![\"\"](\"https:\/\/1grid.co.za\/blog\/wp-content\/uploads\/2026\/01\/company_registration-1.png\")
<\/a><\/p>\nCongratulations on taking the significant step of formalising your business! Whether you’ve just completed your company registration with the CIPC or are on the brink of doing so, you’re likely wondering, “What comes next?” Well, with the registration of your company<\/strong>, several opportunities and responsibilities await. From navigating new tax laws to establishing business banking and digitising your operations, we’ve got you covered with these essential steps to propel your business forward.<\/span><\/p>\n Register Now<\/a><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_font_size_tablet=”” text_font_size_phone=”” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Value-added tax (VAT) is a crucial component of doing business, serving as a consumption tax levied on goods and services sold to end consumers. Registering for VAT not only demonstrates to your customers and clients that you’re a licensed and trustworthy service provider but also opens doors to tender opportunities and allows you to reclaim taxes paid to suppliers.<\/span><\/p>\n Determining if your business needs to be VAT registered depends on your turnover. If your total turnover exceeds R1 million over a 12-month period, VAT registration is mandatory. However, voluntary registration is an option if your turnover exceeds R50,000 but hasn’t reached the R1 million threshold.<\/span><\/p>\n To register for VAT, you can either submit the VAT 101 registration form to your nearest SARS branch or opt for online registration through SARS E-filing within 21 days of surpassing the R1 million turnover mark. Once registered, you must add a 15% VAT charge to your product or service invoices.<\/span><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_font_size_tablet=”” text_font_size_phone=”” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Following your company registration, SARS mandates that you have a dedicated business bank account. Fortunately, you aren’t confined to costly account fees simply because you’re a registered business owner. Numerous entry-level <\/span>business bank accounts are available in South Africa<\/a><\/strong>, enabling you to effectively manage cash flow while maintaining separation between personal and business finances.<\/span><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_font_size_tablet=”” text_font_size_phone=”” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Keeping meticulous records isn’t just a good business practice; it’s essential for financial tracking and tax compliance. Proper documentation, including invoices and receipts, is vital for claiming back certain expenses. Utilising user-friendly cloud accounting software like Xero<\/a><\/strong> streamlines the process, though manual record-keeping via Excel is feasible for businesses with minimal monthly transactions.<\/span><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_font_size_tablet=”” text_font_size_phone=”” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Registering your business entails adhering to various tax deadlines, including:<\/span><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_font_size_tablet=”” text_font_size_phone=”” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Nowadays, establishing an online presence is pivotal for business success and need not be arduous or costly. Within a day, you can have a website up and running, catering to businesses of all sizes.<\/span><\/p>\n To get started:<\/b><\/b><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” background_color=”#dae1ec” custom_margin=”10%||||false|false” custom_padding=”20px|40px|40px|40px|false|true” border_radii=”on|15px|15px|15px|15px” global_colors_info=”{}”]<\/p>\n Company Registration<\/b><\/p>\n Ready to take your business to the next level? With our comprehensive company registration service, you’ll receive official company registration with CIPC, domain registration, web hosting, professional email, and a website builder for six months<\/strong> with a convenient one-off payment of R849. Don’t miss out on this opportunity to kickstart your business journey with ease and efficiency.<\/p>\n View company registration<\/a><\/strong><\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" What\u2019s next after registering a company? We\u2019ve got five steps you need to take to get your business off to the best start.<\/p>\n","protected":false},"author":24,"featured_media":29999,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"So you\u2019ve taken the big step to formalise your business, or perhaps you\u2019re on the verge of <\/span>company registration<\/span><\/a> with the CIPC and you\u2019re thinking \u201cwhat happens next?\u201d Well with the registration of your company, you\u2019ve got a few things available to you as well as a few extra requirements. From new tax laws to business banking and digitizing your business, we've got your next steps covered.<\/span>\r\n\r\n\u00a0\r\n\r\nThese steps will help you and your business take the next step towards scalability and freedom. Read on for five steps you can take after registering your company.<\/span>\r\n\r\n\u00a0\r\n1. Register for VAT<\/b><\/h2>\n
2.\u00a0Secure a Business Bank Account<\/b><\/h2>\n
3. Maintain Up-to-Date Bookkeeping<\/b><\/h2>\n
4. Understand Your Tax Obligations<\/b><\/h2>\n
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5. Establish an Online Presence<\/b><\/h2>\n
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Register for VAT<\/b><\/h3>\r\n\u00a0\r\n\r\nValue-added Tax (VAT) is consumption tax placed on goods and services which is charged to end consumers. It\u2019s beneficial to businesses not only because it shows customers and clients that you are a licenced service provider that can be trusted, but it also affords you the opportunity to apply for tenders and contracts, and allows you to claim back for tax that you pay your suppliers.\u00a0<\/span>\r\n\r\n\u00a0\r\n\r\nDo you need to be VAT registered? You only need to <\/span>register your business for VAT<\/span> if the total value of your turnover reaches R1 million over a period of 12 months. If your total turnover exceeds R50,000 but not quite R1 million you may register your business voluntarily, but you aren\u2019t legally required to do so.<\/span>\r\n\r\n\u00a0\r\n\r\nHow to register for VAT<\/strong>\r\n\r\n\u00a0\r\n\r\nOnce you are aware your business will need to register for VAT, you can either submit the VAT 101 registration form to your nearest SARS branch, or register on SARS E-filing within 21 days of exceeding the R1 million mark. Once you are registered, you are required to add the 15% VAT to your product or service invoices.<\/span>\r\n\r\n\u00a0\r\n
Get a business bank account<\/b><\/h3>\r\n\u00a0\r\n\r\nOnce you\u2019ve registered your company, you are required by SARS to have a business bank account. Luckily, you don\u2019t have to be stuck with an expensive account fee just because you have a registered business. There are a number of <\/span>entry level business bank accounts<\/span><\/a> you can choose from to help you manage your cash flow, and keep your personal and business finances separate and in order.<\/span>\r\n\r\n\u00a0\r\n
Keep your bookkeeping up to date<\/b><\/h3>\r\n\u00a0\r\n\r\nKeeping your accounts in order doesn\u2019t only help you track your financial progress, it also makes a big difference for tax season. In order to claim back for certain expenses, you need to be able to provide proof via invoices and receipts that you have tracked.<\/span>\r\n\r\n\u00a0\r\n\r\nA simple cloud accounting software like <\/span>Xero<\/span> is the perfect solution, unless your monthly transactions are few enough that you can record them manually on Excel.\u00a0<\/span>\r\n\r\n\u00a0\r\n
Know what tax requirements you need to follow<\/b><\/h3>\r\n\u00a0\r\n\r\nHaving a registered business means that you have a few different tax deadlines to consider. These include:<\/strong>\r\n\r\n\u00a0\r\n
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Get your business online<\/b><\/h3>\r\n\u00a0\r\n\r\nNow for the fun part! Getting an online presence is no longer a tedious and expensive process, in fact you can get your small, or large website up and running in less than 24 hours!\u00a0<\/span>\r\n\r\n\u00a0\r\n\r\nHow to create a website for your business:<\/strong>\r\n\r\n\u00a0\r\n
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