Financial Planning Services
Tailored advice and guidance designed to help you consolidate your financial future. We provide financial services both for business owners and for personal wealth Financial Planning for Africa Business and Individuals
Sitamtatu offers a wide range of financial planning services both for business owners and for personal wealth management.
Sitamtatu offers a wide range of financial planning services both for business owners and for personal wealth management.
Our team of experienced Sitamtatu accountants, bookkeepers and auditors are always on hand to provide tailored advice and guidance designed to help you consolidate your financial future. This can be in the form of one-off assessments, or as part of the ongoing accounting services we provide.
Retirement Planning
How many people do you know that claim they have saved too much for retirement?
Many people also believe they will spend less once they retire. This often is not the case as you have more time available to enjoy those things you could not do whilst you were working. If you want to sustain your lifestyle into your retirement you need to save for this. Most people cannot retire comfortably because they do not plan for this event and usually delay the implementation of their plan. This delay can make the difference between having the freedom of choice to do what you want to do or to be dependent on close family to look after you in your golden years.
So, how much should you save for retirement?
“As much as you can” is sound advice. It is historically recommended that you save at least 15% of your gross income for retirement. That is a general guideline.
This is your retirement we’re talking about, so it pays to get a little more specific by doing your planning up front. It’s a good idea to establish a savings target – one that tells you how much you should set aside over time to meet your retirement goals, and adjust the figures for inflation.
If you would like to receive US$3,000 per month in 20 year’s time from a nest egg which earns 7%, you need to build up capital of at least US$500,000, in today’s terms. Factor in inflation at a minimal annualised rate of 3%, and you then need to build a nest egg of US $900,000 to achieve your income goal in 20 years’ time!
A key part of any retirement savings plan is working out how large your nest egg needs to be. And it’s hard to do that unless you also nail down how much income you need each year in retirement.
Tax Compliance
VAT Returns Services:
Preparation of VAT return computation on a monthly basis.
Checking the arithmetic accuracy to be 18% of VAT amount for every transaction.
Review credit notes with the respective fiscalized sales invoice.
Review all the adjustment notes with respective fiscalized invoices submitted to TRA.
Withholding Tax Services:
Reviewing transactions that are subject to WHT on a monthly basis.
Assisting compliance with the local statutory and tax requirement.
Preparing monthly WHT deductions schedule and assisting with filing of returns electronically (e-filing).
Assist with TRA correspondences, enabling responses and sharing of information to TRA.
Cooperate Tax Services:
Tax laws are complex, and complying with all the rules and regulations can be exacting. You need experienced, perceptive professionals to arrive at the desired outcomes.
At Sitamtatu, you benefit from tax professionals in a variety of advisory and compliance areas working together to drive the most effective tax strategies for your business.
Tax-Exempt Business:
Our Tax-Exempt Advisory Services group brings an unmatched depth and breadth of expertise in tax consulting and preparation services and has extensive experience in handling all aspects of tax planning, compliance and accounting issues for tax-exempt organizations.
Our clients range from small, charitable organizations to large, international membership associations.
Tax Transaction Services:
Tax implications can significantly impact the value of a potential transaction for both buyers and sellers. Sitamtatu’s dedicated team of transaction tax professionals can assist you in navigating the complexities of national and international taxes, and help reveal the value, accelerate the deal timeline and move the transaction to a successful close.
Tax Credits & Incentives:
Sitamtatu helps you take advantage of less obvious opportunities to reduce costs and generate refunds. You’ll receive valuable insights on how to unlock and secure favorable incentive packages – tax and non-tax savings opportunities for job creation, research, training and other qualified expenses.