Seminar and webinar: 2015 ITR14 and IT14SD – 4 CPD hours – Aug/Sep 2015

Overview 

All companies submitting returns of income must do so using the ITR14 form – last updated in 2014.

The ITR14 requires a great deal more disclosure by companies in order for SARS to assess companies. Information disclosed in the ITR14 feeds directly into the IT14SD form, a supplementary declaration in which taxpayer’s, if selected by SARS, are required to reconcile declarations after the initial submission of the ITR14.

This seminar will focus on the mechanics of the submission of the forms, the content of each of the forms to assist taxpayers’ and tax practitioners’ in understanding the relevant terminology and the impact of the increased disclosure from a tax perspective.

Course content

The following will be covered during this seminar:

ITR14

  • Customising the return and effect on AFSs.
  • When a company will be classified as dormant, a share block company, a body corporate, a microbusiness, small business or as a medium to large business. The definition of a small business corporation will be revisited.
  • Dividends paid, contributed tax capital, return of capital and the last STC credits.
  • Resident status of the company, company structure and implications of a change therein during the year.
  • International transactions, withholding taxes and transactions to be based on arm’s length principle.
  • Capturing detail from the statement of financial position and of comprehensive income.
  • Adjustments, such as trading stock, interest paid, exemptions and claiming special allowances.
  • Submission of the return and relevant material.

IT14SD

  • Customising the return.
  • PAYE reconciliation and areas of concern.
  • Linking the Income Tax reconciliation with the ITR14 Tax computation Tax Administration Act.
  • Relevant provisions that relate to the ITR14 and IT14SD.
  • Incorrect disclosure and prescription.

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 1 October 2015.

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

Click here to purchase the DVD.

When and where

  • 17 August 2015 – Bloemfontein – 09:00 to 13:00
  • 18 August 2015 – Potchefstroom – 08:30 to 12:30
  • 19 August 2015 – George – 09:00 to 13:00
  • 20 August 2015 – Webinar – 09:00 to 13:00
  • 21 August 2015 – East London – 09:00 to 13:00
  • 01 September 2015 – Roodepoort – 09:00 to 13:00
  • 02 September 2015 – Polokwane – 09:00 to 13:00
  • 14 September 2015 – Durban – 09:00 to 13:00
  • 15 September 2015 – Johannesburg – 09:00 to 13:00
  • 16 September 2015 – Pretoria – 09:00 to 13:00
  • 17 September 2015 – Port Elizabeth – 09:00 to 13:00
  • 18 September 2015 – Cape Town – 09:00 to 13:00
  • 21 September 2015 – Boksburg – 09:00 to 13:00
  • 22 September 2015 – Nelspruit – 09:00 to 13:00

Click here for more information and registration.