• The Audit, Accounting and Tax Division is registered with the Independent Regulatory Board of Auditors (IRBA) as well as with the South African Institute of Chartered Accountants (SAICA). Apart from the above we also have management registered with South African Institute for Business Accountants (SAIBA), South African Institute of Professional Accountants (SAIPA) and tax practitioners who are registered with their various bodies including the South African Institute of Tax Professionals (SAIT).
• The Financial Planning Services Division  is registered with the Financial Services Conduct Authority (FSCA). and assists clients with risk solutions and wealth creation. HDI Financial Services is an Authorised Financial Services Provider, FSP 10003.
• The IT Solutions Division is registered with Microsoft as a Microsoft Partner and provides clients with a 24-hour IT help desk and onsite support for all information technology solutions.

Contact Us

Telephone: 031 563 1259

Email: info@hdigroup.co.za

Address: 7 Canford Park, 53 Anthony Road, Durban North

By HDI Group
HDI Auditing Incorporated | HDI Accounting and Taxation Incorporated

The much-anticipated Property Practitioner Act 22 of 2019 (the “Practitioners Act”) came into operation on the 1st of February 2022,  with this commencement the Estate Agency Affairs Act 112 of 1976 (Estate Agency Act) which presently governs the regulatory framework dealing with estate agency affairs was repealed.

The Act places several new obligations on property practitioners, not all of which are contained in the EAA Act. The principal obligations placed on property practitioners under the Act are as follows:

• mandatory display of a Fidelity Fund Certificate (FFC);
• property practitioner not entitled to remuneration in certain circumstances;
• maintaining mandatory indemnity insurance;
• complying with a prescribed code of conduct;
• complying with the Property Sector Transformation Charter Code;
• providing certain mandatory disclosures as regards the property in all agreements relating to a property transaction;
• providing a warranty as regards the validity of the property practitioner’s FFC in any agreement relating to property transactions;
• inclusion of certain prescribed minimum information on all written communication and marketing material, as well as certain additional information in respect of franchisees; and
• certain limitations on relationships with other property market service providers.

Non-compliance with the provisions of the Act bears the risk of incurring significant penalties, such as repaying any fees received for a property transaction, and practitioners may be issued with a fine. Furthermore, any person convicted of an offence in terms of the Act is liable to pay a fine, or to imprisonment for up to 10 years.

Reporting deadline, 4 months after financial year end.

The commencement of the PPA has also introduced changes to trust account requirements which intend to bring about welcome administrative and financial relief to many Property Practitioners. Before the commencement of the Act, all practitioners were required to open trust accounts, regardless of whether they actually handled trust monies or not. These trust accounts, in use or not, would accrue bank fees and forced businesses to undergo full annual audits which proved to be expensive.  Under the new Act, it is no longer a requirement for all practitioners to have trust accounts and now, only Property Practitioners who are involved in handling of trust monies are required to have trust accounts. This also applies when using intermediaries with their own compliant trust accounts.  The amendment of trust account requirements enables simpler and more affordable annual reviews for businesses.

Should you require any further information for your accounting and audit compliance requirements contact us.

Contact Us

Telephone: 031 563 1259

Email: info@hdigroup.co.za

Address: 7 Canford Park, 53 Anthony Road, Durban North

By HDI Group
HDI Auditing Incorporated | HDI Accounting and Taxation Incorporated

As your business grows it is essential to have trusted financial, accounting and tax professionals managing your financial records and tax compliance as well as providing you and your business with strategic financial advice. After all, the busier you get, the more complex financial management becomes and the less time you will have to maintain your books and accounting records, not to mention all the while trying to make sense of all the data and worrying about your IT environment.

Through an integrated service environment, we minimize your risks and maximize opportunities, we call this the HDI Connected Intelligence. This strategic approach will give you or your business the advantage.

HDI Group – The Integrated Advantage

Driven by our commitment to delivering practical business solutions that businesses need to succeed, The HDI Group has become recognized as Durban’s leading independent business services solutions provider since our establishment in 1994. Informed by our business and industry knowledge and with a clear focus on client’s needs, we offer a range of fully integrated services in the areas of audit, Accounting, tax, statutory, consulting, financial advisory, wealth creation and information technology.

Audit, Accounting, Taxation

Going beyond merely meeting statutory requirements, HDI Auditing, Accounting and Tax empowers clients to perform better. We listen to our client’s needs, consider the implications and tailor our approach to realize the maximum benefit. Harel Davidson Incorporated provide audit assurance and consulting services to clients thereby improving their external financial reporting and complying to the relevant regulatory requirements. HDI Accounting and Taxation Incorporated and HDI Accounting Incorporated offers all other accounting, taxation, and statutory services, these services include Independent Reviews, Annual Financial Statements prepared in terms of the International Financial Reporting Standards (IFRS) and IFRS for SME’s and compilations. We also offer a full range of Secretarial and Administrative Services such as company registrations and amendments and CIPC annual returns.

Freeing clients up to focus on their core business, our accounting and payroll related services include data capture and bookkeeping, compilation and submission of Tax, VAT, PAYE, SDL, and workmen’s compensation. We advise and assist both corporate and individual clients in complying with all aspects of tax-related legislation and regulations in South Africa and best of all we deal with the South African Revenue Service, so you don’t have to!

The directors and management who head the Audit, Accounting and Tax division offer a wide range of knowledge, expertise, and experience, all are registered with their relevant professional bodies which include Independent Regulatory Board of Auditors, South African Institute of Chartered Accountants, South African Institute of Business Accountants, South African Institute of Professional Accountants as well as South African Institute of Tax Professionals.

Financial Services

For independent advice or a review of your existing portfolios, HDI Financial Services offer a host of the best financial planning solutions available in South Africa. These services include, life insurance, dread disease and disability cover, income protection and investments. Our approach considers Discovery, Hollard Life, Liberty, Momentum, Old Mutual, Sanlam, Sygnia, FMI and Allan Gray products to ensure clients enjoy only the best benefits of truly independent financial advice. Other services that HDI Financial Services offer includes, financial planning, group benefits, Investment, retirement and estate planning, Investment management, medical aid, and medical insurance.

IT Solutions

HDIT Solutions is a Microsoft Certified partner who supplies and implements hardware and software solutions across Durban and South Africa.  Our approach ensures that the risks associated with the deployment of new technology both hardware and software are reduced, while at the same time offering clients a competitive total cost of IT ownership and peace of mind that comes with having access to 24-hour backup. Our complete range of services includes, structured service level agreements, infrastructure project management, network design and implementation, hardware maintenance, disaster recovery, WAN services system integration, Microsoft select agreements and migration & 24-hour help-desk.

HDI Group – The smart way to grow your business

Contact Us

Telephone: 031 563 1259

Email: info@hdigroup.co.za

Address: 7 Canford Park, 53 Anthony Road, Durban North

By HDI Group
HDI Auditing Incorporated | HDI Accounting and Taxation Incorporated