FIVE THINGS YOU NEED TO DO AFTER THE CIPC HACK The Internet is a worldwide platform for sharing information. It is a community of common interests. No country is immune to such global challenges as cybercrime, hacking, and invasion of privacy – Lu Wei, the head of the General Office
Beneficial Ownership Registers – Now Mandatory with CIPC Annual Returns “It is imperative that ALL companies and close corporations ensure compliance with the beneficial ownership filing requirements, to ensure good corporate governance and business continuity..” – CIPC It’s been a year since 24 May 2023 when company directors and members
HOW AND WHEN TO SAVE A STRUGGLING START-UP “Failure is simply the opportunity to begin again, this time more intelligently.” – Henry Ford (Founder of Ford Motor Company) When people speak about start-ups, they often only mention the successful ones. Stats, however, show that five years after founding only half
ANNUAL EMPLOYER DECLARATION IS DUE BY 31 MAY “Failure by an employer to comply with its obligations does not only harm that employer and the fiscus, but also employees. SARS vigorously pursues employers that fail to comply..” – SARS Employers have only until 31 May 2024 to submit their Annual
Donating to a PBO? TAKE NOTE OF SARS’ New Requirements (PUBLIC BENEFIT ORGANISATIONS – NOTE YOUR NEW 31 MAY DEADLINE) “The new requirements enable… a more efficient process to make deductions available to qualifying donor taxpayers and to help prevent section 18A claims abuse.” – SARS With a valid tax
HAVE YOUR OWN BUDGET SHORTFALL? HERE’S WHAT TO DO. “The cold, harsh reality is that we have to balance the budget.” – MICHEAL BLOOMBERG – FORMER NYC MAYOR Government’s approach to balance this year’s National Budget 2024 shortfall of R15 billion didn’t set a positive example for South African individuals
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