BVK Professional Accountants | Accounting Services

BVK Accounting Services

BVK - Chartered & Professional Accountants provide clients, with a full range of accounting services, for small and medium-sized businesses within the Mbombela region of South Africa.

That said, we encourage you to contact us for customised services and quotations.

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The importance of
Accounting Services

It is of paramount importance, for small, and medium-sized businesses, to know and understand the importance of professional financial record-keeping.

In so many instances, business owners do not assess their businesses' performance and growth; unfortunately, this has led to unexpected business failures and closures in South Africa.

With a professional accounting firm, which uses a dedicated software system, you can accurately measure the actual performance of your business and identify key areas of improvement.

By law, companies are required to prepare Annual Financial Statements according to reporting standards. i.e., International Financial Reporting Standards (IFRS) or International Financial Reporting Standards for Small to Medium-sized entities (IFRS for SMEs) and keeping certain tax records for 5 years.

With an accounting firm like BVK by your side, we can help you to always be compliant – from recordkeeping to filing your taxes and annual returns.

Frequently asked questions

Yes, we do at an additional cost. Contact us for a quote.

Dext is a software application that allows business owners and accountants to electronically capture and store receipts, invoices and other supporting documents that a business depends on, to ensure they keep accurate and secure financial records. Dext removes the hassle of manual entry and is a way to saves time, as well as the obligation to invoices and slips. Dext integrates with SAGE, QuickBooks and Xero. Contact us to find out more information regarding this system.

You can’t, there is currently no requirement for an individual to register as a sole proprietor.

This is a common question, and the answer depends on the specific circumstances of each individual. Book a consultation to discuss your circumstances.

As a general response, if you are the only party involved, the property should be purchased in your own name. There are however individual circumstances which will result in a different answer. We only recommend purchasing a property in a company if you are purchasing with other parties. You will need to understand the tax implications of purchasing property in a company, which are significant. Book a consultation to discuss your circumstances.

Many small and mid-sized businesses fail to adequately measure and manage their finances, even though poor financial management is a major cause of business failure. If you don’t have good financial practices in place, your business could suffer in a number of ways:

  • Lost revenue
  • Insufficient tax planning
  • Missed financial opportunities
  • Penalties and fines
  • Closing your doors

We primarily use Sage Online. That being said, we will work with other systems depending on your preferences and needs.

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BVK Chartered & Professional accountants understand the business needs of SMEs and are ready to help you with our affordable accounting services.
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Other services we offer
Your Tax Deadlines for November 2023:
7 November - Monthly Pay-As-You-Earn (PAYE) submissions and payments
29 November - Excise Duty payments
30 November - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable