Our Services
Our services here at TimK & Associates include the following:
Accounting
Our team of expert accountants are not only here to help you with your books, but also to help your business grow sustainably.
Tax Advisory
Our tax practitioners are here to assist you with all your tax matters in order to help you stay compliant & stress-free.
Strategy Formulation
Boost your business with the right strategy, tailored to your specific goals & vision. Let us help you get ahead!
Business Valuations
Know the value of the business you are building. Our professional business valuations gives you the clarity & confidence you need.
Service Summary:
Our main focus is to provide our clients with sustainable tax compliance advisory, tax strategies that we equally assist the client to implement by ensuring that internal business processes are aligned to the tax strategy of the business. Our expert services will implement your tax strategy by focusing on:
- Compliance administrative services covering registration of different tax types such as VAT, PAYE and Customs
- Maintaining statutory accounting ledgers
- Business transactions processing that ensures a complete accounting cycle and accounting business information
- Accounts Payable and Accounts Receivable services
- Inventory services, fixed asset management, leases and loans management services
- Cash flow Management services
- Timely management accounts and reports
- Preparation of Annual Financial Statements to facilitate funding, business management, and ensure compliance
- Tax advisory on various business needs as import and export, transfer pricing, & withholding tax
- We are Committed to our clients Internal Processes efficiency and Growth
We are particular on analysing and optimising of internal business operations. By ensuring that these processes are strategically structured, Timk and Associates helps our customers to derive maximum value, foster enterprise growth, and manage operational costs effectively.
FAQ
1. How can we legally reduce our tax and increase profitability?
Your accountant and tax practitioner will know better how to maximize your tax benefits ethically and legally.
2. Why is our cash flow tight even though we are making profit?
Profit tends to be an accounting outcome rather than present reality for several factors, including timing of cash flows, for example your customers might delay paying you while the fact that you sold indicates a profit. Yet you still need to pay your suppliers earlier than your customers are paying you, etc.
3. Are we fully compliant and protected from financial risks or audits?
3. Compliance is an ongoing process, and to remain compliant and insulated from SARS verifications and audits you will need a highly competent team of accountants, especially with the increasing scrutiny that SARS is implementing on all taxpayers.
4. Can we afford to grow or expand right now, and what is the smartest way to do it?
Growth is a strategic matter of great importance. A growing business needs to be mindful of over trading constraints just as growth itself. Timing is key, and your accountant will best guide you in this regard.
5. What should we be doing today to increase the long-term value of our business?
Remain compliant, improve your internal processes and remain aware of industry trends and technological factors influencing your sectors and related industries.