Services
ADVISORY
Fixed Asset Management Services | Financial Statements Compilation | Forensic Due Diligence | Fraud Investigations | Tax Advisory Services | Risk Management | IFRS Consulting | GRAP Consulting | VAT Recovery
SME SUPPORT
Bookkeeping | Monthly Management Accounts | Monthly Payroll | Tax Advisory (VAT, Income Tax, PAYE) | Business Advisory | Internal controls Development & Implementation | Financial Statements Preparation
Municipalities and Other State-Owned entities
The services sought by municipalities and other state-owned entities are of paramount importance as they are also linked to service delivery. Often municipalities and other state-owned entities require professional support in the form of consultation and assistance with addressing audit issues raised by the office of the Auditor General.
This also includes advisory regarding accounting services to account for certain transactions. Other services like annual financial statements preparation & review, and asset management are also sought to ensure that the municipality complies with relevant reporting framework, and laws & regulations such as Municipal Finance Management Act (MFMA).
Non-employer firms
Without employees, these entities do not have many of the concerns usually found in larger businesses. However, the owners must be vigilant and protect their own tax liability and sort out how their personal and business tax returns intersect. These entities are generally buyers of tax preparation services. As they grow, this group becomes ripe for outsourced bookkeeping services before they can hire a full-time in-house bookkeeper. Even so, these entities will require audit or review services.
Other small businesses
Many of these businesses will have some in-house financial management and bookkeeping. However, they may be able to save money by outsourcing these services as they are not generally core to what the business seeks to do. These businesses may be comfortable with their situation as a cash producer for their owners or intent on growing or positioning themselves for sale.
Target market segment strategy
Sipho Chartered Accountants focuses on the “very small and large business” target group for its assurance and non assurance services. The type of employees whom these businesses would hire is generally students who have recently completed their degrees and those with experience in audit services. The company will offer training as documented in its quality control manual to uplift its employees to ensure they are competent either through outsourced or in-house training.
