Taking Care of the Legal Stuff Tyronne Nel - PheZulu Business Management & Catherine Young – Thinkroom Consulting

Meet Tyronne Nel | tyronne@phezulu.net Founder of PheZulu Business Management 20 years experience in SME development Created first SME business management franchise in RSA Passion for helping entrepreneurs take their ideas from conception to success Successfully franchised to assist SME’s on a national level Performs all back office functions so you can do what you do best - run your own business

Meet Catherine Young | ‏@CatherineHYoung Owner – Thinkroom Consulting SME development across all industries and sectors SME development strategies for corporate organisations Background Corporate companies: Shoprite, Chevron, Deloitte, Ariba Twenty years experience in various positions held relating to supplier and small business development

What are “Statutory Requirements”? Income Tax UIF Workman’s Compensation Skills Development Levy (SDL) Pay as you earn (PAYE) VAT

Statutory documents to be submitted annually Income Tax 3 forms (IRP6/1, IRP6/2 and IT14- Sole Proprietors included UIF 12 forms (1 x UI-19 form for each month) Comp Com 1 form submitted annually PAYE 14 forms (1 x EMP201 form p/m & 2 x EMP501 recon forms) SDL Covered by PAYE form VAT 6 forms (1 x VAT201 for each VAT cycle)

Tax clearance certificate Further registrations at various business stages Annual return BBBEE certification Tax clearance certificate PAIA manual Employment equity

SARS website: www.sars.gov.za