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SwiftReg Company Registration
South Africa
Приєднався 9 гру 2011
SwiftReg Company Registration
We inform and educate our viewers on all matters related to small business especially start-ups. We cover topics ranging from business ideas to business finance for entrepreneurs.
We also discuss and explain the various types of business registrations and guide the viewers through the potential pitfalls. We strive to make this channel a must watch for all entrepreneurs on their journey to success.
I hope you enjoy our channel and keep watching. We will appreciate it if you would subscribe and ring the notification bell as I will be posting quality videos on a regular basis.
Please keep in touch
Douglas
We inform and educate our viewers on all matters related to small business especially start-ups. We cover topics ranging from business ideas to business finance for entrepreneurs.
We also discuss and explain the various types of business registrations and guide the viewers through the potential pitfalls. We strive to make this channel a must watch for all entrepreneurs on their journey to success.
I hope you enjoy our channel and keep watching. We will appreciate it if you would subscribe and ring the notification bell as I will be posting quality videos on a regular basis.
Please keep in touch
Douglas
Calculate your Brands True Value: From Perception to Profit
In this video I will try to explain why all established businesses both large and small should calculate the value of their brand and then capture it as a line item on their balance sheet. The intention is to calculate the loyalty of your customer base and express it as a value in the financial statements.
The are two good reasons for this, the first is that it allows you to track the growth or decline of your brand value which in turn will help you to determine if your marketing is effective or not.
The second reason is that if you intend to sell your business you can justify a higher price as the purchaser will be required to spend less money to keep the business profitable due to the loyal customer base which supports the brand.
So how do you go about determining the value of your brand? Before the 1950’s no company placed any value on brands. However, as the marketplace became more competitive, brands began to become the differentiating factor between similar products or services. The importance of brands and brand valuation has just continued to grow since then.
Today there are three main methods of valuating your brand, the first is the market-based valuation method which compares your brand to similar brands in the market that have recently been sold. This method can be restrictive as there may not be a lot of comparable data.
The second method is the cost-based technique which calculates the brand value by adding up all of the historical costs incurred to create the brand including advertising and promotions. This method is useful for new brands.
The third method is the income-based method which takes the brands current earnings and projects that 10 years into the future and then discounts that value back to the present day. This method is good for established business.
Each method has its pros and cons as can be seen from this table. In addition, there is a certain amount of subjectivity and estimation so the valuations could vary wildly. For this reason, it may be a good idea to use more than one method. My advice is to select a method that can be justified and remain consistent in the long-term to ensure comparability as this will help with sound data driven choices.
Let’s consider SwiftReg as an example. Utilizing Google Analytics, we compare the number of searches containing 'SwiftReg' with generic searches. This data provides a ratio which we can use against total online sales, enabling us to calculate the current online brand-related revenue. When combined with revenue from walk-in clients, this figure becomes a pivotal component of the income-based method.
Alternatively, this value can be expressed as a percentage by dividing it by the total revenue. Brands boasting over 80% in this metric demonstrate exceptional strength.
In conclusion brand value, is captured as an intangible asset and at the same time offset as retained income on the balance sheet. Depending on your tax jurisdiction there may be some tax implications both positive and negative, so best to discuss this with your accountant.
I hope you have found this informative so as always remember WE ARE HERE TO HELP
The are two good reasons for this, the first is that it allows you to track the growth or decline of your brand value which in turn will help you to determine if your marketing is effective or not.
The second reason is that if you intend to sell your business you can justify a higher price as the purchaser will be required to spend less money to keep the business profitable due to the loyal customer base which supports the brand.
So how do you go about determining the value of your brand? Before the 1950’s no company placed any value on brands. However, as the marketplace became more competitive, brands began to become the differentiating factor between similar products or services. The importance of brands and brand valuation has just continued to grow since then.
Today there are three main methods of valuating your brand, the first is the market-based valuation method which compares your brand to similar brands in the market that have recently been sold. This method can be restrictive as there may not be a lot of comparable data.
The second method is the cost-based technique which calculates the brand value by adding up all of the historical costs incurred to create the brand including advertising and promotions. This method is useful for new brands.
The third method is the income-based method which takes the brands current earnings and projects that 10 years into the future and then discounts that value back to the present day. This method is good for established business.
Each method has its pros and cons as can be seen from this table. In addition, there is a certain amount of subjectivity and estimation so the valuations could vary wildly. For this reason, it may be a good idea to use more than one method. My advice is to select a method that can be justified and remain consistent in the long-term to ensure comparability as this will help with sound data driven choices.
Let’s consider SwiftReg as an example. Utilizing Google Analytics, we compare the number of searches containing 'SwiftReg' with generic searches. This data provides a ratio which we can use against total online sales, enabling us to calculate the current online brand-related revenue. When combined with revenue from walk-in clients, this figure becomes a pivotal component of the income-based method.
Alternatively, this value can be expressed as a percentage by dividing it by the total revenue. Brands boasting over 80% in this metric demonstrate exceptional strength.
In conclusion brand value, is captured as an intangible asset and at the same time offset as retained income on the balance sheet. Depending on your tax jurisdiction there may be some tax implications both positive and negative, so best to discuss this with your accountant.
I hope you have found this informative so as always remember WE ARE HERE TO HELP
Переглядів: 312
Відео
Affiliate Marketing Opportunity with SwiftReg
Переглядів 6337 місяців тому
To join our affiliate program and earn 20% of the Gross Profit on all our successful sales that originate from your website. Please use the following link to sign up for free swiftaffiliate.co.za/ or click on www.swiftreg.co.za/index.aspx Are you an Accountant? Bookkeeper? Attorney? or someone looking to earn a generous 20% commission on every company registration, amendment, or any of our 30 b...
Unlocking Secrets of Beneficial Ownership as required by CIPC
Переглядів 3,3 тис.7 місяців тому
Beneficial Ownership Calculator: www.swiftreg.co.za/swiftreg/products/beneficial-ownership.aspx Beneficial Ownership has become a compulsory registration for ALL companies regardless of their size. It is mandated to identify and record the actual individuals or "warm bodies" who ultimately own or control the company. Whilst the intention may be noble; as it is intended to curb and expose those ...
Tax Incentives for Small Business Explained
Переглядів 7898 місяців тому
Did you know that there are 12 different tax incentives available for businesses in South Africa, ranging from export incentives to manufacturing incentives, special economic zones, youth employment incentives, and the latest green economy incentives. However, in this video, I will focus on the small business tax incentive. Understanding the small business tax incentive is crucial for entrepren...
Voluntary Deregistration of Companies
Переглядів 4,2 тис.9 місяців тому
Hi there Thank you for watching the video; Please use the following link if you would like assistance with a Public Officer Appointment: www.swiftreg.co.za/Swiftreg/Products/Public_Officer_Appointment.aspx Please use this link for assistance with Annual Returns: www.swiftreg.co.za/Swiftreg/Products/Annual_Return.aspx Please include the following information and wording on your company letterhea...
Unlocking Tax Clearance for Nonprofit Organizations: A Step-by-Step Guide
Переглядів 9229 місяців тому
Please used the following link log in and select NPC MOI tax exemption www.swiftreg.co.za/Swiftreg/Products/Adoption_MOI.aspx In this video, I will explain how to apply for tax exemption status for your non-profit company. The process is identical for both NPCs and NPOs. Just a reminder, NPC are non-profit companies registered with CIPC while an NPO’s are Non-profit Organisations registered wit...
Should I buy a property in a company, a trust or in my personal name?
Переглядів 12 тис.11 місяців тому
Should I pay myself a salary, a dividend or draw down on my loan account? Vital information for ALL entrepreneurs. ua-cam.com/video/8pTbp7y314I/v-deo.html In the first scenario the property in owned your personal name. If you live in the property it is considered to be your primary residence. This is good news from a tax perspective, as the first R2m of profit you make on the sale is exempt fro...
Startup to IPO How the Founders Shareholding Changes
Переглядів 716Рік тому
In this video I’ll discuss how the shareholding of a company evolves from a start-up all the way through to a public listing on a stock exchange, which is also known as an Initial Public Offering or IPO. I’ll explain what some of the jargon means and hopefully demystify some of the concepts, so let’s enjoy the video together. To illustrate this journey, I have used the data of over 700 IPOs in ...
Starting a Business: To Go Alone or Team Up? Here's What You Need to Know
Переглядів 1,4 тис.Рік тому
For a Shareholders agreement that is optimised for South African Private Companies, please use the link below: www.swiftreg.co.za/Swiftreg/products/ShareholdersAgreement.aspx Should you start a business on your own; or with co-founders? In this video I will discuss this question with special emphasis on 50-50 shareholding and end off with an example of my own experience. I hope you find it usef...
Co-op Membership Management. Print your own membership certificates
Переглядів 1,8 тис.Рік тому
In this video I will explain everything you need to know about managing all aspects of your Co-op membership to ensure that you remain compliant with the Co-op Act. The Act places a large responsibility on the directors to maintain a members and directors register and I will demonstrate how easy we have made this task as well as how to generate compulsory membership certificates and end off by ...
ShareVault
Переглядів 2,4 тис.Рік тому
A one minute introduction to www.sharevault.co.za A South African Site to assist you in creating your share certificates, and process director changes on South Africa Companies
Buying an Existing Business vs Starting a new one
Переглядів 4 тис.Рік тому
Thanks for watching, if you would like assistance with registering a new company. Please click on the following link: www.swiftreg.co.za/Swiftreg/products/Company_registration.aspx As mentioned the Advantages and Disadvantages START-UP (Advantages) Cheaper (but not always) You can create your own culture You get the choose the employees No legacy Issues You get to shape the business the way you...
Shareholders Agreement Explained
Переглядів 11 тис.Рік тому
Please use the link below to purchase your own Shareholders Agreements for R950: www.swiftreg.co.za/Swiftreg/products/ShareholdersAgreement.aspx It is drafted by a Advocate with years of experience in Company Law Compatible with the Companies Act and Standard MOI Script to follow..... This video has everything you need to know about shareholders agreements and highlights the most important clau...
The 3 Toughest Job Interview Questions - Best Answer (Includes Script)
Переглядів 277Рік тому
Question 1: What is your salary expectation? Answer: Based on my research I am aware that the current industry average salary for a similar position is between $50 to $60k. I believe that based on my experience and work ethic my value is closer to the higher end of this range, however I understand that you do not know me therefore I will be comfortable with a salary of $57k. I would like to add...
Death of a Director, what happens to the company? Three scenarios explained.
Переглядів 3,9 тис.Рік тому
For a Consultant to assist you in drafting a FREE (Last Will and Testament) please book an appointment using the following link (For South African Clients only) www.swiftreg.co.za/Swiftreg/Other/Willservice.aspx The loss of a loved one is not only very distressing it can also have a material impact on whether the business can continue trading or not. For example, if there is no succession plan ...
Co-op Planning. What you need to know before registering a Co-operative in South Africa with CIPC
Переглядів 4,7 тис.2 роки тому
Co-op Planning. What you need to know before registering a Co-operative in South Africa with CIPC
Salary vs Dividend vs Loan Accounts and the Tax implications
Переглядів 33 тис.2 роки тому
Salary vs Dividend vs Loan Accounts and the Tax implications
NHBRC Explained - (South African National Home Builders Regulatory Council)
Переглядів 11 тис.2 роки тому
NHBRC Explained - (South African National Home Builders Regulatory Council)
PSIRA Security Company Registration - (Private Security Industry Regulatory Authority)
Переглядів 31 тис.2 роки тому
PSIRA Security Company Registration - (Private Security Industry Regulatory Authority)
Tenders, Bids, Quotations, Evaluations and Contacts explained for South African Tenders.
Переглядів 60 тис.2 роки тому
Tenders, Bids, Quotations, Evaluations and Contacts explained for South African Tenders.
Registering a Business in South Africa. What foreigners need to know.
Переглядів 12 тис.2 роки тому
Registering a Business in South Africa. What foreigners need to know.
How to use the Public Interest Score (PIS) to determine in your company needs an audit?
Переглядів 3,8 тис.3 роки тому
How to use the Public Interest Score (PIS) to determine in your company needs an audit?
CSD Registration Process - Central Supplier Database for South Africa
Переглядів 46 тис.3 роки тому
CSD Registration Process - Central Supplier Database for South Africa
CIDB Registration Explained (South Africa) (Construction Industry Development Board)
Переглядів 20 тис.3 роки тому
CIDB Registration Explained (South Africa) (Construction Industry Development Board)
Updating your CIPC Customer Account
Переглядів 3,9 тис.3 роки тому
Updating your CIPC Customer Account
Please assist i didn't not received a unique registration nr. But all the other details
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
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
Glad it was helpful!
Hi, who does your video editing?
Over the years I have used three different video editors each with their own unique style, why do you ask?
@@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
This guy is great
Thank you, much appreciated!
what about company that deregistered on Cipc but at sars is not.
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.
Hi, how do I change a PTY to a Co-Operative on the CIPC system?
Hi there, unfortunately this is not possible as CIPC does not all for it.
Can you please share the mandate form or template
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.
Can you please updated since its has been changed
Yes, I agee. It is in the pipeline. I am just currently recovering from spinal surgery.
You are now my favourite South African youtuber. Keep up the amazing work brother ❤
Wow, thanks
Very well educational video
Thank you
Hi, is it possible to change a Primary Cooperative to a Secondary Cooperative?
No, a Secondary Cooperative is registered from scratch and is made up of existing Primary Co-ops
Informative and clear video with some great advice. Thank you for sharing :)
Glad it was helpful!
Thank you for the very useful insight!
You are welcome!
Oh my bad thank you so much this is helpful
You are Welcome!
Are there tenders for marketing agents?
Yes, I am sure "marketing" can be used as a keyword. Please give it a try.
I’m so happy to have come across this channel.
That's great thank you for your support
Important channel this
Much appreciated
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? 🤔
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.
Thank you
Your welcome
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.
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.
Thank you for these videos, they are great at helping to navigate the often confusing world of tax and company operations :)
Glad you like them!
how long does it take to receive a supplier number and the unique registration number?
It should be immediate
That's interesting, I still haven't received such...
I've only received a supplier no. Registration and I haven't received the other two that I have mentioned before
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
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
Thank you for clarifying that.
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'.
That is correct, 7C has been a huge headache.
Do these 3 options also apply if you register for turnover tax (less than 1mill) and for SBC companies?
HiTiaan, great question. Yes for SBC but not for Turnover tax.I have made a video on ua-cam.com/video/o4H5w4tQyXs/v-deo.htmlsi=_DtgQN7r-jvhB-FR Tax incentives which to a certain extent covers your question.
@@swiftreg Ah I see, thank you so much for linking to that video, was of great value to me 🙏
Is Owner Financed used much as a financing option in South Africa?
I would suggest that owner financed is used in the majority of cases.
VERY GOOD INFO!!!! great share- thanks, i look forward to your next video.
Awesome, thank you!
Awesome video, so imformative, thank you
Glad it was helpful!
Love your channel boet . I’m a big fan .
I appreciate that!
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.
So nice of you
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?
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.
If I decide to close down my company, would I need to pay tax when transfering the company's already taxed assets to myself?
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.
please advise on owners draw
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.
Thank you. This is just what I needed.
Glad it was helpful!
THANK YOU VERY MUCH SIR, GOD BLESS YOU !
You are very welcome
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?
Yes, that is correct
@swiftreg much appreciated, thank you for your quick response.
What If I never repay my loans account and just draw forever ? 😅
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.
@@swiftreg okay I hear you, so what happens once the company has paid back the amount I invested? Can I still continue to draw?
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.
Thank you for sharing this. If I may, how does one go about registering for an NPO tax number?
I would recommend you contact SARS directly, sorry I could not be of more assistance.
@@swiftregThank you for replying
These videos are brilliant! How are the investments of a PTY LTD taxed? Also After company expenses ?
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 %
Interest on shareholder loan account is not free. Be clear. Only the principla of the loan is untaxed.
Yes you are correct the equity loan is interest free.
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….
I would agree, but the situation could be more complex especially if there is surety involved
Thank you.
You're welcome!
Thank you so much this was something I looked for for ages.
Glad I could help!
What about companies that are de-registered on SARS but not on CIPS or vice versa ?
No problem it just means that half the work has been done for you.
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.
Hi there, is there shareholder an individual? If so, then with beneficial ownership.
@@swiftreg yes. Thank you. It is an individual. Appreciate your feedback.
im so grateful for this video🙏
I'm so glad!
Wonderful thank u
Our pleasure!
Amazing video!!!! If you start a company and have the trust as a shareholder, does it have to be a certain type of trust and are you then as a person, separate from said company and trust, dont you have to sign surety upon starting the company or does the trust sign. Im a little confused with the trust shareholding of the company aspect....😢 would love clarification as i want to go that route! You just got a new subscriber!
Hi there, Thank you for the compliment. I will deal with surtey separately. The type of Trust depends on the wording in the Trust Deed. For example if you are the sole Trustee and sole beneficiary, then institutions will NOT view the Trust as independent as it will be seen as a sham or a see-through Trust. So best you get some advice on the Trust side. The banks are aware of all of the structures and therefore get the "warm body" behind the structure to sign surety in their personal capacity. I hope this answers your questions.
Danko👌
You are Welcome!
Iam a new upcoming entrepreneur retiring at age if 38
Well done Bridgett, you go girl!