Financial statements are formal records of a company’s financial activities and position as of the end of the financial year.
Annual Financial Statements
Financial statements are essential since they provide information about a company’s revenue, expenses, profitability, and debt.
Most importantly, financial statements are needed for preparation and submission of Statutory returns with SARS, CIPC, COID, just to mention a few, to remain compliant and obtain a Letter of Good Standing/Tax Clearance Certificate from these institutions.
12 months bookkeeping
Compilation of Trial Balance
Generating Annual Financial Statement (AFS)
Filing SARS Income Tax Return
Filing CIPC annual return
Tax Clearance Certificate
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