QuickBooks training courses – certified for CPD – Sep/Oct 2015

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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

Port Elizabeth

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

Durban

Cape Town

 

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

  • 8 & 9 September 2015; 15 & 16 September 2015
  • 28 & 29 October 2015
  • For bookings and more information call Zanele Ntsibande on 0861 726 657 or email zanele.ntsibande[at]quickbooks.co.za

Port Elizabeth

  • 17 September 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

Cape Town

Johannesburg

 

QUICKBOOKS BASIC BOOKKEEPING TRAINING

When and where

Johannesburg

Cape Town

 

QUICK ESSENTIALS TRAINING

When and where

Johannesburg

 

STOCK SEMINAR

When and where

Johannesburg

 

Webinar: Amendments to the IFRS for SMEs – 2 CPD hours – 16 Sep 2015

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Overview 

The International Accounting Standards Board (IASB) has recently issued the amendments to the International Financial Reporting Standard for Small and Medium-sized Entities (the IFRS for SMEs).

This webinar will explain the amendments to the IFRS for SMEs and provide guidance on applying them. The effective date is 1 January 2017, but you will need to prepare well in advance to apply the amendments. Expert presenter, Prof. Cobus Roussouw will take you through the major amendments and address some of the most relevant minor amendments and clarifications.

Continuing Professional Development (CPD)

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

Cost

Online webinar

  • Member of SAAA: R 299.00
  • Non-members: R 399.00
  • CPD subscribers: Free

Recording

If you are not able to attend on the day, you can still register and pay for the webinar and you will receive the recording within five working days after the webinar has taken place.

All above prices include VAT.

When and where

  • 16 September 2015
  • 14h00 – 16h00
  • Online webinar

Click here for more information and registration.

 

 

Tips to streamline your tax return

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Article source: iAfrica 

In South Africa, August brings about chilly weather and a chilling reality – the 2015 tax season. The thought of reporting to SARS sends some people into a spin whilst they try to frantically complete log books and gather slips to document their expenses. Christo Davel, 22seven founder and CEO offers a couple of tips to get your financial life in order and tackle your tax return with poise.

Submit a return, no matter what

A recent communication from SARS says that individuals that earn less than R350 000 per annum, and fulfil a series of criteria, may not have to file a return in 2015. There are many reasons why you should always file your return with SARS, here are two of them:

  • If you don’t file a return then you won’t be eligible for any kind of tax refund. A refund is money you overpaid on your taxes and it belongs to you.
  • If you wish to borrow money from a South African bank (mortgage or loan) you are required to have a Tax Clearance Certificate. This can only be obtained if all of your returns are up to date and filed appropriately.

An IRP5 is not an ITR12

Your ITR12 is the form that you have to complete and submit to SARS. An IRP5 is one of the documents you need to do this. What you’ll also need to complete the ITR12 form are details of what you’ve spent on and earned from your employer, or your investments. An IRP5 is a summary of all the payslips you got from your employer during the tax year (1 March 2014 – 28 February 2015). It shows how much income you earned and all the deductions you’ve paid to SARS.

Use a tool that assists in tracking your expenses

Historically, when it comes to your tax return you procrastinate, then gather all of your invoices, receipts and other records from the year, and manually add it all up. Using a tool like 22seven helps to gather all the information you need within minutes. The tool gives you monthly totals for every category making it simple to see what you spent. If you’re calculating your total fuel spend, you can just look for “Transport & Fuel” for each month of the tax year and add those up. This is the same for any other category that’s relevant to your return. All the information from your 22seven profile is easily exportable to excel.

The important dates for the 2015 tax season are:

  • 30 September 2015 – Manual/postal submissions
  • 27 November 2015 – At a SARS branch (non-provisional)
  • 27 November 2015 – eFiling (non-provisional)
  • 29 January 2016 – Provisional taxpayers via eFiling

 

Betty Bookkeeper explains if a personal trainer can claim deductions for a RA – Aug 2015

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Hi Betty 

With regards to my question last month about a personal trainer, will this person then be entitled to claim their RA when doing their tax return?

Kind regards,
Roy

 

 

Hi Roy

Yes, all individuals are entitled to claim a deduction for their RA – this is limited to 15 % of their non-retirement income. Retirement income generally refers to a salary out of which a person makes pension fund contributions so non-retirement income will include all other income.

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!

Seminar & webinar: 2015 Tax Administration Act update – 4 CPD hours – Oct/Nov 2015

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Overview 

The promulgation of the Tax Administration Act (TAA) and subsequent amendments significantly impacted tax practitioners and their clients.

Being able to apply and advise on the practical application of the TAA is a critical part of tax practitioner’s day to day business. Despite the fact that this legislation provides much needed certainty and guidance on many aspects of tax administration, it also poses many practical challenges. Resolving these challenges requires a detailed and up to date knowledge of the provisions, case law and technical requirements of the TAA.

Content

This practical seminar covers the aspects of the TAA that taxpayers and practitioners are faced with on a regular basis as well as new developments in this space over the past year. The topics that are covered in the seminar include:

  • Updates on administrative provisions made at the start of 2015, new regulations issued in 2015, proposed amendments for 2016 as well as relevant case law in 2015.
  • Record keeping and the burden of proof.
  • Returns required to be submitted.
  • Dealing with SARS requests for information and audits.
  • Reportable arrangements.
  • Dealing with disputed assessments.
  • Dealing with penalties imposed.
  • Payment of taxes and related matters

Continuing Professional Development (CPD)

This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units for members of professional bodies like SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT.

Cost

OPTION 1 – Seminar

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

 

OPTION 2 – Dedicated webinar broadcast

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

OPTION 3 – DVD and electronic course notes

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

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

Click here to purchase the DVD.

When and where

All seminars will run from 09h00 to 13h00.

  • 12 October 2015 – Durban
  • 13 October 2015 – Cape Town
  • 14 October 2015 – George
  • 15 October 2015 – Port Elizabeth
  • 16 October 2015 – East London
  • 19 October 2015 – Johannesburg
  • 20 October 2015 – Bloemfontein
  • 21 October 2015 – Online webinar
  • 26 October 2015 – Boksburg
  • 27 October 2015 – Nelspruit
  • 09 November 2015 – Potchefstroom
  • 10 November 2015 – Roodepoort
  • 11 November 2015 – Pretoria
  • 12 November 2015 – Polokwane

Click here for more information and registration.

 

Workshop: Understanding financial statements – certified for CPD – Sep/Oct 2015

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Financial statements are essential to understanding business. The aim of this workshop is to provide non-financial delegates with practical skills in using accounting data to make decisions, and in reading financial statements (Management Accounts and Annual Financial Statements).

This workshop is suitable for entrepreneurs, managers, professionals, staff, bookkeepers and other users of financial statements.

This one-day workshop will use the three main statements – Income Statement, Statement of Financial Position and Cash Flow Statement – to manage the cash flow cycle from purchases to banking the cash.

By the end of the workshop, candidates will be able to efficiently read the main financial statements, and using a number of key figures, develop a story line of the effectiveness of business in generating sales revenue through to cash flow.

Topics covered

1. Introduction and definitions

2. Statement of financial position

  • Non-current assets
  • Inventory
  • Receivables and payables

3. Taxation

4. Equity and debt

5. Income Statement

6. Cash Flow Statement

7. How to read financial statements

Continuing Professional Development (CPD)

This workshop is accredited by the Institute of Certified Bookkeepers and Accountants (ICBA) for CPD points.

Cost

  • R 1,750.00 (incl VAT) per delegate

When and where

  • Willowbridge, CPT – 11 September 2015
  • Midrand, JHB – 14 October 2015

Click here for bookings.

 

Workshop: Payroll process – 5 CPD hours – Sep 2015

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Course content 

  • Why processes?
  • Why map/chart processes?
  • Vision vs current reality
  • Charting/mapping context
  • Constructing process charts/maps
  • Sample process charts/maps
  • Case study – administering a user request for changes to a system
  • Case study – human resources recruitment
  • Common errors in charting/mapping
  • Business process improvement
  • Case study – credit granting for home loans process – major bank

Cost

  • SAPA members: R 1,280.00
  • Non-members: R 1,950.00

When and where

All workshops will run from 09h00 to 15h30. Registration from 08h30.

  • 08 September 2015 – Durban, Suncoast Casino
  • 10 September 2015 – Cape Town, V&A Waterfront Hotel
  • 15 September 2015 – Johannesburg, CCJ Woodmead

Click here for more information and registration.

 

Seminar & webinar: Taxation of trusts – 4 CPD hours – Oct 2015

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Overview 

In this seminar, Piet Nel will revisit the law of the taxation of trusts, including the principles in relation to the beneficiaries of trusts. Amongst others, Piet will deal with the conduit principle, interest free loans, the use of multiple trusts, services rendered through a trust and the reduction of debt.

The use of trust as estate planning tool will be will also be covered, as well other taxes such as donations tax, transfer duty and withholding taxes (dividends and interest). The disclosure requirements in the tax return (ITR12T) will also covered.

Course content

The below content will be covered during this seminar:

1. Understanding trusts

  • The parties to the trust (trust, trustees and beneficiaries)
  • The significance of the trust deed (inter vivos, mortis causa, vested or discretionary rights)
  • The consequences of the trust being a person for tax purposes
  • Special trusts
  • The conduit principle codified
  • Accounting treatment vs tax treatment
  • Vesting
  • The fact that the parties are connected persons

2. Normal income tax

  • Residency of a trust
  • Section 7
  • Attribution of capital gains
  • To spouse, parent, ‘donor’ or resident
  • To beneficiary
  • Dividends – the dividends tax and the treatment of foreign dividends and vested dividends
  • Reduction of debt
  • Non-resident beneficiaries
  • Multiple trusts

3. Services rendered through a trust

  • The proviso to paragraph (c) of the definition of gross income
  • Personal service provider
  • Are the trustees employees? The beneficiaries?

4. The trust in estate planning

  • Property competent to dispose of and the alter ego trust (Rees 5)
  • Limited interests

5. The other taxes

  • Donations tax – The Krok trust decision
  • The withholding taxes – interest and royalties
  • Transfer duty – Changing beneficiaries
  • Securities transfer tax
  • Value-added tax

Continuing Professional Development (CPD)

This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units for members of professional bodies like SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT.

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 – Dedicated 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 23 October 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.

  • 07 October 2015 – Pretoria
  • 09 October 2015 – Roodepoort
  • 12 October 2015 – Johannesburg
  • 13 October 2015 – Online webinar
  • 14 October 2015 – Polokwane
  • 19 October 2015 – Durban
  • 20 October 2015 – Boksburg
  • 21 October 2015 – Port Elizabeth
  • 26 October 2015 – Cape Town

Click here for more information and registration.

 

 

TaxPlanner Personal 2015 & 2016 now available from TaxBox

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taxplanner

For the individual, financial planner or smaller accounting practice

  • Analyse, plan, administer and prepare your tax the quick, accurate and easy way!
  • An ideal, single user application for 10 family members or clients – saving you time with precise tax calculations.
  • Prepare tax in advance, prior to assessment.
  • All tax calculations with the applicable rules are built in.
  • As you enter information, the calculations are done instantly and displayed on the screen.

A system designed with a single toolset to handle the complete tax submission process, consisting of the following:

  • Provisional Tax Payments (IRP6)
  • Assets and Liabilities / All income and deductions
  • Professionally designed reports – all coded for SARS eFiling
  • Standard letters to SARS and clients
  • Includes FINPACK to generate Income Statements, Statement of Assets and Liabilities, as well as Disposable Income Reconciliation Summary.

Cost

  • Special launch price: R 520.00
  • Normal price: R 650.00

Go to www.taxbox.co.za/order to place your order.

 

Webinar: Basic guide to eFiling – 2 CPD hours – 25 Aug 2015

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Overview 

This introduction to eFiling webinar will be a back-to-basics course aimed at bookkeepers and technician staff. The training material will also be beneficial to accountants that have just started at a practice, or someone not experienced in using the eFiling functionalities.

The course will cover the navigation of eFiling, and the basics of registering new taxpayers (and tax numbers) on eFiling. It will also provide hints and tips on common issues experienced with eFiling.

Continuing Professional Development (CPD)

This webinar and successful completion of the online assessment will secure 2 hours verifiable output CPD points/units for members of professional bodies like SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT.

Cost

This webinar does not form part of the CPD subscription package.

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

When and where

  • 25 August 2015
  • 15h00 until 17h00
  • Online webinar

Click here for more information and registration.