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Things to consider when starting a business
It is very easy to register a private company and to start trading. But there are a lot of administrative tasks that needs to be done. And these tasks are usually overlooked by new business owners. This article will give you an overview of what needs to be considered to avoid future surprises and to ensure your business is a success. VAT All private companies have to register for VAT at SARS when the turnover exceeds R1m for a consecutive 12 months. This is usually when companies start to struggle with their cash flows, because they then have to deduct 15% from all goods sold or services delivered. And unfortunately,…
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Who needs to register on the central supplier database?
All companies that wants to do business with government need to register on the central supplier database (CSD). Once a company is registered on CSD, all the companies details are monitored electronically. The info supplied on the database is also compared with information kept by other institutions, such as SARS, CIPC and the bank. The company will also receive notices off all new tenders placed by government, and the company will then have the opportunity to apply. If you want to register your company on CSD, we can assist for only R200. Please click on the link below. We will then send you an email to request the following information:…
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2022 Coida Returns
Feeling confused by COIDA?? The return that is due now, is called the 2022 return. The information on the return that has to be submitted is the actual earnings for the financial year period ending 28 February 2023. Also, the provisional earnings for the period 1 March 2023 to 28 February 2024 has to be submitted. We can assist by submitting the return on your behalf. We only charge R350 per return. Please note that a letter of good standing can only be obtained once all the returns have been submitted and all invoices paid. Be sure to submit in time to avoid penalties. There are inspectors from the department…
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Get everything you need to start your business – R950
Always wanted to start a business?? We can assist for only R950. This will enable you to get your business up and running in no time. The offer includes the following: To make use of this offer, click on the link below. REGISTER YOUR BUSINESS NOW Disclaimer We can’t guarentee that the name you choose for your private company will be approved by CIPC, and not in use already. The time to appoint a public officer depends on SARS. AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the…
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Why is it important to submit annual returns to CIPC?
What are annual returns? Every registered company or close corporation has to submit an annual return to CIPC every year. The annual return is basically a declaration reporting on the turnover and operation of your business. Some of the information that has to be submitted is the following: When is the annual return due? The annual return is due every year on the anniversary month of the company. What happens if the returns are not submitted? The first step CIPC will take is to raise a penalty fee. Continuous failure to submit the returns will result in the deregistration of the company. When the company is deregistered, CIPC will notify…
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COIDA ROE – 31 MAY 2023 DEADLINE
What is COIDA? COIDA, or Workmen’s compensation as it is known, is an insurance for the employees when they are injured on duty. All companies have to register for COIDA as soon as an employee is hired. What is a ROE? All companies that are registered for COIDA have to submit a return of earnings to the department of labour before 31 May. This is to declare the earnings of the employees to the department. The company will then receive an invoice from the department. After the invoice is paid, a letter of good standing is issued. The premium is calculated according to the business activity of the company and…
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Director and other company changes – R250
If you need to do any amendments to your company at CIPC, we can assist for only R250. This includes the following changes: · Director changes · Director contact detail update · Company contact detail update · Financial year end change DIRECTOR CHANGES OTHER COMPANY CHANGES AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and service possible. cipcservices.co.za
