About Us

We are a multi-disciplinary company of Chartered Accountants providing a range of associated offerings to clients. We intention to grant goal and expert advisory offerings to personal and company clients, in particular concerning monetary planning and company requirements.

We center of attention on constructing relationships with our consumers and grasp their requirements. Our success in assembly their exacting wishes has made us an fundamental section of their enterprise as their outsourced monetary branch and no longer a critical overhead to meet regulatory requirements.

We recognize our client’s want for private service. We have structured our exercise to provide our purchasers the non-public interest they deserve, and our group is backed with the expert qualifications and sources to grant a optimum expert service.

Our strategic intent of presenting Financial Leadership Through Professional Excellence is the imaginative and prescient with the aid of which we measure our service. In each component of our business, from the offerings we provide to the recruitment of our staff, we proceed to create an entity quality capable to supply on this vision.

Our company fashion is each private and comprehensively geared to service:

We construct relationships with customers way past the entry tiers of excellent carrier and trust.
Our provider and recommendation are uncomplicated.
We gain the agreed outcomes for customers and provide them the peace of thinking of understanding that their monetary affairs are in correct hands.
We assume win-win and in so doing continually supply honest price to clients.
We take transformation very critically and this is underpinned by using a trust in the regular enchancment and improvement of our people.

Drafting of IFRS and IFRS for SME’s Compliant AFS.

The adjustments in the Companies Act law imply that you will want to make sure that you have IFRS or IFRS for SME’s compliant Annual Financial Statements that are organized through an unbiased and academically certified Accountant. It is essential to be aware that your Auditor may also no longer function each the statutory audit carrier and the guidance of the Annual Financial Statements for your entity if your entity is required to be audited in phrases of the Companies Act.

Or the place you are no longer difficulty to a statutory audit characteristic and you commonly put together your Annual Financial Statements internally, earlier than your Auditor or Accounting Officer starts the exterior annual evaluation of your Financial Statements, the 2008 Companies Act mechanically deems internally compiled Annual Financial Statements to be situation to a statutory audit. This is a pricey and needless statutory responsibility that can be prevented by way of attractive us to put together the Annual Financial Statements on your behalf.

Auditing
We provide a whole spectrum of statutory audit offerings for all entities in phrases of legislative requirements, or for a specific cause commissioned through the client.

Additional engagements encompass Attorney’s have confidence funds, Estate Agents have faith funds, one-of-a-kind reason audits, due diligence investigations, fraud investigations, interior audits and the contrast of structures of control.

We have significant journey throughout a range of industries which includes Retail, Service, Manufacturing, Financial Services, Information Technology, Advertising and recruitment industries.

Our significant associate and supervisor involvement on a private degree lets in us to tailor our offerings to the desires of our clients. We are capable to become aware of options and make a actual contribution to profitability and efficiency.

Do you require a statutory audit or a assessment function? Follow these effortless steps or contact us for assistance.

In our position as your B-BBEE consultant, we can proceed to help you with the collation of all the statistics to operate the verification engagements and your SANAS verification organization will attend to the verification necessities and certificate. The Amended Codes require lots greater certain planning and documentation and we are now in a position to keep your hand thru the procedure to gain the first-rate viable ranking for your company.

We had been very proud to have been one of the first auditing companies in the Western Cape to have been approved to furnish verification offerings and trouble compliant B-BBEE Scorecards.

However, due to the withdrawal of the Independent Regulatory Board for Auditors’ (IRBA) from the Regulation of the Broad-Based Black Economic Empowerment (B-BBEE) verification industry, we will no longer be issuing B-BBEE certificates after 31 December 2016. This does no longer have an effect on the Affidavits that we fee for Exempt Micro Enterprises (EME’s) and black-owned Qualifying Small Enterprises (QSE’s).

We are now even higher placed to aid you in our position as your B-BBEE verification guide to obtain the fine viable rating. This consulting provider is now not allowed to be supplied via the SANAS verification corporations who will now be signing all B-BBEE certificates so you will want us extra than ever!

As your auditor or accounting officer, our expertise of your enterprise will enhance the efficiencies of your verification procedure which will beautify the fee of your ranking for your business. We are capable to streamline your verification procedure based totally on the statistics we have on report for your business.

By the usage of us to maximise your B-BBEE status, you will be in a position to:

Provide a aggressive part unbiased of your organisation’s size,
Encourage giant businesses to make investments in a compliant company,
Assist in unemployment and poverty in the lengthy term,
Apply for tenders and,
Showcase your B-BBEE stage in your advertising and marketing material.
And, don’t forget about to take gain of our different BEE fee choices that include:

Regular publication and weblog updates of what you want to understand to make certain that BEE works for your business.
Free updates on new trends and traits that supply you with planning possibilities for your business.

Business Consulting
With the shift to extra human beings beginning their personal agencies and the ever-real opportunity that the assignment may want to fail, we are capable to put together feasibility research and provide recommendation and coaching on how to make certain that the undertaking will succeed.

We provide a complete consultancy carrier to help you in all of these areas, including:

Structuring of the business
Compiling a enterprise plan
Performing a valuation of the business
Choosing and forming the suitable entity
Computer requirements
Presenting significant administration bills and analysing them in opposition to comparable operations at some stage in the preliminary boom section of the business
Offering recommendation on franchising opportunities
Assisting in acquiring finance
Reviewing the applicability of Government Grants

Business Rescue
Our Business Rescue (BR) offerings and testimonials
The Companies Act 2008 delivered the idea of Business Rescue to the South African commercial enterprise surroundings with its promulgation on 01 May 2011.

The intention of the legislators was once to grant a mechanism which would enable corporations in economic misery to alternate into a lengthy time period solvent function below the safety of Business Rescue.

This rules is in line with comparable Acts in Europe and America, which have been used to exquisite success in these jurisdictions.

MD has regarded the effective safety afforded, which, when utilized correctly, need to be to the first-rate benefit of a distressed company’s employees, lenders and different stakeholders.

As MD has for many years supplied valued commercial enterprise consulting and carried out severa turn-around strategies, we realised that the association had the core advantage to add actual cost in this process.

Subsequently, Dave Rich has been appointed as one of the First Business Rescue Practitioner’s in the Western Cape and is capable to help financially distressed companies with the above.

The position of the Business Rescue Practitioner (BRP) is to take-over the administration of the affairs of a distressed company. This entails enforcing strategic initiatives to enhance and maximise monetary profitability and sustainability and add price for all stakeholders involved, while warding off non-public and crook legal responsibility issues for the Directors and stave off liquidation proceedings.

The BRP would grow to be involved, (non-exhaustively), in the following elements of the company’s things to do and management:

Management of the affairs of the business enterprise (effectively taking on the position of the Managing Director for the length of the process);
Financial review;
Cash drift forecasting;
Negotiation with creditors;
Agreement opinions e.g. leases;
Assisting in superb commercial enterprise structuring;
Communications with regulatory authorities to negotiate agreement figures;
Monthly accounting;
Advising purchasers buying and selling below bancrupt stipulations related to their liabilities and income strategies.
The responsibilities and obligations of the BRP are each laborious and difficulty to normal reporting to the stakeholders. It is our opinion that Business Rescue presents a a ways extra attractive cease end result for all stakeholders than the solely choice being liquidation with the excessive non-public legal responsibility implications connected to Directors.

It have to on the other hand be referred to that Business Rescue need to now not be seen as a last resort, however as a substitute as a approach to make certain that an Enterprise flourishes.

By getting into Business Rescue at too late a date, the opportunity of a profitable effect is very limited.

At MD, we passionately trust that beneath the proper situations we can make a big distinction to distressed agencies via our appointment as Business Rescue Practitioner.

To discover further, please contact Dave Rich.

Licensed Business Rescue Practitioner
February 2016
Dave Rich additionally seems on the CIPC and SAICA web sites as keeping a present day Senior BRP Licence.

Business Rescue Testimonial
Brian Isham: Member of Bermar Hydraulics CC
16 October 2013

“Business Rescue”, when Dave Rich of MD Accountants first stated these phrases to me my belly sank and I felt the begin of a serious reflux attack. I had left matters a little late, believing that I may want to retailer this issue myself and was, as usual, wrong.

There are, to our mind, two factors to Business Rescue. The enterprise element and the private aspect. Having misplaced cash a few instances when clients of ours had liquidated we didn’t choose to be the ones that did this to any individual else and it took a whilst for us to be satisfied that we had been appearing in the first-rate pastimes of our suppliers via going into Business Rescue. Dave and his crew talked us via the manner in a way that we got here to comprehend that this was once now not solely the quality choice for our suppliers, however for ourselves and our team of workers as well. That’s the private aspect, coming to phrases with your very own failure and being in a position to admit it. If you can do that, the relaxation is easy.

The commercial enterprise issue is MD Accountants’ child and they confirmed authentic parental caring and compassion blended with a equity to all attitude. To limit costs they roped us in for the donkey work and guided us each and every step of the way, having us document day by day on genuinely everything. It was once challenging work, however it made us sense section of the entire manner and gave us a deep appreciation of it.

Today, 4 months later, we are running from a superb cash base and enterprise hasn’t been this true in years. The stress and concerns are for the most phase long past and we can pay attention on making cash again. Our relationship with our suppliers is precise and most of them have proved to be fantastically supportive. We come out of Business Rescue in a weeks’ time and get to stand on our very own two ft again, a sparkling start, with know-how that will forestall us from making the identical errors again.

MD Accountants had been professional, usually on hand with guide and handled us as humans now not simply every other client.

Dave has my permission to disclose my corporations and my identify and phone wide variety to absolutely everyone who is in reality in want of this kind of help. I am completely happy to inform you that the mild at the quit of the tunnel is the torch that MD Accountants is retaining out to you.

Thank you MD Accountants Team.

Brian

Company & Trust Compliance
We provide a extensive range of Company Secretarial services, including:

Formation and registration of groups and trusts
Registrations for VAT, PAYE, Workmen’s Compensation and UIF
Trust statutory administration
Company and CC title modifications and reservations
Change of Shareholders and/or Members
Preparation and submission of statutory documentation to the CIPC
Sale of shelf companies
Change of economic 12 months ends
Alterations to Memorandum of Incorporation
Preparation of different Minutes and notices
Conversion of the reputation of a company, as nicely as deregistration with the CIPC
Statutory Audits
Preparation and submission of CIPC Annual Returns
Preparation and protection of PAIA Manuals

Estate Planning
Estate planning entails making use of the legal guidelines of property, trusts, wills, future interests, insurance plan and taxation to shape your affairs for your most gain and enjoyment, and to make certain that your household is cared for at some point of your lifetime and after your death.

We provide a complete consultancy carrier to help you with all of these areas, including:

Identifying your needs
Drafting of a will
Forming and administering inter vivos or testamentary trusts
Administering your estate
Acting as executors or as dealers of nominated executors
Calculating your property responsibility liability
Planning the liquidity of your estate
Retirement & Estate Planning – Objectives:

Ensure your affairs and belongings are ordered in the most efficient and wonderful way so you can experience them all through your lifetime. And on your death, every time that might also occur, your household will proceed to revel in the most gain from your estate.

Focused Project Audits
Did you understand that MD presents value-add centered undertaking audits which are advisory in nature and are normally carried out at the precise request of our clients. Governance and compliance troubles proceed to be complicated enterprise challenges. Increased accountability and achievable publicity to legal responsibility potential that Directors want to make sure that sturdy compliance administration structures are in place.

Our method combines an evaluation of the statutory compliance structures collectively with a systematic evaluation of the effectiveness, efficiency, and economic system of the operational structures and techniques which can assist to make certain compliance and sound company governance. A structures audit is a future-oriented, systematic, and impartial contrast of the organisational activities.

Focussed undertaking audits store time and money, whilst at the identical time minimising the ultimate engagement audit risk. Let us information you about your necessary commercial enterprise risks, aid you with the implementation of superb controls and compliance processes, discover higher practices, decrease the value of operations, and recognize enchancment opportunities.

Forensic Consulting
We have direct trip and know-how in the evaluation of structures and accounting information, enabling us to analyse and aid you in figuring out crook exercise in your organisation.

We have undertaken distinctive analyses of issues encountered and have correctly seemed as specialist witnesses in litigation disputes.

Other Services
We are at once or indirectly, thru our great community of alliances, capable to grant the following services:

Corporate Treasury
Through our alliances, we can negotiate preferential hobby fees on your behalf.

Human Resources
Due to the adjustments in the labour legislation, the complicated and specialised nature of using staff, and the accelerated want for equal worker representation, businesses are cautious about using staff.

We provide a complete consultancy provider to help you in all of these areas, including:

Payroll Services
Policies and Procedures
Employment Contracts
Employee Incentive Schemes
Salary Structuring
Employment Equity Compliance
Staff Recruitment
Investments
Through our alliances with a number of economic institutions, we are in a position to aid you with the comparison and restructuring of your neighborhood and overseas funding portfolios to make certain the most effectiveness of your investments.

Payroll
Streamlining commercial enterprise efficiencies by means of outsourcing your agency payroll will no longer solely be fee superb and free up valuable core manpower time, however will help with the ever altering and complicated Tax Legislation (for Employee’s tax Purposes) with the aid of making sure your organization payroll is compliant and correct in all elements of the Tax law.

We can aid you with all factors of outsourcing payroll including:

Processing of month-to-month salaries and weekly wages
Salary structuring and excessive stage remuneration analysis
Leave administration
Preparation of digital switch archives for charge of employee’s internet salaries
Standard reviews for month-to-month and annual statutory necessities (including month-to-month EMP201 return, digital UIF submission and annual Workmen’s Compensation/OID)
Full mid-year and year-end tax reconciliation offerings (EMP501 reconciliation) along with annual IRP5 tax certificates and practise of SARS Easyfile reconciliation file for submission
Assistance with tax directives – Commission earners or Gratuity/retrenchment purposes

Personal Planning
We are in a position to aid you with compiling non-public budgets to attain your monetary goals. At the equal time thru our tax, insurance, funding and property planning capabilities, we are in a position to assist you map your economic future, assured in the know-how that you have a group of dedicated experts helping you.

Retail

Retail Management Consultants (known as RMC)

RMC offerings the Retail and Hospitality Industries at large, with a precise focal point on the Voluntary Trading and Franchise areas. The crew affords a complete Management Consulting service, specialising in operational structures and monetary controls, to make sure that their customers are usually in the function to make essential administration selections timeously, primarily based on the precisely supplied information.

In addition, the organisation focuses on the set-up of new ventures thru the indispensable first yr of trade. Its success is dramatically illustrated with the aid of the reality that the Voluntary Trading Group accountable for possibly the easiest turnover in this area has retained RMC’s offerings for all new shops in their first three months of trading, and has granted the employer extraordinary dealer status.

Besides its expert accounting staff, the organization enjoys the offerings of incredibly skilled operational and monetary consultants.

Taxation
Due to the ever altering and increasingly more exhausting necessities of the Tax Legislation, the environment friendly and tremendous administration of your tax affairs has end up greater and extra important.

We can aid you with all components of taxation, including:

Personal tax
Corporate tax
International tax planning
Property tax planning
Employees’ tax (PAYE)
Capital Gains Tax (CGT)
Donations tax
Income tax
Estate duty
Residence based totally tax
Expatriate tax
Employee share incentives
Exit planning
Business valuations
Payroll bureau offerings

Get full information and opportunities here