Affected or Not? Cracking the Code on CIPC’s Beneficial Ownership Filing
Many business owners and practitioners are still unsure how to classify a company when filing beneficial ownership information with CIPC. The distinction between affected and non-affected companies is critical, as it determines whether beneficial ownership disclosures are required. This article explains the classification process in practical terms and outlines the filing options available. With accurate categorisation and timely filing, CIBA members can ensure full compliance and support sound governance across their client base.
Stretch It, Shrink It, Bend It: The Financial Year-End is Yours to Twist
Many business owners view the financial year-end as an unchangeable deadline, but in reality, the Companies Act allows room to manoeuvre. Whether it's aligning with a holding company's reporting cycle, simplifying tax planning, or adapting to a seasonal business rhythm, changing a company’s financial year-end can be both strategic and compliant—if done correctly. This article unpacks the legal framework, outlines the CIPC process, and highlights key scenarios where such a shift makes business sense.