Menu
Bookkeeping is a very important part of any business. This is where all financial information regarding the day to day business operations are processed. Therefore, we place much emphasis on this function of the business. Business owners need accurate and reliable information on a timely basis. This part of the business is critical for cash flow management and decision making. By having a good bookkeeping function in your business, it allows us to analyse financial data to give us direction of where the business is heading. This can help management see threats and weaknesses and act upon these timeously. BHA provides a complete outsourced bookkeeping function to SMME’s. These services can include the following:
Payroll can be a complicated and timely exercise for most businesses. With all the continuous changes in payroll taxes and the complexity of statutory returns and reconciliations, it is beneficial for entities to outsource this function to a team of professionals that deal with this on a regular basis. At BHA we provide a complete outsourced payroll function to any small to medium-sized entities which include:
Taxation is always a topic which most people don’t like to talk about. However, it is a part of every person’s and business’ life and cannot be ignored or taken lightly. Therefore compliance with tax legislation is of the utmost importance. Tax is very complex as legislation is continuously changing and keeping up to date with all the amendments can be challenging.
At BHA have a passion for tax legislation and have an exceptional team when it comes to individual and corporate tax matters.
We provide the following tax services:
Annual financial statements are part of any business. With the strict regulation of the Companies Act and Close Corporation Act in South Africa, it is very important for a business not to neglect this function and compromise is not an option. With complex reporting frameworks like The International Financial Reporting Standard (IFRS) and The International Financial Reporting Standard for small and medium-sized entities (IFRS for SME’s) as required by the Companies Act and Close Corporations Act, it is important for businesses to appoint an expert to assist with the preparation and assurance of their Annual Financial Statement.
We at BHA have an excellent understanding of the reporting frameworks and provide the following services:
Talking about will’s and estates can be very difficult and is usually often neglected. However, death is a reality that we all face and must be dealt with sooner rather than later. If a person does not have a legal will in place, dissolving an estate becomes a nightmare and can drag on for a long period of time.
At BHA we provide the following services:
Company secretarial work is mostly misunderstood. This involves maintaining the company’s compliance with the Companies Act, maintaining company registers, share registers and attending shareholders and directors meeting. BHA provides the complete secretarial function for companies.
This is a service which is usually very undervalued by most businesses. However, done correctly it can add great value to your business. Financial Management & Advisory can make the difference between profit or loss for your business. In essence, it is analyzing financial information for key decision making. This is where we help your entity to become more effective and efficient with an end result of better financial performance and profitability. At BHA we become the financial eyes in your business.
BHA provides the following services:
The starting point for any business is to decide which type of entity is right for you. Entities can take different forms and there are advantages and disadvantages to any kind of entity. Examples of different entities that can exist in South Africa are sole proprietaries, partnerships, companies and trusts. We will help you decide which type of entity is the best fit for your business.
At BHA we provide the following services:
We provide independent reviews and compilations of annual financial statements in line with International Financial Reporting Standard (IFRS). The Companies Act determines which companies require this service and it depends on a few things, some of which include the public interest score and size of the entity.
Financial reporting standards must promote sound and consistent accounting practices. This applies to profit and non-profit companies. An independent audit ensures all legal accounting practices are being met.
Certain categories of private, personal liability and non-profit companies that are not subject to audit will be required to have their annual financial statements independently reviewed. Regulations prescribe the categories of companies to which the independent review requirement will apply as follows:
This independent review must be performed in accordance with ISRE 2400, the International Standard for Review Engagements, as issued from time to time by the International Auditing and Assurance Standards Board or its successor body.
BHA was founded by Herman Human who has over a decade worth of experience in sound accounting practice. Working with BHA Accounting means having professionals that strive to understand your business so that it can operate as efficiently and profitably as possible.
READ MORE >>