Tax Legacy Accountants is a registered accounting firm, registration no. 2017 / 295838 / 07, with professional accountants and tax specialists who are registered with various accounting professional bodies. We offer professional accounting, tax,payroll and business advisory services.
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What kind of accounting services do you provide?
Debtor and creditor reconciliations and statements
Capturing of sales and purchase invoices
Capturing of bank statements
Reconciliation of all accounts, including bank statements
General ledger maintenance
Preparation and interpretation of management accounts
Preparation of financial statements
Why is it so important for businesses to hire a great accountant?
Tax Legacy Accountants was founded by Mr. SJ Chiromo in 2017 after discovering that most small and medium businesses in South Africa do not acknowledge the value for the services they acquire from their accountants, because most Accountants do not focus on providing services valued by their clients. Hence Tax Legacy Accountants fills this gap by adopting the value-based pricing.
What do you love most about your job?
We maintain professionalism in any service we provide.
What inspired you to start your own business?
Besides having qualified professional Accountants and tax specialists, Tax Legacy Accountants also comprise of entrepreneurship experts who provide entrepreneurial advices to small and medium businesses to support their growth and sustainability. Our research reveals that most South African small and medium businesses are victims of SARS tax fines and penalties, because they are lagging behind in acknowledging the importance of having a qualified tax practitioner or accountant to run their bookkeeping and tax affairs. If you are one of them or you see yourself being in this situation, we suggest you use Tax Legacy Accountants’ services without hesitation. Our assurance is that our legacy is your armour as we manage and restructure your tax and financial affairs.
Why should our clients choose you?
Tax Legacy Accountants is a registered accounting firm, registration no. 2017 / 295838 / 07, with professional accountants and tax specialists who are registered with various accounting professional bodies. We offer professional accounting, tax,payroll and business advisory services. Our mission is to ignite our legacy by providing professional services valued by our clients.
Can you provide your services online or remotely? If so, please add details.
ax Legacy Accountants is a registered accounting firm, registration no. 2017 / 295838 / 07, with professional accountants and tax specialists who are registered with various accounting professional bodies. We offer professional accounting, tax,payroll and business advisory services. Our mission is to ignite our legacy by providing professional services valued by our clients.
What changes have you made to keep your customers safe from Covid-19?
ax Legacy Accountants is a registered accounting firm, registration no. 2017 / 295838 / 07, with professional accountants and tax specialists who are registered with various accounting professional bodies. We offer professional accounting, tax,payroll and business advisory services. Our mission is to ignite our legacy by providing professional services valued by our clients.
Bookkeeping and Accounting
We prepare our financial reports and financial statements in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities and the requirements of the Companies Act of South Africa, while complying with relevant ethical requirements, including principles of integrity, objectivity, professional competence and due care.
Tax services
Our team consists of tax specialists with in-depth knowledge of both South African and international tax laws and regulations. They also have practical skills and competencies on tax planning and strategies for optimizing tax liability. Our Chief Executive Officer, Mr SJ Chiromo holds Master of Commerce Degree in Taxation from Rhodes University. He has been conducting various research studies on taxation for businesses, tax planning and successfully handling SARS’ objections and appeals on behalf of clients.
We provide a variety of tax services which include:
Tax on income (including provisional tax)
Capital gains tax (CGT)
Value added tax (VAT)
Employees tax (PAYE)
Dividends tax
Skills development levies (SDL)
Unemployment insurance (UIF)
Tax Clearance Certificate
Tax Registrations
UIF Registrations
Payroll services
Our payroll experts manage all payroll requirements including communications with SARS, ensuring your business remains compliant. Our payroll system is compliant with SARS and the South African labour regulations.
We have advanced payroll system to offer professional payroll services. These services include:
Pay slips preparation
Monthly payroll reports
Submission of monthly and bi-annual PAYE returns to SARS
Submission of monthly returns to the Department of Labour
Submission of employment equity reports to the Department of Labour
Online Payroll Solutions
Business Advisory services
The growth and sustainability of small and medium businesses mainly depend on how informed the owners or directors are about the strategic direction of their businesses. This requires qualified and competent entrepreneurial advisor for the business to achieve its competitive advantage. The Chief Executive Officer of Tax Legacy Accountants, Mr. SJ Chiromo holds Master of Commerce Degree in Entrepreneurship, in addition to his accounting and tax qualifications, and he is currently pursuing PHD in Business Management Studies at UNISA. He conducted various research studies on entrepreneurship and published in various research journals. His entrepreneurial expertise has allowed him to provide successful turnaround strategies to various businesses in South Africa.
Our business advisory services include:
Identification of viable business opportunities,
cash flow management,
management of business risks,
fostering business creativity and innovation,
business plan,
forecasts and budgetary services,
formulation of business strategies,
Business Plan And Company Profiles
We also prepare high- quality company profiles structured in such a way that they attract the readers to read through the entire profiles. We use high quality attractive images related to your business. Our profiles are precise and only include relevant information. We focus on quality rather than quantity.
We prepare business plans for our clients based on market research. Hence these business plans are feasible for providing business direction to the directors and attracting business investors. The feasibility of the financial projections is assured as we prepare these business plans based on actual market research rather than just estimations. Whether you want to use your business plan for the application of funding, our business plans meet the requirements of most lending institutions such as banks.
Issue Report Of Factual Findings For Business Visa Application
Are you a foreign nation and want to establish a business in South Africa? After meeting all the immigration requirements, you will be obliged to produce a report of factual findings for your financial status. You will have to obtain this report before applying for business permit at Home Affairs. We have qualified Immigration Accountants who issue such reports.
We performed the procedures with respect to the application of a business visa in terms of sections 14(1)(a) and (2)(b) of the Immigration Regulations (as amended) under the Immigration Act, No. 13 of 2002. Our engagement is undertaken in accordance with the International Standard on Related Services (ISRS) 4400, the Code of Ethics for Professional Accountants and the International Standard of quality Control.
