If a Close Corporation does not need to be audited, do we need to submit a CoR30.2?

Submission requirements depend on your Public Interest (PI) score and company regulations. SAAA's technical resource centre provides comprehensive documentation on independent reviews and CoR30.2 filing frameworks.

Is there a contradiction between the timeframe of submission of voluntary audited annual financial statements for a close corporation?

Section 58(1) of the Close Corporations Act outlines specific parameters regarding whether financial statements must be completed within 6 or 9 months. SAAA provides expert legal compliance resources to clarify these close corporation deadlines.

Special Relief of Distress grant (SRD grant) reinstated and expanded

28 July 2021
South African Accounting Academy

Government started the Special Relief of Distress grant (SRD grant) as a way to support citizens who are unemployed and receive no other income during the Covid-19 pandemic. This grant sees beneficiaries receive R350 payments every month, which is why many have called it the R350 grant.

Who can now claim for the R350 grant?

STILL all out-of-work citizens aged 18-59 who receive no other grants, and
NOW ALSO unemployed caregivers who DO receive other SASSA payments, e.g. child support grants.

After the end of March 2022, this SRD grant is expected to eventually be replaced by a larger Basic Income Grant.

Click here to access more information on the SRD Grant:

https://www.gov.za/covid-19/individuals-and-households/social-grants-coronavirus-covid-19?gclid=Cj0KCQjw3f6HBhDHARIsAD_i3D-x6S_hyq9lPpq_n-vFJeotyc7qWHWfvlX5eHctioTMBae9WWtfsqIaAkqwEALw_wcB

Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more: https://cpd.accountingacademy.co.za.