AddressSouthern Suburbs Area Office Block B3. Tokai. Cape Town. Western Cape. 7945
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What you should know about Business Accounting Network
Business Accounting Network (BAN) is a network of professional accountants, chartered accountants, qualified bookkeepers and business tax consultants all over South Africa, in a unique franchised structure, including Cape Town, Stellenbosch, Johannesburg, Pretoria, northern Free State and Durban. Do you have a small to medium sized business, and would like to know what we can do for your business? Seasoned business owners trading in companies for many years know and understand the implications of the Companies Act and accept that they often require professional guidance and services that they are either not competent to perform themselves or that which does not warrant taking their valuable time away from what they do well, working on their business. These business owners understand the importance of compliance of the Companies Act for the benefit of their business as a whole and are comfortable trading in these structures and have been successful in doing so for a long time. As accountants, we have seen a common mistake that start-up businesses make by forming a company when their situation does not warrant this structure initially and their business does not make sufficient gross profit to afford to factor in essential professional fees, thereby falling foul of the Companies Act and exposing themselves to the dire consequences of potential criminal offences. The truth is that the cost of operating in a company structure is far higher than operating as a sole proprietor or in a partnership.
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