6 minute read
Pilara Solutions – Tax solutions for start-ups and SME’s
Olebogeng Wagae, Founder of Pilara Solutions
Tax solutions for start-ups and SMEs
South Africa is a developing country with a lot of potential for SMEs to expand and play an integral role in achieving one of the best macro-economic climates in the world. Start-ups and existing small and medium businesses in South Africa are still lagging behind in terms of getting the best services, at the right price, and at the best possible time. It is for this reason that Pilara Solutions exists.
It is a requirement for any business in South Africa to be incorporated and to operate in compliance with the Companies Act 78 of 2008. This places a further obligation on the business owner to be compliant with SARS legislation and processes that can become a burden on start-ups and existing SMEs. Growing companies are often put off by the idea of spending a great deal of time training an individual to manage these responsibilities. Pilara Solutions fits the needs of these businesses and individuals as tax services are at the core of what it does.
Pilara Solutions, established in 2014 by Olebogeng Wagae, is a tax services firm which provides tax services, business and cost consulting services, accounting and payroll software sales and added services. Pilara solutions serves small businesses in South African communities in various industries.
The company does not exist to compete, but positions its services very carefully so that they are of extremely high quality, relevant, timely and accurate. These services are tailored to the clients’ needs so as to enable them to make the right decisions, in turn leading towards the growth of their companies and benefitting the overall economy.
Pilara Solutions sets out to narrow its target market to strategic sectors, namely, farming and mining businesses. It always strive for excellence in all aspects of business on its journey to become the most responsible corporate citizen in Northern Cape and South Africa.
Services offered by Pilara Solutions include: Accounting services: • Cost and margin analysis • Financial projections and modelling • Financial statement preparations
Bookkeeping services: • Payroll processing • Accounts payable (entry, bill paying) • Accounts receivable (entry, invoicing, deposits, collection) • Sales tax processing • Bank reconciliations • Inventory management
Secretarial services: • Companies and Intellectual Property Commission services, eg. company registrations, annual returns, company name changes, etc. Tax services: • Tax preparation (returns for both individuals and companies) • Tax clearance certificates/pins • T ax registrations (Individuals and companies) • Addressing tax problems (audit representation, back taxes owed, SARS issues) • V AT management • PAYE management
Pilara Solutions strives to be a company that can answer difficult questions facing our economy in South Africa, while providing: • the best products with the greatest ser vice possible • proactive and prudent advice combined with recommendations targeted toward helping businesses and individuals to better understand their financial needs and status, and • our clients with an experienced personal contact.
The company aims to deliver high-quality solutions that enable companies to meet their business goals more ef fectively. It is Pilara Solutions’ mission to improve and enhance the lives of those whom the company touches, by leveraging professional competence and by being relevant to all who are impacted. n
Multi-discipline audit firm offers high level of quality and assurance
Beraca Accountants and Auditors is a multi-discipline audit firm that was established in 1999 and has offices in Secunda, Sandton and Cape Town.
The managing partner is CJ Stokes, a registered auditor with the Independent Regulatory Body for Auditors and a chartered accountant registered at the South African Institute of Chartered Accountants (SAICA). He is also a registered member of the South African Institute of Tax Practitioners. Stokes has significant knowledge of the current challenges facing the business environment as he is representative at various committees, including committees at SAICA. He is currently serving as the Chairman of the Highveld District Committee at SAICA.
Beraca Accountants and Auditors is your one-stop service provider for accounting, auditing, consulting, statutory and secretarial inquiries, for individual as well as all business entities. Clients include listed entities and their subsidiaries, multinational corporations, non-profit entities including schools, private and public companies, as well as the general public.
Beraca Accountants and Auditors’ philosophy is to engage with its clients to assist them in decoding the complexities that they may face, develop a solution fit for business and assist them to implement and execute it.
Services include: Audit As registered auditors, Beraca Accountants and Auditors provide many levels of audit services, including reviews, compilations and agreed upon services. It also provides assurance to clients on their reporting about the financial performance of their operations. Clients are also assisted in adhering to regulatory requirements as part of the company’s wide range of attest and attest-related services. ‘Our transparent and consistent approach enables us to build confidence and trust with our clients, as they rely on us to assist them to manage their operations with integrity and report accordingly within the current regulatory environment,’ says Stokes.
Accounting Beraca Accountants and Auditors’ range of business accounting and business tax services allow it to attend to all of the regulatory reporting and lodgment requirements of a business. In addition to that, a dedicated accountant, supported by Beraca’s entire accounting team, can conduct regular reviews and analysis to provide the client with sound accounting advice and strategies which may assist the client to significantly improve their accounting practices and procedures.
‘This proactive approach ensures that any potential accounting opportunities for the business are promptly identified and are able to be appropriately leveraged to gain maximum results for your business,’ Stokes explains. ‘We can also assist you to maximise your wealth by legally minimising your tax, as well as integrating financial planning advice and assisting with budgeting advice and expense control,’ he adds.
Tax consulting services As independent tax consultants, Beraca assists business, individuals and organisations with tax strategy, planning and compliance on a local and nationwide basis.
‘Ongoing reforms in the tax regulatory environment and improvement in the tax collection ability of revenue authorities have elevated the tax function from a compliance issue to a business risk – a risk that could have a material impact on the results of a business or a specific transaction,’ Stokes comments.
‘We are also an associated member of the CORE group, whereby we can assist with financial solutions, BB-BEE consulting, secretarial services, training for executive teams, business development, trust and estate services and cloud accounting, to name a few of our specialities,’ he adds.
‘We believe that we are small enough to be nimble and effective, yet big enough to support any size entity with professional advice that is affordable and of a high level of quality and assurance.’ n
Beraca Accountants and Auditors W www.beraca.co.za
The accounting and audit firm where the future of accounting is NOW.
We are your multi-discipline service provider of choice for all your accounting, auditing, consulting, statutory and secretarial needs from a corporate to a non-profit to the individual.
Century City Cape Town Bekker Street Trichardt West Tower, 2nd Floor Nelson Mandela Square Maude Street Sandown Johannesburg
Coen Stokes Managing Partner
T: +27 (0) 17 638 0165 F: +27 (0) 17 638 0166 E: coen@beraca.co.za
