-
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…
-
Register your employees for COIDA
When do you need for COIDA? As soon as a private company has employed the first employee, it has to register for COIDA at the department of labour. What is COIDA? COIDA, or workmen’s compensation as it it known, is an insurance to cover the medical cost for employees who are injured on duty. Once a private company is registered for COIDA, it has to submit a return to the department of labour before the end of every May. How is the premium calculated? The premium for COIDA is calculated according to the annual salaries paid to employees. The risk factor of the business activity is also taken into account.…
-
Let us help you take the red tape out of admin
Why is it important to get your admin up date. It’s not only important to have your private company registered. It is veryimportant to have one of the directors appointed as the public officer of the private company. Without an appointed public officer, the private company can’t get access to eFiling. People often make the mistake to not get a public officer appointed. Then when they want to apply for a contract or tender, it makes it difficult to apply for a tax clearance. The official turnaround time to have this done, is 21 business days, depending on their workload. Other things to consider. Other things to consider is also…
