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@mxolelimtati7178 13 сағат бұрын
The number and email address I had when my customer code was issued to doesn’t work anymore because I left the country and came back and now I and trying to log and I can’t, what can I do ? I have registered a new company
@swiftreg 13 сағат бұрын
Hi there, my advice would be to log a ticket on CIPC eservices platform. They should resolve this for you.
@mxolelimtati7178 13 сағат бұрын
@@swiftreg thank you boss, I will try that
@rohikam4205 2 күн бұрын
Hi new to property investment. how do I contact you and are you from Australia , Enjoyed you content vert much.
@swiftreg 13 сағат бұрын
Hi there, I am based in South Africa, so the tax rates and regulations I referred to are related to South Africa
@nobukhosisibanda5894 4 күн бұрын
Thank you, informative video
@swiftreg 13 сағат бұрын
You are Welcome!
@janeanejacobs2098 12 күн бұрын
Please assist i didn't not received a unique registration nr. But all the other details
@swiftreg 12 күн бұрын
Hi Janeane, I am sorry you are having a frustrating time. You are welcome to contact our call center on 021-5954433 should you want assistance. We charge R390
@mrchalk9 13 күн бұрын
This was fantastically detailed, thank you. Also a great bit of advice in the comments mentioning how having 1200 shares helps as it is has many number factors
@swiftreg 12 күн бұрын
Glad it was helpful!
@Humancnxn 13 күн бұрын
Hi, who does your video editing?
@swiftreg 12 күн бұрын
Over the years I have used three different video editors each with their own unique style, why do you ask?
@Humancnxn 9 күн бұрын
@@swiftreg The videos are absolutely stunning and very professional. I am only starting on my YT channel and I've come to realise that it takes a lot of work to edit and bring a great product out. So I was considering getting someone to do the editiing for me so I can focus on the content
@Steve.com01 13 күн бұрын
This guy is great
@swiftreg 13 күн бұрын
Thank you, much appreciated!
@psleochiloane4424 13 күн бұрын
what about company that deregistered on Cipc but at sars is not.
@swiftreg 13 күн бұрын
Then the good news is that half the job has been done for you. Remember SARS never automatically deregisters you like CIPC did for you.
@fikiswamiselo5015 14 күн бұрын
Hi, how do I change a PTY to a Co-Operative on the CIPC system?
@swiftreg 13 күн бұрын
Hi there, unfortunately this is not possible as CIPC does not all for it.
@LethokuhleZulu 20 күн бұрын
Can you please share the mandate form or template
@swiftreg 20 күн бұрын
Unfortunately, I don't have a template as we coded the form directly into the website in order to be dynamic with the input data.
@sibusisobright532 20 күн бұрын
Can you please updated since its has been changed
@swiftreg 20 күн бұрын
Yes, I agee. It is in the pipeline. I am just currently recovering from spinal surgery.
@jschompzy8017 23 күн бұрын
You are now my favourite South African youtuber. Keep up the amazing work brother ❤
@swiftreg 21 күн бұрын
Wow, thanks
@thulaninxumalo8864 24 күн бұрын
Very well educational video
@swiftreg 21 күн бұрын
Thank you
@zingisamaziko9200 25 күн бұрын
Hi, is it possible to change a Primary Cooperative to a Secondary Cooperative?
@swiftreg 25 күн бұрын
No, a Secondary Cooperative is registered from scratch and is made up of existing Primary Co-ops
@janinechinery4149 26 күн бұрын
Informative and clear video with some great advice. Thank you for sharing :)
@swiftreg 25 күн бұрын
Glad it was helpful!
@michaelndlovu6798 27 күн бұрын
Thank you for the very useful insight!
@swiftreg 25 күн бұрын
You are welcome!
@Pkay6 27 күн бұрын
Oh my bad thank you so much this is helpful
@swiftreg 25 күн бұрын
You are Welcome!
@Pkay6 27 күн бұрын
Are there tenders for marketing agents?
@swiftreg 25 күн бұрын
Yes, I am sure "marketing" can be used as a keyword. Please give it a try.
@sylism5086 29 күн бұрын
I’m so happy to have come across this channel.
@swiftreg 29 күн бұрын
That's great thank you for your support
@thedigitalawakening887 Ай бұрын
Important channel this
@swiftreg 29 күн бұрын
Much appreciated
@makasiparsad Ай бұрын
What if u only buy and sell 1 house at a time while still owning ur primary residence.. are all those buys & sells of ur non primary residence taxed? 🤔
@swiftreg 29 күн бұрын
Yes, that is correct your company will be considered as a "trading" company not an investment company and therefore taxed at the normal company tax rate.
@charneplayton3925 Ай бұрын
Thank you
@swiftreg 29 күн бұрын
Your welcome
@jeremytaylor4576 Ай бұрын
I have 3 companies I’ve kept up that are currently not operating. Two that are 2 years, one 6.5yrs. Names of them do not matter as they’re registered in Oklahoma, and the name can easily be changed online for a $50 fee to Secretary of State. So change the name to whatever you want. Have equally aged Facebook pages for a 2 year and the 6.5yr. One company is a remodeling company and is registered with the gov as a veteran owned small business and to maintain that registration ownership has remain 51% owned by a veteran. Give me a holler.
@swiftreg 29 күн бұрын
We are not in the market of purchasing shelf companies. In fact, we have stopped selling our own shelf companies due to the additional costs and bureaucratic complexities.
@tiaan_va Ай бұрын
Thank you for these videos, they are great at helping to navigate the often confusing world of tax and company operations :)
@swiftreg 29 күн бұрын
Glad you like them!
@skhuluzondi6736 Ай бұрын
how long does it take to receive a supplier number and the unique registration number?
@swiftreg 29 күн бұрын
It should be immediate
@skhuluzondi6736 29 күн бұрын
That's interesting, I still haven't received such...
@skhuluzondi6736 29 күн бұрын
I've only received a supplier no. Registration and I haven't received the other two that I have mentioned before
@logancampbell876 Ай бұрын
How is not charging interest on the loan account seen as a dividend? A dividend is from after tax profits. Reducing your shareholder loan is not an income or dividend, just reducing your loan by taking back your after tax money
@johan_jcbs Ай бұрын
The loan is from the company to you, the natural person. Because the company does not charge interest on that loan(to you- the shareholder) it is then a deemed dividend. Also it isn’t actual dividend it is just a dividend for tax purposes, so you will pay tax at the dividends’ tax rate on the interest that would have been charged
@swiftreg 18 күн бұрын
Thank you for clarifying that.
@mundusuys8739 Ай бұрын
There's no requirement to charge interest on credit loan accounts. It should not be confused with debit loan accounts, or loan structures subject to sec 7C where a trust is involved. Sec 7C only applies to individuals' loans receivable from 'trust' or 'company held by trust'.
@swiftreg 29 күн бұрын
That is correct, 7C has been a huge headache.
@tiaan_va Ай бұрын
Do these 3 options also apply if you register for turnover tax (less than 1mill) and for SBC companies?
@swiftreg Ай бұрын
HiTiaan, great question. Yes for SBC but not for Turnover tax.I have made a video on kzfaq.info/get/bejne/pZp4aNpl2bfdiKc.htmlsi=_DtgQN7r-jvhB-FR Tax incentives which to a certain extent covers your question.
@tiaan_va Ай бұрын
@@swiftreg Ah I see, thank you so much for linking to that video, was of great value to me 🙏
@terrillchristians Ай бұрын
Is Owner Financed used much as a financing option in South Africa?
@swiftreg Ай бұрын
I would suggest that owner financed is used in the majority of cases.
@terrillchristians Ай бұрын
VERY GOOD INFO!!!! great share- thanks, i look forward to your next video.
@swiftreg Ай бұрын
Awesome, thank you!
@terrillchristians Ай бұрын
Awesome video, so imformative, thank you
@swiftreg Ай бұрын
Glad it was helpful!
@ivalemfana Ай бұрын
Love your channel boet . I’m a big fan .
@swiftreg Ай бұрын
I appreciate that!
@sifisobrianngwenya2828 Ай бұрын
Your content is very much appreciated. Please do not stop ever producing content for us. May God bless you for this. Sharing such knowledge is just so kind of you.
@swiftreg Ай бұрын
So nice of you
@AndrewForte1 Ай бұрын
What about a loan from the company to me. No intention of repaying the/my company ever. Surely the interest charged is way less than the tax rate and then I wouldn't have to pay the interest anyways as it get's added onto the loan. Like the billionaires do it in USA with the banks?
@swiftreg Ай бұрын
Hi Andrew, your question is complex. Loaning money from your own company ends up being a nil sum game as you are borrowing from Peter to pay Paul. Everyone would be doing if it were viable. Regarding the debt, you can following Robert Kiyosaki example as long as the debt is covered by an income generating asset (such as rental) and you remain in positive cashflow. This is very difficult to achieve in South Africa especially with such high interest rates. So if you borrow money to by a sports car, this would be a very bad idea as the car is not an income generating asset.
@jansmit941 Ай бұрын
If I decide to close down my company, would I need to pay tax when transfering the company's already taxed assets to myself?
@swiftreg Ай бұрын
Hi there, if the company is closed down the assets (property) will need to be sold and this event will trigger Capital Gains Tax (20%) The income for the sale of the assets will go back to the company which in turn will have to distribute the proceeds as per the video.
@helperkhashane Ай бұрын
please advise on owners draw
@swiftreg Ай бұрын
Hi there, the size of the loan account is equal to the amount of money you invested into the business, so once you have depleted the draw down there is no more loan account.
@The_Fhedz Ай бұрын
Thank you. This is just what I needed.
@swiftreg Ай бұрын
Glad it was helpful!
@BuhleNgam Ай бұрын
THANK YOU VERY MUCH SIR, GOD BLESS YOU !
@swiftreg Ай бұрын
You are very welcome
@nomondefolkard8837 Ай бұрын
Hi there, I just need some clarity. So you are saying if a company is 100% owned by another company (holding company), it will the be classified as an affected company whether the holding company is an affected company (listed, public etc) or not?
@swiftreg Ай бұрын
Yes, that is correct
@nomondefolkard8837 Ай бұрын
@swiftreg much appreciated, thank you for your quick response.
@spexonthebeat3997 Ай бұрын
What If I never repay my loans account and just draw forever ? 😅
@swiftreg Ай бұрын
Hi there, you don't repay your loan account; the company owes you the money. Remember this is the money you invested to start the business.
@spexonthebeat3997 Ай бұрын
@@swiftreg okay I hear you, so what happens once the company has paid back the amount I invested? Can I still continue to draw?
@swiftreg Ай бұрын
No, your loan account would be depleted and therefore ceases to exist. You could loan money from the business but that is treated as a standard loan with interest.
@user-sq7qp8zy8g Ай бұрын
Thank you for sharing this. If I may, how does one go about registering for an NPO tax number?
@swiftreg Ай бұрын
I would recommend you contact SARS directly, sorry I could not be of more assistance.
@b.msimanga245 Ай бұрын
@@swiftregThank you for replying
@modwayshoes1672 Ай бұрын
These videos are brilliant! How are the investments of a PTY LTD taxed? Also After company expenses ?
@swiftreg Ай бұрын
In the same way as the other income, For Small business tax you can first deduct the expenses, but remember the income from the investment cant exceed 20 %
@kunzieb615 Ай бұрын
Interest on shareholder loan account is not free. Be clear. Only the principla of the loan is untaxed.
@swiftreg Ай бұрын
Yes you are correct the equity loan is interest free.
@sedgyd Ай бұрын
What I learnt the hard way, was that if your company is going south, or most likely going to….don’t take a salary, draw down on your loan account as there is no PAYE tax liability……..these is a company tax liability, but when you liquidate, SARS will most likely write up this off….unless, they can prove that you were a negligent/fraudulent director….
@swiftreg Ай бұрын
I would agree, but the situation could be more complex especially if there is surety involved
@unlimitedideas1572 Ай бұрын
Thank you.
@swiftreg Ай бұрын
You're welcome!
@gavinarnoldgoodman3248 Ай бұрын
Thank you so much this was something I looked for for ages.
@swiftreg Ай бұрын
Glad I could help!
@JetJungle Ай бұрын
What about companies that are de-registered on SARS but not on CIPS or vice versa ?
@swiftreg Ай бұрын
No problem it just means that half the work has been done for you.
@marietjieviljoen9797 Ай бұрын
Please help me and spell it out for me? : 100% shareholder of a Non-affected company. Now which do I choose? with or without beneficial ownership.
@swiftreg Ай бұрын
Hi there, is there shareholder an individual? If so, then with beneficial ownership.
@marietjieviljoen9797 Ай бұрын
@@swiftreg yes. Thank you. It is an individual. Appreciate your feedback.
@oldyoung1001 Ай бұрын
im so grateful for this video🙏
@swiftreg Ай бұрын
I'm so glad!
@user-pw7bo3lq1h Ай бұрын
Wonderful thank u
@swiftreg Ай бұрын
Our pleasure!