Tag: Business Compliance

Mandatory Compliance Checklist For All Companies

Mandatory Compliance Checklist For All Companies – From 1 January 2020 all companies (large or small, trading or dormant, private, public, incorporated, etc.) must complete the CIPC’s new compliance checklist prior to filing its annual return. Annual Returns All companies are compelled to file its annual returns within 30 business days after the anniversary date of its incorporation. The annual return is an administrative fee for maintaining your company’s registration with CIPC. The fee is calculated based on the company’s annual turnover (it will range from R450 per year for small private companies, to R4 000 for larger private companies).…

Small Business Compliance Guide

Small business compliance guide – Being compliant is essential for every business no matter how big or small. Complying with the country’s laws is important and should you fail to follow the laws for a company then you could land up in some hot water or if you want to apply for a tender or loan you may not have the right documentation to do so. Let’s have a look at what you need to be compliant. 1. Register with the Companies and Intellectual Property Commission (CIPC) For sole proprietors and informal traders, it is not necessary to register with…