Incorrect COID procedures will dent your company's cash-flow

"Today, more than ever, you have to watch your company's cash-flow and shore up any leaks, don't you? There are COID issues that will ensure that cash leaks out of your company like water through a sieve," says Phillip de Wet, managing director, COID Support

He claims that the following issues impact heavily on the cash-flow and legality of Injured on duty claims:

- If companies haven't submitted their Return of Earnings to the Compensation Commissioner by 31 March 2009, the hefty penalty imposed on them will definitely impact on their profits.
- This year, like last year, companies are probably paying up to 20% more than their legal share of statutory dues
- Companies could be leaving up to 75% of their wage bill on the Commissioner's table because they're not claiming correctly.

"This is like burning money and that's got to hurt," de Wet said.

COID Support can help companies reduce their COID assessment risk and save money by:

- Ensuring that companies are 100% legal and compliant with the Compensation Commissioner.
- Ensuring that companies' Return of Earnings gets in on time to prevent the 10% penalty on their wage bill.
- Getting up to 75% of the wage bill of employees who are injured on duty back for companies.

COID Support currently helps more than 100 companies, including Pick 'n Pay, Comair, JD Group and the like, stay legal with the Compensation Commissioner.

You can contact COID Support's managing director, Phillip de Wet on:

086 111 3474
www.coid.co.za