5. ACCOUNTING SERVICES
Integrity-Ethics-Excellence-Professionalism-Relationships
The accounting department renders the following services:
Ÿ Bookkeeping from source documents on Excel and Pastel
Ÿ Monthly accounting and administration work
Ÿ Keeping track of income and expenses against budgets
Ÿ Preparing management statements and other management
reports
Ÿ Preparing annual financial statements for all entities and
individuals
Ÿ Calculating income tax for all entities and individuals
Ÿ Identifying and reporting possible risk areas in accounting
systems
Ÿ Implementing and initiating accounting systems
Ÿ Compiling budgets and cash flow predictions
Ÿ Debt collections on behalf of clients
Ÿ VAT calculations
Ÿ Capital gain calculations
Ÿ Submission of monthly VAT, PAYE, UIF and SDL returns
Ÿ Submission of annual and bi-annual Salary reconciliations
Ÿ Keeping records for audit and tax purposes
6. AUDITING SERVICES
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Auditing is done in accordance with the terms of the
International Standards on Auditing, as prescribed
by the South African Independent Regulatory Board
for Auditors (IRBA). The responsibilities of the
department include the following:
Ÿ Completing statutory audits for clients
Ÿ Compiling financial statements
Ÿ Evaluating and implementing internal
processes and controls
Ÿ Highlighting and reporting risk areas
7. BROAD-BASED BLACK
ECONOMIC EMPOWERMENT
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Consultation and verification services
We are accredited by the Independent Regulatory Board for
Auditors (IRBA) to independently verify a B-BBEE scorecard
and issue a valid B-BBEE certificate.
This is how we can help:
Ÿ Providing an understanding of the effects of B-BBEE on the
business strategy, tax planning and operational functioning
Ÿ Formulating a B-BBEE strategy
Ÿ Designing and implementing the strategy to ensure successful
empowerment of the business
Ÿ Compiling and calculating a scorecard
Ÿ Compiling the necessary working papers in the preparation of the
independent verification
Ÿ If we do not consult on the above, we can act as the independent
B-BBEE verification agent who issues the B-BBEE certificate for
the business. This certificate is valid for a period of 12 months
from date of issue.
8. COMMENCEMENT &
STRUCTURING OF
BUSINESSES (CONSULTATION)
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We offer business planning and advice during:
Ÿ Structuring, restructuring and take-overs
Ÿ Business and share valuations
Ÿ Structured financing, property structuring and
financial implications
Ÿ Tax options
9. ESTATES AND TRUSTS
Integrity-Ethics-Excellence-Professionalism-Relationships
The estate and trust department of FHBC offers the
following services:
Ÿ Drafting of Wills and Trust Deeds
Ÿ Reviewing and amending Wills
Ÿ Storing of Wills in a fireproof safe
Ÿ Estate planning and administration
Ÿ Administration of Deceased Estates
Ÿ Registration of Trusts
Ÿ Amendments to Trust Deeds
Ÿ Administration of Trusts
Ÿ Acting as an independent Trustee for Trusts
11. PAYROLL PROCESSING,
ADMINISTRATION AND
CONSULTATION
This department guarantees total confidentiality, accuracy, statutory
adherence, technical advice and affordable fees, by providing the
following services:
Ÿ Processing of salaries and wages
Ÿ Electronic payment of salaries and wages, according to the
requirements of clients
Ÿ Printing of payslips
Ÿ Medical, pension and provident fund deductions and garnishees
Ÿ Administration of leave in accordance with the most recent
terms of the Basic Conditions of Employment Act
Ÿ Employment equity administration
Ÿ Annual preparation of IRP5, IT3 certificates and IRP501
reconciliation and electronic submission
Ÿ Annual submissions of the Return of Earnings
forms to the Compensation Commissioner (WCA)
Ÿ Monthly preparation and submissions of EMP201 for
UIF, PAYE, SDL
Ÿ Monthly reports to clients tailored to suit individual needs
Ÿ Structuring of total cost to Company
Integrity-Ethics-Excellence-Professionalism-Relationships
12. ADMIN AND SECRETARIAL
SERVICES FOR COMPANIES
AND CLOSE CORPORATIONS
Integrity-Ethics-Excellence-Professionalism-Relationships
FHBC offers the following admin and secretarial services:
Ÿ Name reservations and different Company registrations at CIPC
Ÿ Applications and supporting documents for amendments of companies
and close corporations at CIPC:
- Changes in directors/members
- Appointment or resignation of auditor/accounting officer/company
secretary
- Changes in registered address and location of company records,
financial year end, etc.
- Special resolutions to adopt or change the Memorandum of
Incorporation
- Conversion of close corporations to companies
- Re-instatement of companies and close corporations
- Deregistration of companies and close corporations
- Notices to start Business Rescue Proceedings
- Filing of Annual Returns
Ÿ Structuring of total cost to Company
Ÿ Maintaining and updating of company registers
Ÿ Transfer of shares and the issuing of share certificates
Ÿ Confirmation of addresses, income, solvency, etc. for existing clients
Ÿ B-BBEE certificates for Exempt Micro Enterprises (EMEs)
13. TAX COMPLIANCE AND
ADMINISTRATION
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The tax department ensures that the legal tax responsibilities of all clients
are met, by providing the following services:
Ÿ Registration of Income Tax, VAT, PAYE, UIF and SDL
Ÿ Income Tax calculations for companies, close corporations, trusts and
individuals
Ÿ Submission of Income Tax returns via e-filing for abovementioned
entities
Ÿ Calculation and submission of provisional tax returns via e-filing
Ÿ VAT calculations and submission via e-filing for VAT vendors
Ÿ Remittance of SARS penalties, interest and additional assessments
Ÿ Dealing with enquiries, verifications and audits from SARS
Ÿ Formal dispute resolution with SARS, incl. objections, appeals, the tax
board and tax court
Ÿ Escalating service delivery issues to the SSMO and Tax Ombud
Ÿ Assistance with SARS debt collection and payment arrangements
Ÿ Providing tax opinions
Ÿ Tax planning and advice
Ÿ Capital gains tax calculations
Ÿ Request tax clearance certificates
Ÿ Applying for tax directives
Ÿ Confirmation of Income Tax, VAT and PAYE numbers
