Business Advisory Service
Financial Planning, Business Advisory & Other Business Services.
Business Plans & Strategy
Vision, Mission Value Statement
We offer financial planning and advisory services that are designed to cover everyone from sole traders up to small businesses, but they are only part of what we offer.
We consider ourselves an extension of your company, providing the tax, admin and compliance support you need to succeed.
If you need something more finely tuned to your business, we will be more than happy to sit down and discuss your particular requirements.
Some of the Business Services We Offer
Categories of BEE Companies under the Amended Codes.
When deciding whether your entity needs to be verified or not it is important to know and understand the three categories which a business may fall under. This determines the BEE planning process the entity needs to do, as well as the pricing of Accredited BEE Verification.
According to the Last Financial Statements i.e. the annual turnover, the following is categorised:
Exempted Micro enterprise, this is when the natural turnover is less than 10 Mil. Please note that in other industries this may differ e.g. Tourism Industry the annual turnover needs to be less than 2.5 Mil. A full audit is not necessary, only relevant supporting documentation eg. Cipc Registration and Certified Copies of ID’s of owners.
EME with more than 51% Black ownership can get a Level 2 score and 100 % Black ownership can obtain Level 1 and only need and affidavit.
The Qualifying Small Enterprise Scorecard applies when the annual turnover is less than 50 Mil but more than 10 Mil. An on site audit is done, this is where 5 elements are verified and a site verification is also conducted.
QSE with more than 51% Black ownership can get a Level 2 score and 100 % Black ownership can obtain Level 1 and only need and affidavit.
In case of a Generic, with more than R 50 m a full on site audit is necessary, this means that all 5 elements are verified as per the Generic Scorecard, a site verification as well as interviews are conducted.
Understanding what your business is worth is critical information required to enhance value and reduce risk in your business.
A variety of business owners need business valuations, whether for wealth planning, auditing and accounting, insurance purposes, managing investments, optimising business value, or buying or selling a business.
Watch the video below for more information on this service we offer to our Agricultural clients.
key performance indicators
Key Performance Indicators (KPIs) are the critical (key) indicators of progress toward an intended result.
KPIs provides a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most.
As Peter Drucker famously said, “What gets measured gets done.
- Provide objective evidence of progress towards achieving a desired result
- Measure what is intended to be measured to help inform better decision making
- Offer a comparison that gauges the degree of performance change over time
- Can track efficiency, effectiveness, quality, timeliness, governance, compliance, behaviors, economics, project performance, personnel performance or resource utilization
- Are balanced between leading and lagging indicators
Characteristics of Strategic Decisions
- Impacts on the future prosperity and survival of the organization
- Concerns the fit the organisation achieves with its environment
– Satisfaction of owners, investors, and other stakeholders
– The products it makes and the markets it
– Works in – the risks the business is exposed to
- Outcome sometimes not obvious at the time and may not be clear for some years
- Subject to high degrees of uncertainty.
Ready to start a new company?
New company registrations within 2 days for R950
- Approved company names
- New company registration
- Share certificate
- Tax registration
- BEE affidavit
- Tax clearance certificate
vision, mission & value statement
3 key reasons why having a company vision, mission and values statement Is Crucial!
It is unifying:
When a clear vision is defined within a company, it provides a gathering point, or common interest, making everyone feel as though they are a part of a greater whole. Not only does this give deeper meaning for the work, but it also helps unify everyone into a team that is organized, focused, and working together to contribute to the vision.
It is inspiring:
Defining a powerful vision is inspiring. It has a clear motivational effect on everyone within the organization. It creates an energy and enthusiasm, increasing commitment and fostering change. This is especially important in difficult or stressful times, as having a clear vision will produce persistence and remind you why you started.
It provides a focal point for goal-setting and business planning:
Having a vision provides a sense of purpose and direction for the business. Your vision will help you define your short and long-term goals, and guide the decisions you make along the way
Xero advisors are experienced bookkeepers and accountants listed on the Xero advisor directory (Xero website) who can provide regular financial advice and support. Each advisor has at least eight clients on Xero and staff members who are trained with Xero
DACCS is a SAGE business solutions service provider.
CGMA is the most widely held management accounting designation in the world.
The CGMA designation is built on extensive global research to maintain the highest relevance with employers and develop the most in-demand competencies.
CGMA designation holders qualify through rigorous education, exam, and experience requirements.
BOOK FREE CONSULTATION
DACCS prides itself on personal service in financial matters.
We prefer to focus on short lines of communication, building good relationships with our clients and making a real difference in their lives.