- Business and strategic plans
Apart from financiers requesting these, it is a good idea to invest the time in formalizing your business plan and overall strategy. Particularly where there is more than one owner of the business, it assists in ensuring that all key players have the same long-term, medium-term and short-term goals. It also provides a framework to apply when making critical business decisions, taking the emotion out of these decisions. These plans are always a work in progress and can be updated annually.
- Company valuations
A valuation of a company becomes necessary when buying or selling a business. It is also important to establish the value of a business in order to consider estate planning issues and when quantifying insurance policies taken out on each others (business owners) lives.
- Tax structuring
It is important to structure your tax in such a way that your business and you personally are not paying more tax than you have to, within the legal framework.For example, a small business corporation qualifies for a lower tax rate.
- Tax clearances
Clearances are required for tenders or for good standing. They may take a while to be issued if there are unresolved issues with SARS. It is a good idea to have these issued annually so that they are on hand when required. We can apply to SARS for these certificates and resolve any problems identified by SARS.
- Tax directives
We can obtain tax directives for you. For example an independent contractor may require a directive. The directive will state the percentage of tax to be withheld by the “employer”.
- Start ups
We can register your business with SARS, Department of Labour and workmens compensation. We can assist you in the preparation of a business plan and assist in the negotiation process with financiers.
- Business mentoring
Julie is registered with the Business Institute of Business Advisers which supports the mentoring process offered to start up businesses.
Julie is registered with the Department of Labour as an “employment service”. She is well placed to find a bookkeeper, accountant or chartered accountant for your business. She will interview the candidate, check their references and obtain a credit check. Alternatively if you find a prospective candidate she can invite the candidate to complete a “quiz” to ascertain whether they have the skills they profess to have. She is an accountant hiring accountants and bookkeepers.
- Training bookeepers
If you have hired someone or promoted someone to the position of bookkeeper and they do not have the necessary skills, (this is common believe it or not) Julie can train your bookkeeper on-site to process transactions to your specifications.
- General Business Consulting
We can work with specialists to meet the needs of your business
- Liaising with bankers to obtain financing
- Pastel specialists to customize your Pastel reports and processes
- Access to Attorneys for:
- Scrutinising of business contracts prior to entering into the contract
- Advice and drafting of wills, estate plans and succession planning
- Drafting of association agreements and partnership agreements
- Crisis management
Julie does not offer bookkeeping on a monthly basis, but will assist where your business has fallen behind with SARS. She will assist the bookkeeper in getting your business records up to date, in order to submit the statutory returns.
- Setting up annual budgets and monitoring on a monthly basis
Julie can assist in setting the annual budget for your business. The budget can be loaded onto Pastel. On a monthly basis, she can review the actual results against the budgeted results. The favourable and unfavourable variances can be identified,examined and constructive action taken.
- Enterprise Investment Programme
Julie can assist with the completion and submission of the Enterprise Investment Programme Application Form. The Enterprise Investment Programme was launched by the government in July 2008, to provide sector-specific financing in order to encourage growth in key areas. The scheme currently operates under two sub-programmes – the Manufacturing Investment Programme (MIP) and the Tourism Support Programme (TSP) – though further sub-programmes are expected to be added in the future to address the needs of other specific sectors. The EIP works through an investment grant of between 15% and 30% towards qualifying investment in plant, machinery and equipment and customised vehicles required for establishing new or expanding existing production facilities or upgrading production capability in existing clothing and textiles operations.