Annual Returns

Annual Returns – Completion and Submission

Biz Facility, announces a new service to clients – the compilation and submission and Annual Returns for both companies and close corporations.

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The Companies Act of 2008 requires that every juristic persons (companies and close corporations) are required to submit their annual return to CIPC, within 30 days from the annual anniversary date of the entity’s registration.

Additionally, the return must be accompanied by the entities approved AFS (annual financial statements) and PIS (Public Interest Score) calculation.

*Failure to provide this submission, will result in your entity being deregistered by CIPC.

 

Biz Facility will provide this service to clients on receipt of the template below.

“Right Click and select save Target/Link as”

Our fees, detailed below, are exclusive of late submissions, as a result of client missing the deadline, and will be invoiced separately. Late submission fees range between R 150,00 and R 1,000,00 per submission.

Close Corporations

  1. Turnover < R 50m: Fee of R 800.00
  2. Turnover > R 50m: Fee of R 4,900.00

..

Companies

  1. Turnover is < R 1m: Fee of R 800.00 li>
  2. Turnover is > R 1m, but less than R 10m: Fee of R 1,250.00
  3. Turnover is > R 10m but less than R 25m: Fee of R 2,800.00
  4. Turnover is > R 25m : Fee of R 3,800.00

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An annual return is a summary of the most relevant information pertaining to a company and close corporation. By lodging annual returns companies and close corporations ensure that the CIPC is in possession of the latest information. It also confirms that the company and close corporation is still in business or will be doing business in the near future.

All companies (including external companies) and close corporations are required by law to lodge their annual returns with CIPC (previously CIPRO) within a certain period of time every year. An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.


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Rene Nienaber 21/10/2021

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Hi Ruzel

I would really like to thank you for the time you took to understand and answer my questions from the webinar.
I have been struggling to find someone to clarify this for me.

Thank you so much, it really does help!


Kind Regards,
Financial Manager

HR - Unionsteel 12/10/2021

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Excellent Thank you. That was very informative. Good content,
great presenter and been left with good overall picture
of all that is needed for company to be compliant and
some very nice resources. Thank you

Geraldine Joubert 09/10/2021

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Thank you for a great excel presentation. Is it possible to get the recording for session2?


Partner
Swart Redelinghuys Nel & Partners Inc

Noxolo Mandita 26/07/2021

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I would like to submit completion of the below course.

Debt Collection Management Online Course

I enjoyed it very much and it was very straight forward to understand 😃

Warm regards,

Eileen 13/07/2021

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Thank you so much, these courses are so informative.

I am enjoying doing the online learning with your company.

Thank you once again.
Have a Fabulous Friday
Kindest Regards

Liezel Potgieter 28/05/2021

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Hi Ruzel,

Ek moet ook vir jou by se dat jy die kursusse EXCELLENT aanbied, jy praat mooi en duidelik.

Baie dankie vir die wonderlike werk wat jy doen.

Ek sal jou defnitief aanbeveel vir enige iemand.

Angie Rhode 13/05/2021

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It was a lovely course, thank you so much

If you are doing more, please add me to your mailing list. I have over 1200 staff who can benefit from these courses.

General Manager
Essential Cleaning Services

Chantal Thysse 13/05/2021

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Thank you for the survey, it’s greatly appreciated.

And, A Big Well Done To You Ruzel!

You can be super proud of another excellent event and handling such a big group.

Jennifer from our office also gave the following feedback: “I loved the course. Ruzel is brilliant in presenting and so easy to understand. She is excellent.”

I would also like to thank Ashton and Matthew who are always ready to assist when it comes to coordinating and IT-related issues.

It’s such a pleasure working with the Bizfacility Team.

Regards,

Badia, Icon Oncology 07/04/21

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The VAT Taxable Supplies & Input Tax Credits was VERY GOOD. I repeat it was VERY GOOD

Samantha, Magic Light Box 01/06/21

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I really do appreciate your assistance
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