Recording your businesses transactions accurately and timeously. Reporting in a manner that is understandable and allows you to make informed decisions to manage your business effectively.
Preparation of Annual Financial Statements that are compliant with International Financial Reporting Standards.
CYL uses the best in breed payroll software to process salaries and wages to client requirements. The payroll software complies fully with the requirements of the South African Revenue Service and ensures that employees are correctly taxed in terms of tax legislation and employees are paid accurately and timeously.
We undertake detailed reviews against the King Code of Corporate Governance and produce a gap analysis with recommendations. The engagement includes review of structures implemented to ensure the effectiveness of leadership by the Governing Body.
Audit and Independent Review
We utilise the latest auditing software to expedite the audit process. Whilst our audits are structured primarily to verify the information contained in the financial statements and thereby provide the basis for reporting to shareholders, we also strive to provide management with appropriate comments on the accounting and other systems currently in use and suggestions for the improvement thereof.
VAT, PAYE, Provisional and Annual Tax returns compiled and submitted to SARS. Workman's compensation returns submitted to the Compensation Fund. Tax advice and estate planning that legitimately reduce your business’s tax exposure within the ambit of the legislation.
Company secretarial services that include formation, amendments, maintenance of statutory records and submission of annual returns to CIPC.
Winding up of companies aligned with legislation that is equitable to all stakeholders.
Organisations now realise that an effective internal audit unit will have a positive impact on the risk management and operation of the entity. We assist with the conduct of internal audit activities including the annual planning, execution of the internal audit plan, and reporting to management and the Audit Committee. We assist with the preparation of an Internal Audit Universe which provides the entity’s internal audit unit with the strategic guidance required to commence the three year internal audit reviews.
Effective risk management within an organisation is one of the many building blocks to creating sustainable growth. Business critical risks include strategic, operational, financial and regulatory. The challenge most businesses face is identification of these risks. CYL facilitates strategic risk workshops to identity and assess the risks facing your entity. We assess the overall control environment and identify deficiencies in systems and processes that may put an organization at risk.
Strategy and leadership. Positioning your business for growth. Ensuring that your business is future proofed and empowering your leaders to take your business to the next level. Business turnarounds and profitability maximization. Out-of-the-box thinking which is geared towards enhancing the growth of a business and producing the best return on your investment.