The CIPC ‘Hard Stop’ is causing major headaches for everyone submitting Annual Returns.
Basically the ‘Hard Stop’ means that it isn’t possible to complete the Annual Return submission process unless you have completed a Financial Accountability Supplement (FAS) or uploaded your Annual Financial Statements in iXBRL format.
For the past seven months users have skirted this compliance hurdle because CIPC weren’t enforcing these submissions they have now brought that to a ‘Hard Stop.’
So now what should you do?
Assess whether you need to create an iXBRL file by following our simple flow chart: https://ixbrlmate.co.za/who-needs-ixbrl/
Get a quote for our ‘white-glove’ solution where we take your existing AFS and do the conversion for you.
Do-It-Yourself with our new web application: https://www.web.ixbrlmate.co.za/loginform
Feel free to email or chat to us about the best fit for your situation.