxation. National: Pretoria: (012) Fax: DISCLAIMER: The information supplied in this document is not intended to be a guarantee of fact. In no event will Accounting Inc or Franchise (Pty) Ltd be liable for any lost revenue, profit, or for direct, special, indirect, consequential, incidental or punitive damages however caused and regardless of theory of liability, arising out of the use of this document, even if Accounting Inc or Franchise (Pty) Ltd has been advised of the possibility of such damages. PAGE 7