Services

Auditing | Accounting | Taxation | Corporate Secretarial Services | Financial & Estate Planning

Ensuring that the requirements of the Auditing Profession Act and the Independent Regulatory Board for auditors are complied with.

Maintaining a detailed knowledge and understanding of South African statements of Generally Accepted Accounting Practice and International Auditing standards.

Reviewing clients' businesses and systems of internal control and reporting weaknesses and non compliance to management.

Advising clients of required compliance with applicable legislation.

Auditing services rendered by FWC Accountants & Auditors include:

a) Statutory Audits

• Statutory audits of all private Companies
• Statutory audits of all Public Companies
• Body Corporates
• Home Owners Associations
• Estate agent trust accounts
• Attorney trust accounts
• Non-profit organizations
• Schools and colleges
• Churches
• Trusts

b) Forensic audits & special investigations

FWC Accountants & Auditors can perform various audits and investigations that are not required by law.

These include:

• Investigations where fraud is suspected
• Investigations where fraud has been committed
• Agreed-upon procedures investigations
• Due diligence investigations
• Agreed-upon audit procedures
• Internal control evaluations
• Internal audit services

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We offer general accounting administration and bookkeeping services for businesses in all economic sectors.

These services include:

• Preparation of monthly and annual financial statements from client source documents
• Maintenance of accounting records to trial balance
• Preparation of management accounts
• Preparation of budgets and cash flow forecasts
• Completion and submission of VAT, PAYE and other statutory returns
• Payroll maintenance and administration outsourced services
  These services include:
  • Weekly / monthly pay slips
  • Monthly calculation of statutory amounts due
  • Monthly statutory returns
  • IRP5 Reconciliation (EMP501) and issuing of IRP5’s and IT3’s
  • All related statutory returns

FWC Accountants & Auditors are registered re-sellers for Pastel Accounting which include providing of accounting packages and support to our clients.

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In respect of all categories of taxpayers the following:

• Consultation with clients in respect of tax planning regarding the most effective structure to use to minimize taxes within the boundaries of the law
• Consultation with the South African Revenue Services

FWC Accountants & Auditors can administer the whole process relating to the following:

• Tax registrations
• First to third provisional tax return
• Income tax return
• Capital Gains Tax (CGT)
• Secondary tax on companies
• Value added tax
• Transfer duties
• Applications for tax directives
• Checking of assessments
• Letters of objections to assessments when required
• Attending to alternate dispute resolutions with the South African Revenue Services (SARS)
• Specialist tax advice
• Obtaining tax clearance certificates for overseas investments or tender purposes
• Written legal opinions on specific issues

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• Formation of Companies and Close Corporations including all ancillary work
• Submission of annual returns to Cipro Companies and Close Corporations

Other services include:

• Acting as company secretary
• Name reservations
• Change of directors
• Transfer of shares and members interest with the appropriate minutes and other required documentation
• All annual compliance services

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Trust formation and administration

We form inter vivos and mortas causa trusts. We have years in experience and expertise in this field.

Formation and administration will include:

• Drafting and preparation of trust deeds
• Registration of trust including the submission of all documents and the information required by the Master of the Hight Court
• Maintaining trust accounting records and preparation of financial statements
• Preparation of resolutions
• Ensuring that the trust is administrated in terms of the act on trust goods

Estate Planning

We act as Executors of estates for existing clients due to the fact that we are in the most informed position relating to our client's financial affairs.

Services include:

• Consulting with clients regarding estate planning
• Drafting and preparation of wills
• Preparation and lodgement of liquidation and distribution accounts and the advertising thereof
• Advertising the finalisation of the estate
• Valuation of the deceased interest in corporate entities

Insurance and assurance

We have qualified experts who can analyse your existing portfolio and advise accordingly.

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