Harbour & Associates

There are four steps to obtaining your first letter of good standing from COID. First, your company has to register with SARS as an employer. Next, your company has to register with COID as an employer. You’ll have to disclose its PAYE reference number, the type of work it does, the machinery used, the number of employees and their anticipated total annual salaries. The registration can now be done on line. Once your registration has been processed, you will receive an invoice for the first fees. You must pay this invoice. When your payment has been processed, you can go…

It’s quick to form a company these days – about a week. But there are still some benefits to buying an existing shelf company rather than registering a new company. Benefits of buying an existing shelf company: 1. Time constraints due to tenders You might need a company NOW. This would typically be when you want to submit a quotation or tender and the customer will only buy from a registered company. 2. Specific company needs You may need a company with a particular registration such as VAT, Importer/Exporter and cannot wait while the registration goes…

So, you’ve read Company Basics and Trust Basics. Now here are some Tax Basics for companies. 1) There are three tax returns each year. The first and second provisional returns which must be submitted in August and February of the company’s tax year if the company year end is February, then the Annual Tax Return which is also submitted in February, but a year later. 2) The first and second provisional returns are based on the last assessed income, so until the company has…

We’ve been waiting for one registration since May. I decided to go to the WCC myself to find out what was wrong. As is the case at SARS, if you are friendly and courteous, they are only too pleased to help. This is what I learned. 1) If you submit by email to cfcallcentre@labour.gov.za. it will be 2 to 3 weeks before they even open your email 2) It is therefore far better to submit personally. 3) You will need a Power of Attorney from the director(s) even if you are the director yourself, appointing you to act on…

WCC

How do I get a Letter of Good Standing from COID?

Shelf companies serve a very useful purpose

Tax basics

Workmen’s Compensation Registration

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