Langa Ligcamile Accountants

urance of an auditor’s report, investors would be nervous of risking their capital. An audit adds value by giving more accurate information which leads to better business decision making by managers; better investment decisions by stakeholders; and better policy decisions by government. Auditors are professional in assessing risk and evaluating control systems and procedures, they advise management on how to design and improve its systems, procedures and internal controls. Auditor’s gain a unique and very broad insight into best practices and benchmarks in their clients’ industries. This experience and understanding, combined with objectivity, provide the auditor’s with an excellent basis for adding value by helping their clients build stronger businesses. Accounting
We offer a variety of accounting services, including compiling Annual Financial Statements and Management Financial Statements, monthly Processing of accounting transaction, Payroll and completion of Statutory Returns. Our offering is tailored to the needs of the client and can be annual, monthly or a combination thereof. We combine the accounting with an interactive relationship with the client and the results are a process that includes and empowers the client in their business. Purchases & Sales of business
Due to our exposure to many clients in several different industries we can assist in matching potential buyers and sellers. Income Tax
Tax Compliance
Our income tax department services include all aspects of documentation completion and liaison with South African Revenue Services (SARS). Income tax returns are completed and reviewed by qualified personnel and the administration process monitored by our in-house database management system. In the environment of ever-changing taxation law, we are constantly upgrading our knowledge and reinforcing our contact with income tax authorities. SARS Facilitation & Negotiation
As the tax administration system gets more involved and onerous, it becomes efficient to use a specialist that understands the official and unofficial procedures of SARS to perform certain interactions with them and negotiate on your behalf. We are well positioned to service you on this level based on the following:
Our understanding of the procedures and requirements of SARS
Our good reputation with SARS in terms of integrity and honesty
Our understanding of the hierarchy of SARS and authority levels
Established relationships with existing SARS officials
Clear understanding of the taxpayers’ rights
Our depth knowledge of the income Tax Act. We offer a service to Facilitate routine and non-routine communication with SARS. This would typically include:
Attending to demands form SARS
Assistance with tax audits (VAT, PAYE and INCOME TAX)
Negotiations regarding reducing penalties and interest
Raising objections and related appeals
Obtaining SARS’ rulings on specific issues
Registration for various Taxes (VAT, PAYE)
Obtaining tax directives and clearance certificates. Business Advisory Services
Our Many years of consulting to businesses together with our formal training and technical knowledge in this area, enables us to advise clients on a wide range of business management issues:
Business Valuation
Business valuations are required for a number of reasons including acquisition, restructuring, sale, merger, estate duty, litigation, collateral for loans and forced shareholder exits. Many business people can apply a Price/Equity ratio to a business or a turnover factor for an industry and determine a corporate value. We believe however that the valuation process demands a far more in-depth and scientific approach. The Results is a valuation that is based on sound professional views presented with substance and credibility. Business plan
There are two primary objectives for preparing business plans:
To obtain funding that is essential for development and growth of the business
To provide a plan for early strategic and corporate development. A well-designed business plan provides an operational framework that allows the business to enjoy distinct competitive advantages and should in turn result in increased profit for the business. We offer a service to assist clients in preparing Business Plans and especially offer our professional advice on the financial elements of the plan. Forensic Investigations
Forensic investigations are very specific audit Procedures Designed to achieve a predetermined objective. As professional auditors we can design the required procedures, collect the financial evidence and present such to management or the company attorney. Management Accounting and Reporting
Management accounting and reporting is essential to all businesses. The success and profitability of a business can be severely affected by lack of good management reporting. Management reporting needs to be tailored to the uniqueness of the company and designed in a format that is comprehensible and useful to management. Due diligence
When deciding on the purchase of a business, there are various factors that need to be considered: financing; deal structure; labour issues; VAT ; etc. A Due Diligence is an investigation or audit material facts with regard to the sale, and very often sale agreements are dependent upon the results of a Due Diligence exercise. This procedure is highly recommended, as it is imperative to ensure that, before entering into a sale transaction, you have a good understanding of the business operation and any obligations and liabilities that may arise as a results of the purchase. The Due Diligence process typically covers a review of the following:
Accounting Records
Control Environment
Budgeting and forecast
Litigation risk
An analysis of financial results
Existence and recoverability of debtors
Labour obligations
Review and analysis of fixed assets and associated liabilities
Management
Information technology
Foreign exchange risk
Existence and sustainability of sales
Existence and valuation of inventory
Completeness of creditors
All statutory tax obligations and compliance
Residential Loan Facilitation
Although there are many bond originators in the market we find that their service lacks the financial input of professional accountants. Our service removes the hassle and frustration of dealing directly with the financial institutions and has met favorable responses from both banks and clients. Management Consulting
As a full service management consulting firm, we work with management to create better outcomes for the leadership, strategic, financial, organizational and/ or operational challenges that face your business. The essence of management consulting is to help you obtain information and unbiased recommendations which lead to the real and lasting solution to a problem. We value by offering these management consulting services on a standalone basis. Business Restructuring
Our business experience has equipped us with the knowledge of how best to structure a company, or group of companies, to obtain the most favorable tax treatment and protection often good structuring can archive a number of business objectives that can assist in with creation and facilitate the entrance of new shareholders. Business Support and Development
GNBI assists incubates to source funding and build-up strategic partnerships by organising matching events and other support. As part of fostering sustainable development, keen to promote talent development as people are the most valuable assets. provides technology and management training as well as seminars, and training workshops in different technology clusters.supports partner companies' talent development with our strong network of local universities and colleges. Business plan consultation
Matching events for Incubatees and potential investors
Advice in the application of Small Entrepreneur export assistance program and other related Programs
Advice in the preparation of business plan for potential investors
Advice of funding strategy
Business management training , mentoring and coaching
Advice matching events for Incubatees, technology partners and product distributors
Assist in company registrations, tax returns and financial statements
Sales techniques and access to market training
Local and International publicity planning and support
Access to a dedicated professional panel with consultant to advice on business development matters. Access to well-connected industry leaders to assist in local and global business development. Access to dedicated professional panel with consultation on financial, tax, legal and capital raising matters. Since its establishment, we have been committed to fostering the innovation and technological growth of the historically marginalised youth of South Africa, comprehensive Incubation Programs and supporting services backed by a team of fully-fledged professionals. BEE Consulting
It is becoming more evident that empowering your business will not only give you a competitive edge but is vital for the future survival of most business. However, you BEE strategy must be carefully structured to transform your business in the long term across all categories. Ownership alone is not sufficient to achieve empowerment and all elements of your business must be considered from ownership, management, employment equity, skills development, preferential procurement, enterprise development and socio-economic development.