D & I ACCOUNTING
Accountants in Bloemfontein

Handling all administration and correspondence with the Master in the winding up process. The financial statements of all companies have to be audited on an annual basis as required by the Companies Act. The Auditor has to bring out an Audit Report on his work done. An audit report on the attorney's trust account is submitted to the Law Society. An audit report of the estate agent's trust account is submitted to the Estate Agent's Board. Analysing each year's budget and giving it through to clients. For personal use to gauge your business against previous years and/or budgets. Assisting with statutory requirements such as keeping minutes, stock registers etc. The impact that illness or disability of the owner or key personnel might have. Considering a comopany or close corporation to operate your business in. Advising on share portfolio, unit trusts, off-shore investments, property and interest bearing investments. Recommended for small businesses who want seperate legal entity. We strive to ensure that our economic benefits and opportunities are spread equitably across South African society. With vast experience in small and medium size business, we serve our clients on a wide range of financial related services. This includes Accounting and Payroll to Private Companies, Close Corporations, Trusts, Individuals and Partnerships. We pride ouselves in getting involved in every client's financial affairs. Lasting cllient relationships, based on mutual respect and trust. As a member of the South African Institute of Proffesional Accountants and registered Tax Practitioners, our firm offers professional services of a high quality and focuses on delivering financial solutions to individuals and small to medium size corporations. We have an established systems infrastructure to offer you the complete range of services necessary to start up and grow an efficient business. We are commited to work firstly with people and only secondly with numbers. We fully understand that you have dreams and ideals and we mak time to assist you to reach those dreams and ideals. Before we can share, we need to experience; and that takes openess, sensitivity and working together. Capital Gains are the difference between proceeds and base cost and are generally included in taxable income at an inclusion rate as follows: Registered Micro Businesses will include 50% of the gross proceeds in their turnover or tax purposes. NORMAL TAX ON TRUSTS (Excluding special trusts which are treated the same as natural persons) That is the estate acquires the capital assets at market value and the deceased pays CGT on the gain from base cost. The legatees acquire the assets from the estate at market value as at time of death and this becomes their base cost. If a minor is a legatee under a will, thenthe legacy will be transferred to the Guardians Fund which is administratedkby the Master of the High Court. It is therefor important to create a Testamentary Trust (i.e. in the will) if there is a possibility of this happening and to leave the bequest to the Trust rather than the child.