Many clients, government departments and tender processes require proof of your B-BBEE status, a valid tax compliance status and up-to-date company records before they will do business with you. We help you get these documents in order and keep them current.
What’s included
- Determining whether your business qualifies as an Exempted Micro Enterprise (EME) or a Qualifying Small Enterprise (QSE)
- Preparing your B-BBEE sworn affidavit, or applying for a B-BBEE certificate through the CIPC where eligible
- Tax compliance status (tax clearance) checks and resolving outstanding items with SARS
- CIPC annual returns and beneficial ownership filings
- Keeping your compliance documents ready for tenders and supplier registrations
Understanding B-BBEE for small businesses
Under the generic Codes of Good Practice, an Exempted Micro Enterprise has annual turnover of R10 million or less and can confirm its B-BBEE status with a sworn affidavit or a CIPC B-BBEE certificate, renewed every year. A Qualifying Small Enterprise (R10 million to R50 million) may use a sworn affidavit if it is at least 51% black-owned; otherwise it is measured on the QSE scorecard by a SANAS-accredited verification agency. Some industry sector codes use different thresholds.
Since July 2024 the CIPC will not accept a company’s annual return until its beneficial ownership information is filed and up to date, so we treat the two as one annual compliance task.
Who it’s for
Small and medium-sized businesses that supply government, corporates or other businesses that ask for B-BBEE and compliance documents – and any company that wants to stay in good standing with SARS and the CIPC.