I have a client that has requested that I register their close corporations for Workmans Compensation. There are 3 different entities and their scenarios are as follows:
1) First entity has been trading since 2006. How does it work when you apply for Workmans Compensation only now? I gathered from the application form that registration works retrospectively. Do they want us to go back 8 years? What if the information needed (like number of employees, salaries) is not easily accessable (in storage)? The annual salary/wages amount can be obtained from the annual financial statements, but the number of employees employed is not that easy.
2) Second entity has been trading since 2008. Same questions than for entity one above.
3) Third entity started trading in 2011 and ceased trading in 2013. It will be pointless to apply for Workmans Compensation now, as there are no employees any longer. Should they still apply to be registered regardless?
Thank you in advance.