SERVICES
 

Our services are designed with your company’s best interests in mind. We will be happy to tailor-make a package that best suits the needs of your business. We have gained extensive knowledge in both the local and international markets and provide advice and assistance on all of the following services:
 

• Assurance Services
 

     - Indirect Tax Services (VAT)
 

• IFRS Advice Desk

• Accounting and Financial Statements Preparations Services

• Payroll Services

• Professional Training Solutions

Assurance Services
 

Our Audit and Assurance Department ensure that companies provide accurate financial information to shareholders and third party users. We help to ensure that companies manage financial risk effectively and provide recommendations on any areas where improvement is required.
 

Services Offered Include:
 

• Provision of Statutory Audit for South African registered companies

• Preparation of Financial Statements in accordance with International Financial 

• Reporting Standards (IFRS’s)

• Audit reports in accordance with International Standards on Auditing (ISA’s)

• Preparation of Consolidated Financial Statements 

• Preparation of Financial Statements for Non-Profit Organisations, Trusts, 
Schools and Sole Proprietors 

 

Direct and Indirect Tax Services
 

Direct Tax Services:
 

Global Commerce provides professional tax assistance in the form of guidance, advice, planning, etc to ensure that companies comply with all regulations surrounding tax in their jurisdiction.

 

For companies, assistance is provided in the following areas:
 

• Tax planning of international business companies
 

• To companies wishing to obtain a tax ruling from the Commissioner of Income Tax in order to ensure effective use of companies within their group structures

For personal tax matters, assistance is provided in the following areas:

• Personal taxation applicable in South African based on the applicable South African Taxation Law

• Obtaining Tax Residence Certificates for companies and individuals

• Regarding the issue of Certificates by the Income Tax Authorities and the Socials Insurance Departments

• Administrative reports

Global Commerce offers services in relations to indirect tax services (VAT) in accordance to the applicable South African Laws. We offer advice on the treatment of income and expenses to ensure that all necessary laws are adhered to.

We provide the following assistance:

• Assist companies to obtain a VAT registration number within a short space period of time

• Assist companies to obtain a VAT group registration when applicable

• Assist companies to obtain, prepare and submit all necessary return forms in accordance with legal requirements

• Assist companies with all administrative duties associated (such as payment of applicable taxes and all relevant paperwork involved)

Our Accounting and Financial Department assists in the preparation and maintenance of accounting records in accordance with the VAT legislation.

Financial Services and Compliance
 

Global Commerce’s Financial and Compliance Services aim to provide services to companies that will enable them to use the strengths of their organisation (Company Valuation) and complete business deals (Feasibility of new ventures; valuation of target companies) while ensuring that they are in compliance with specific legislation within their sector of operation, and adequately assess and manage risks and quickly adopt and adapt to any changes in legislation.

 

Company Valuations
 

- with the preparation of reports on the valuation of the company

- in the valuation of target companies in the cases of investments or takeovers
 

Due Diligence Services

Assistance is provided to the management of a company during the conduct and preparation of due diligence reports, which are tailored to client’s specific needs and to the requirements of specific tasks.

 

Internal Audit Services
 

Global Commerce has extensive experience in offering audit services for the majority of industry sectors. Our Internal Audit Services include:
 

• the exercise of special investigation on detection of fraud

• corporate governance services
 

The preparation and documentation of internal procedures and processes in accordance with client needs and in accordance with regulatory bodies’ requirements:
 

• the design and implementation of internal audit programs

• the preparation of internal audit reports for management use and for company internal audit committees

The company’s financial services and compliance staff are relevantly accredited, which enables us to be appointed as internal auditors for companies which are licensed to act as financial services companies.

Consulting Services

The following consulting services are provided by Global Commerce:

• compliance consulting services to investment firms

• advise based on international regulations as applicable

• compliance consulting services to regulated financial institutions

IFRS Advice Desk

Qualified Accountants are in a position to offer advice on the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS’s). Our IFRS Advice Desk offers advice:
 

- on the accounting treatment of various accounting issues, ensuring compliance with the IFRS’s
 

- on issues like the impact on the financial statements of the company, when adopting an accounting policy or on performing a specific transaction

The desk is fully equipped to handle specific and general nature enquiries.

 

Accounting and Financial Statements Preparation Services
 

Accounting services are available for companies that would not like to bear the cost of maintaining an accounting and bookkeeping department.
 

Global Commerce provides full services for maintaining proper accounting records in accordance with:
 

• Company Law

• VAT Law (where applicable)

• International Financial Reporting Standards (IFRS’s)

All transactions are securely recorded using an accounting software application and management reports can be prepared in accordance with the client’s needs.

 

Financial Statements Preparation
 

Financial statements preparation services are applicable to companies that would like their accounting service provider to prepare the financial statements of the company in accordance with IFRS’s and assist the auditors of the company in completing the audit of the financial statements in a timely and effective manner.

Payroll Services

Payroll services are provided to companies which employ staff in South Africa and abroad. Our services are available for South African and international business companies.

Services offered include:

• preparation of payroll

• preparation of monthly income tax returns

• preparation of employment contracts

• liaison with local tax authorities

• arrangement for the issue of tax certificates

• administration of payments to the income tax and social insurance (where applicable) authorities

• administration of payments of salaries to employee’s bank accounts

• all other payroll-associated tasks

 

Professional Training Solutions
 

Complete corporate training solutions are offered, which are tailored to client’s needs, industry and level of knowledge. The seminars and training sessions are delivered by senior members of staff who are experts in their field.
 

The company’s offices are equipped with state of the art training facilities. 

Training sessions are also provided at clients’ premises, either in South Africa or abroad.