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CICP Update must be submitted before annual return

Just a quick note to businesses – as of yesterday CIPC issued a notice that from 01 September, annual return filings can only proceed once your Annual Financial Statements (or Financial Accountability Supplements) have been uploaded. The CIPC filing process will enforce this.So your AFS or FAS must be uploaded to CIPC before submitting your Annual Returns.Make sure you don’t delay the process. Give yourself time to comply before incurring penalties.For more assistance on annual returns and submissions in XBRL ...

Get your financials in order

Get your company annual financial statements compiled, tax submitted and CIPC returns all-in-one. Sorted!With ConsultX, you get:high-quality, IFRS and IFRS for SME’s compliant financial statements, compiled by an experienced CA(SA);accurate and timely tax returns, getting the most from your tax submission;CIPC return and annual financial statements submitted in the mandated XBRL format, ensuring all-round compliance.And if you need a consultant to help you get it all together, we’re there for you too!

US Correction on the cards

I have a feeling the Dow Jones is heading for a big correction from 25650 to 23 something..or lower. With the current China trade wars, I don’t think the US market can sustain this rate of growth. Analysts are telling us that the fundamentals are not strong enough. Right now, the US is just deferring the bad news.I suspect this means a forthcoming opportunity for Southern Africa, where we will see a swing in the next year or two. The ...

CICP Annual Return

Just a reminder to all entities who are required to submit Annual Financial Statements (AFS) with your annual return:You must upload your latest approved audited Annual Financial Statements.You have up to 30 days from your annual return due date. Thereafter you will be non-compliant and subject to penalties.Who should submit AFS: Private or personal liability companies that are required to be audited by the Companies Act, 2008 or regulation 28. (Or if you elect to be audited)The AFS must be ...

5 Stages of Small business growth

In my morning reading I found this great research article in the Harvard Business Review – https://hbr.org/1983/05/the-five-stages-of-small-business-growth. It was written originally in 1983! But as with most good empirical research, I find it still very relevant today.In my personal entrepreneurial journey and with my clients, I have been looking to understand how businesses grow, and what common factors lead to success or failure. This article provides a great perspective, with a sensible and applicable model for business owners to use ...