BLOG

Who and What is RMA

RMA stands for Rand Mutual Assurance. They provide cover to employees in the event of injuries and accidents whilst on duty in the same way as the Workmen’s Compensation Fund, but for specific classes and industries. These employers would fall…

CSD Registration

What is CSD and who can register? CSD is the Central Supplier Database and the benefit of companies registering on CSD is to gain access to government tenders. The following suppliers can register on CSD: LBC Professional Services today to…

Unemployment Insurance Fund (UIF)

An Employer is required, by law to register with the Unemployment Insurance Fund (UIF) and contribute towards the fund monthly if they have employed workers for more than 24 hours in a month. The contribution is two percent of the…

Name Changing

Changing a nature of Business at the Compensation Fund is possible, but this is a very lengthy process and there is np guarantee that the updated nature of business and category will reflect on the updated Letter of Good Standing.…

VAT Registrations

There are two types of VAT registrations, namely Voluntary and Compulsory. When your business is successfully registered at SARS for VAT, you will be issued with an official VAT registration document from SARS which will contain very important information. You…

VAT Backdating

A Voluntary VAT registration cannot be back-dated at SARS. The liability date will be based on the date of the registration itself. Should you wish to have it back dated, the business owner will have to contact SARS directly to…

Validation Errors

When there has been changes or updates at CIPC for the company,  the information might not have linked with the Compensation Fund system and it needs to be verified first. This could be anything from Directors changes, address changes etc.…