STUDY IN YOUR OWN TIME NOW with below TOPICS!
DEALING WITH SARS PENALTIES AND OBJECTIONS – 1.5 CPD Hours
Tax Administration is becoming one of the most challenging and time-demanding aspects of the work of a tax professional and the various penalty provisions of the Tax Administration Act are the main issue. This online course outlines, in understandable language and with a very practical focus, the various penalty provisions and how and when they apply. Furthermore, the online course explains the circumstances in which penalties can be waived or reduced and takes you through the process to obtain such relief. The Act is very technical and specific and it is essential for every tax professional or business person responsible for managing tax risk, to understand the rules and the process that has to be followed.
Outline of the various penalty provisions in the Tax Administration Act and an explanation of which penalties apply when
Circumstances in which one can apply for a penalty to be waived or reduced
The objection process
The pay-now-argue-later principle and applying for a suspension of payment
What to do when there is a problem with the objection process
IT14SD – 2 CPD Hours
This course is aimed at providing a discussion on the common problems and reconciling items that need to be considered when completing the IT14SD.
What are my rights and obligations with respect to IT14SD’s?
What are the common reconciliation items in an IT14SD?
What are the common problems with completing an IT14SD?
LEASING VS INSTALLMENT SALE. INCOME TAX VS VAT – 2 CPD Hours
With the introduction of the new leases standard for Accounting, this is an area that is currently under the spotlight. It is also an area that is often misunderstood from a tax point of view. This course aims to look at the difference between sales of assets, leasing of assets and deferred sales.
The legal aspects of the various ownership transfer methods
The differences in interpretation between income tax and VAT
The potential income tax recoupment’s from leases
How it all should be accounted for from an Income Tax and VAT perspective
PROPERTY DEVELOPERS AND VAT – 2 CPD Hours
With the relief provided by section 18B falling away, it is imperative that property developers understand the impact on their VAT liability should they be letting out property on a temporary basis. The change in use can cause significant VAT output that can cause cash flow problems.
This online course will focus on the VAT implications for property developers, specifically focusing on the VAT liability caused by this change in use.
Should Property developers register for VAT?
VAT on commercial property VS VAT on residential property
Change in use when property is temporarily let
Section 18B Temporary relief
Value of supply for VAT purposes
Time of supply for VAT purposes
Impact on property developers
SOUTH AFRICAN TAX RESIDENCY VS LEGAL – 2 CPD Hours
Employers sending South African employees on extended foreign secondments face various practical challenges and tax residency is one of them. The challenge also arises on emigration of South African citizens. With the foreign remuneration exemption changing from 2020 it is imperative that companies as well as employees and individuals are aware of the tax consequences on foreign employment and emigration. These consequences go beyond normal income tax and PAYE, and will affect capital gains tax, estate duty as well as certain withholding taxes. This session is aimed at explaining these consequences.
Determination of tax residency
When do you cease to be a tax resident?
Determination of legal residency
When do you cease to be a legal resident?
Consequences of remaining a tax resident after emigration
Consequences of ceasing to be a tax resident after emigration
The ping-pong effect on tax residency
Exchange control consequences of leaving South Africa
WORKING CAPITAL – 2 CPD Hours
This online course will be looking at the management of working capital using various techniques and assessing cost vs. benefit of holding short term assets.
Introduction and clarification of terms
Objective of working capital policies and the working capital cycle
Financing policies and forecasting
Trade Receivable Management
Who will this package benefit?
This course would be useful for all persons who provide tax advice for any clients. It would also be useful for any persons who are responsible for the tax compliance of their businesses or their clients. Any delegate that is looking to get a refresher on the above topics would also be welcome.
COST at SPECIAL 50% LESS
R 650.00 Per Individual Course
– NOW R 325.00
R 2 250.00 For Total Package
– NOW R 1 125.00
Electronic course notes
Certificate of Completion
Verifiable CPD Points on completion of assessment
Total CPD Hours: 10