CMV Group – Accountants & Legal Consulting

BENEFICIAL OWNERSHIP (BO) REGISTERS TO BE SUBMITTED TO CIPC

New legislation was passed during May 2023 that allows the CIPC to keep a register of beneficial ownership (BO) for companies and close corporations. The register to be kept is for the applicable companies and close corporations to submit any beneficial ownership information relating to that entity. Anyone with more than 5% beneficial ownership of […]

TECHNICALLY GEARING UP TO WORK REMOTELY

Increasing advances in technology and the ever-changing work landscape has led to a rise in remote work in recent years. It has also become more prevalent due to the current COVID-19 pandemic and the necessity of social distancing. Considering this, is your company technically geared up to facilitate remote working? It is important to have […]

INDEPENDENT REVIEW

An independent review is the latest addition to the Companies Act and provides limited assurance. An accounting professional may review a business’s financial statements via particular enquiries with the aim of simply determining that no financial errors or miscalculations have occurred. An independent review was established with the new Companies Act, No. 71 of 2008 […]

THE IMPLICATIONS OF FINANCIAL EMIGRATION

THE IMPLICATIONS OF FINANCIAL EMIGRATION Financial emigration is the process whereby individuals earning mostly/only foreign income financially emigrate from South Africa for foreign exchange control and taxation purposes, without giving up their South African citizenship. By financially emigrating from South Africa and living in another country, you will not be classified as a South African […]

DESPERATE MISSIONS: THE 2020 BUDGET & SONA

DESPERATE MISSIONS: THE 2020 BUDGET & SONA Written by Richard Downing, Economist The State of the Nation Address (SONA) and Budget 2020 were despairing efforts by the government to stop the door shutting on the South African economy. The call for radical economic transformation, the consequent radical deterioration of the South African economy, and looming […]

BUDGET SPEECH 2020

Insights into the 2020 Budget Speech Does the Budget Speech affect you or your business? With Finance Minister Tito Mboweni’s 2020 Budget Speech, the sustainability of the future of South Africa’s economy took the front seat, by focusing on the changes both consumers and businesses can expect. Overall: The Finance Minister alluded to the reduction […]

MARNUS BROODRYK PRESENTATION

MARNUS BROODRYK PRESENTATION Marnus Broodryk is the founder of The Beancounter, an accounting firm in South Africa, and made his first million at 24. He is an entrepreneur, author, investor, and speaker. CMV and Perseus VC1 were privileged to host a discussion with Marnus on Wednesday, 5 February 2020, in front of over 200 people. […]

TIPS FOR SMALL BUSINESSES TO SURVIVE YEAR-END

TIPS FOR SMALL BUSINESSES TO SURVIVE YEAR-END Financial year-end can be a highly stressful time for most businesses. When one considers everything that needs to get done, including compiling financial year-end reports, reviewing and analysing business trends, and strategic planning for the year ahead, it’s difficult not to feel overwhelmed. Small business owners, who tend […]

TEN WAYS TO SPOT A TRULY EXCEPTIONAL EMPLOYEE

TEN WAYS TO SPOT A TRULY EXCEPTIONAL EMPLOYEE A recent international study surveyed more than 500 business leaders and asked them what sets great employees apart. The researchers wanted to know why some people are more successful than others at work, and the answers were surprising; leaders chose “personality” as the leading reason. Notably, 78% […]

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