• private company

    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,…

  • Workmens compensation

    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…