Is PBO approval important for South African non-profits?
Is PBO approval important for South African non-profits? Over the years of consulting in the non-profit sector, we have frequently encountered organisations which have never applied for PBO approval or income tax exemption with SARS. The reasons provided for not having done so are often based on false beliefs such as: All non-profits are automatically […]
New CIPC Compliance for Non-Profit Companies in 2020
From 1 January 2020, the Companies and Intellectual Property Commission (“CIPC”) will make it mandatory for companies, before submitting their annual returns, to complete a compliance questionnaire. This will intensify the CIPC’s compliance enforcement as the questionnaire will be used to assess areas of non-compliance with the Companies Act (“the Act”). The CIPC will then […]
Light bulb moment #5: Presentation of Annual Financial Statements
When you prepare your annual financial statements, do you: A) Go for the “bare minimum” option; or B) Look for a presentation that will give your stakeholders and your potential funders a clear and easily understood picture of your financial health? In answering A, we are sure that you are looking to minimise costs whilst […]
