June 5, 2024

Why Should You Hire an Accountant?

When business owners work on growing their companies, budget constraints often push them towards a do-it-yourself approach to managing their finances. Many see hiring a professional for bookkeeping or accounting as an unnecessary expense. However, this viewpoint fails to recognise the tangible advantages that an accountant can offer. It’s important to reframe this decision, not as a luxury but as a strategic investment that can lead to meaningful benefits for the business. The hidden costs of DIY financial management When you choose to handle your business’s financial tasks on your own, you’re not just sacrificing your weekends—you might also be […]
March 22, 2024

2024’s Top Risks for Corporate Leaders

In 2024, corporate leaders in South Africa and around the world are facing more legal challenges than ever before. As the business environment becomes more complex, directors and senior officials are finding themselves at a heightened risk of litigation across a variety of fronts. Factors increasing legal risks for corporate leaders The business world is evolving rapidly, with several factors contributing to the increased legal jeopardy for directors and senior officials. These include: Economic and geopolitical instability: Economic and geopolitical instability places the global economy under significant strain, with inflation hitting highs not seen in a decade and the cost […]
October 31, 2023

The requirements for a registered office of a company

One aspect that is often not considered in great detail during the formation and registration of a juristic person in South Africa is its registered office, also often referred to as its registered address. Parties often opt to use a convenient location as a company’s registered address and do not give it sufficient consideration when registering a company or when moving a company from one location to another. This article will briefly consider the legal requirements relating to a company’s registered office. The Companies and Intellectual Property Commission (CIPC) has done a great deal to streamline the processes which it […]
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