Non Profit Organisation

What is a Non Profit Organisation? The Non Profit Organisations Act 71 of 1997 states that a Non profit Organisation is ‘a trust, company or other association of persons –…

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Administrative Penalty

What is Administrative Penalty? An Administrative Penalty (Admin Penalty) is a penalty in accordance with the Tax Administration Act (TAA). The Act prescribes the various types of non-compliance which are…

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Filing of annual returns

What is an annual return? An Annual Return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. The purpose for…

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Financial aid for close corporations, companies and trusts

Businesspartners is offering financial aid in the form of an unsecured interest-bearing loan of between R250 000 and R1 million coupled with a non-repayable grant of R25 000 per qualifying business. The loan portion…

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Financial Aid For Formal Sole Proprietors

Business Partners is offering formal sole proprietors, a grant of R25 000 per qualifying business to be used to pay for overheads. Who are formal sole proprietors? According to their…

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