Annual Financial Statements are required in order for you to disclose information to CIPC and SARS. According to the Companies Act all companies have to compile annual financial statements 6 months after year end. You might also require Financial statements should you want to apply for finance or a bank overdraft. This is the responsibility of the Directors or Members of Companies and Close Corporations.
Annual Financial Statements are necessary for submission to SARS for you annual income tax returns as well as for Companies and Intellectual Property Commission for annual return submission to keep your company registered.
We do compilation of Annual Financial Statements, Independent Reviews and Audits.
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