MGT Accounting

Accounting Firms in Pretoria

Searching for the Best Accounting Firm in Pretoria? Look No Further!

Are you operating a small or medium-sized business in Pretoria? You’ll know this by now: Having a great accounting firm by your side makes all the difference. Beyond just submitting tax returns and tracking expenses, the best accountant ensures your financials are primed for opportunities like funding applications.

While many Pretoria business mavens still use ‘Find an Accountant’ platforms, they sometimes miss the mark in pinpointing the right expertise. Keep reading this blog post to find out how to outsource the best accounting firm in Pretoria, and set your business on a trajectory of unrivalled success.

Drive your business forward with passion and focus, while we handle your numbers with precision. Let our expert accounting team take the reins on your financial matters. Ready to elevate your business? Request a free quote today!

MGT Accounting & Consulting Inc

Struggling to find the best accounting firm near you?

In 2020, this research from the FinMark Trust revealed a surge in enterprises from about 2.2 million in 2010 to over 2.6 million, employing from 9.7 million to a staggering 12.9 million workers. Their combined turnover approached a whopping ZAR 3.1 trillion. Among these, a significant number operate in Pretoria, which is where you also run your business. 

Despite the multitude of accounting firms in Pretoria, many predominantly serve large corporations and medium-sized businesses. This often leaves small businesses struggling to find a suitable fit. As a result, many end up partnering with inexperienced or unqualified accountants. However, there’s a beacon of hope: MGT Accounting & Consulting Inc. stands out as one of the few accounting firms in Pretoria that caters to businesses of all sizes with expertise and reliability.

There are 9 factors you should consider before you outsource an accounting firm, especially if you live in Pretoria. Let’s take a look at them:

  1. Reputation and Credibility: Before you outsource to any accounting firm, make sure they have a squeaky clean reputation. You can do this by researching the firm’s standing in the industry. Look for Google My Business reviews, testimonials, or references to gauge their reliability and professionalism.
  1. Experience: Find out if the firm has any experience dealing with businesses of your size or in your sector. Are those businesses happy with the service they received from the accounting firm? This helps you to know if that Accounting firm understands your specific needs. As you go on with your research, one thing you will become clear: There are very few accounting firms in Pretoria that will understand your business like MGT Accounting does. 
  1. Range of Services: Beyond just bookkeeping, does the firm offer services like tax planning, financial advice, or auditing? Determine what you need both now and in the future.
  2. Fees and Pricing Structure: Understand how the accounting firm charges local businesses. Find out whether the charge is a fixed monthly fee, hourly rate, or based on specific tasks. Running a business in Pretoria comes with its fair share of expenses. The last thing you need is to be burdened with excessive accounting fees. So make sure there are no hidden charges.
  3. Clear Communication Channels: Effective communication is the cornerstone of any relationship. Without it, the bond gradually weakens and eventually fades away. Find out how often you’ll receive updates and reports, and if you can easily contact them when you have queries or concerns.
  4.  Technology and Software: Check if they use up-to-date accounting software that’s compatible with any systems you might already have in place.
  • Confidentiality and Data Security: Ensure the firm has stringent data protection measures to safeguard your financial information.
  1.  Qualifications and Training: Confirm that the accountants in the firm have the necessary qualifications and continue to undergo training to stay updated with the latest regulations and practices.
  2. Local Regulatory Compliance: Ensure the firm is well-versed in South African tax laws and accounting regulations, especially if you also conduct business outside of Pretoria.
  3. Flexibility: As your business grows, your needs may change. Find out if the firm can adapt to offer additional services when needed. By carefully considering the above points, you’ll be better positioned to make an informed choice and find an accounting partner that’s the right fit for your business in Pretoria.
MGT accounting team

How MGT Accounting Can Elevate Your Business:

1. Cost-effective Bookkeeping: Starting a business requires financial prudence. Hence it’s nearly impossible to grow  a business without tracking expenses. One of the key elements is bookkeeping – the systematic recording of your business’s financial activities.

Benefits of Bookkeeping:

  • Insight into Finances: It provides a clear picture of your revenue versus expenses, guiding your financial decisions.
  • Account Receivables: Know who owes you and how much.
  • Tax Compliance: SARS mandates businesses to maintain records and documents. Proper bookkeeping ensures you’re always in line with the Tax Administration Act, meeting SARS’ requirements.

While many small business owners attempt to handle bookkeeping themselves, a professional service, like ours, ensures accuracy, saves time, and prevents costly errors.

2. Expertise in SARS Administration: As registered tax practitioners with a wealth of experience, our team is equipped to manage all your business’s SARS obligations.

Our Offerings:

  • Registrations: This includes VAT, PAYE/SDL/UIF, and Income Tax Exemptions for NPOs.
  • Calculations & Submissions: We cover VAT, PAYE/SDL/UIF, and Income Tax.
  • Dispute Resolutions: Efficiently addressing any tax-related disputes.

Whether it’s a simple SARS query or comprehensive tax submissions, MGT Accounting is at your service. Reach out to us and discover the difference we can make for your business.

Conclusion

Navigating the complexities of business ownership often demands face-to-face interactions with trusted professionals, especially your accountant. While virtual meetings via platforms like Zoom offer convenience, the value of in-person consultations cannot be understated. Having an accountant just a few blocks away from your office is not just convenient, but also advantageous. Whether you need to clarify discrepancies in your financial statements or seek guidance on financial improvement, proximity matters. For those in Pretoria seeking quality accounting services without breaking the bank, MGT Accounting is your go-to destination. Reach out today.