Top Tweets for #GADChat
A7. You start by not signing things you do not understand. First understand your role as a shareholder and as a director. Attend relevant training and workshops so that you understand what comes with the registration. Set up checklists and templates for monitoring. #GADChat
A5.1. Make sure that you understand roles and responsibilities and roles that the business plays with different stakeholders. Roles such as a trader, a taxpayer and as a registered entity. #GADChat
A1. Compliance is an obligation and responsibility to comply with the relevant legislation and regulations depending on the role you play in the business or environment in which you operate #GADChat
@_WeTalk @PreciousMvulane Thank you @PreciousMvulane and @_WeTalk #GADChat this was informative and useful. Its time to get to basics and get them right
A7. You start by not signing things you do not understand. First understand your role as a shareholder and as a director. Attend relevant training and workshops so that you understand what comes with the registration. Set up checklists and templates for monitoring. #GADChat
A6.They struggle with companies act - shareholders arrangements and as employers and that is because mostly have never worked in a formal environment. They also struggle with VAT, sometimes they get shut down by SARS due to non compliance with VAT. #GADChat
A3. #GADChat if you are in an industry with additional rules, observe those as well. Then of course rules on consumer protection, data privacy and records management, safety, health & enviroment, fair labour standards.
A3. #GADChat This is a really interesting one given that the 2 are themselves different things with the latter feeding into the performance of the former. Seek to understand why the rules exist, observe the rules, surpass them. Your country's companies act is a great start point
A5.3 As a taxpayer maintain #compliance by registering with @sarstax for Income tax and for VAT (when your turnover exceeds R1mil) and make sure you fulfill the legislation requirements as outlined by the relevant legislation. #GADChat
A2. #GADChat Done intentionally and correctly, compliance reduces a business' risk exposure, increases operational efficiency, boosts reputation & brand value, and makes a business more attractive to investors. It also stimulates innovation & better customer service
A5.2. As a trader identify the legislation that applies to your industry and make sure you are registered with regulators to enable you to sell the products and services you offer. For example National Credit Act, BBBEE,etc. #GADChat
Hi everyone, I'm Tichaona #GADChat
A1 #GADChat observance of the letter and spirit of legal, regulatory, internal policy/process and best practice requirements applicable to a business.
A4. Non-compliance depend on the legislation and also the losses/damages incurred by any party that you have breached or broken your obligations. In other instances businesses do shut down depending on the nature of damages. #GADChat
A1. Compliance is an obligation and responsibility to comply with the relevant legislation and regulations depending on the role you play in the business or environment in which you operate #GADChat
Monday #TwitterChat List #1 👇
🌸 #IndieFeature 24/7
🌸 #FunTravelChat All Day
🌸 #SayftyChat 11am
🌸 #SEOTalk 12pm
🌸 #QuitSmokingChat 12:30pm
🌸 #BizGalz 1pm
🌸 #iSpeakAfricaChat 1pm
🌸 #GADChat 1pm
🌸 #BizapaloozaChat 2pm
🌸 #AfricaCareerChat 2pm
*Times are ET
Are you ready to be part of the conversation tonight? @PreciousMvulane will be guiding you with easy steps to master basic compliance for your business. From 7pm till 8pm, follow @_WeTalk to not miss out! #GADChat
What is the importance of compliance in business? There are set rules put in place to govern the way different businesses are operated. Be part of the conversation on the Mastering Basic Compliance Live Twitter Chat on @_WeTalk with @PreciousMvulane #GADChat
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