Under our company, Business Management Solutions, we offer various services.
Essentially , our core business is Accounting and Tax Services . I am a qualified financial accountant with 33 years experience .
Based in Cape Town , our speciality is servicing small to medium sized businesses who requires monthly accounting and bookkeeping services .
Recently , I have come to understand that the services that we offer is not offered by other accountants , in that the accountants generally complete the clients financials and tax returns along with VAT and PAYE returns , and submit these to SARS . End of Story .
It has become apparent to us from clients that have migrated to us , that their previous accountants have not really attempted to educate them about what they should or should not be doing in their business .
No guidance is given whatsoever in terms of – “I notice on your bank statements you do this or that – instead of doing it like that , moving forward , from a tax point of view , rather do it like this or like that” .
To this end , we have found more and more , that our clients value this and are more than willing to take on board the guidance that we offer , because ultimately it saves them money legally since this type of guidance makes our job easier as accountants , when completing tax returns .
This is not tax avoidance in any way , it is merely using the rules of the tax system to legally obtain the benefit of all possible deductions that are allowable .
From this , it has naturally evolved into our role as a BUSINESS COACH , because ultimately that is the function that we are performing . We coach you to ultimately improve the way you perform day to day tasks within your business . Ultimately down the line only you and your business benefits .
A spin off of the above has been that we have become more and more in tune as to why clients can’t move forward in their business and personal lives , and so an additional service has evolved in the form of LIFE COACHING , under the banner of COACHQ .
Our Services Offered:
- Monthly Bookkeeping Services
- Income Tax Returns
- Structuring of Tax Affairs
- Formation of Companies / Trusts
- SARS Audits
- SARS Compromises
- Liquidations & Sequestrations
- Business Coaching
- Life Coaching
Registering a New Company, Request for Disclosure Certificate, Request for Copy of Full Set of Company Documents, Submission of Annual Return, Submission of Beneficial Ownership Declaration, Changing the Address of An Existing Company, Changing The Name of an Existing Company, Changing Company Directors
Beneficial Ownership for CIPC
The CIPC introduced beneficial ownership to enhance transparency within corporate structures, allowing them to identify the individuals who ultimately own or control a company, thereby mitigating the risk of money laundering, terrorist financing, and other financial crimes by enabling law enforcement to easily access information about the true owners of entities registered with them.
Why was the beneficial ownership implemented?
The purpose of such is to ensure that ultimate beneficial owners of entities on the CIPC register are known and that abuse of corporate vehicles as a means to facilitate money-laundering and the financing of terrorism is reduced and mitigated
How often must the beneficial ownership information be called to CIPC ?
In terms of legislative requirements, ALL companies, external companies and close corporations, must submit their beneficial ownership declarations at least once annually, or as and when it changes (amendments)