Vat Profit Recovery

VAT RECOVERY INFORMATION

Risk free opportunity to increase your company’s profits. (No money recovered = No fees payable.)

SERVICE  OFFERING

• Electronic validation of accuracy of accounting systems and processing.

• Inaccuracies due to human errors, staff changes.

• Accounting system bypasses.

• Process inefficiencies or changes.

• VAT not claimed or incorrectly claimed, double payments, rebates and discounts etc.

DELIVERABLES

• Extension of the current audit functions in the company.

• We perform a 100% systematic electronic verification of all accounting transactions and agreements (not random spot checks).

• We have a list of the top 10 areas of mistakes, we can focus on these for a start.

• Detailed report at completion.

• Detailed findings of financial impact.

• Recommendations to prevent future losses.

• Cash recoveries of money lost unnoticed, negotiable  commission  payable on amounts proofed and recovered.

CONFIDENTIALITY

• Confidentiality agreement signed as part of scope of the task.

• No disruption of client / supplier relationships.

• Minimum involvement of company staff.

• Electronic verification & analysis of data.

• Physical verification of possible recoveries only.

• Documentation searched by our team.

PAST CLIENT PORTFOLIO

Clients successfully completed include; Schenker Stinnes (transport & logistics), Bytes, Bosch Siemens household appliances (BSH), Reckitt Benckiser, Osborn Engineered Products, Multichoice, MTN, Standard Bank, MAN Truck & Bus, ROBOR (Steel & Pipe),  SONY South Africa, Various Bidvest Companies, including Protea Coin security, Prestige Cleaning, Afcom, etc.

(Referrals available on request)