Many have predicted 2018 to be a year of progressive change. Well, we at Quantum and 1.2.3. Consulting believe in embracing change. It is part of our DNA and we feel it is important for us to constantly re-invent ourselves to ensure that we always remain relevant to our industry, to our clients and to our employees.
As a result, we have quite a few exciting changes to announce, as further detailed hereunder.
Some of our clients already know that during the course of 2017, both Quantum Auditors and 1.2.3. Consulting were accepted as the exclusive South African members of the prestigious TGS-Global Network.
TGS Global is a dynamic global business network of accounting, audit, tax and advisory firms which is ranked in the Top 20 networks globally by both the IAB and Accountancy Age.
TGS Global currently operates in 44 countries across 48 member firms and is one of the youngest, most dynamic and fastest expanding networks in the world. It has a combined fee income in excess of $230million with a team of professionals who specialize in their respective fields within their jurisdictions.
Each member firm is well established and well respected in their region, with a core focus on entrepreneurially run businesses, from start-ups, to large international companies. This is exactly aligned to our client target market.
Our membership to TGS-Global allows us to bring the very best international expertise to our clients who are interested in expanding their operations outside the boarders of South Africa, either organizationally or personally. It also allows us to service global clients with local subsidiaries, by providing a seamless interaction between our organization and our international network offices. We are very proud to have reached this global milestone in our history are we look forward to bringing the benefits of this international reach to you, our valued clients.
With effect from 1 March 2018, Quantum Auditors Incorporated will be renamed TGS South Africa Incorporated and it will adopt the TGS Global corporate identity. The 1.2.3. Consulting corporate identity will remain unaltered but it will include the TGS logo within its branding.
Please feel free to visit the TGS-Global website at www.tgs-global.com for more information on the network and our global offices.
Since our inception, we have always preferred visiting our clients at their premises rather than expecting them to waste their valuable time by meeting with us at our offices. In line with this culture, we have always structured our offices more as “hot-spot hubs” rather than as brick-and-mortar places where our team members are permanently based.
In the new world of mobility, where everyone is free to work anywhere at anytime, we continue to invest heavily in cutting-edge technology in order to allow our people to work outside our offices just as easily as within our offices.
We have migrated most of our programs, processes and information to cloud-based environments through reputable and robust service providers and we have equipped our teams with notebooks and mobile technology so that they are free to spend more time with our clients at their premises rather than being office bound.
In light of this, we will be consolidating our offices in Fourways into our existing offices in Bryanston with effect from 1 March 2018. By June 2018, we will be setting up a new modern state-of-the-art facility in the Bryanston/Fourways area which will serve our client requirements in the region. These new offices will boast the latest technology and will be primarily used for client meetings and as a hot-desk facility when our people are working with clients in that area. The look and feel of these new offices will be in line with our progressive offices in Bedfordview.
As previously mentioned, our preferred choice is always to meet our clients at their premises. You are however most welcome to meet with us at either of our offices in Bedfordview or Fourways/Bryanston. In line with global trends, both offices will be equipped with video-conferencing facilities so our clients will also have the option of dialling-in for virtual meetings if this is your preferred option.
Our contact numbers remain unchanged, as follows:
The consolidated offices in Bryanston are at the following address:
68 on Hobart Office Park
Block D, Ground Floor
68 Hobart Road
We look forward to welcoming you to our new offices soon for a cup of coffee and a nice chat.
As part of the office relocation in Fourways, we will also be centralizing certain functions at our Bedfordview Head Office, as follows:
With effect from 1 March 2018, we will be centralising all our administrative functions at our Bedfordview head office. This will include our billing functions, receivable and payable administration, payroll and financial management.
This will allow Mr. Carlos Clara, our Group Financial Manager, to streamline administration and improve efficiencies and client interface in this area of our business.
All administrative queries can be directed to the following contacts from March 1, 2018:
Group Financial Manager:
Mr. Carlos Clara
Landline: 011 084 1210
Mrs. Kathrine Grant:
Landline: 011 084 1210
Mr. Francois Swanapoel
Landline: 011 084 1210
(b) Tax Department:
The Tax Department was already centralised during the course of 2017 and our full Tax Team is located at our offices in Bedfordview.
The Team comprises of 6 tax specialists who focus on our clients’ corporate and personal tax requirements. The full team compliment is able to access your tax information on-line, either through the SARS e-filing website or our internal tax client management software.
Despite being based on Bedfordview, our Tax Team members are always available to meet you either at your premises, or at our Fourways/Bryanston offices or Bedfordview offices, based on your preference.
(c) Company Secretarial Department:
With effect from 1 March 2018, our full Company Secretarial Team will also be centralised at our offices in Bedfordview.
The Team comprises of 6 secretarial specialists who deal with our clients’ daily company secretarial needs. The full team compliment is able to access your company secretarial information on-line, either through the CIPC website or our internal secretarial client management software.
As previously noted, our Secretarial Team members are also available to meet you either at your premises, or at our Fourways/Bryanston offices or Bedfordview offices, based on your preference.
The new South African Companies Act of 2008, which officially came into force in 2011, includes Section 90. This section enforces the mandatory rotation of audit partners on client assignments every 5 years.
Liza, initially in her capacity as the sole audit partner in Lucro Auditing PLC and now in her capacity as one of the four audit partners in Quantum Auditors Inc. has reached the full 5-year mandatory rotation period on most of her assigned audit clients. One of the many benefits of the merger between Lucro and Quantum is that now, we all form part of a larger audit firm with multiple audit partners and we can comfortably accommodate the requirements of partner rotation under the Companies Act without any disruption to our clients or to our business model.
Liza’s passion has always been in the field of client consulting and advisory rather than that of audit. After more than 20 years in the audit field, Liza has taken this opportunity to change her role within Quantum Auditors Incorporated from that of audit partner to that of advisory partner to our clients. Liza will continue to attend audit planning and wrap-up meetings with the newly assigned audit partners on each assignment, to ensure a smooth transition from one audit partner to another.
With effect from 1 March 2018, Liza’s main focus within the Quantum Team will therefore be client advisory, working closely with the rest of the Quantum and 1.2.3. Consulting teams.
We trust you will congratulate and support Liza in her new role with us.
Derek initially founded Lucro Consulting (Randburg) (Pty) Ltd over 20 years ago. This company merged with 1.2.3. Consulting in March 2017.
After a very long and successful time in the accounting, tax and advisory industry, Derek has decided to leave the profession to pursue new and exciting interests.
As a result, Derek will leave the employ of 1.2.3. Consulting with effect from 1 March 2018. He will remain on the Board of Directors of 1.2.3. Consulting in a non-executive capacity in order to ensure the smooth transition of his responsibilities to the rest of the 1.2.3. Consulting Team.
We trust you will join us in thanking Derek for his enormous contribution to the Organization and that you will wish him well in his new endeavours.
We are very excited to announce that, from 1 March 2018, we will be establishing a significant presence in the Western Cape through two offices in Cape Town and in Somerset West.
This is in line with our 5-year strategy to become a national Organization with offices in all the major financial centres in South Africa, which will allow us to look after the interests of our clients nationally. We are currently in the process of finalizing this and we will provide you with further updates in due course.
We trust you find the above announcements as exciting as we do. We look forward to your support in 2018 and our Executive Team remain focused on always evolving to meet the changing needs of the market and those of our valued clients.
Please feel free to contact any one of the directors should you wish to discuss any of the above developments with us personally.
Fabrizio Aldrighetti – Managing Director – Quantum Auditors Inc
Carla Johnston – Managing Director – 1.2.3. Consulting (Pty) Ltd