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Registration 

Registering a new business can be a lengthy process when you do not know where to start or who to ask, but thank goodness SC-Admin is there to give you a helping hand. There are so many benefits to registering a business; you can transact with a local or national government, get start-up funding, attract local or international investors, and then there is the magical Tax applied to SBC’s (Small Business Corporations).

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Compliance 

In addition to registering a business entity, there is also the ongoing compliance that needs to be taken care of e.g. Income Tax, PAYE/UIF (if you have staff), VAT (compulsory when your business reaches a total turnover of R1 million per annum or voluntary at R50 000 should you choose to be registered), Payroll (EMP201 & EMP501), Workman’s Compensation (COID). Depending on the industry many other requirements have to be taken care of. We are experienced in all aspects of business compliance and can help the Entrepreneur on their way with the minimum of fuss.

Frequently Asked Questions 

Why should you register your business?

Why you should register your business: When your business is registered, your personal and business finances will be treated separately. This means that your personal assets cannot be seized to repay debts owed by your business and you cannot be held responsible for the debts unless you have personally guaranteed them.

What is business compliance?

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organisations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations

Frequently Asked Questions 

Why should you register your business?

Why you should register your business: When your business is registered, your personal and business finances will be treated separately. This means that your personal assets cannot be seized to repay debts owed by your business and you cannot be held responsible for the debts unless you have personally guaranteed them.

What is business compliance?

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations

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Administration 

When you are compliant to the ‘TEE’, it is time to ensure your business has a solid administrative system to check profits/losses, and the necessary expenditure for growth. Good record keeping is important, as it will highlight whether progress is being made. Structure development and implementation is a key focus for improving the skill set of both the business owner & staff. Financial and Management Accounting processes, assist with improvements when the business is not doing well, and capitalising when it does. Management Reporting gives an overview through the Income Statement, Balance Sheet, and Cash Flow. This helps when making provision for all the different Taxes, and other compliance requirements

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Payroll & HR

When your business reaches its growth goal and you have to employ staff, there are mandatory requirements that have to be met. This is a tricky area to navigate when your knowledge is limited. We can assist by providing this service either as an outsource provider (recommended due to its confidential nature) or we can train the business owner on how to perform this function. We attend to HR matters e.g. disciplinary measures that need to be addressed when staff members do not comply with the company policies and procedures for management to maintain their working relationships with their employees.

Frequently Asked Questions 

What is business administration?

Business administration is all aspects of overseeing and supervising business operations from a management and leadership point of view, which includes accounting, financial administration, project management and marketing.

What is Payroll & HR?

Payroll functions are covered by the human resources department in most organisations. It requires knowledge of labour practices and regulations that affect employees and how to deal with those efficiently and effectively.

Frequently Asked Questions 

What is business administration?

Business administration is all aspects of overseeing and supervising business operations from a management and leadership point of view, which includes accounting, financial administration, project management and marketing.

What is Payroll & HR?

Payroll functions are covered by the Human resources department in most organisations. It requires knowledge of labour practices and regulations that affect employees and how to deal with those efficiently and effectively.