What to send, and what happens to your client

1What this practice does not do

This practice does not do bookkeeping and does not take compliance work. That is the point of the page: the work below is the work your client cannot get from you, and nothing else.

• Filing returns. Kanton-West is an advisory practice. The tax position is worked out and set here, in writing. The submission itself sits with your accountant or your own eFiling profile.
• Bookkeeping capture at CFO rates. Where a ledger has to be rebuilt, it is quoted separately at what that work is worth.
• Audit. Kanton-West is not a registered auditor and expresses no audit opinion. An audit is done by an auditor registered with IRBA.
• Independent review of its own work, or of any company at a public interest score of 100 or above. Both go elsewhere.
• Public officer, director, trustee or signatory of a client entity. Those seats belong to people inside the business.
• Holding or moving client money. No trust account, no bank mandates, no signing authority.

The full list is on Standing, scope and terms.

2What to send

Seven pieces of work. Each one is a job your client is trying to do with a bank, a revenue authority or a tender board.

• Bank applications. The pack the credit committee actually reads.
• Raising finance. Asset, project and working capital finance.
• Foreign company setup. A company opened in another country, and the finance function that has to run in it.
• Moving money across borders. What the bank has to see before it will move the money.
• Tax disputes and back taxes. The letter in the drawer, and what is actually owed.
• Tender pricing and guarantees. What the bid should be priced at, and the guarantee behind it.
• Part-time financial director. The seat, a few days a month, without the full-time cost.

Everything Kanton-West does is set out on CFO services, with what each one is and when it is done.

3What happens to your client

Three things, and they are the reason a referral is safe to make.

A written scope, and the fee agreed up front. Before any work starts your client knows what is being done, what it costs and what done means. Project work is quoted as a fixed fee once the scope is written.

The client stays yours. The books, the returns and the compliance year stay exactly where they are. Kanton-West does not do bookkeeping and does not file returns, so there is nothing here to take over.

You are told what was found. Where the work touches the ledger or the tax position, the finding goes to you as well, in writing, so the next set of accounts is built on it.

4Where it starts

A conversation costs nothing, and if the work is not worth doing that gets said. Where the position is unclear, it starts with the Finance Inspection: R24 500 for one entity, R45 000 for a group or across a border, ten working days from the records being made available.

fransua@kantonwest.com · +27 83 480 9301 · Cape Town

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