SAIT half-day seminars: Essential accounting and bookkeeping for tax practitioners – Jun/Jul 2014
Overview 
International Financial Reporting Standards (IFRS) were developed for a global audience and international participants. In contrast, tax legislation was shaped and influenced by individual countries’ needs. It is therefore of utmost importance to understand these differences and to demonstrate the ability to account for such differences.
This practical seminar will focus on financial reporting for the SMME sector, in particular differences between accounting entries in accordance with IFRS and IFRS for SMMEs compared to income and expenditure in accordance with the South African Income Tax Act.
Course content
The reconciliation of accounting entries and tax entries will cover the following broad areas:
1. Individual transactions and balances:
- Property, plant and equipment
- Investment property
- Intangible assets
- Biological assets
- Leases
- Liabilities and provisions
- Revenue
- Government grants
2. Non-taxable and non-deductible items
3. Temporary differences
4. Disclosure of normal and deferred tax
5. Analysis and interpretation of tax balances and related tax disclosure
Continuing Professional Development (CPD)
This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units.
Cost
Option 1: Seminar
- Monthly CPD subscribers: Free
- SAIT members: R850.00
- Affiliated members: R950.00
- Non-members: R990.00
Click here for seminar dates, venues and registration.
Option 2: Live webinar broadcast
This CPD event will be broadcasted live on Tuesday 17 June 2014, from 09h00 to 13h00
- SAIT members: R290.00
- Affiliated members: R300.00
- Non-members: R350.00
Click here to register for the webinar.
Option 3: DVD and electronic course notes
This CPD event will be recorded and available to purchase on DVD.
- SAIT members: R540.00
- Non-members: R650.00
SAIT half-day seminars: Corporate Rules – Jul 2014
Overview
Most tax provisions close doors to protect the tax base. However, the ‘corporate rules’ in section 41 – 47 of the Income Tax Act open doors and provide relief from tax liability. They open the doors to allow for the transfer of assets to companies, and between companies in a group, free of capital gains tax and income tax. Related provisions provide for relief from VAT, transfer duty and Securities Transfer Tax.
This seminar is designed to illustrate the remarkable flexibility of the corporate rules in a thoroughly practical way by combining theory with case studies illustrating the practical application of the rules. The analysis will be integrated with a consideration of relevant provisions of the Companies Act.
A highlight of the seminar will be a detailed consideration of how the corporate rules lend themselves to the development of structures designed to facilitate equity participation by previously disadvantaged individuals, on an affordable basis which also provides a platform for senior executives’ share schemes.
Course content
- The key concepts defined in section 41 of the Income Tax Act.
- The general nature of roll-over relief.
- Asset-for-share transactions pursuant to section 42 of the Act, inclusive of the practical application of section 42 to provide ‘platforms for empowerment’.
- New section 43 and substitutive share-for-share transactions – application to the consolidation and subdivision of shares.
- Section 44 and ‘amalgamation transactions’ facilitating the merger of assets held by two or more companies.
- Section 45 and intra-group transactions, including current restrictions on the deductibility of interest where debt is created pursuant to asset transfers.
- Section 46 and ‘unbundling transactions’, covering the distribution of shares in subsidiary companies.
- Section 47 and ‘liquidation distributions’, covering the transfer of assets in anticipation of liquidation or deregistration.
Who Should Attend?
- Accountants and lawyers conducting corporate practices.
Continuing Professional Development (CPD)
This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units.
Cost
OPTION 1: SEMINAR
- Members: R850.00
- Affiliated members: R950.00
- Non-members: R990.00
Click here for seminar dates, venues and registration.
OPTION 2: LIVE WEBINAR BROADCAST
This CPD event will be broadcasted live on Thursday 17 July 2014 from 09h00 to 13h00.
- Members: R290.00
- Affiliated members: R300.00
- Non-members: R350.00
Click here to register for the webinar.
OPTION 3: DVD AND ELECTRONIC COURSE NOTES
This CPD event will be recorded and available to purchase on DVD.
- Members: R540.00
- Non-members: R650.00
SAPA Conference 2014: The changing face of payroll – Aug 2014
The Directors of the South African Payroll Association are excited to announce the SAPA Conference 2014, 
scheduled for 6 and 7 August in Johannesburg.
SAPA will also present full-day workshops in Cape Town on 29 of July, and Durban on 31 July 2014.
“Changing face of payroll” will be the vehicle to showcase the SAPA Awards and to celebrate the winners as true professionals of the industry. The award winners will be announced at a gala dinner.
Venues
- Emperors Palace, Johannesburg: 6 – 7 July 2014
- Fire and Ice Protea Hotel, Cape Town: 29 July 2014
- Suncoast Casino, Durban: 31 July 2014
Registration fees
Johannesburg
Register before 30 May:
- Members: R3,700
- Non-members: R5,300
Register after 30 May:
- Members: R4,900
- Non-members: R6,200
*All conference delegate fees include a ticket to the SAPA Awards Dinner. Additional tickets can be purchased at R450,00 each.
Cape Town and Durban
- Members: R1,280
- Non-members: R1,950
*Team special: When registering five or more delegates from the same company, you qualify for a 10% discount.
Team special rates
Register before 30 May:
- Members: R3,330
- Non-members: R4,770
Register after 30 May:
- Members: R4,410
- Non-members: R5,580
CSSA conference: 6th Premier Corporate Governance – Sep 2014
Conference fees
CSSA members and students:
- Early bird fee (payment made before 31 July) = R3,800
- Normal fee = R4,800
Public:
- Early bird fee (payment made before 31 July) = R4,800
- Normal fee = R5,800
All prices exclude VAT.
Visit www.chartsec.co.za for more information.
Email colette@chartsec.co.za to make a booking.
SAIT half-day seminars: Tax issues for SMMEs and individuals – Jun/Jul 2014
Overview
The small business sector is a vitally important part of the economy, particularly in light of the need to create jobs and promote economic growth. Over the last decade a number of initiatives have been introduced by Government to promote small business and entrepreneurship. And further changes are likely following the Davis Tax Review Committee’s recent review of tax issues in the small business environment.
There are many areas of complexity in applying tax legislation in small, medium and micro entities (SMME), and making mistakes can be extremely costly.
This seminar will focus on the various tax issues relevant to the SMME sector, from incorporation to the running of a business and the final winding up thereof. The seminar covers income tax, dividends tax, capital gains tax and VAT. Find out what tax relief and planning opportunities are available to you and what common mistakes you need to watch out for.
The investment in attending this seminar will pay for itself many times over, as you will walk away with a wealth of information that you can immediately apply in your business.
Course content
This seminar will focus on the tax aspects of small business, including the following:
1. Small business corporations – do you qualify and what is the real benefit?
2. What is turnover tax and how does a business qualify as a micro business?
3. Dividends tax and the withholding obligation for companies and CCs.
4. The tax pitfalls of interest-free and low-interest loans.
5. Tax administration provisions that affect small businesses.
6. Provisional tax.
7. VAT issues and current VAT challenges, including:
- Registration and deregistration.
- Common VAT errors that you need to avoid.
- Selling your business as a going concern.
8. CGT issues, including:
- What happens when you sell your shares or your business.
- CGT relief on the sale of small businesses.
- Transferring assets to your company.
9. PAYE, UIF and SDL obligations.
10. Assessed losses.
11. Liquidation and winding up.
Continuing Professional Development (CPD)
This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units.
Cost
Option 1 – Seminar:
- Monthly CPD subscribers: Free
- SAIT members: R850.00
- Affiliated members: R950.00
- Non-members: R990.00
Option 2 – Live webinar broadcast:
This CPD event will be broadcasted live on Thursday 8 May 2014 from 09h00 – 13h00.
- SAIT members: R290.00
- Affiliated members: R300.00
- Non-members: R350.00
Option 3 – DVD and electronic course notes:
This CPD event will be recorded and available to purchase on DVD.
- SAIT members: R540.00
- Non-members: R650.00