Management accounting and management consulting often go hand in hand. Lets look at how we do it.
First lets understand what these services are and how they can be used to grow your business...
WHAT IS FINANCIAL ACCOUNTING
The purpose of financial accounting is to prepare financial reports that provide information about performance to external parties such as investors, creditors, and tax authorities.
Examples of financial accounting includes bookkeeping and the resulting reports - Trial Balance, Income Statement, Balance Sheet and the Annual Financial Statements.
This is the accounting that we all know.
WHAT IS MANAGEMENT ACCOUNTING
Managerial accounting is the process of identifying, measuring, analysing, interpreting and communicating information for the pursuit of an organization's goals. Also known as cost accounting. The main difference is that this information is confidential and is not reported externally.
This is the secret sauce that makes the business unique, that you don't want your competition to know about. This information is reported internally to the business owner and decision makers only.
Examples of management accounting reports are budgets, forecasts, and cost & profit analysis. These are things that would not show up in your Trial Balance, but will be used to make decisions about whether a certain product or service is worth your time and investment.
WHAT DO MANAGEMENT CONSULTANTS DO?
Management consultants help businesses improve their performance and grow by solving problems and finding new and better ways of doing things. Business coaching would fall into this category.
We Provide the Following Consulting Services for Small Business and Entrepreneurs
1) Assistance with business proposals and professional profiles.
2) Writing or improving the business plan with the intention of getting venture capital or bank / investor finance.
3) Financial projections that can be used in your business plan.
4) Assistance with applications for finance.
5) Deep dive into the causes and possible solutions to business problems.
6) General business strategy advice
DO YOU WANT TO PAY LESS TAX?
LETS SEE HOW TAX CONSULTING CAN HELP
At Allsectors Business Consultants, we’re very enthusiastic about reducing your taxes and we explore every allowable tax deduction and tax break that may apply to you and your business.
Unlike many other tax practitioners, we don’t simply submit your tax return – we do a complete tax consulting analysis so you don’t pay a cent more than you have to.
At Allsectors Business Consultants, our tax experts have saved our clients hundreds of thousands of Rand a year in tax that is legally and ethically avoidable, using simple tax management strategies.
Our tax practitioners will save you time and ensure your tax returns are done accurately.
OUR TAX CONSULTING SERVICES
INDIVIDUAL TAX RETURNS
Calculation and submission of the ITR12 - personal income tax returns
Calculation and and submission of IRP6 - Provisional tax returns
Dealing with disputes, tax audits and other queries from SARS
Salary structuring and advice
COMPANY TAX RETURNS
Calculation and submission of the ITR14 - corporate income tax return
Dealing with SARS queries like objections, assessments & disputes
VAT audits, checking and corrections if errors are found
Payroll taxes - PAYE, UIF and SDL
TAX ACCOUNTING
For any and all tax queries, our qualified and experienced tax practitioners can assist you with advice and solutions.
The best way to manage you tax is to have good bookkeeping and accounting services on a monthly basis, and then pro-actively adjust as you go.
Keeping your accounts up-to-date, accurate and reliable, and providing you real time access to see your financial information online at any time.
Keeping you out of trouble with SARS while claiming every allowable expense and VAT input to reduce your tax payable.
WHAT MAKES US DIFFERENT (BETTER?):
How do we set ourselves apart from the herd?
NO LENGTHY CONTRACTS
Contracts that tie you in for a year or two don't make sense anymore. Clients should stay with us because we give good service and not because of a contract that binds them to a single provider. We are confident of our service & results.
PROVEN SERVICE MODEL
Not only have we been trained at established audit and accounting firms. We know what works from personal experience. And we stay up to date through continued professional development.
FLEXIBLE PRICING
Our pricing model has evolved in line with the needs of our clients. Your business has unique requirements, which is why we have more pricing options than other firms. You should not have to pay for a "bundle of value" that you don't need.
Management accounting and management consulting often go hand in hand. Lets look at how we do it. First lets understand what these services are and how they can be used to grow your business...
WHAT IS FINANCIAL ACCOUNTING
The purpose of financial accounting is to prepare financial reports that provide information about performance to external parties such as investors, creditors, and tax authorities.
Examples of financial accounting includes bookkeeping and the resulting reports - Trial Balance, Income Statement, Balance Sheet and the Annual Financial Statements.
This is the accounting that we all know.
WHAT IS MANAGEMENT ACCOUNTING
Managerial accounting is the process of identifying, measuring, analysing, interpreting and communicating information for the pursuit of an organization's goals. Also known as cost accounting. The main difference is that this information is confidential and is not reported externally.
This is the secret sauce that makes the business unique, that you don't want your competition to know about. This information is reported internally to the business owner and decision makers only.
Examples of management accounting reports are budgets, forecasts, and cost & profit analysis. These are things that would not show up in your Trial Balance, but will be used to make decisions about whether a certain product or service is worth your time and investment.
WHAT DO MANAGEMENT CONSULTANTS DO?
Management consultants help businesses improve their performance and grow by solving problems and finding new and better ways of doing things. Business coaching would fall into this category.
We Provide the Following Consulting Services for Small Business and Entrepreneurs
1) Assistance with business proposals and professional profiles.
2) Writing or improving the business plan with the intention of getting venture capital or bank / investor finance.
3) Financial projections that can be used in your business plan.
4) Assistance with applications for finance.
5) Deep dive into the causes and possible solutions to business problems.
6) General business strategy advice
DO YOU WANT TO PAY LESS TAX? LETS SEE HOW TAX CONSULTING CAN HELP
At Allsectors Business Consultants, we’re very enthusiastic about reducing your taxes and we explore every allowable tax deduction and tax break that may apply to you and your business.
Unlike many other tax practitioners, we don’t simply submit your tax return – we do a complete tax consulting analysis so you don’t pay a cent more than you have to.
At Allsectors Business Consultants, our tax experts have saved our clients hundreds of thousands of Rand a year in tax that is legally and ethically avoidable, using simple tax management strategies.
Our tax practitioners will save you time and ensure your tax returns are done accurately.
OUR TAX CONSULTING SERVICES
INDIVIDUAL TAX RETURNS
Calculation and submission of the ITR12 - personal income tax returns
Calculation and and submission of IRP6 - Provisional tax returns
Dealing with disputes, tax audits and other queries from SARS
Salary structuring and advice
COMPANY TAX RETURNS
Calculation and submission of the ITR14 - corporate income tax return
Dealing with SARS queries like objections, assessments & disputes
VAT audits, checking and corrections if errors are found Payroll taxes - PAYE, UIF and SDL
TAX ACCOUNTING
For any and all tax queries, our qualified and experienced tax practitioners can assist you with advice and solutions.
The best way to manage you tax is to have good bookkeeping and accounting services on a monthly basis, and then pro-actively adjust as you go.
Keeping your accounts up-to-date, accurate and reliable, and providing you real time access to see your financial information online at any time.
Keeping you out of trouble with SARS while claiming every allowable expense and VAT input to reduce your tax payable.
WHAT MAKES US DIFFERENT (BETTER?):
How do we set ourselves apart from the herd?
NO LENGTHY CONTRACTS
Contracts that tie you in for a year or two don't make sense anymore. Clients should stay with us because we give good service and not because of a contract that binds them to a single provider. We are confident of our service & results.
PROVEN SERVICE MODEL
Not only have we been trained at established audit and accounting firms. We know what works from personal experience. And we stay up to date through continued professional development.
FLEXIBLE PRICING
Our pricing model has evolved in line with the needs of our clients. Your business has unique requirements, which is why we have more pricing options than other firms. You should not have to pay for a "bundle of value" that you don't need.