Source: Taxbox 
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Taxbox solutions and training are endorsed and supported by The Institute of Certified Bookkeepers and Accountants (ICBA).
If you are not on LinkedIn, you are losing out on growing your professional practice! LinkedIn operates the world’s largest 
professional network on the Internet with more than 330 million members in over 200 countries and territories. There are over 3 million members in South Africa alone.
This webinar will explain how to take advantage of the huge opportunity that LinkedIn presents to have an edge over your competitors, and receive leads and new business.
Content
Continuing Professional Development (CPD)
Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body.
Cost
When and where
Click here for more information and registration.
This workshop and certificate course has been designed for anyone that deals with company statutory work and wants comprehensive, in-depth and practical advice and information on the subject. The full-day workshop will be a practical experience, with delegates interacting with one another in groups, as well as with the presenter – who will guide the groups during their sessions, in line with the Companies Act and Regulations. For those who wish to further deepen their knowledge, an optional certificate course is available.
Seminar content
1. Audit your company records
2. Formation of a company
3. Actions after formation
4. Changing directors
5. Shares Part I
6. Shares Part II
7. Questions and answers
Continuing Professional Development (CPD)
Attendance of the full-day workshop will accrue 8 hours’ CPD for professional members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CSSA, ICBA, LSSA, FPI, and the IBA.
Attendance of the full certificate course will accrue 30 CPD hours.
Cost
OPTION 1: Full-day workshop
OPTION 2: Certificate course (includes full-day workshop, DVD recording, webinar and exam/assessment)
OPTION 3: DVD (plus electronic course notes for workshop)
All above prices include VAT .
When and where
All full-day workshops will run from 09h00 to 17h00.
Click here for more information and registration.
PART 1: Scope of IFRS for SMEs and presentation
This webinar will mainly deal with the general concepts of preparing financial statements under the IFRS for SMEs. It will focus on the scope of the IFRS for SMEs (who may/should follow the standard, with a quick reference to the requirements of the Companies Act for the relevant Reporting Frameworks) and the presentation of financial statements. The sections on accounting policies, errors and estimates and related-party disclosures will also be discussed.
The following topics will be covered:
1. SMEs and presentation of financial statements
2. Objectives of financial reporting and preparing financial statement under the IFRS for SMEs
3. Key concepts
Continuing Professional Development (CPD)
Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body.
Cost
Book for all five webinars and get one free!
When
Click here to register.
PART 2: Some core concepts of the IFRS for SMEs
The second webinar will mainly deal with some core concepts under the IFRS for SMEs and will take you back to the basics.
The following topics will be covered:
Continuing Professional Development (CPD)
Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body.
Cost
Book for all five webinars and get one free!
When
Click here to register.
PART 3: Employee benefits and Part I of assets under the IFRS for SMEs
The third webinar will cover employee benefits and some assets. The webinar will mainly deal with the definition, classification, recognition, measurement, presentation and disclosure of the various items of assets in an SME.
The following topics will be covered:
1. Employee benefits
2. Assets
Continuing Professional Development (CPD)
Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body.
Cost
Book for all five webinars and get one free!
When
Click here to register.
PART 4: Part II of assets under the IFRS for SMEs
The fourth webinar will cover the rest of the assets. It will mainly deal with the definition, classification, recognition, measurement, presentation and disclosure of the various items of assets in an SME. Emphasis will be placed on investment properties and PPE, while the key aspects of the other assets will be addressed. The requirements and application thereof of the various sections will be discussed and illustrated using extensive examples.
The following topics will be covered:
Continuing Professional Development (CPD)
Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body.
Cost
Book for all five webinars and get one free!
When
Click here to register.
PART 5: Financial instruments under the IFRS for SMEs and general aspects
The last webinar in the series will mainly deal with financial instruments and other related aspects. Specific attention will be given to the basic financial instruments common in most businesses (for example, debtors, creditors, normal debt instruments, investments, imports and transactions in an entity’s own equity instruments). The webinar will focus on various examples to illustrate the application of the accounting principles. An overview of the other financial instruments (more complex instruments) will be given. The webinar will then conclude with a broad overview of consolidation and business combinations (with goodwill), and investments in group entities.
The following topics will be covered:
1. Financial instruments
2. Group aspects (broad overview)
Continuing Professional Development (CPD)
Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body.
Cost
Book for all five webinars and get one free!
When
Click here to register.
Overview 
SARS issued a brand new Business Requirement Specification: Administration of Dividends Tax that has an effective date of 1 March 2015. The purpose of this publication is to conceptualise the channels and to specify the requirements for the Dividends Tax supporting data to be submitted.
SARS will present this webinar on Tuesday 24 February 2015.
Please note that the same content will be covered in two separate sessions:
Continuing Professional Development (CPD)
Webinar participation and successful completion of the online assessment will secure 2 hours Verifiable Output Tax CPD.
Cost
Free for SARS registered tax practitioners and SAIT members.
50% discount valid for 7 days only!
Using this application to organise your data into one, central database, enables you to perform all the time consuming tasks involved in administering company tax with ease.
This application is a database in which you can store all the necessary information on a company for tax submissions and returns.
Normal price = R 2,800
Order now at www.taxbox.co.za/order.
The process of registering an NPO and maintaining a tax exempt status can be complex and time consuming. This half-day seminar is designed to address your most pressing legal and compliance issues. Expert presenter, Ricardo Wyngaard will give you practical advice and guidance by using plain language and referring extensively to all relevant forms.
If you require more detailed help with your documentation, you will also have the opportunity to attend an interactive workshop in the afternoon – when the presenter will take you through the forms in more depth, and answer your specific queries.
Content
Continuing Professional Development (CPD)
Attendance of this seminar will accrue 4 + 1 hours’ CPD for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, IIA, FPI, and the IBA. Attendance of the full-day seminar will accrue 7 + 1 hours’ CPD.
Complete a free online assessment at the end of the event and receive an additional CPD point.
Cost
OPTION 1: Half-day seminar
OPTION 2: Half-day seminar + afternoon workshop
OPTION 3: Live webinar (half-day)
OPTION 4: DVD / Online recording + electronic course notes
All above prices include VAT.
*NPO pricing subject to verification of NPO status.
When and where
23 March 2015 – Johannesburg – Glenhove Conference Centre
24 March 2015 – Pretoria – Diep in die Berg
24 March 2015 – Online webinar
25 March 2015 – Cape Town – Hathersage
26 March 2015 – Durban – Riverside Hotel
Click here for more information and registration.
Overview
Meet the SAIT eFiling specialist, Anton Krynouw on Monday 23 February 2015. This webinar will run from 15h00 to 17h00.
The following topics will be discussed:
Submit all your topic-related questions for this webinar to Waseema at taxtechassist[at]thesait.org.za before Friday 20 February 2015.
Continuing Professional Development (CPD)
This event and successful completion of the online assessment will secure 2 hours Verifiable Output Tax CPD points/units.
Cost
Click here to register for this webinar.
Article source: Moneyweb 
What the numbers do (and don’t) tell you
Where does a tax-free savings account fit into my financial plan? This may well be the question many investors will need to answer in the coming months.
The launch of tax-free savings accounts on March 1 this year offers a great opportunity for retail investors to access some additional tax savings. The accounts will allow individuals to invest R30,000 a year up to a lifetime maximum of R500,000 in a variety of asset classes. All proceeds on investments in these accounts – dividends, interest and capital gains – will be completely tax-free.
Tax-free savings accounts are part of government’s drive to reform non-retirement savings and are not explicitly intended as a vehicle to save for retirement. The idea is rather that these accounts will prevent South Africans from accessing their retirement savings in the event of a crisis. It is therefore envisioned to be more of a medium-term savings vehicle.
Yet, nothing prevents investors from using these accounts as a vehicle to save for long-term goals like retirement. In fact, some calculations suggest the real benefit of these accounts is only truly unlocked in the long run.
But how does a tax-free savings account stack up against a retirement fund?
In an article published in the South African Index Investor’s Fourth Quarter Newsletter, Daniel Wessels, a financial advisor at Martin Eksteen Jordaan Wessels in Cape Town, compares the two options.
Wessels considers a contribution of R2,500 a month to both types of investments over 200 months (the time it takes to reach the R500,000 lifetime contribution cap for the tax-free savings account). After 200 months, an annual drawdown of 5% is made.
“The withdrawals from the tax-free savings account will be non-taxable but such withdrawals from the retirement fund (annuity) will be fully taxable. On the other hand, contributions towards the retirement fund are tax-deductible, while the contributions to the tax-free savings account are not,” he notes.
Thus the pension fund investor will receive his tax saving upfront. If one assumes a marginal tax rate of 40% and an annual contribution of R30,000, the tax saving would amount to R12,000 for the year or R1,000 a month, Wessels argue.
To “compensate” for this difference, the additional R1,000 is added to the monthly contribution of the retirement fund investor.
The calculations below show the annual after-tax proceeds from a 5% drawdown on both investments after 200 months.
* Source: Daniel Wessels (** A conservative estimate)
“Under these assumptions, the tax-free savings vehicle will marginally yield better results than the retirement fund, but at lower marginal tax rates (30% and lower), the retirement fund option will yield a slightly better outcome,” Wessels says.
However, there are also other factors to consider.
Wessels says while retirement assets are exempt from estate duty, tax-free savings accounts will likely be included in one’s estate. Also, retirement fund assets are protected against creditor claims, while this might not be the case with tax-free savings accounts.
Moreover, retirement assets are typically more difficult to access (in the case of retirement annuities, the funds only become available after 55), while tax-free savings accounts will typically have no liquidity constraints, he says.
While the calculations only cover a period of 200 months, it is perhaps also important to consider that there are no limitations to the amounts or time period in which contributions to retirement funds could be made (although the tax benefit would be capped). A capital contribution of R2,500 over 200 months would never be able to compete with an “uncapped” contribution over a working life of 480 months (40 years), provided the funds are not withdrawn at any point (and the contributions and returns are comparable).
Wessels says for the vast majority of South Africans a pension fund or retirement annuity is still the best vehicle to save for retirement in the long run, although the tax-free savings account can be a great way to supplement retirement income.
It is also an excellent vehicle to save for especially longer-term goals, he says.
Hi Betty 
I would like some assistance with a query that was raised by a client. This client (VAT vendor) will be purchasing a product from a South African company and selling it to a company in Angola. The purchase price includes all components, site inspection, labour / installation cost, and one year’s maintenance of the product in Angola.
The South African company is a VAT vendor and is charging a VAT inclusive price. VAT is being charged on the components and the labour.
The following queries have been raised, and I would like to be 100% sure of my facts before replying:
I would also appreciate it if you can indicate any other points that you think I need to advise my client on.
Thanks and regards,
Liza
Hi Liza
Here are my answers to your questions…
Hope that helps!
Don’t forget that I’m here to answer your questions about the ICBA, or just queries about your accounting at work. All you have to do is email me!