About iFama
Irrespective of size, any business and its stakeholders need reliable financial information. In bigger businesses the information is compiled in-house. Small and medium size enterprises normally outsource this function to their auditors as and when required. In most cases, this is only done when a financier, investor or SARS have requested so, however the analyzing and interpretation of the data does not always get the attention it should. From recent financial articles the providers of capital experienced the following problems: Financial statements do not always give a true picture of the business because of different financial policies.
In some cases, a conflict of interest between management and the providers of capital has an effect on the credibility of the financial information. Providers of capital (financiers and shareholders) have a need for an objective evaluation of a business with early warnings of possible financial problems.
iFAMA is well positioned to provide in these services in an unbiased way because we are an independent service provider with experienced personnel and a well-established network of associates.
Tax & Legal
To make sure your business stays compliant with the South African Revenue Service we complete your various tax returns in a timely manner and submit it via e-filing on your behalf. We also complete tax returns for individuals, directors, small business owners, sole proprietors and any legal entity who is required to submit a tax return. We prepare and process all SARS submissions as well as all Statutory requirements.
Financial Reports
Provision of monthly, quarterly or annual financial information and reports customised to answer to your needs.
Administration
Good financial control starts with good transaction recording. iFama can record all business transactions on behalf of our clients in an accounting system. This includes from bank reconciliations to general ledger journals to generate an accurate trial balance for financial statement purposes. Accurate processing of your transactions is extremely important to us.
Financial Analysis
The experienced team of iFama can assist you with the analysis of business financials for you to be able to make informed decisions about projections, capital expenditure, etc.
Financial Procedures
iFama is experienced in drawing up financial procedures and controls suitable for your business, complimenting your day-to-day attention to your business activities. We can also assist you in maintaining these procedures and control.
Viability Studies and Planning
iFama can assist you with financial planning, including annual budgets, cash flow projections and financial performance analysis. Viability studies will take most of the guess work out of new ventures or developments and give you the assurance that you are moving in the right direction with your business.
