Companies and Intellectual Property Commission (CIPC): Annual Return & Beneficial Ownership Understanding Beneficial Ownership The Companies and Intellectual Property Commission (CIPC) launched its Beneficial Ownership (BO) Register for companies and close corporations on 1 April 2023. The purpose of this register is to document the natural persons who own or
Understanding Business Group Structures: A Strategic Approach Owning multiple companies can be structured into what is known as a group structure—a strategic way to manage and control different businesses under a single ownership. While each company remains a separate legal entity, they form a cohesive network, offering multiple advantages in
Cashflow insights In the fast-paced business world, success is often measured by a company’s ability to generate profits and grow its market share. However, effective cash flow management is an equally crucial, yet sometimes overlooked aspect of maintaining a thriving enterprise. Cash flow management is about ensuring that your business
Accounting firm The Beancounter would spend as much as three months to make one accountant hire. Managers had to put a considerable amount of time to evaluate suitable candidates before making a hire. This, however, changed when the company started making use of one-way video interview software Wamly which cut
Tax season is around the corner… While South African authorities battle to contain the surge of coronavirus infections, the South African Revenue Service (SARS) is preparing to process annual tax returns in unprecedented circumstances. This year, tax returns will arguably be complicated by the ongoing national lockdown and will only
At the commencement of the nationwide lockdown, SARS announced PAYE deferred payment plans, to aid small businesses with their cash flow due to their closure under the government’s regulations. Below, please find details on the repayment schedule that SARS has issued: How will businesses know how much should be repaid:
How working from home can benefit you in the 2021 tax season How working from home can benefit you in the 2021 tax season Amidst the ongoing global pandemic, the South African Revenue Service (SARS) has furthermore recently announced that employees who work from home can claim home office costs
I remember it as if it was yesterday: I was 22 years old and was in the final year of doing my articles. I was sitting in my small cubicle office and typed into Google: “what’s a good name for an accounting firm?”. Yahoo Answers came up as the first
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