Phiweyinkosi Accounting and Tax Services CC
About Company
Phiweyinkosi Accounting and Tax Services is a corporation firm established and registered with the Companies and Intellectual Property Commission (“CIPC”) in June 2010. We are a wholly black-owned financial advisory services firm that provides integrated and innovative advisory solutions to clients in the private and public sector. We specialize in accounting, business development, finance, internal auditing, management consulting, risk management and tax advisory in South Africa. We also provide outsourced management services that include assets management, human resources and payroll services.
Phiweyinkosi Accounting and Tax Services focuses on its long-term vision to build a diversified client portfolio through strategic acquisitions and partnerships in selected sectors of the South African economy (i.e. construction, engineering, infrastructure, tourism etc). We aim to build a strong sustainable brand in the financial services industry through investments into disruptive industries, such as cloud-computing, ecommerce, property development and tourism markets that are proving to be the strong economic drivers in South Africa and beyond.
We are passionate about turning our deep industry knowledge into innovative solutions for our valued clients enabling their businesses to operate efficiently whilst providing flexibility to management in gaining insights into every area of their respective business operations via reporting and enquiries. Our value proposition to all our clients reinforces our commitment to:
– Providing leading edge advisory solutions which are cost-effective, flexible and technologically advanced;
– Ensuring real-time accounting, assets, payroll, tax, financial management and reporting solutions;
– and Providing ongoing support for all our valued clients to help them achieve success and strong sustainable businesses through establishing goals and comprehensive solutions based on their needs and requirements.
Through strategic partnerships and relationships, the company aims to further their business strategy to grow its clients portfolio and a strong reputable representation across various selected industries in South Africa and beyond. Our partnerships and stakeholder relationships with the Compliance Institute of South Africa (CISA), Institute of Directors South Africa (IoDSA), Institute of Internal Auditors South Africa (IIA SA), Institute of Risk Management South Africa (IRMSA), South African Institute for Business Accountants (SAIBA), South African Institute of Professional Accountants (SAIPA) and the South African Revenue Services (SARS) enables us to keep abreast and stay up-to-date with the latest developments in legislation and ever changing regulatory reforms in the South African business arena.
COMPANY INFORMATION
Phiweyinkosi Accounting and Tax Services is a highly recognised and reputable company established and founded by Buza Bengu in 2010. The company prides itself on its wealth of experience and an extensive clients list that cuts across all business sectors (public and private), as well as parastatals and municipalities. The move its service offering into disruptive industries such as cloud computing, ecommerce, property development and tourism furthers Phiweyinkosi Accounting and Tax Services vision to capture more of the South African market.
Vision
“To be the point of reference for financial advisory services and remain relevant and responsive to the business challenges, risks and needs of our valued clients.”
Mission
“To provide complete, innovative, reliable and professional advisory services to our valued clients and positively contribute to the accountancy profession through our skills development initiatives whilst addressing the unemployment challenge plunging the South African economy.”
Values
The vision and values of the Firm form the foundation on which our culture will evolve over time. In accordance with the Codes of Professional Conduct and Standards of our Professional Regulatory Bodies and Stakeholders, our core values are based on the following principles:
– Integrity
– Objectivity
– Professional competence and due care
– Confidentiality
– Professional behavior
– Open and honest communication; and
– We are socially responsible
STATISTICS/DEMOGRAPHICS/ HISTORY
Year founded: 2010
Founding members: BG Bengu
Number of employers: 10
Location of branches: National
Representation
Trade affiliations: CISA, DCCI, IIASA,
IoDSA, IRMSA, SAIBA, SAIPA
BUSINESS & FINANCE
Turnover: < R10m
Financial year-end: February
Bank: Standard Bank
Accountants: Stewart
Current customer base: Private, Government and Municipalities
Employment status: Level 1
MAJOR CLIENTS/KEY CLIENTS
Key projects in the public sector include establishment of an Internal Control and Risk
Management Unit for the KZN Department of Sports and Recreation as well as the
development of a Municipal Financial Recovery Plan (“MFRP”) in the Free State.
Government and parastatal projects completed include joint venture internal audits,
financial management and preparation of annual financial statements for municipalities in
the North Coast, KwaZulu-Natal.
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