Simic Consultancy provides Audit, Tax & Advisory Services, Commercial & Financial Accountants, Business Rescue Practitioner, Business Administrators, and industry insight to help organizations negotiate risks and perform in the dynamic and challenging environments in which they do business. We also have trained expertise in Debt Review Counseling, and accredited by the NCR. Audit
Audit is an indep
endent service that enhances the reliability of information used by investors and other stakeholders
Attestation Services
Audit practice professionals provide attestation services that are designed to help our clients address specific issues
Financial Statement Audit
Find more information on how our approach to audit of financial statements is geared to comply with International Standards on Auditing
Technical Accounting Advisory Services
Growing numbers of countries are adopting International Financial Reporting Standards (IFRS). The benefits of the new standards include enhanced comparability and improved transparency of financial reporting
Financial Reporting Services
We have a dedicated team of full-time professionals whose main priority is to support clients and staff on a continuous basis by providing a range of services in all areas of financial reporting
Technical Accounting Training Services
Tax & Legal
Simic Consultancy in South Africa’s Tax and Legal practice approaches the market from an understanding of a client’s business, their needs and strategic requirements. Advisory
Advisory works with our firms’ clients to tackle challenges in transactions and restructuring, performance and technology and risk and compliance. Industries
We can provide an informed perspective on issues faced by the global business community. The industry areas featured on this website showcase some of this sector knowledge. Country Business Desks
The following business desks facilitate and assist South African and foreign companies to benefit from these unique economies
Accounting Services:
Every business needs a good accounting system for a number of reasons. The most important reasons include statutory compliance (taxation and other acts) and monitoring of the financial results by management to help with decision making. Non-compliance with statutory compliance can lead to substantial financial losses by means of penalties imposed by the various acts. Our specialist team will assist your business with the following accounting services:
• Monthly accounting work with management accounts
• Annual financial statements preparation for the following entities:
o Sole proprietors
o Partnerships
o Body corporate
o Trusts
o Close corporations
o Private companies
• Payroll administration
• Accounting officer's report
• Independent reviews for private companies
• Annual Cipro returns
• And any other accounting and financial related services.
• Formulating budgets and cash flow forecasting.
• Budget management.
• Financial consulting and advisory.
• IFRS conversion and reviews.
• Internal control and risk management.
• Business and financial strategy.
• Capital structure management.
• Accounting and operating system development. Business Advisory:
Every company has unique needs and requires their own strategies and systems to achieve growth in every-competitive environment. We analyze and evaluate companies in relation to their industry and business environment and assist you in developing long-term strategies and systems to help you build your business. We also provide a hands on approach with Pastel Accounting Packages. Our Organization is a fully accredited Pastel Service Provider, offering onsite and offsite training, resellers of the Pastel Software. We offer the full Pastel Payroll Function and HR (Human Resources). We offer a diverse hands on approach accounting function to sustain development and continuous growth with every step of your business. A few to mention of our entrusted services, capabilities and abilities are as follows:
Secretarial Functions: CIPC
ITEM DESCRIPTION DURATION
CLOSE CORPORATIONS:
1.Basic amendments : member change, address change, accounting officer change 15 work days
2.Comprehensive amendments: all changes including change in name 5 work days
3.Conversion from CC to Company15 work days
4.Deregistration’s 30 days
COMPANIES:
1.Company registration with no name 1 day
2.Company registration with own name choice5 days
3.Company registration with shelf name (already reserved)1 day
4.Incorporated company registrations
5.Non-profit company registrations 5 days
6.Deregistration’s 30 days
CHANGES TO COMPANY:
1.Change of name [and business of company] 5 work days
2.Change in shareholding [per shareholder]
3.Change of year end
4.Changes to MOI (memorandum of incorporation) 5 work days
5.Appointment / resignation of directors 7 work days
6.Change of address of registered office
7.Increase of share capital [add R5.00 for every R1000 increase of share capital]
8.Conversion from private to public company 15 work days
11.Conversion from public to private company
12.Conversion from PTY company to INC incorporated company
ANNUAL RETURNS:
1.CC’s and companies [per year, excluding CIPC fees]
2.Restorations CCs (excludes annual returns)
3.Restorations PTY (excludes annual returns)
SARS REGISTRATIONS
1.Income tax registrations – Company 2-5 work days
2.Income tax registrations - Personal
3.PAYE\UIF\SDL Registrations
4.Tax clearance Application
5.Import \ Export License 5 work days
6.Vat Registrations 21 days
OTHER REGISTRATIONS
1.Business Rescue 1 day
2.Workman’s Compensation Registration 5 days
3.UIF Registration with Department of Labor
4.Co-operative Registrations
8.Family Trust Registrations 1 week
9.BEE Certificate level 3 1 day
10.BEE Certificate level 2 &1 3 days
11.CIDB Registration [Grade 1] per field 2 days
12.CIDB Registration [ Grade 2 -9] per field excluding submission fees 21 work days
13.WCA Letter of Good Standing 2 days
14.Trade Mark Registration [TM no] 3 days
Code of Professional Conduct
The Code of Professional Conduct of SAICA is consistent in all material respects with the Code of Ethics for Professional Accountants issued by the International Federation of Accountants (IFAC). IFAC has from time to time amended and revised its Code and SAICA has followed suit in order to maintain the consistency. We are governed by the following bodies: SAIPA (SOUTH AFRICAN INSTITUTE OF PROFESSIONAL ACCOUNTANTS & SAIBA (SOUTH AFRICAN INSTITUTE OF BUSINESS ACCOUNTANTS)
In 2001, IFAC adopted a conceptual framework approach for the section dealing with Independence. IFAC has now adopted a revised Code which establishes a conceptual framework for the entire Code to ensure compliance with the five fundamental principles of professional ethics. These principles are integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Under the framework, all professional accountants will be required to identify threats to these fundamental principles and, if there are threats, apply safeguards to ensure that the principles are not compromised. The framework applies to all professional accountants, both those in public practice and those in business, and government. The revised Code also conforms to the International Framework for Assurance Engagements, issued by the International Auditing and Assurance Standards Board, and definitions contained in the International Standard on Quality Control (ISQC) 1. The Board of SAICA has adopted the revised Code in its entirety, which has resulted in a reordering and renumbering of the sections of the Code, which will facilitate the easier insertion of later amendments. As SAICA's Code had a number of additional sections which were either of local application or an amplification of other sections, the Board has also agreed to the insertion of a Section D into the Code, which applies to all professional accountants (as defined) in South Africa. The members of this accounting practice hail with extensive Corporate Accounts and Finance Expertise and have served in the Accounting/Finance Fraternity over 15years. We serve a client base spread across the republic, of which we service all sectors, small, medium and large business. The stewards of this practice has a vast 20 years’ experience and is coupled with all relevant academic qualifications:
Certified Partner Installation Technician & Pastel Certified Trainer
B Com Finance (Hons)
MBA Finance & Accounting
B Com Auditing
B Com Tax
Business Rescue Practitioners (BA,LLB – Commercial Law)
Tel: +27 11 your office number
Fax to email: 086 515 2529
Email: [email protected]
Mobile: +27 0720228667
Ah: +27 11 435 5308
Webpage: www.simicconsultancy.co.za
