LATEST NEWS

Keep up to date with the latest developments within Lockhat Incorporated and associated companies.

2015 Staff Awards Ceremony

On the 30th of July, the staff of both Lockhat Incorporated and Coastal Accounting were treated to a lovely lunch, held in Port Shepstone.  Staff were presented with awards, ranging from the “Bermuda Triangle Award” (for the staff member who has the most “unexplained disappearances” from their desk), to the “Highest Billers” and “Most Valued Person” Awards.  The afternoon was then completed by our IT guy, James, providing some fantastic entertainment on the guitar.  

January 2016 Social Event – Cruise

The partners will be rewarding the entire office with a weekend cruise in consideration of their efforts put in at the firm over the last 3 years.  So, in January 2016, the entire office has been booked off to set sail on board the new refurbished MSC Sinfonia for some much needed rest and relaxation.

Lockhat Incorporated becomes registered Mortgage Originators

Lockhat Incorporated can now act as mortgage originators on behalf of our clients.  Our clients no longer have to make direct application to the banks, which is often a lengthy and frustrating procedure with long waiting periods.  We can now process our clients’ loan applications on their behalf.

Improved In-House Training

In March 2015, we implemented an improved employee training program.  These training programs provide multiple benefits for our employees, our clients and the company.  We are also currently in the process of implementing a training website which will have a wide variety of training videos on various accounting, auditing and tax topics.

New Fleet of Vehicles

In February 2015, we increased our vehicle fleet to 4 vehicles, in order to be better equipped to serve our clients that are located further away.

Electronic online recruitment facility announced

We will shortly be offering a fully electronic online recruitment facility which will focus on the job market in the accounting profession. This new service will operate through Lexcorp Consulting.

Cloud-based Operations

At the start of the 2015 year, Lockhat Incorporated moved all our systems to cloud computing.  All data is stored in the cloud and can be accessed quickly and easily by all of our employees.  This means that our employees are now able to assist our clients from anywhere in the world.

Publication in Accountancy SA Magazine

The South African Institute of Chartered Accountants nominated and selected Lockhat Incorporated as a prominent and up and coming young professional firm, to profile in their monthly magazine.  Lockhat Incorporated was featured in the October 2014 publication of the Accountancy SA magazine focusing on six small to medium practice firms in South Africa.  The article was based on what makes us different and some of the challenges and difficulties we face in the SMP environment.  

Insurance Division Opened

Lockhat Incorporated registered with the Financial Services Board and is now able to offer our clients tailor-made financial solutions for all their insurance, investment and healthcare needs.

Partners register with ISACA resulting in increase IT Audit work

We have had a significant increase in the amount of IT related audits performed by Lockhat Incorporated due to the registration of Lockhat Incorporated with ISACA and all of our partners designated CISA’s (Certified Information Systems Auditors).

Partnership with Qdos Consulting

We have partnered with Qdos Consulting recently which will assist in all professional services should you undergo a SARS audit in the future. This service allows you to focus on solving SARS queries using our expert tax knowledge without having to worry about our professional fees. SARS audits have become an expensive affair as they are increasingly time consuming from an accountants point of view.

Outsourced payroll service

We are now providing an outsourced payroll service whereby monthly payslips, leave records, employment contracts and basic labour law advice is dispensed from our practice. We are using the popular payroll software VIP and we offer this service at competitive rates which enable clients to focus on their core activities.

Firm Acquisition

The firm acquired a Pretoria based practice during August 2013 which enables us to serve the economic hub of the country. This now takes our staff complement to just short of 50 professionals.

Firm appointed to provide all taxation services by TIA

The firm was appointed in July 2013 by the TIA (Technology Innovation Agency), a division of the Department of Science and Technology of South Africa, to provide all Taxation services by way of a fully outsourced facility.

Give a child a family

In July 2013, staff members prepared 70 food parcel hampers for the “Give a child a family” charity in Margate.

Social Responsibility Initiatives

The office undertook various social responsibility initiatives during December 2012. We donated food, DVD players, electrical rewiring, toys and other durable goods to the Assisisi home for the mentally challenged, uMephi house for abandoned children and the iKhayalethu orphanage.

Social upliftment projects

We have sponsored and participated in various social upliftment projects during December 2011. We sponsored a jungle gym for a rural medical children’s facility; sponsored some much needed structural repair work at a local creche; sponsored a Christmas party and airconditioning for a local orphanage; made various donations to the SPCA and South Coast Hospice.

Proud association with the Auditor General of South Africa

The company is proud of its association with the Auditor General of South Africa and even more proud to have assisted the auditor general with his assignments over the last three years. Mr I Lockhat was privileged enought to meet the Auditor General himself (Mr Terence Nombembe) during his visit to the South Coast in 2011. We were also honoured to have been invited to Gallagher Estate to a celebratory Gala Dinner celebrating 100 years of the Auditor General in South Africa where such dignitaries as the Honourable President of South Africa Jacob Zuma were in attendance.

Partner appointed to the audit committee of municipalities

During 2011 Mr. Imraan Lockhat was appointed to the audit committee of municipalities: Vulamehlo Municipality; UGU District Municipailty; Umzumbe Municipality; Ezinqoleni Municipality; Umuziwabantu Municipality; UGU South Coast Tourism (Pty ) Ltd and Umdoni Muncipality and Hibiscus Coast Municipality.

Hosted Christmas party at the eMsini Childrens Home

During December 2010, the office hosted a Christmas party at the eMsini Childrens Home for orphans, sick and abused children. The office purchased a gas stove which was badly needed by the home and entertained the children during the afternoon. The event was a success and thoroughly enjoyed by the team. Thanks go to Shuvee for her hard work in ensuring the event was a success.

Team building at Izotsha Indoor Cricket Stadium

December 2010 saw the first of many teambuilding events organised at the Izotsha Indoor Cricket Stadium. The office was divided into 4 teams of 8 players each and played against each other. Each partner had to select their own team and battle it out against the other partners team. All had a great time and our thanks go once again to Shuvee for successfully planning this event. The braai thereafter was delicious.

Port Shepstone office upgrade

During December of 2009, Lockhat Incorporated completed a substantial upgrade to its Port Shepstone offices. The results have been pleasing as we now have a secure fire resistant filing area, confidential setting with staff housed in a concealed area, modern boardroom with multimedia capabilities, extensive physical archive facilities, computer network with live backup capabilities and daily offsite backups, coffee and refreshments area for clients and consulting rooms on our 450 sqm site. We invite you to join us for a beverage as we give you a tour of our new facilities.

Client partnership raised over R50 000 for Reach for a Dream Foundation

During the latter part of 2009, the office partnered with a client and donated over R50 000 towards the Reach for a Dream foundation in helping to fulfil the dreams of children with life threatening illnesses throughout most of the Durban hospitals including McCords, Albert Luthuli and Addington.

Office relocation

During January of 2009, the Durban office moved from Umhlanga Rocks to Florida Road in Morningside. The move was undertaken to be closer to our key clients and also to increase the size of our offices from 40 sqm to 100 sqm as our client base grows. We invite you to stop by at our offices near the landmark ‘Spiga’ restaurant.