Havilah Consulting

Our Journey Founded in 2021 by Arlitha and Ravesha, Havilah Consulting emerged from a vision to transform how South African businesses manage their finances. Arlitha is a seasoned accountant with more than 25 years experience within the financial industry. In her spare time, Arlitha enjoys spending time with her church family and travelling around the world with her husband. Whilst Ravesha is an experienced accountant with more than 18 years experience in the financial industry working for both international and JSE listed companies. In her leisure time, Ravesha enjoys baking, playing scrabble and air hockey with her husband. Starting with a core focus on bookkeeping services, we've evolved into a comprehensive financial services firm, adapting to meet the growing needs of South Africa's dynamic business landscape. Our Mission We strive to empower South African businesses with precise financial management and strategic insights, enabling sustainable growth and success in an increasingly competitive market. Our mission extends beyond traditional accounting – we're committed to being growth partners for our clients. Our Expertise Our team comprises certified professionals with diverse expertise in: • Advanced Bookkeeping and Financial Management • Strategic Tax Planning and Compliance • Comprehensive Payroll Solutions • Financial Analysis and Business Intelligence • Customised Budget and Costing Models • Accounts Payable and Receivable Optimisation What Sets Us Apart • Local Understanding, Global Standards: While deeply rooted in South African business practices, we implement international accounting standards and best practices. • Technology-Driven Solutions: We leverage cutting-edge financial software and tools to deliver accurate, timely, and accessible financial information. • Personalised Attention: Every client receives a dedicated account manager ensuring consistent, quality service. • Continuous Learning: Our team regularly undergoes professional development to stay ahead of industry trends and regulatory changes. • Cost-Effective Solutions: We offer scalable services that grow with your business, ensuring value at every stage. We are a Level 1 B-BBEE Contributor and 100% female owned. Our Values Integrity: Unwavering commitment to ethical accounting practices Excellence: Delivering superior service quality and accuracy Partnership: Building lasting client relationships, because we care about your businesses success Empowerment: Supporting client growth and success, we want you to have the right strategies in place for success Innovation: Embracing technological advancement Our Team Led by Arlitha and Ravesha, our diverse team brings together expertise from various sectors of financial management. Each team member is carefully selected not only for their technical skills but also for their commitment to client service excellence. Looking Forward As we continue to grow, our focus remains on expanding our service offerings while maintaining the personalised attention that has become our hallmark. We're continuously investing in new technologies and methodologies to better serve our clients' evolving needs. Join Our Journey Whether you're a startup looking to establish strong financial foundations or an established business seeking to optimise your financial operations, Havilah Consulting is your trusted partner in financial success.

General Questions 1. What services does Havilah Consulting offer? Havilah Consulting offers a range of accounting and financial services, including bookkeeping, tax planning, compliance, payroll management, financial analysis, and more. 2. Who are Havilah Consulting's customers? Our customers are individuals and small to medium-sized businesses (SMMEs) in South Africa only, including startups, growing businesses, and established companies. 3. What sets Havilah Consulting apart from other accounting firms? We offer personalised attention, local understanding, and global standards. Our team is dedicated to delivering exceptional service and building long-term relationships with our clients. 4. How much do Havilah Consulting's services cost? Our fees are competitive and based on the scope of work required. We offer customised pricing packages to suit your business needs. 5. How does Havilah Consulting protect my business's financial information? We take confidentiality and security very seriously. Our team is bound by confidentiality agreements, and we use secure, cloud-based accounting software to store and manage your financial data. 6. Is my business's financial information secure with Havilah Consulting? Yes, your financial information is completely secure with us. We comply with all relevant laws and regulations, including the Protection of Personal Information Act (POPIA). 7. How do I get started with Havilah Consulting? Simply contact us through WhatsApp on +27 74 651 9845 or email us at info@havilahconsultants.co.za. We'll be in touch to discuss all your accounting and financial needs. Taxation and VAT 1. Do I need to register my private company for tax, and are there any other tax obligations I should be aware of? Yes, as a private company, you need to register for tax in the company's name, as it is considered a separate legal entity. Depending on factors such as your turnover, staffing, payroll, and involvement in imports and exports, you may also need to register for other taxes, duties, levies, and contributions, including: - Value-Added Tax (VAT) - Pay As You Earn (PAYE) - Unemployment Insurance Fund (UIF) - Customs and Excise - Skills Development Levy (SDL) It's essential to consult with a tax professional at Havilah Consulting or the South African Revenue Service (SARS) to determine your company's specific tax obligations. 2. How often does a company in South Africa need to pay Corporate Income Tax? A company in South Africa is required to pay Corporate Income Tax on its profits twice a year. This is done through the provisional tax filing system, with any additional amount owing due when filing the final income tax return (ITR14). 3. As a business, when do I need to register for VAT? You need to register for VAT if your annual turnover exceeds R1 million or if you expect your turnover to exceed R1 million in the next 12 months. 4. What is a Small Business Corporation (SBC), and what are the tax benefits? A Small Business Corporation (SBC) is a private company that meets specific requirements under the Tax Act. If your company qualifies as an SBC, you can benefit from progressive tax tables and shorter depreciation periods for certain assets, resulting in less tax paid in the early years. 5. What special deductions and allowances are available to companies in South Africa? Companies can claim various deductions and allowances, including: A. Pre-trade (start-up) costs B. Research and development expenses C. Wear and tear on machinery and equipment D. Lease premiums E. Leasehold improvements F. Manufacturing asset allowances G. Learnership allowances H. Investments in Venture Capital Companies (VCCs) I. Manufacturing building allowances J. Commercial building allowances K. Urban Development Zone (UDZ) building allowances Please refer to the relevant sections of the Tax Act or consult with a tax professional at Havilah Consulting for more information. Financial Statement Requirements for Companies 1. Who can prepare a company's financial statements? A company's financial statements can be prepared internally by the business owner, company accountant, or another employee with accounting knowledge. Alternatively, an independent accounting professional like Havilah Consulting can compile the statements based on the company's accounting records. 2. Does a company need an audit or internal review of its financial statements? The requirement for an audit or internal review depends on the company's public interest score. It is essential to calculate the score to determine the necessary level of review. Tax Incentives 1. What are the tax incentives available for small businesses in South Africa? Tax incentives include the Small Business Corporation Tax, which provides a reduced tax rate for small businesses, and the Section 12J Venture Capital Company tax incentive.