Tax Advisory & Accounting Services

As a registered member of the South African Institute of Chartered Accountants (SAICA), and with a wealth of business and accounting experience, we’re able to offer a full suite of Tax advisory & Accounting Services that will help your business achieve optimal financial structure, potential tax savings, SARS compatibility, and ethical accounting practices, without the cost of a full time staff member.

Through our strong association with Scott & Company we are able to address both your financial statement compilation and auditing/review needs.

Based in Westville, we service clients in and around Durban, from Hillcrest and Kloof, to Durban North & Ballito.

Tax Advisory

Tax Consulting & Planning

Tax advisory services ranging from fringe benefits & allowances, business deductions, micro enterprises, small business corporations/companies, and trusts.

Tax Administration & Structuring

Tax advisory and compliance for:
— Corporate
— Individuals
— Incorporated professionals
— Trust clients.

Accounting

Financial Planning & Reporting

As certified Chartered Accountants, we provide externally compiled, value adding, professional, cutting edge IFRS compliant financial statements.

Company Secretarial Services

— New companies & deregistrations/ liquidations
— Annual returns
— Statutory appointments
— Share certificates
— Company registers (e.g. directors).

Bookkeeping

VAT administration & monthly financial reporting.

Auditing

Audit services are administered by our associate; Scott & Company, a firm of Registered Auditors.
— Business valuations
— Due diligence assignments
— Auditing
— Review engagements

Payroll Services

— Monthly payroll production.
— Full SARS compliance, including monthly EMP201 statutory deductions
— Preparing and submitting bi-annual employee IRP5 certificates and EMP501 returns.
— Completion and submission of Annual workmen's compensation returns.

Call us today on 031 266 0127 or email info@ssba.co.za

See why our clients love working with us.

Professional and personal.

Accounting with a personal touch! Rob and Mike have taken time to know us and how we work. They are professional and personal. We are grateful for their expert advice and service.

Wayne Sandeman - Every Nation Durban
September 2019

Instrumental in helping us through this challenging period.

Scott Stephenson Business Advisory have been SA Brokers Accounting team since 2017. At the time our Financial director had left us, resulting in the need for the correct guidance and assistance to manage our finances. Both Rob and Mike were instrumental in helping us through this challenging period, and have been looking after us ever since. We appreciate their input and ongoing support.

Wilfred Hale - SA Brokers
October 2019

Providing valuable strategic financial business advice.

Scott Stephenson has been managing and taking care of my business and personal tax as well as providing valuable strategic financial business advice since 2014/15. I have enjoyed working with the whole team and can feel safe, knowing my accounts/SARS etc are in good hands. I have received consistent personal service and can recommend highly.

Daniel Skaftouros - Weaverbird Web
October 2018

Read all Google Review here

Frequently Asked Questions

1How do I get personal expenses allowed as tax deductions?

Unfortunately, you can’t, but there are some expenses that might appear personal that have a strong business component.

2How do I pay less tax?

Render unto Caesar what is Caesar’s but there are some things you can legitimately do to reduce your tax. Get in touch with us and we'll see how we can help you.

3Is our economy going to make a U turn anytime soon?

Moody’s is one of the rating agencies that has not dropped SA out of its investment rating status. Whilst economists are slightly divided about whether this will happen or not the general sentiment is that we will hold it together. This is one of the many important signs our economy has hope of a recovery. Other positive signs are the management of our power utility and emphasis placed on getting skilled people into our country. It's not easy but there are signs a recovery is on the cards. It is not all local, the US-China trade war upsets foreign exchange markets, some balance there will definitely aid a recovery.

4How do I interpret these financial statements, what do they tell me about my business?

They tell you where you are going right and wrong, where the problem areas are and this is what you can do to fix it.

5By when do I need to pay this tax and is there anything you can do to reduce the amount I need to pay?

Companies and individuals registered as provisional taxpayers pay twice a year and there is a third optional top-up which prevents further interest accumulating. Payment dates are determined relative to year-end and the 6 month mark in the financial year. Late payments attract a 10% penalty and there is a nasty penalty of 20% on certain taxpayers when underpaying provisional tax payments. Legally reducing tax payments is an essential part of tax planning and we are well positioned to assist you. For example; business owners often forget to include business expenditure incurred by themselves, different rates of tax apply to various enterprises, especially micro and small business enterprises, and paying the right amount of tax to prevent excessive interest or penalties.

6How come I have made a profit and yet there is no money in the bank account?

Two reasons; excessive drawings/ capital payments and working capital management issues – especially unpaid debtors. Two sources to assist you, the cash flow statement included in your financial statements and/ or a cash flow projection which we will gladly assist you in compiling.

Our Clients

Areas we service

Westville
Hillcrest
Kloof
Pinetown
Waterfall
Berea
Morningside
Durban North
La Lucia
Umhlanga