Ziyo News: NPO Register Clean-Up Ahead!
Are you aware of the implications? The Department of Social Development has announced its plan for NPO de-registrations. Nicole Copley from ngoLAW dives into everything you need to know and what steps to take.If you need any assistance with Accounting Officer reports or preparing annual financial statements, in order to become compliant, please contact us […]
Ziyo News: September 2024 – Why Independent Reviews are a Helpful Tool for Non-Profit Companies
It is a myth that Non-Profit Companies (NPCs) can choose whether or not to obtain some form of assurance in relation to their annual financial statements. NPCs need independent reviews or audits conducted within six months of financial year end primarily because the Companies Act mandates this requirement. We believe that this is because unlike […]
Ziyo News: July 2024 Newsletter – Sneaky Scammers in SARS Clothing: Popular Current Taxpayer Scamming Methods
Most of us tend to feel panicky when receiving correspondence from SARS, especially if it is marked “urgent” or if it threatens legal action or some other dire consequence. Unfortunately, there continues to be a growing trend of scammers using this anxiety to easily persuade organisations and individuals to make payments to fraudulent bank accounts, […]
Ziyo News: April 2024 – Submissions to SARS by section18A approved organisations
SARS has now announced that the Third Party Data Annual Submissions process (for the period 1 March 2023 – 29 February 2024) will open on 1 April 2024 and close on 31 May 2024. Are non-profit organisations affected and, if so, which ones? SARS requires approved section 18A organisations to complete and file the new IT3(d) […]
Ziyo News: Newsletter August 2023
Remembering the true cost of employees is crucial for non-profit organisations as their most valuable resource is their people, who drive the services and objectives. As employee costs may be challenged by funders, it’s vital to fully reflect and support these costs in budgets, especially when considering new positions. Understanding “full cost recovery” is key […]
Ziyo News: Newsletter March 2023
At the end of 2022, we reported on likely updates to s18A receipt requirements. Well, they have now been finalised in the Government Gazette! If your organisation has approved section 18A status from SARS, this newsletter is to alert you to the fact that the following information must be included on a receipt issued in terms […]
Ziyo Year-End News
Office closure It’s the end of the year and we will be closing our offices both physical and virtual from Friday 16th December and re-opening Wednesday 4th January. We wish you all a relaxing holiday season. Likely updates to s18A requirements If your organisation has approved section 18A status from SARS, this newsletter is to alert you […]
Do We Care Enough About Cash Flow?
One of the biggest challenges for most non-profits is management of the organisation’s cash flow – if not managed well, it can become one of the main reasons for organisational failure. To make it worse, looming problems can escape our notice because we often look back at past performance more than we look ahead. That […]
Nonprofit Organisations Amendment Bill
We are hoping that many of you are already aware of the above Bill and that you have submitted your response to it. If not, this newsletter briefly updates you on the intentions of the Bill and the issues that are concerning the non-profit sector about the Bill, as comments must be submitted by no […]
Investment Of Reserves Policy
Having been committed, for more than 25 years, to assisting non-profit organisations in their quest to become more financially healthy and sustainable, Ziyo has previously stressed the importance of a reserves policy. Such a policy frames the strategic financial objective of building reserves which can both protect NPO’s from temporary cash flow crises and provide […]
