Workshop: Loans and their consequences – 2.5 CPD hours – 4 Jun 2015

Topics 

The tax law provisions that deal with loans:

  • Interest on loans between connected persons
  • Interest paid to persons who don’t pay SA tax
  • Loans from a buyer of a company to the company
  • How best to structure existing loans so that they do not fall foul of the new tax provisions

Continuing Professional Development (CPD)

Completion of this workshop will earn you 2.5 hours of CPD points.

Cost

  • Students = R 300
  • Members = R 400
  • Public = R 500

When and where

  • 4 June 2015
  • 08h00 to 10h30
  • Westville Country Club, 1 Link Road, Westville, Durban

For bookings, please contact Brenda on +27 11 551 4000 or email brenda[at]chartsec.co.za.

 

Webinar: The new B-BBEE Codes and their implications for accountants – 2 CPD hours – 11 Jun 2015

Overview 

The DTI has recently amended the B-BBEE Codes. These amended Codes are causing major uncertainty among accountants advising clients on B-BBEE transactions and issuing EME certificates.

Join the webinar and understand the new Codes and how they will affect you, your practice and your clients. The presenter will also provide practical examples and solutions that you can implement immediately.

Content

  • Overview of the new Codes
  • Transitioning period
  • Rules affecting Exempt Micro Enterprise (Small Enterprises), Qualifying Small Enterprise (Medium Enterprises) and Generic Enterprise (Large Enterprises)
  • Can an accounting officer still issue an EME certificate?
  • How can I help my client to perform an affidavit for an EME?
  • Who can issue verification certificates?
  • Can an accounting officer perform verification services? What are the alternatives?
  • When can an auditor perform a verification? What does the IRBA require?
  • How do I become a verification agent?
  • Why should I not become a verification agent?
  • How do I help my client with B-BBEE planning and structuring?
  • How to outsource your B-BBEE services: AMEX case study

Who should attend?

  • Members of professional accounting bodies that assist clients with B-BBEE (SAICA, SAIPA, SAIBA, ACCA, CIMA, etc.)
  • Accounting officers
  • Registered auditors
  • Verification agents
  • Admin staff working with B-BBEE clients
  • Business advisors and attorneys that need an update on the latest developments

Continuing Professional Development (CPD)

Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Cost

  • SAAA members: R 299.00
  • Non-members: R 399.00

All prices include VAT.

When and where

  • Thursday, 11 June 2015
  • 14h00 – 16h00
  • Online webinar

Click here for more information and bookings.

 

Workshop: Practical risk management – 2.5 CPD hours – Jun/Jul 2015

Topics 

  • Understanding the nature of risk
  • The value of an enterprise-wide risk management structure
  • How to conduct the process of identifying, assessing and treating risks
  • Useful techniques in the risk management process
  • The reporting obligations of risk management
  • Some practical examples to improve risk management

Continuing Professional Development (CPD)

Completion of this workshop will earn you 2.5 hours of CPD.

Cost

  • Students = R 300
  • Members = R 400
  • Public = R 500

When and where

All workshops will run from 08h30 to 10h30.

Cape Town

  • The Kelvin Grove Club, 144 Campground Road, Newlands
  • 11 June 2015

Johannesburg

  • Chartered Secretaries Southern Africa, Riviera Road Office Park, 6-10 Riviera Road, Killarney
  • 1 July 2015

For bookings, please contact Brenda on +27 (0)11 551 4000 or email brenda[at]chartsec.co.za.

 

QuickBooks training courses – certified for CPD – Jun/Jul 2015

QUICK PAYROLL TRAINING 

This course is designed to give you a quick and easy understanding of how Quick Payroll does:

  • payroll calculations,
  • leave registers,
  • report writing,
  • tax year-end,
  • and how it interfaces seamlessly with QuickBooks Accounting Software.

When and where

Johannesburg

Cape Town

Port Elizabeth

  • 24 June 2015
  • 22 July 2015
  • For bookings and more information call Wendy Hattingh on 041 581 2602 or email whattingh[at]iafrica.com

Durban

 

QUICKBOOKS ESSENTIALS TRAINING

This intensive two-day course will teach you the ins and outs of QuickBooks, so that you can take advantage of the software’s more unique features. By the end of this course, you can consider yourself an accomplished QuickBooks user.

When and where

Johannesburg

  • 10/11 June 2015; 23/24 June 2015
  • 14/15 July 2015; 21/22 July 2015
  • For bookings and more information call Zanele Ntsibande on 0861 726 657 or email zanele.ntsibande[at]quickbooks.co.za

Port Elizabeth

  • 25 June 2015
  • 25 July 2015
  • For bookings and more information call Wendy Hattingh on 041 581 2602 or email whattingh[at]iafrica.com

Durban

Cape Town

 

QUICKBOOKS ADVANCED TRAINING

When and where

Durban

Johannesburg

 

QUICKBOOKS STOCK SEMINAR

Learn how to get your QuickBooks stock and items correct in just 3 hours.

When and where

Johannesburg

 

Seminar: Basic principles applicable to shareholder transactions and restructuring – 4 CPD hours – Jun 2015

Overview 

Every taxpayer or tax advisor is likely to encounter a transaction between a company and its shareholder or a restructuring at some point in time. In many instances the tax implications of such transactions do not necessarily drive the transaction, but play an important role in which it is structured to achieve the desired outcomes. Taxpayers and advisors need to have a working understanding of the basic concepts and principles to consider from a tax perspective.

Course content

This seminar covers the following basic principles that would be relevant to advisors and taxpayers entering into transactions between shareholders or restructuring activities:

  • Share issue and buy-back transactions
  • Company distributions and loans
  • Restructuring and write-off of loans
  • Capital gains tax principles relevant to the sale of business or shares
  • Using roll-over relief to achieve tax efficient restructuring

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

  • SAIT members: R 885.00
  • Non-members: R 985.00

OPTION 2 – Webinar broadcast 

  • SAIT members: R 370.00
  • Non-members: R 450.00

OPTION 3 – DVD and electronic course notes

This CPD event will be recorded and available to purchase on DVD from 1 July 2015.

  • SAIT members: R 595.00
  • Non-members: R 650.00

Click here to purchase the DVD.

When and where

All seminars will run from 09h00 to 13h00.

  • 08 June 2015 – Johannesburg
  • 09 June 2015 – Cape Town
  • 10 June 2015 – Webinar

Click here for more information and bookings.

 

Seminar: Tax issues for SMMEs – 4 CPD hours – Jul 2015

Overview 

The significance of the small business sector is highlighted in the National Development Plan, which sets a goal of creating 11 million jobs by 2030. 90% of which are expected to be created by SMMEs!

‘Small’ does not mean ‘simple’ when it comes to tax matters. The tax legislation is complex and small business owners carry huge tax risks, and making mistakes can be extremely costly. Coupled with this, there is uncertainty as the Davis Tax Committee is currently reviewing the limited tax relief that is available for SMMEs.

This seminar will focus on the tax issues specifically relevant to the SMME sector: from income tax, capital gains tax, provisional tax, employees’ tax, and dividends tax, to VAT. Find out what tax relief and planning opportunities are available to you, and what risk areas you need to watch out for.

Course content

The seminar will cover tax implications of SMMEs conducted in corporate form and as sole traders and will address the following:

  • Small business corporations – do you qualify and what is the real benefit?
  • What is turnover tax and how does a business qualify as a micro business?
  • What is a small business funding entity and what are the tax benefits?
  • What are venture capital companies and how can one access the tax benefits?
  • CGT relief on the sale of small businesses
  • How does the s23M limitation on interest deductions affect SMMEs?
  • The tax pitfalls of interest-free and low-interest loans
  • Assessed losses
  • Dividends tax issues for small companies and CCs
  • Tax administration provisions that affect small businesses
  • Provisional tax
  • PAYE, UIF and SDL obligations
  • Independent contractors, personal service providers and labour brokers
  • VAT issues

CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units.

Cost

OPTION 1 – Seminar

  • 2015 CPD subscribers: Free (use your promo code when registering for this event)
  • SAIT members: R 885.00
  • Non-members: R 985.00

OPTION 2 – Webinar broadcast

  • 2015 CPD subscribers: Free (use your promo code when registering for this event)
  • SAIT members: R 370.00
  • Non-members: R 450.00

OPTION 3 – DVD and electronic course notes

This CPD event will be recorded and available to purchase on DVD from 1 August 2015.

  • SAIT member: R 595.00
  • Non-members: R 650.00

When and where

All seminars will run from 08h30 to 12h30.

  • 13 July 2015 – Pretoria
  • 14 July 2015 – Polokwane
  • 15 July 2015 – Roodepoort
  • 16 July 2015 – Johannesburg
  • 21 July 2015 – Durban
  • 22 July 2015 – Boksburg
  • 27 July 2015 – Cape Town
  • 28 July 2015 – Port Elizabeth
  • 29 July 2015 – Webinar

Click here for more information and bookings.

 

Seminar and workshop: Preparing financial statements under IFRS for SMEs – 8 CPD hours – Jul 2015

This half-day seminar will explore the fundamentals of applying the IFRS for SMEs in a highly practical and interactive manner, with a specific focus on the presentation and disclosure of IFRS for SME-compliant financial statements. The course will include an update on the proposed future changes to IFRS for SMEs. For those of you who require more detailed assistance and guidance on the preparation of financial statements under IFRS for SMEs, you will have the opportunity to attend an interactive workshop in the afternoon, when the presenter will discuss and take you through preparing statements for specific sections of the standard.

Content

1. New exposure draft

  • An update on the changes to the current version

2. The need for quality financial statements

  • Companies Act regulations
  • Tax Practitioners Act

3. Related topics on presentation and disclosure

  • Nature and scope of IFRS for SMEs (section 1)
  • Concepts and pervasive principles (section 2)
  • Financial statement presentation (section 3)
  • Statement of financial position (section 4)
  • Statement of comprehensive income and income statement (section 5)
  • Statement of changes in equity or income and retained earnings (section 6)
  • Statement of cash flows (section 7)
  • Notes to the financial statements (section 8)
  • Accounting policies, estimates and errors (section 10)
  • Related party transactions (section 35)
  • Implementation guidance (disclosure checklist)

4. A guide for micro-sized entities applying IFRS FOR SMEs

  • Recognition, measurement, disclosure

5. Presentation

  • Comprehensive examples of financial statements: Profit company and CC

Continuing Professional Development (CPD)

Attendance of the half-day seminar will accrue 4 + 1 hours’ CPD for members of a relevant professional body. Attendance of the seminar and workshop 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

  • Members of SAAA: R 1,044.05
  • Non-members: R 1,099.00

OPTION 2: Half-day seminar + afternoon workshop

  • Members of SAAA: R 1,890.50
  • Non-members: R 1,990.00

OPTION 3: Webinar (half-day)

  • Members of SAAA: R 474.05
  • Non-members: R 499.00

OPTION 4: DVD + electronic course notes

  • Members of SAAA: R 474.05
  • Non-members: R 499.00

All above prices include VAT.

When and where

20 July 2015

  • Seminar: 09h00 – 13h00
  • Workshop: 14h00 – 16h30
  • Johannesburg, The Wanderers Club

21 July 2015

  • Seminar: 09h00 – 13h00
  • Workshop: 14h00 – 16h30
  • Pretoria, Diep in die Berg

21 July 2015

  • Online webinar: 09h00 – 13h00

27 July 2015

  • Seminar: 09h00 – 13h00
  • Workshop: 14h00 – 16h30
  • Durban, Riverside Hotel

28 July 2015

  • Seminar: 09h00 – 13h00
  • Workshop: 14h00 – 16h30
  • Cape Town, Lord Charles Hotel

Click here for more information and bookings.

 

Meet some of Tax Indaba 2015 key note speakers

The 2nd annual Tax Indaba 2015 will take place from 7 to 11 September 2015 at the Sandton Convention Centre in Johannesburg. The event is pleased to announce the following key note speakers:

David Hartnett

He joined the then Inland Revenue in 1976 and advanced to the position of Director of Capital and Savings in 1998. Following the merger of the Inland Revenue and Customs and Excise in 2004, he became HMRC’s Director General for Customer Contact and Compliance Strategy and then Director General for Business. He was one of Her Majesty’s Commissioners of Revenue and Customs, the formal governing board of HMRC, from when it was created in 2005 until his retirement, having previously been a board member of the Inland Revenue. On the Board, he acted as Director General of Policy and Technical. Hartnett was later appointed to a new post of Second Permanent Secretary for Tax, with responsibility for tax professionalism. Dave Hartnett whilst HMRC boss, negotiated a tax deal that granted HSBC’s bankers virtually guaranteed immunity from prosecution for any crimes they might have committed relating to tax fraud in Switzerland. Later in January 2013, he moved on to work at HSBC.

Judge Bernard Ngoepe

Currently the Tax Ombudsman and a South African Judge. He obtained a BJur from the University of the North and a LLB degree from Unisa. Ngoepe has previously served as an Acting Judge of the Constitutional Court of South Africa. He is also the Chancellor of the University of South Africa.

Prof. Annet Oguttu

Annet is a professor of tax law and the tax law subject head in the College of Law at the University of South Africa. She holds a Doctorate in Tax law written on a topic in international tax law (UNISA) which was followed by Post-Doctoral Studies at the University of Michigan –USA; a Masters in Tax law (UNISA); LLB degree (Makerere University); a Higher Diploma in International Tax Law (UJ) and a Diploma in Legal Practice (Makerere University). Prof. Oguttu has published many articles in national and internationally accredited journals on various international tax law topics and is a rated researcher under South Africa’s National Research Foundation. She is a co-author of the book “Tax Law: An Introduction” published by JUTA. In 2014 President Zuma appointed her as one of the Commissioners of the South African Law Reform Commission. In 2013, Prof Oguttu was appointed by the Minister of Finance is a member of the Davis Tax Committee to assess South Africa’s tax policy framework – she chairs the BEPS Subcommittee. In 2012, she was appointed by UN/DESA as a member of the “Expert Group to Developed a UN Course on Double Tax Treaties” intended to develop capacitate among tax administrators in developing countries. She is an instructor of international tax law at the “African Tax Institute”, which brings together tax officials from various African countries to develop capacity. She is a visiting professor – lecturing international tax law for a Maters course at the University of Pretoria and the HDip in International Tax Law at the University of Johannesburg. She is the Board President of the South African Institute of Tax Practitioners. She is a Board member of the South African Fiscal Association and a Board member of the African Tax Research Network which is based at the African Tax Administration Forum.

Prof. Mervyn King

Prof. King has chaired and been a director of several companies listed on the JSE and is probably best known as the Chairman of the King Committee on Corporate Governance in South Africa. However, he also serves as President of the Advertising Standards Authority, First Vice-President of the Institute of Directors Southern Africa, a member of the Securities Regulation Panel, which oversees all mergers and acquisitions in the country, Chairman of the Appeal Committee of the United Cricket Board and of the Automobile Association, Strate, the settlement arm of trades in equities and other instruments in South Africa, and of Brait Societé Anonyme. He was the South African representative at the ICC International Court of Arbitration in Paris for nine years and still acts as an arbitrator and mediator in commercial disputes. He is associated in numerous ways with several other organisations including the Commonwealth Association of Corporate Governance, the World Bank and the United Nations, among others.

For more information go to the Tax Indaba 2015 official website.

 

COMING SOON: One page for all CPD events

Just as doctors or pilots can’t let their knowledge lapse, it’s just as important for you as financial industry practitioner to keep your skills current. All ICBA members must complete at least 20 hours of Continuing Professional Development (CPD) every year. You can earn valuable CPD points by attending seminars and workshops hosted by our CPD partners. These are sometimes discounted to ICBA members.

Currently, you can find a list of CPD workshops and seminars on the News & Events page on the ICBA website. But this page will soon be separated into two sections, and all the workshops and seminars will be listed on one page dedicated to CPD events.

For a further list of upcoming workshops and seminars presented by CPD partners, please go to the CPD page on our website and click on each partner’s logo. These links will take you to their respective websites where you can have a look at current events that are relevant to you.

Webinar: The implications of section 90(2), Companies Act 71 of 2008 for accountants and auditors – 2 CPD hours – 9 Jun 2015

Over a year has passed since the provisions of section 90(2) of the 2008 Companies Act became effective, and the IRBA began monitoring compliance with the section. This section contains provisions applicable to the appointment of auditors and prohibits an auditor from being appointed where certain specified services were to be rendered to the same client.

The guidance documents issued by IRBA and SAICA have recently been updated. This webinar will incorporate the latest guidance, as well as revisit the original proposition of section 90(2).

Continuing Professional Development (CPD)

Attending the webinar will accrue 2 hours’ CPD for professional members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Cost

  • SAAA members = R 299.00
  • Non-members = R 399.00

When and where

  • Tuesday, 9 June 2015
  • 14h00 – 16h00
  • Online webinar

Click here for more information and registration.