Starting a business in SA - explained STEP BY STEP!

STARTING a BUSINESS in SA? THEN WATCH THIS!!!! Explained by Professional Accountant!

In this video I explain STEP by STEP what the process is of starting a business in South Africa giving you a roadmap of how the process works.

Do you need an accountant? Contact us at [email protected] or check out our website at www.saaccountingsolutions.co.za

I talked about business structures, touching on sole proprietors and companies - check out the full video here -    • Starting a business? Which structure ...  

Then I talked through the process of registering your company with CIPC, and the different platforms like Bizportal and E Services,

If you want someone to do it for you contact SA Registrations - www.registercompany.co.za - and please mention my name!

how to register a company in South Africa

Next I talked about opening bank accounts for your business in South Africa, and the documents required to open a bank account

I also discussed how companies is registered for income tax, and how to activate the representative of you business, watch that video here -    • E Filing - Updating SARS Representative  

After that I discussed the process of linking your company to e filing, so that you will be able to file returns, and also apply for a PAYE and VAT number for you business.

I then touched on department of labour and how to register a U Filing profile, and then how to register your company on U filing and how to get a UIF number for your business.

Here is my go to person for UIF registrations - [email protected]

I also discussed WCA and the process of registering your business for WCA.

I also discussed accounting packages for small businesses, and looked at the most popular packages in South Africa, like Pastel, Quickbooks, and also clould accounting packages like Sage, Quickbooks online and Xero Accounting.

Here is the link to the series I recorded on Sage -    • Sage One Accounting Tutorials For beg...  

I also looked at two options for payroll packages, and looked at vanilla payroll, watch the video here -    • Free & Easy Payroll Software (SA 2024)  

Then I discussed the role of an accountant in your business, and all the compliance related stuff that needs to happen during the year.

0:00 introduction
1:50 Overview of all the registrations
2:14 Business structures for owner managed businesses
3:07 How does CIPC, bizportal and e services work to register a company
7:26 What you need to know to open a business bank account
8:45 How is a company registered for income tax with SARS
9:25 How to activate a representative with SARS
10:30 How to link your company to efiling
11:39 How to maintain your registered details on e filing and obtaining a PAYE and VAT number
13:05 How to register on U Filing and get a UIF number for your new company
14:20 How to register your company for WCA
16:20 Which Bookkeeping systems to use for new companies
17:50 Which Payroll systems to use for new companies
18:45 The role of accountants in your new company