UAN CONSULTANCY SERVICES (PTY) LTD | YOUR EXCELLENT ACCOUNTANT

Business owners need Accountants for expert financial advice, tax compliance (relevant SARS returns that must be done on time to avoid late filing penalties), and cash flow management to help their business grow and avoid costly mistakes. An Accountant acts as a valuable business partner, offering strategic insights, handling financial reporting and planning, identifying financial leaks, and ensuring your company remains legally COMPLIANT and FINANCIALLY STABLE.

Expert Financial Guidance and Strategy:

Informed Decision-Making:

An Accountant provides an expert overview of your company’s financial health, helping you make informed decisions to guide your business towards its goals.

Financial Strategy:

They can develop financial financial strategies, create BUDGETS, forecast cash flow, and help you understand your business’ key performance indicators (KPIs) to improve REVENUE (SALES) and PROFIT.

Budget Planning:

Accountants can offer guidance to choosing the correct business structure, improving financial efficiency, and providing realistic financial protections for the future.

Tax Compliance and Planning

Navigating Complex Laws:

Accountants help you understand and comply with intricate and ever-changing tax laws and regulations. In a South African context specifically the Income Tax Act No. 58 of 1962, the Value-Added Tax (VAT) Act No. 89 of 1991., the Tax Administration Act No. 28 of 2011, the Trust Property Control Act No. 57 of 1988 and other related regulations/statutes.

Minimizing Tax Liability:

They can ensure you take advantage of all eligible deductions and credits to reduce your tax burden and identify tax efficient strategies.

Handling Filings:

Accountants handle the preparation and FILING of various TAX RETURNS , such as Company Provisional Tax Returns (IRP6), INCOME TAX RETURN (SARS ITR14), SARS VAT201 RETURNS, and payroll fillings (EMP201 RETURNS) to declare and pay over your employees’ PAYE, ensuring accuracy and TIMELY submission, to avoid penalties and interests.

Financial Operations and Management

Cash Flow Management:

An Accountant helps monitor and manage your cash flow, identify financial leaks, and provides advice on how to reduce unnecessary costs.

Financial Reporting:

They PREPARE ESSENTIAL FINANCIAL REPORTS SUCH AS BALANCE SHEETS and CASH FLOW STATEMENTS, providing clear visibility into your business’s performance.

Accounts Receivables and Payable:

Accountants manage ACCOUNTS RECEIVABLE (money owed to your business by customers) and ACCOUNTS PAYABLE (money your business owes to others, your trade suppliers), ensuring money is collected and payments are made on time.

Risk Mitigation and Growth Opportunities

Avoiding Costly Mistakes:

An Accountant helps prevent costly financial errors, like IMPROPER EXPENSE CATEGORISATION or missed tax deductions.

Detecting Fraud and Theft:

Through REGULAR AUDITING and ACCOUNT RECONCILIATION, they can help protect your business from fraud and theft.

Securing Funding:

A well-maintained FINANCIAL RECORD, PREPARED BY AN ACCOUNTANT, can b crucial when applying for LOANS or BUSINESS GRANTS.

Time Savings

Focus on Core Activities:

By DELEGATING FINANCIAL TASKS TO AN ACCOUNTANT, BUSINESS OWNERS can save VALUABLE TIME, allowing them to focus on core business activities that drive growth and REVENUE.

Compiled by Mr. UCP Nemukula Chartered BAP (CIBA)

To discuss the BUSINESS NEEDS that you may have contact through the Contact us platform in this website. Or Email PeterN@uanconsultancyservices.co.za Or Reach UAN CONSULTANCY SERVICES (PTY) LTD Via WhatsApp on +2784 915 2289 or Follow UAN Consultancy Services on Facebook and Direct Message.