All companies in South Africa are required by law in terms of the Companies and Close Corporations Acts to file annual returns. Failing to do so will this be a set back in terms of running your business should you fail as your company will be closed permanently if you fail to submit your CIPC …
With the world still recovering from the recent pandemic a lot of focus and interest has been on working from home and even starting a business from home. There are challenges that one will definitely encounter while considering working from home. Fear – A the top of the list is fear, the anxious nature of being …
A Tax Clearance Certificate is a written confirmation from Revenue Services (SARS) that a person’s or Entity’s tax affairs are in order at the date of issue of the Certificate now also called a Tax pin.
As an Accountant, we present different financial reports for different purposes. To start with let’s look at what is Profit and Loss in accounting terms. Profit is a financial gain, especially the difference between the amount earned(Sales) and the amount spent(expenses) in buying, operating, or producing something. Loss is when expenses exceed the income or total revenue or sales I believe you have heard …
Businesses that wish to transact with government and the formal sector, or that wish to access certain types of government support, are generally required to be registered with the CIPC (Companies and Intellectual Properties Commision). For these businesses, there may also be tax benefits to registration, as registered businesses have a lower tax rate than …
