Saturday, 29 Nov 2025 at 17:44

Year-end compliance Check-up: Why every business needs it (November–January) Buso Consulting Services – Your partner in compliance, accuracy & peace of mind

Year-end compliance Check-up: Why every business needs it (November–January) Buso Consulting Services – Your partner in compliance, accuracy & peace of mind

As the financial year draws to a close, many small businesses enter a period of catch-up, stress and confusion trying to meet regulatory requirements. To support business owners during this critical period, Buso Consulting Services now offers a specialized compliance check-up service from November to January each year.

This service is designed to help entrepreneurs especially those in cash-loan, retail, consulting and service-based industries ensure they are fully compliant with all regulatory, financial and statutory obligations before the new year begins.

⭐ Why a year-end compliance check-up is important?

Between November and January, most regulatory bodies expect businesses to update records, file returns and prepare documentation that will be needed for:

NCR annual compliance
CIPC returns
SARS submissions
Bank reviews
External financing or investment applications
Annual financial statements
Tax clearance and BEE certificates
Business loan applications

Many businesses fall behind during the year and this service helps them clean up, correct and reset before penalties or delays occur.

🔍 What our compliance check-up covers?

Buso Consulting Services performs a full, structured compliance review that includes:

1️⃣ National Credit Regulator (NCR) compliance

For credit providers:

Review of affordability assessment processes
Credit agreement templates
Pre-agreement disclosures
Collections processes
Credit bureau reporting
NCR annual returns preparation
Compliance file audit

This is essential for avoiding NCR penalties and ensuring ethical lending.

2️⃣ SARS Tax compliance review

VAT compliance check (if applicable)
PAYE/UIF submission review
Income tax status
Outstanding returns
Tax clearance verification
Identification of possible penalties

We also help fix returns, update profiles and regularize tax records.

3️⃣ CIPC & Company secretarial compliance

Annual returns filing review
Director amendments
Share register audit
MOI compliance check
Confirmation of active company status

This ensures your business does not get deregistered unknowingly.

4️⃣ Financial recordkeeping & AFS preparation

We review:

Bank statements
Receipts and invoices
Expense categories
Loan accounts
Payroll records
Asset registers

We then advise what must be corrected before drafting Annual Financial Statements.

5️⃣ Business documentation & legal compliance

Contracts
Employment documents
Policies and procedures
Customer agreements (especially for credit providers)
POPIA compliance
Consumer Protection Act alignment

Most SMEs don’t review these annually, leading to risk exposure.

📊 Benefits of doing your compliance check-up November–January
✅ Avoid regulatory penalties: many businesses receive penalties simply because they file late or keep incomplete records.

✅ Peace of mind for Annual Financial Statements:
clean records mean smoother AFS and fewer surprises.

✅ Improved chances for funding & bank support

Banks and investors look for:

Up-to-date tax compliance
Clean financial records
Valid company registrations
Proper governance documentation

✅ Time to fix issues before inspection or renewal

Especially crucial for NCR-regulated credit providers.

✅ Start the new year with strong systems

Compliance isn’t only about ticking boxes, it’s about building a business that can grow.

📅 Who should book a compliance check-up?

Cash-loan/cash advance businesses
Retail and small shops
Consulting companies
Start-ups wanting to prepare for funding
Sole proprietors needing record clean-up
PTY LTDs preparing for annual financial statements
Businesses needing updated compliance files
Any business with overdue statutory obligations

🟨 Buso Consulting Services: Your compliance partner

Our approach is hands-on, supportive and tailored to small business realities. We understand the pressure entrepreneurs face and we make compliance simple, affordable and professional.

Our November–January compliance package includes:

✔ Full compliance checklist
✔ Corrective action plan
✔ Updated documentation
✔ Guidance for next steps
✔ Audit-ready compliance file
✔ Discounts on AFS for clients
✔ Priority support for credit providers

Author : N Xama

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