CIPC – Annual Returns

    When you have a private company, close corporation or non profit company, you have to pay an annual fee to CIPC every year in the anniversary month of the company. When the annual return is submitted, you have to declare your annual revenue to CIPC. There are also some questions you have to answer with regards to the financial management and reporting of the company. Should you not pay the annual fee, CIPC will deregister the company. When this happens, the tax number will also be deregistered at SARS. Which means that the company can no longer be used to trade with. To rectify the deregistration is a long and…

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  • Accounting,  CIPC,  PAYE,  Tax,  UIF,  VAT

    Closing your business – Here’s what you need to know

    People often ask me how to go about closing a private company and what their responsibilities are. CONTACT US FOR MORE INFO… The first thing to consider when closing a company is the tax implications. All taxes must be submitted and paid up to date, right up to the date that the company ceased to trade. This is applicable to all tax types. Income tax – Financial statements have to be prepared up to the date the company stopped trading. An IT14 return should then be submitted to SARS. If the company stopped trading in the middle of the financial year, financial statements must still be compiled, for all the…

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  • CIPC

    Company Registration – R650

    We can assist if you need to register a private company at CIPC. The cost includes the following: Company registration Tax number Tax clearance BEE affidavit We also register non profit companies at R750 each. Contact us

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  • CIPC

    CIPC – Why you have to pay annual fees

    All private companies and non profit companies have to pay annual fees to CIPC. These fees are payable in the anniversary month of the company. Failure to do so will result in the company being deregistered. The status of the company will first change to “In deregestration process”, and then to “Final deregistration” These fees are payable even if your company is dormant and has not traded. The status of all companies are also directly linked to SARS, and any changes will immediately be reflected. In the event that your company is deregistered, the tax status will also change to deregistered. Also, all the tax returns will still show as…

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