MANELI ASSOCIATES

Our Services

Secretarial Services ·

• Registration of Close Corporations ·
• Registration of Companies ·
• Registration of Trust ·
• Appointment of Auditors ·
• Appointment of Accounting Officers ·
• Appointment of New Directors ·
• Appointment of Trustees · Transfer of Shares ·
• Allotment of Shares ·
• Change in year end of a Company or Close Corporation ·
• Special Resolutions

Bookkeeping Services

• Full responsibility is taken for certain or all accounting functions and administration, thus giving you more time for the organization, to focus on its core functions and improved service delivery. ·
• Accounts preparation ·
• Management information ·
• Payroll Administration ·
• Bank reconciliations ·
• Debtors (sales) ledger ·
• General ledger ·
• Budgeting and cash flow ·
• Electronic transmission of information.

Taxation Services

Our tax division has technical and specialised skills. We are committed to the delivery of quality service to our clientele. We have highly experienced professionals dedicated to a multi-disciplinary approach to individuals and businesses. ·

• Completion and submission of income tax returns;
• Calculation of tax liability ·
• Calculation and submission of provisional tax ·
• Application for extension for submission of income tax returns ·
• Tax clearance certificates for tenders and foreign investment ·
• Tax directives; ·
• Salary structuring ·
• Income tax registration ·
• Exemption certificate for employee tax; ·
• Application for exemption from income tax ·
• Checking income tax assessments ·
• Arranging deferred payments ·
• General income tax planning and consulting ·
• Company and individual tax returns ·
• Budgeting and cash flow · 
• Capital gains tax services ·
• Special tax opinions ·
• Responding to SARS queries ·
• Submission of compliance review findings to SARS ·
• Settlement negotiations with SARS ·
• Advise on transfer pricing policy ·
• SARS compliant tax structuring ·
• Tax planning ·
• Transnational tax consulting ·
• Municipality VAT assistance ·
• Tax accrual reviews Business Consulting.

Our tax team which consists of Business Accountants believes that 100% tax compliance is the only acceptable way to run a business. We understand however that due to complexities in tax legislation and practice, this goal is not easy to achieve for most taxpayers. Our team of highly trained tax specialists will assist you in working hand in hand with SARS for voluntary compliance. 

Business Consulting 

• Transactional processing of all cash & credit sales & purchases; 
• Transactional processing of all manual journal entries such as payroll, depreciation and others that may be necessary; 
• Reconciliation and review of all general ledger accounts; 
• Working capital and cash flow management ·
• Business review, reporting and compliance (including preparation of Annual Financial Statements). 
• Tax planning and monthly returns ·
• Payroll services. 

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.

Each month or quarter we'll do the following things for you...

• Reconcile your bank account
• Generate an income statement
• Generate a balance sheet
• Clean up your general ledger

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to...

• Identify lost checks, lost deposits and unauthorized wire transactions.
• Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
• Detect and prevent embezzlement of funds from within your company.
• Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
• Manage your cash more effectively.
• Proper management of funds not only saves money, it makes money for you.
• Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
• Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

• Track revenues and expenses so that you can determine the operating performance of your business.
• Determine what areas of your business are over-budget or under-budget.
• Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
• Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you:

• quickly get a handle on the financial strength and capabilities of your business
  identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
• determine if your business is in a position to expand
• determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
• determine if you need to take immediate steps to bolster cash reserves
• determine if your business has been slowing down payables to forestall an inevitable cash shortage.

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

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