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  • Government continues to disrupt business | CORP
    audit and non audit services will not be sufficient to become compliant with the act IRBA CEO Bernard Agulhas said this week that many firms especially the bigger firms had indicated that they planned to restructure their businesses to separate the units but that would not be sufficient since IRBA applies the definition of a network firm If you have the same policies or the same remuneration structures we regard you as one firm Mr Agulhas said The Companies and Intellectual Property Commission CIPC has granted the audit profession several extensions and the last one ends on December 31 One of the provisions of the section 90 2 of the act is that the prohibition is retrospective for five years which means that when the act became effective on May 1 2011 audit firms were already not compliant with as they would have had to stop providing audit and non audit services from May 1 2006 Section 90 2 of the Companies Act refers specifically to accounting bookkeeping or services relating to secretarial work and not to all non audit services Clearly from a practical perspective auditors were not aware that this was going to be made a requirement of the Companies Act Mr Agulhas said at the IRBA annual information session in Pretoria Several extensions were granted since then with final deadline on December 31 2018 which means that if the five year retrospective provision is applied the prohibition is effective from January 1 2014 Mr Agulhas said IRBA and the South African Institute for Chartered Accountants Saica had engaged with CIPC to have the section amended but had so far been unsuccessful He said there would be a transitional period for companies with ongoing contracts to make a decision on which service they would offer My personal view

    Original URL path: http://annualreturns.corp.co.za/government-continues-to-disrupt-business/ (2015-12-05)
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  • admin | CORP
    Business SMME sole proprietor start a business Tagged Business Corporation employment Entrepreneur Internal Revenue Service Sole proprietorship Tax United States Leave a reply Start a business today Posted on 12 August 2013 by admin Reply Clearly South Africa needs more small businesses This means more entrepreneurs At present only about 7 of the adult population is involved in a start up business and a meagre 2 is running an established business Increasing the number of small businesses is only a start South Africa needs successful businesses Small businesses viability depends on how they can leverage commercial challenges and opportunities This implies being able to operate in an environment where the distinction between national and international markets is blurring and where competitive advantages are premised on innovation via Charting a new path for small business prosperity Opinion Analysis BDlive Start here corp co za services Related articles The Small Business Start Up Trifecta Series hiscoxusa com Exercise Your Independence Start a Small Business staples com Collaboration How Successful Small Business Owners Thrive business2community com Business Ideas in South Africa workyourwealthnetwork wordpress com Small Business Stories armadilloadvertising wordpress com 5 Key Benefits of SEO for your Small Business hireawizllc wordpress com Posted in start a business Tagged Africa Business Business and Economy Business plan Entrepreneur Small business South Africa The Accidental Entrepreneur The 50 Things I Wish Someone Had Told Me About Starting a Business Leave a reply 7 Small Business Ideas For 2013 Posted on 6 August 2013 by admin Reply Have you dreamed about starting your own small business for some time now 2013 can be the year when your dreams finally come true All you need to do is find a suitable business opportunity We ve come up with a few good business ideas just waiting to be implemented 1 Develop a daily deal website We all know how popular discounts and promotions are nowadays everybody loves them Don t let yourself get discouraged by the fact that you will have to compete with big names in the industry but focus on making your website work locally With proper online promotion your customer base will grow by the day 2 Start a dog walking service If you re an animal lover and have experience looking after dogs you can become a professional dog walker It may not seem like the most profitable business there is but if you build a loyal customer base you can turn actually make a nice living from doing something you enjoy and spend all day outdoors via 7 Small Business Ideas For 2013 Related articles Social Media Marketing Tips For Small Businesses nismonline org Feisty Enterprise Tip 7 Look For Multiple Income Streams to Survive the First Eighteen Months sme blog com Branded Clothing Get Your Business Noticed jitendravaswani wordpress com 4 Way Step to Gain Loyal Customers business2community com How Startups Can Triple Their Customer Base in a Year or Less tech co Posted in business ideas Tagged Advertising Business Customer Customer base

    Original URL path: http://annualreturns.corp.co.za/author/admin/ (2015-12-05)
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  • audit firms | CORP
    services relating to secretarial work and not to all non audit services Clearly from a practical perspective auditors were not aware that this was going to be made a requirement of the Companies Act Mr Agulhas said at the IRBA annual information session in Pretoria Several extensions were granted since then with final deadline on December 31 2018 which means that if the five year retrospective provision is applied the prohibition is effective from January 1 2014 Mr Agulhas said IRBA and the South African Institute for Chartered Accountants Saica had engaged with CIPC to have the section amended but had so far been unsuccessful He said there would be a transitional period for companies with ongoing contracts to make a decision on which service they would offer My personal view is that it the section will probably not change because CIPC has given us the background why they have written the section and the intention was that it should be applicable to the audit firm and not the auditor He said IRBA and Saica would continue with their efforts to have the section changed but audit firms would in the meantime have to ensure that they were compliant with the act as it stood now via Audit firms need to rethink their business models Financial Services BDlive Posted in audit firms government Tagged Accounting AUDIT Business Chartered Accountant Companies Act Financial audit Financial services Pretoria Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive

    Original URL path: http://annualreturns.corp.co.za/category/audit-firms/ (2015-12-05)
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  • government | CORP
    relating to secretarial work and not to all non audit services Clearly from a practical perspective auditors were not aware that this was going to be made a requirement of the Companies Act Mr Agulhas said at the IRBA annual information session in Pretoria Several extensions were granted since then with final deadline on December 31 2018 which means that if the five year retrospective provision is applied the prohibition is effective from January 1 2014 Mr Agulhas said IRBA and the South African Institute for Chartered Accountants Saica had engaged with CIPC to have the section amended but had so far been unsuccessful He said there would be a transitional period for companies with ongoing contracts to make a decision on which service they would offer My personal view is that it the section will probably not change because CIPC has given us the background why they have written the section and the intention was that it should be applicable to the audit firm and not the auditor He said IRBA and Saica would continue with their efforts to have the section changed but audit firms would in the meantime have to ensure that they were compliant with the act as it stood now via Audit firms need to rethink their business models Financial Services BDlive Posted in audit firms government Tagged Accounting AUDIT Business Chartered Accountant Companies Act Financial audit Financial services Pretoria Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader

    Original URL path: http://annualreturns.corp.co.za/category/government/ (2015-12-05)
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  • Accounting | CORP
    a trade name and not through a company or corporation So as a sole proprietor you are Joe Black t a Better Photo Agency for example That is your business is Better Photo Agency and you are the only owner A CC or a company does not feature in this set up Your letterhead typically has Better Photo Agency in big at the top and Sole proprietor J Black in small at the bottom No registration number is displayed even if Better Photo Agency has been registered as a defensive name If you as an individual are registered for tax with SARS then there is no need to register your sole proprietor business for tax as it is not a separate legal entity and cannot be registered for tax as such You are the business and the business is you as it were and your business trading figures are reported to SARS as your own personal figures If you do not have a personal tax number then you will need to apply for one and that number is used when reporting your personal and business income Posted in Provisional Tax SARS Tax Tax Returns Tagged Accounting Business Joe Black Sole proprietorship Tax Leave a reply Sole proprietor South Africa Posted on 29 November 2012 by admin Reply Sole proprietor literally means the only owner A person a company or a trust can be the proprietor of a business For example a company ABC Elastics Pty Ltd runs a business called Special Elastic Suppliers It trades with that name and is is the owner of that business so it can be termed the proprietor of the business even the sole proprietor of that business But usually when we use the term sole proprietor we are referring to an individual human not a company who owns runs a business In order to establish your Sole Proprietorship in South Africa kindly follow the following procedure Trade Name Registration apply to register your t a trading as name Tax Registration apply for an income tax number for yourself if you do not have one this same tax number is used for the business because you are own the business Other registrations for your sole proprietorship include VAT Application register your business for Value Added Tax if needed or if 12 month turnover is R1m or more Annual Work annual financial statements and tax return after your first period of trading ending 28 February Please feel free to send us a message should you have any question Send Message Posted in sole proprietor Tagged Accounting Business Income tax Sole proprietorship South Africa Tax Leave a reply Close corporation tax rate Posted on 2 January 2012 by admin Reply In South Africa it s now 28 but you can pay less than that if you allocate more income to members at a lower rate thus reducing profit See Fixed Accounting for more Posted in Tax Tagged Accounting Corporate tax Tax tax rate Leave a reply Content

    Original URL path: http://annualreturns.corp.co.za/tag/accounting/ (2015-12-05)
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  • AUDIT | CORP
    relating to secretarial work and not to all non audit services Clearly from a practical perspective auditors were not aware that this was going to be made a requirement of the Companies Act Mr Agulhas said at the IRBA annual information session in Pretoria Several extensions were granted since then with final deadline on December 31 2018 which means that if the five year retrospective provision is applied the prohibition is effective from January 1 2014 Mr Agulhas said IRBA and the South African Institute for Chartered Accountants Saica had engaged with CIPC to have the section amended but had so far been unsuccessful He said there would be a transitional period for companies with ongoing contracts to make a decision on which service they would offer My personal view is that it the section will probably not change because CIPC has given us the background why they have written the section and the intention was that it should be applicable to the audit firm and not the auditor He said IRBA and Saica would continue with their efforts to have the section changed but audit firms would in the meantime have to ensure that they were compliant with the act as it stood now via Audit firms need to rethink their business models Financial Services BDlive Posted in audit firms government Tagged Accounting AUDIT Business Chartered Accountant Companies Act Financial audit Financial services Pretoria Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader

    Original URL path: http://annualreturns.corp.co.za/tag/audit/ (2015-12-05)
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  • Business | CORP
    an environment where the distinction between national and international markets is blurring and where competitive advantages are premised on innovation via Charting a new path for small business prosperity Opinion Analysis BDlive Start here corp co za services Related articles The Small Business Start Up Trifecta Series hiscoxusa com Exercise Your Independence Start a Small Business staples com Collaboration How Successful Small Business Owners Thrive business2community com Business Ideas in South Africa workyourwealthnetwork wordpress com Small Business Stories armadilloadvertising wordpress com 5 Key Benefits of SEO for your Small Business hireawizllc wordpress com Posted in start a business Tagged Africa Business Business and Economy Business plan Entrepreneur Small business South Africa The Accidental Entrepreneur The 50 Things I Wish Someone Had Told Me About Starting a Business Leave a reply 7 Small Business Ideas For 2013 Posted on 6 August 2013 by admin Reply Have you dreamed about starting your own small business for some time now 2013 can be the year when your dreams finally come true All you need to do is find a suitable business opportunity We ve come up with a few good business ideas just waiting to be implemented 1 Develop a daily deal website We all know how popular discounts and promotions are nowadays everybody loves them Don t let yourself get discouraged by the fact that you will have to compete with big names in the industry but focus on making your website work locally With proper online promotion your customer base will grow by the day 2 Start a dog walking service If you re an animal lover and have experience looking after dogs you can become a professional dog walker It may not seem like the most profitable business there is but if you build a loyal customer base you can turn actually make a nice living from doing something you enjoy and spend all day outdoors via 7 Small Business Ideas For 2013 Related articles Social Media Marketing Tips For Small Businesses nismonline org Feisty Enterprise Tip 7 Look For Multiple Income Streams to Survive the First Eighteen Months sme blog com Branded Clothing Get Your Business Noticed jitendravaswani wordpress com 4 Way Step to Gain Loyal Customers business2community com How Startups Can Triple Their Customer Base in a Year or Less tech co Posted in business ideas Tagged Advertising Business Customer Customer base Marketing Small business Social media Social media marketing Leave a reply 5 Lead Management Tips for Small Business Posted on 23 July 2013 by admin Reply Most small business owners understand how important it is to invest in online lead generation and they use a range of tactics including search advertising email marketing retargeting and more But according to research commissioned by InsideSales 55 percent of companies don t respond to new sales leads at all Why don t small businesses invest in lead management tools to organize and respond to leads Take a minute to think about how your business handles new sales leads What

    Original URL path: http://annualreturns.corp.co.za/tag/business/ (2015-12-05)
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  • Chartered Accountant | CORP
    services relating to secretarial work and not to all non audit services Clearly from a practical perspective auditors were not aware that this was going to be made a requirement of the Companies Act Mr Agulhas said at the IRBA annual information session in Pretoria Several extensions were granted since then with final deadline on December 31 2018 which means that if the five year retrospective provision is applied the prohibition is effective from January 1 2014 Mr Agulhas said IRBA and the South African Institute for Chartered Accountants Saica had engaged with CIPC to have the section amended but had so far been unsuccessful He said there would be a transitional period for companies with ongoing contracts to make a decision on which service they would offer My personal view is that it the section will probably not change because CIPC has given us the background why they have written the section and the intention was that it should be applicable to the audit firm and not the auditor He said IRBA and Saica would continue with their efforts to have the section changed but audit firms would in the meantime have to ensure that they were compliant with the act as it stood now via Audit firms need to rethink their business models Financial Services BDlive Posted in audit firms government Tagged Accounting AUDIT Business Chartered Accountant Companies Act Financial audit Financial services Pretoria Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive

    Original URL path: http://annualreturns.corp.co.za/tag/chartered-accountant/ (2015-12-05)
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