CIPC compliance checklist

CIPC compliance checklist

The Company and Intellectual Property Commission (CIPC) introduced a new compliance checklist. All companies that are required to perform an independent review or an audit is required to complete the checklist on an annual basis. The intention of CIPC behind this new...
Tax on foreign income

Tax on foreign income

On 1 March 2020 the much talked about Tax on Foreign Income became a reality in South Africa. The question on everybody’s lips is: “Does this new tax apply to me?” Tax residency The short answer to the question is probably yes. It applies in the sense that this is...
How to read Financial Statements

How to read Financial Statements

As a business owner it is important to understand how to read annual financial statements. This will give you as the business owner insight on how healthy your business is and helps you to plan for the future of your business.  There are two main components any...
Does my company need an auditor?

Does my company need an auditor?

Not all companies registered in South Africa need to appoint an auditor. According to Section 90 of The Companies Act, 71 of 2008, only a Public Company or a State-owned company is required to appoint an auditor. For these two classes of companies the appointment of...