Firstly, SARS returns got nothing to do with CIPC Returns both ways applies Which mean you need to file SARS returns and as well as CIPC Returns when is due.“A CIPC annual return is a summary of the most up to date information of a company and is filed with CIPC. A SARS tax return focuses on the taxable income of a company in order to determine its tax liability and is filed with SARS. It’s two different processes, with different requirements, handled by two different government departments.” – Written by Bo Bissict SARS Returns Every registered Taxpayer is required by law to file or submit returns to SARS via e-filling or SARS Branch so that the South African Revenue Service (SARS) can be able to calculate their tax liability based on the income you as the taxpayer declare and the tax-deductible expensed they incurred for each year of assessment. CIPC Annual Returns “All companies and close corporations are required by law to file their annual returns with CIPC within a certain period of time each year. CIPC uses this information to ensure that it is in possession of the latest information of the company or close corporation and to determine whether the company or close corporation is conducting business activities.” – annualreturns.cipc.co.za CIPC Annual returns has nothing to do with SARS returns, Since you are required to file in each and every assessment year if you don’t file your tax returns your registered company will be non-compliant which mean you are not allowed to do business by law for that moment until you file your returns, On the other hands when it comes to CIPC returns, You are required to file every financial year-end when you don’t file your company become non-compliant as well and if you don’t file for the period of three years that’s when your company will be deregistered but that won’t happen immediately but, it can happen anytime so it is wise to make sure always your company is compliant with any regulation that is required for the type of your business. Is CIPC and SARS linked? “The interface between SARS & CIPC uses the Connect Direct technology to ensure security, resilience and manage the completeness and accuracy of any data transmission. There is no automated process to deregister clients at SARS who have been deregistered at the CIPC.”
WHY YOU NEED A WEBSITE FOR YOUR BUSINESS
Responsive Web Design Services In the twenty-first century, most people are educated, but they cannot find work. As a result, everyone wants to establish a business, but only a few succeed because they lack an online presence (a Website) that provides a sense of professionalism. When it comes to businesses, you need clients in order for them to function, which is why you need a website for your company. This generation requires more than just word of mouth; they require concrete evidence in order to believe. If a company is legitimate, it should have a website. Remember you can create a website to promote your product and services for your company/business, print pamphlets out for advertisement, Then have people giving it out to people they know. You don’t know how business can be booming by just doing so. Again this generation loves technology, a whole lot of people spends so much time using their phone, as a business person you then need to think smart and use that as an opportunity to create a website for your business then advertise it using the internet, create links for people to share to their friends and families. Even successful people become keen to know what your business is about using when you already have a website it just shows a very smart move and makes everyone interested .with that kind of exposure there’s no way creating a website for your business could go wrong Here’s why you need a website for your business. You need a website to promote your business Without wasting time we all know that a website its part of advertising and every business should be advertised for you to get customers or leads so you can make a profit at the end of the day. A website plays a big part when it comes to promoting a brand as well as the product or services the company offers. It makes it easier for customers to reach out. Running a business it’s a lot of work since it’s something you should do every day, especially if you starting, everything about your business it is all on you, so a website plays a big part in assisting you when it comes to marketing your business/brand or your product and services We all aware that no matter how good we are with marketing but we cant reach out to all our potential clients Some clients would want to reach out to a certain company so if you have a website it is easier for them to get all the information they want concerning your brand or your product and services To Educate Customers About Your Brand A website is a good platform to educate your clients about your brand, you can write more about your company, its mission, vision, etc, and that will make your clients trust your brand since they would know more about your company and they will be a place for them to go if they need to know something about your company Another part a website play is when they have questions about your brand your website will be able to provide those answers even when you are not around to answer them you website can take that place and assist your clients or potential buyers. Social Proof Social proof can be an effective marketing tactic for several reasons. The most basic motivating force behind social proof is the bandwagon effect, a social psychology concept which states that people are more likely to engage in action if other people are doing it. so a website contribute into that, so as soon as people see your website it is easier for them to engage with you cause social proof build trust between a brand and consumer, it Improves Credibility and Legitimacy of Your Brand Generate Online Sales. A website can assist in generating online sales, in other words, which means a website will make your business product and services be accessible 24/7 even if you are not there, a website can assist in generating sales and make your company profit any time of the day with or without you managing it. To be ahead of your Competitor The only way to be better in this business world is to do better than your competitors. By doing better I mean having what they don’t offer, and offer it to your clients to eliminate the competition, be on You’re A-game be ahead, change with time provide your client’s what’s working at the moment. When it comes to customer support you make sure you are the best, and that’s where a website comes in if you have a website for your company its easier to have all advantages to compete best compared to you competitors especially to those who don’t have a website Remember even if your competitors have the best website ever then make sure yours it is designed to perfection and it’s easier to navigate, cause a good design website it’s not an expensive one its the one that it’s easier to navigate and it’s mobile-optimized 12 To be found online when they search for your products and services The majority of consumers use websites to find and engage with businesses It’s easier to trust a company with a website because it shows that they take their business seriously, and consumers want to trade with people who take what they do serious not just people who want to make easy money Having your website shows that you take your business seriously so it simple for new clients to take you seriously. There are so many reasons why you need a website for your business we might not cover them all, but you do need a website for a lot of reasons the biggest of them all its marketing. Marketing plays a big part in growing a business and to all the new start-up business you don’t need a website only to be on top of the game in the business world
FILE YOUR CIPC ANNUAL RETURN
“All companies (including external companies) and close corporations are required by law to lodge their Cipc Annual Returns with CIPC within a certain period every year. An Annual Return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which affects that the juristic personality is withdrawn and the company or close corporation ceases to exist.” – CIPC What you should keep in mind Your company will be given 30 days before declaring it non-compliance from the date that you should file your annual returns with the Companies Act. CIPC Annual Returns can only be filed electronically no walk in. What happens if you don’t file your annual returns? Non-compliance with annual returns may lead to deregistration, Which means they will deregister your company and you won’t be able to trade formally. When it comes to CIPC annual returns theres an ANNUAL RETURN PAYMENT CALCULATOR which mean you dont just decide how much you will pay CIPC The annual return payment due to CIPC is calculated as follows: Where the turnover is: between R1 million and R10 million Amount Payable to CIPC R 450.00 Where the turnover is: Less than R1 million Amount Payable to CIPC R 100.00 Where the turnover is: Between R10 million and R25 million Amount Payable to CIPC R 100.00 Amount Payable to CIPC R 2 000.00 Where the turnover is: Above R25 million Amount Payable to CIPC R 100.00 Amount Payable to CIPC R 3 000.00 “Private or personal liability companies that are not required to have their financial statements audited, may elect to voluntarily file their audited or reviewed statements with their annual returns. If such companies choose not to file a full set of financial statements, they must file a financial accountability supplement with their annual return” Who may file an annual return on behalf of a company or close corporation? Due to the nature and the content required on an annual return, such must be filed by the company or close corporation or its duly authorised representative that is in a position to provide the required information. When must a company or close corporation file its annual returns? It is an annual filing and it differs for companies and close corporations. Companies must file (regardless as to whether it was active or not) within 30 business days starting from the day after its date of registration. Close corporations must file (again regardless as to whether it was active or not) starting from the first day of the month it was registered up until the month thereafter. It may still file after such period, but an additional penalty fee will be applicable. If a company or close corporation has filed its tax returns with SARS, is it still required to file annual returns with CIPC? A clear distinction must be made between an annual return and a tax return. An annual return is a summary of the most relevant information regarding the company or close corporation and is filed with CIPC while a tax return focuses on taxable income of a company or close corporation to determine its tax liability to the State and is filed with SARS. Compliance with the one does not mean that there is compliance with the other. It is two different processes, administered in terms of different legislation by two different government departments. REMEMBER WE HERE TO ASSIST YOU WITH BOTH YOUR RETURNS. TALK TO US CLICK HERE