Annual Financial Statements & Tax
A trial balance that ties, AFS compiled to IFRS for SMEs, and the working papers your accountant or auditor needs for ITR14 and provisional tax.
What this actually involves
We are bookkeepers. We prepare the books and the supporting schedules, and we work alongside your accountant, accounting officer or auditor rather than in place of them. What we remove is the six weeks of back-and-forth that normally precedes a year end.
Through the year we maintain the schedules that will be asked for: fixed assets and wear-and-tear, loans to and from directors, related-party transactions, provisions, deferred income, and any item likely to draw a query.
Annual financial statements are compiled on the IFRS for SMEs framework. Whether your AFS need an audit, an independent review, or neither depends on your public interest score and on who compiled them — we calculate the score so the answer is a fact rather than an assumption.
For provisional tax we produce the figures behind the IRP6 estimates due at the end of August and the end of February, so the estimate is based on the ledger rather than on last year plus a guess.
What lands, and when
Cadence: Annual · plus provisional in Aug and Feb. Everything below is in the engagement letter, not in a brochure.
- 01Year-end trial balance that ties to the ledger
- 02Annual financial statements compiled on IFRS for SMEs
- 03Public interest score calculated
- 04Fixed asset, wear-and-tear, provision and loan account schedules
- 05Director and related-party transaction summary
- 06Working paper file for your accountant, accounting officer or auditor
- 07Supporting figures for IRP6 provisional estimates and ITR14
Start with the inspection.
A week of structured review, a written findings note, and a fixed fee before any work begins.