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We had a client that wanted to register for VAT voluntarily. They had more than the minimum requirements to be able to qualify for a VAT number. We submitted their VAT application to SARS and after it went under…
Legal Liability is a vital concept in South African law to assist individuals and businesses alike in making informed decisions, an essential part will be prioritizing safety with pro-active risk management and adherence to legal standards to mitigate legal liability…
Deregistering a Company from the Compensation Fund typically involves specific steps that can vary depending on the reason. This a very long process and there is no guaranteed timeframe. The most common reason for de-registration at the Compensation Fund is:…
We recently had a client contact us regarding a statement enquiry for their account at the Compensation Fund. The client didn’t know that their company had to be registered at the Compensation Fund as soon as they started trading and…
Many businesses owners assume that annual returns and returns of earnings are the same submission made to the same institution, which is incorrect and can in some cases lead to a very expensive misunderstanding. It is therefore very important that…
Last year September the process for VAT registrations completely changed, and with this the requirements also changed. These changes were made, but no one was made aware due to the website not being updated. Since applications now get reviewed by…
Implementing a safety file and the importance thereof: In the modern realm of construction and project management ensuring the safety and well-being of employees on site is critical and one of the most important and effective tools in achieving this…
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…
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.…
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…