The requirements for a registered office of a company

One aspect that is often not considered in great detail during the formation and registration of a juristic person in South Africa is its registered office, also often referred to as its registered address. Parties often opt to use a convenient location as a company’s registered address and do not give it sufficient consideration when […]

Strategies for responsible store card usage

Store cards offer numerous advantages, but it’s crucial to utilise them wisely and responsibly while maintaining financial discipline. Store cards provide a convenient way to purchase items when needed, possibly with no interest, as well as additional benefits like access to affiliated stores, loyalty club memberships, and exclusive offers that are not available to the […]

When to register your business for VAT

There’s a compulsory threshold, but there may be advantages to voluntary registration. Value-added Tax (VAT) registration is a crucial obligation for businesses operating in South Africa. Knowing when to register for VAT is essential to comply with tax laws and avoid penalties. This article discusses the circumstances under which businesses must register for VAT in […]

Retirement planning – Distributing retirement fund death benefits

Allocating death benefits, and determining appropriate methods of payment Once the board of trustees has determined the beneficiaries and is satisfied that its proposed allocation is fair and equitable, the beneficiaries must elect how they would like to receive the death benefit. The final duty of the trustees is to determine the most appropriate manner […]