We provide a full suite of professional accounting, tax and advisory services for businesses.
If you are a business owner, an individual tax payer or a trustee looking for the services of a professional accountants and tax consultants, we can help you no matter what your business’s financial situation. If your accounting, financials or taxes are in arrears or are non-compliant, we can help you to get your books in order and achieve full statutory compliance.
We enhance the quality of management decisions and allow you to concentrate on your core business, through cost-effective outsourcing of accounting, secretarial, financial management, payroll and taxation.
It is well known that most businesses fail within the first five years, while many others fail later. Even though entrepreneurs may have good technical skills and/or marketing abilities. Why?
Business failure could more often than not be attributed to poor management – in particular:
Business people understand the relationship between costs of products/materials for resale, labour costs and sales revenue. They also accept the necessity of certain other costs like rent, telephones, interest, and equipment. But certain costs are often seen as “unproductive”, that is they produce no direct revenue, and hence should be kept to a minimum, and even postponed where possible. Such costs include:
Good accounting can save the day – precise financial planning and reporting should always be a cornerstone of any business. In difficult financial times, paying attention to accurate accounting and report monitoring on a monthly basis goes a long way to ensuring the financial well-being of the entity.
All too often, saving on vital accounting and administration costs exposes the business to future increased expenditure, as the cost of rectification far exceeds the cost of doing things right the first time. These additional expenses may include:
In this day of excessive regulation, business simply cannot afford to omit the costs of qualified and accounting services. Getting a professional to be a partner and catalyst of your business on an on-going, on-call basis works out to be a good value for money.
Fees in respect of professional services are based on time spent at competitive hourly rates which vary depending on the nature and complexity of the services required and range from R250 per hour for compliance services to R700 per hour for consultations, business services and value added services. Within certain circumstances, and at the sole discretion of the Service Provider, a fixed monthly fee can be arranged upon to include the A-Z function or various business services on request .It is common practice for the monthly fee to include or not the annual financial statements (AFS) based on client suitability. Income tax returns, payroll and company and close corporation CIPC services are some mandatory common services that can make up the service level agreed basket.
The following factors are taken into account when determining the final hourly rate:
Hourly rates increase annually on the 1st March
Paradigm Advisory is an accounting and tax firm registered with the South African Institute of Chartered
Accountants (SAICA) and a registered tax practitioner with SARS.
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