Annual Financial Statements and Tax Returns

Annual Financial Statements and Tax Returns

Biz Facility now offers a unique service where we will compile a set of AFS (Annual Financial Statements) from input supplied by the client, using our attached template.

Annual Financial Statements Template

Right Click and select ‘Save Target/link As’


We will provide a draft set of financial statements that we will in consultation with the client, convert into final AFS for submission by the client to CIPC, SARS or their bankers.

Additionally if you require us to compile and submit your annual return, and/or tax return, please indicate as such and we will connect with you in this regard.


1. Annual Financial Statements (AFS)

AFS are required for all entities involved in a trade. This includes companies, close corporations, sole traders, partnerships and even trusts.
In preparing AFS, they need to comply with generally accepted accounting standards (GAAP) and if applicable, IFRS (International Financial Reporting Standards).

2. How does this service work?

  • By completing and submitting the online form below, we will generate your financial statements for sign-off, as well as your Income tax return (IT14) submitted to SARS if required.
  • A registered accountant / tax practitioner will then get in contact with you via your preferred method, to discuss the nature of the business and to determine what other documents, info needed, to start with the process.
  • We will attempt to work to your deadline, which is usually urgent!
  • We prepare Annual Financial statements and send a draft copy to you for approval
  • We will contact you regarding tax implications, general discussion of AFS.
  • If required, we offer electronic signature of the AFS – thus we operate nationally across Southern Africa.

3. Fees

  • Based on the info provided by the client, the price will be calculated. A pro-forma invoice reflecting the amount will then be e-mailed to you immediately.
  • Upon proof of payment being received we will start with the process immediately (turnaround time for AFS will be between 2 – 6 weeks).
  • This fee will be final, no additional cost (except in extreme cases which will be discussed with the client at the time) will be added or become payable.

4. Taxation

All entities involved in a trade , as well as Trusts, are required to prepare and submit a tax return at least annually, or if a provisional taxpayer, twice annually.
As a member of the SA Institute of Tax Practitioners, (SAITP) we maintain up-to-date knowledge of developments affecting tax planning and strategy, in order to optimise your tax position.
As part of the service, we will determine if the client qualifies for Small Business corporation tax, salary structures to members of the CC, allowable depreciation deductions etc.

5. How to submit data:

  • The client submits initial data via a number of alternative formats:


  1. Manual excel trial balance, as supplied by Bizfacility
  2. Pastel zipped file (emailed by Client to Error! Hyperlink reference not valid. )
  3. Any other accounting zipped file format.


  • Manual excel workbook supplied by Bizfacility.



Biz Facility Training

Customer Reviews

Rene Nienaber 21/10/2021

Email Submission
Hi Ruzel

I would really like to thank you for the time you took to understand and answer my questions from the webinar.
I have been struggling to find someone to clarify this for me.

Thank you so much, it really does help!

Kind Regards,
Financial Manager

HR - Unionsteel 12/10/2021

Email submission
Excellent Thank you. That was very informative. Good content,
great presenter and been left with good overall picture
of all that is needed for company to be compliant and
some very nice resources. Thank you

Geraldine Joubert 09/10/2021

Email Submission
Thank you for a great excel presentation. Is it possible to get the recording for session2?

Swart Redelinghuys Nel & Partners Inc

Noxolo Mandita 26/07/2021

Email Submission
I would like to submit completion of the below course.

Debt Collection Management Online Course

I enjoyed it very much and it was very straight forward to understand 😃

Warm regards,

Eileen 13/07/2021

Email Submission
Thank you so much, these courses are so informative.

I am enjoying doing the online learning with your company.

Thank you once again.
Have a Fabulous Friday
Kindest Regards

Liezel Potgieter 28/05/2021

Email submission
Hi Ruzel,

Ek moet ook vir jou by se dat jy die kursusse EXCELLENT aanbied, jy praat mooi en duidelik.

Baie dankie vir die wonderlike werk wat jy doen.

Ek sal jou defnitief aanbeveel vir enige iemand.

Angie Rhode 13/05/2021

Email Submission
It was a lovely course, thank you so much

If you are doing more, please add me to your mailing list. I have over 1200 staff who can benefit from these courses.

General Manager
Essential Cleaning Services

Chantal Thysse 13/05/2021

Email Submission
Thank you for the survey, it’s greatly appreciated.

And, A Big Well Done To You Ruzel!

You can be super proud of another excellent event and handling such a big group.

Jennifer from our office also gave the following feedback: “I loved the course. Ruzel is brilliant in presenting and so easy to understand. She is excellent.”

I would also like to thank Ashton and Matthew who are always ready to assist when it comes to coordinating and IT-related issues.

It’s such a pleasure working with the Bizfacility Team.


Badia, Icon Oncology 07/04/21

Email Submission
The VAT Taxable Supplies & Input Tax Credits was VERY GOOD. I repeat it was VERY GOOD

Samantha, Magic Light Box 01/06/21

Email Submission
I really do appreciate your assistance