Yssel Auditors Incorporated

Innovation, Excellence & Integrity.

Our Services

* Accounting * Auditing * Taxation * Payroll * Curatorships.

Accounting.

We offer a wide variety of customised accounting services to meet your business needs across the board, to meet your highest standards.

Processing of bank transactions, sales and purchases invoices.
Invoicing to clients
Monthly or bi-monthly accounting to trial balance
Submission of VAT 201 returns
Submission of supporting evidence for VAT audits
Customer and Supplier statements
Assets registers and depreciation
Monthly management accounts with analysis
Management accounts preparation and sign-off
Financial statement preparation and sign-off
Accountant confirmation letters
BBBee compliance certificates for SME’s

Auditing.

With a deep understating of the importance of accurately audited financial statements to a business and its stakeholders, Yssel Auditors Incorporated delivers audit services with the utmost audit care and ethical standards.

We provide the most efficient and cost-effective service by understanding the business and its risks.

Statutory Audits.

Our statutory audit service process is based on understanding an entity, its risk analysis, evidenced corroboration and skilled professional judgment.

The audits are performed in terms of the Auditing Profession Act No. 26 of 2005 and is defined as the examination of, in accordance with prescribed or applicable auditing standards:

Financial statements with the objective of expressing an opinion as to their fairness or compliance with an identified financial reporting framework and any applicable statutory requirements; or
Financial and other information, prepared in accordance with suitable criteria, with the objective of expressing an opinion on the financial and other information.

Statutory auditing is an independent and objective assurance service which is designed to add value to your business.

Independent reviews.

Our Independent Review process is a limited assurance engagement where we perform primarily inquiry and analytical procedures to obtain sufficient appropriate evidence as the basis for a conclusion on the financial statements as a whole, expressed in accordance with the requirements of ISRE 2400 (Revised).

Independent reviews are not required for owner managed profit companies and close corporations but can be performed voluntarily if the public interest score is less than 350 and the financial statements are independently compiled, or if the public interest score is less than 100.

Compilation reviews.

The compilation report and reviews states that we did not audit or review the financial statements and accordingly does not express an opinion, a conclusion or provide any assurance on them.

A compilation is typically appropriate for Close Corporations and Management financial statements.

Taxation.

We will ensure all your legal requirements are met to the utmost standards. We can work alongside you at every stage of the process.

Our tax compliance services include:

Companies and Close Corporations.

Annual income tax return calculation and submission
Provisional tax Return Calculation and Submission (bi-annually)
SARS audit and queries handling
SARS objections
Tax clearance certificate
Tax planning, tax structuring and tax saving advice
Dividends withholding tax and returns submissions.

Individuals and Trusts.

Personal annual income tax returns
Income tax returns for Trusts
Provisional tax Return Calculation and Submission (bi-annually)
SARS audit and queries handling
SARS objections
Tax clearance certificate

Payroll.

No matter how small or large the organisation, your needs will be met with our payroll services.

Our services of payroll solutions includes:

Client setup, data capturing and company setup
Salary structuring
Recording of employee’s leave
Recording of overtime
Recording of loan accounts
Leave administration, e.g. annual leave
PAYE, UIF & SDL return calculation and submission: EMP201 Returns (monthly)
Payslips: electronic
PAYE employer reconciliations: EMP501 returns (bi-annually)
Issuing of IRP5 and IT3(a) certificates at tax year-end
Personal annual income tax return for employees
U-filing returns and forms
Letters of income.

Valuations & Consultations

Valuations

Company or Close Corporation’s valuation can be used to determine the fair value of a business for a variety of reasons, including sale or purchase of shares or members interest, establishing partner ownership, taxation, and even divorce proceedings.

This is an analytical process that takes into account various factors such as the company’s management, capital structure, projected cash flow earnings, and market value of its assets.

We use several methods to perform valuation, including the price-to-earnings (P/E) ratio, dividend discount model (DDM), and discounted cash flow (DCF) model.

Consultations

CIPC incorporation of new companies
CIPC company and close corporations’ detail amendments
CIPC Amendment to company directors and shareholders
CIPC Amendment to members and members interests of close corporations
CIPC annual returns preparation and submission
COIDA preparation and submission (Letter of Good Standing)
Structuring and re-structuring of businesses.

Curatorship.

Curatorship is a legal process where a curator is appointed to manage the affairs of a person who is no longer able to manage their own financial affairs or make well-informed decisions.
There are three types of curators that can be appointed: curator ad litem, curator bonis, and curator personae.
The appointment of a curator is done through a formalized procedure in the High Court.
The Master of the High Court supervises the administration of curatorship.