SMC is a business development company that offers a variety of services to companies and entities of different kinds. SMC prides itself in understanding the clients it services. New businesses and SMEs need to comply with the required statutory standards in order for them to be good corporate citizens and benefit from the various opportunities available funding, procurement and enterprise development.

Company registration

We offer business pre-registration consultancy services to start ups and entrepreneurs who want to formalise their business activities. We provide a holistic service that includes CIPC registration, SARS compliance and industry specific body affiliation. All companies and close corporations are required by law to file their annual returns with CIPC within 30 days from the anniversary date of incorporation. By not filling an annual return, you are informing CIPC that the company or close corporation is not doing business or is not intending on doing business in the near future. When your company or close corporation fails to file its annual returns for two consecutive years, CIPC initiates a deregistration process.

SMC advises on these issues and ensures that your business is always on par with the law

Compliance

Your business compliance is vital to the growth of your company. SM Consulting offers a full range of services that ensure your business is fully CIPC and SARS compliant. As a revenue collecting body, the taxman (South African Revenue Service) has various rates of tax for various phases of your business. Depending on your type of business most of these taxes will not apply at the early stages of your business. One that will apply however, across most business types and stages is the Corporate Income Tax (CIT). SARS has however realised that new and small businesses are the lifeblood of our economy. So to encourage your growth and ensure that you prosper, certain tax reductions especially designed for small business have been introduced. We also facilitate the registration of SMEs with industry specific legislative bodies such as (but not limited to):

• Department of Labour
• UIF
• BBBEE Certificates for Exempt Micro Enterprises (EMEs)
• CIDB

Financial Reporting

For all intents and purposes, financial statements/reports are created and used by businesses to report to or attract external interest. Investors, Enterprise Development Agencies and Financing Institutions (amongst others) would use these records to form a financial opinion of your business and decide on the viability of injecting funds into it.

For the business itself, the key points revealed by financial statements/reports are (amongst others) whether your business is making a profit or a loss, how your assets stack up against your liabilities and how cash flowed in and out of your business over a specific period of time.

Management Reporting

Management reports on the other hand are an internal set of records which become pivotal in assisting with your business’ strategic objectives. They are a forward looking set of reports and will allow the business to analyse, budget, forecast, plan and ultimately drive their own growth.

At SMC we know that combining these reporting formats gives you the small business owner the pleasure of telling a more detailed story of the love that is your business and ultimately puts you in the driving seat.