We inform and educate our viewers on all matters related to small business especially start-ups. We cover topics ranging from business ideas to business finance for entrepreneurs.
We also discuss and explain the various types of business registrations and guide the viewers through the potential pitfalls. We strive to make this channel a must watch for all entrepreneurs on their journey to success.
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Hi there, not to worry, CIPC returns the document unsigned. We just include a copy of the signed documents for our clients because some banks used to insist on it..
This is somone who Not only takes PRIDE in the aesthetics of his video content 🥰😃😃, but also Voice (audio capturing quality) 🥰👌👌👌, Not to mention the quality of the Graphics/illustrations he use (using ALL the space available on the screen, No thick black borders and poor-quality-pixellated scruffy portrait screenshots), BUT most importantly . . . . . . . . . wait for it boetie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . waitttt . . . . . . . . . . . . . . . . his method of SEQUENCING the ideas and concepts PRO-PER-LY in their LOGICAL flow 💥💥😝😝😍😍😍 👌👌👌👌 (something that's usually a BIGGGGGG fail in almost all the RU-vid world 😳😳) i am BLOWWWNN away by his meticulous arrangement, laying out and FLOW/unfolding of the concepts involved in this topic . . . which is a topic that is often grossly and carelessly-so reduced to "ughh, u know what jst use a kampny bru".
Thank you sooo much for the information. I am from Swaziland now Eswatini. I would like to sell certain products on TAKEALOT.....and I was told I need to have a South African Bank account and a registered business in SA. I will do my business remotely.....as I will ship my products to Takealot Warehouses......I just need the papers to be approved as a seller. Can you help and please help advise.
SARS must follow very specific procedures to collect money, but I have never heard of them deducting from UIF before. Did they deduct moony from your UIF payout?
No, but I did receive an auto assessment statement so I did understand but I did ask someone to explain to me turns out I don't owe them, they don't owe me either.
The number and email address I had when my customer code was issued to doesn’t work anymore because I left the country and came back and now I and trying to log and I can’t, what can I do ? I have registered a new company
Hi Janeane, I am sorry you are having a frustrating time. You are welcome to contact our call center on 021-5954433 should you want assistance. We charge R390
This was fantastically detailed, thank you. Also a great bit of advice in the comments mentioning how having 1200 shares helps as it is has many number factors
@@swiftreg The videos are absolutely stunning and very professional. I am only starting on my YT channel and I've come to realise that it takes a lot of work to edit and bring a great product out. So I was considering getting someone to do the editiing for me so I can focus on the content
What if u only buy and sell 1 house at a time while still owning ur primary residence.. are all those buys & sells of ur non primary residence taxed? 🤔
Yes, that is correct your company will be considered as a "trading" company not an investment company and therefore taxed at the normal company tax rate.
I have 3 companies I’ve kept up that are currently not operating. Two that are 2 years, one 6.5yrs. Names of them do not matter as they’re registered in Oklahoma, and the name can easily be changed online for a $50 fee to Secretary of State. So change the name to whatever you want. Have equally aged Facebook pages for a 2 year and the 6.5yr. One company is a remodeling company and is registered with the gov as a veteran owned small business and to maintain that registration ownership has remain 51% owned by a veteran. Give me a holler.
We are not in the market of purchasing shelf companies. In fact, we have stopped selling our own shelf companies due to the additional costs and bureaucratic complexities.
How is not charging interest on the loan account seen as a dividend? A dividend is from after tax profits. Reducing your shareholder loan is not an income or dividend, just reducing your loan by taking back your after tax money
The loan is from the company to you, the natural person. Because the company does not charge interest on that loan(to you- the shareholder) it is then a deemed dividend. Also it isn’t actual dividend it is just a dividend for tax purposes, so you will pay tax at the dividends’ tax rate on the interest that would have been charged
There's no requirement to charge interest on credit loan accounts. It should not be confused with debit loan accounts, or loan structures subject to sec 7C where a trust is involved. Sec 7C only applies to individuals' loans receivable from 'trust' or 'company held by trust'.
HiTiaan, great question. Yes for SBC but not for Turnover tax.I have made a video on ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-o4H5w4tQyXs.htmlsi=_DtgQN7r-jvhB-FR Tax incentives which to a certain extent covers your question.
Your content is very much appreciated. Please do not stop ever producing content for us. May God bless you for this. Sharing such knowledge is just so kind of you.
What about a loan from the company to me. No intention of repaying the/my company ever. Surely the interest charged is way less than the tax rate and then I wouldn't have to pay the interest anyways as it get's added onto the loan. Like the billionaires do it in USA with the banks?
Hi Andrew, your question is complex. Loaning money from your own company ends up being a nil sum game as you are borrowing from Peter to pay Paul. Everyone would be doing if it were viable. Regarding the debt, you can following Robert Kiyosaki example as long as the debt is covered by an income generating asset (such as rental) and you remain in positive cashflow. This is very difficult to achieve in South Africa especially with such high interest rates. So if you borrow money to by a sports car, this would be a very bad idea as the car is not an income generating asset.
