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Dates and Venues

Johannesburg

TBA
EES-SIYAKHA Conference Centre
Parktown
Map and Directions

Fees per delegate

R4 955.00 (excluding VAT)

We offer the following discounts and special offers
(But note that you cannot combine discounts 1, 2 and 4!)

1. 35% discount to NGOs.
2. Should you be interested in attending a specific workshop that is not presented in your area, and you need to fly and stay over, we offer you a 20% discount on that event!
3. Register three delegates for an event and a fourth delegate may attend free of charge.
4. Full payment seven working days from the date of your invoice gets you a 10% discount.

Included in the fees

  • Course material
  • Parking
  • Refreshments
  • Lunch
  • Certificate of Attendance

Enquiries

E-mail Hennie or phone him on (011) 726-3040

Payment

Electronic Transfers
Name: Equity Compliance and Solution
Bank: FNB
Branch: Northcliff
Branch Code: 253 705
Account No: 62063883964

Cheques to be made payable to Equity Compliance and Solution.

Please fax a copy of the deposit slip together with the registration form to Hennie on (011) 726 2400.

Please do not mail payments.

Terms and Conditions
1. Cancellations
Should you be unable to attend, we will accept your written cancellation by no later than 7 working days prior to the start of the workshop,  in which event  a cancellation fee of 25% will be charged. Thereafter, we regret we are unable to refund any fees, although  in such cases  we would be happy to welcome a colleague who would substitute your attendance or keep the credit for a following workshop with the same monetary value. Please note that the cancellation fee of 25% will still apply in such event. All cancellations must please be confirmed in writing. 'No shows' on the dates of the workshop are still liable for the full payment. This clause also applies where we have received your registration form, invoiced you and awaiting your payment.
2. EES-SIYAKHA is not liable for any transportation or accommodation costs incurred related to the prospective attendance of an event that does not go ahead on the advertised date. The terms applicable in Clause 1 to cancellations received later than 7 working days prior to the start of the workshop will apply to any payments made in respect of events that do not go ahead for whatsoever reason.



The Taxation of Business Income
Understand Remuneration and Tax Implications, and the Taxation of Business Income

FOR A BROCHURE AND REGISTRATION FORM IN PDF ...click here

Workshop Objectives

  • Providing you with insight as to how to calculate employees’ tax
  • Understanding the tax implications relating to employee fringe benefits
  • Gaining insight into tax changes
  • Defining Vat Input, Vat Output, Zero Rated and Exempt Tax Supplies
  • Analysing Tax rules in terms of  Deductable Expenditure
  • Calculating CGT
  • Looking into the taxation of small business income

PROGRAMME

PART A – REMUNERATION AND TAX IMPLICATIONS

IDENTIFYING WHAT PACKAGE STRUCTURING OPTIONS ARE AVAILABLE

  1. Looking at available fringe  benefits and the tax implications thereof
  2. Selecting suitable benefits that are appropriate and reasonable
  3. Understanding tax risk implications associated with adopting unsuited salary structures
  4. Ensuring that your remuneration packages legally compliant with SARS rules
  5. Maintaining these structures in a continuously changing business and tax environment

SARS AND PAY STRUCTURING

  1. Looking at how SARS views “salary” structuring
  2. Providing an overview of the legal components of a total pay package
  3. The Don’ts of Salary Structuring
  4. Knowing the tax penalties are imposed for non-compliance
TAX CHANGES EFFECTIVE FROM 1 MARCH 2010
  1. Looking at the Tax changes
  2. Examining the impact of these changes on the Employer and Employee
  3. Touching on the current rules of Travel and Medical Aid Allowances
  4. Discussing the reasons to these amendments
APPLICATION OF SITE AND PAYE ON THE CALCULATION OF EMPLOYEES' TAXATION
  1. Looking at the steps to calculate employees taxation
  2. Categories of employees
  3. Independent contractors
  4. Labour brokers
  5. Exemption certificates
  6. Directors of private companies
PART B – TAXATION OF BUSINESS INCOME

Confusing vat terms can erode business profits; in fact any incorrect classifying could have significant impact on your profit margin and may indicate weak internal corporate governance.

Incorrectly classifying your supplies will distort the computation of the recovery percentage, causing either to much or to little tax being reclaimed.  Both outcomes will harm your business.

INTRODUCTION TO VALUE ADDED TAXATION (VAT)

  1. Proving you with a simplistic overview of vat
  2. Identifying what vat is levied on
  3. Recognising what items vat will not be levied on
  4. Defining what is a vat vendor
    • Describing what is an enterprise
  5. Registering as a vat vendor
  6. Proving you with an summary of Section 27 of the VAT Act relating to tax periods

DISCUSSING VAT OUTPUT – SUPPLIES OF GOODS

  1. Identifying the types of supplies
    • Taxable Supplies
    • Zero Rated
    • Exempt Supplies
  2. Time of supply rules
  3. Value of supply rules

ANALYSING THE RULES RELATING TO VAT INPUT

  1. Meeting the requirements in order to claim vat input
  2. Looking at the instances where input of vat cannot be claimed
  3. Ensuring that you do not expose your organisation to unnecessary risks
One of the most common tax questions asked is what expenses can one deduct from their income, this section aims to explain the general principles that one can apply in claiming specific expenses as a deduction.

DEDUCTABLE EXPENDITURE

  1. Section 22 of the Act – Trading Stock
  2. Employee Related Expenses
    • Salaries and wages
    • Contributions to funds
    • Annuities paid to former employees or dependents of former employees
    • Key Man Policies
    • Section 11 (CA) Restraint of Trade Payments
    • Deductions for shares given to employees
  3. Identifying the rules relating to bad debts
    • Deduction for bad debts
    • Doubtful debts allowance Section 11 (J)
  4. Section 11 (BA) Pre-Production Interest
  5. Finance Charges Section 11 (BB)
  6. Legal Expenses
  7. Rent Paid
  8. Donations
  9. Regional Service Council Levies
  10. Interest Expense
  11. Prepaid Expenditure
  12. Assess Losses
  13. Repairs
  14. Foreign Exchange and Learnerships
There are few taxes that cause more confusion amongst laymen than Capital Gains Tax, However, in its basic form, it is conceptually not a difficult tax to understand. In this session we attempt to lift the veil.

CAPITAL GAINS TAX (CGT)

  1. Defining what is CGT
  2. Looking at what type of assets are affected by CGT
  3. Determining the Base Cost of the affected asset
  4. Looking at the steps to follow in calculating CGT
  5. What are the rules regarding Rollover Provisions?
  6. Capital Gains/Loss – what is included in Taxable Income
Small business corporations could save just under R60 000 in taxes and avoid being smacked with treble penalties for non-disclosure. 

TAX RELATING TO SMALL BUSINESS CORPORATIONS

  1. Looking at what the Tax Act defines as being a small business
  2. Identifying with the advantages of being a small business
  3. Providing you with the Tax Rates applicable to small businesses
TAX UPDATES AND CHANGES AFFECTING COMPANIES
  1. Looking at the details of the proposed dividend withholding tax and related matters
  2. Changes to the definition of a dividend
  3. New anti-avoidance provisions and the pay now and argue later rule

ABOUT YOUR EXPERT PRESENTER

Alex Nortje is an experienced facilitator, consultant and financial planner. He holds a degree in accounting (B Comm.), has a master’s degree in Business Leadership (MBL) from Unisa and has obtained a postgraduate diploma in financial planning from the University of the Free State (CFP).

Alex has had considerable experience in IT ( spent 18 years in the IT arena), as well as in the financial environment in marketing and sales management. Alex has spent the last eight years as a lecturer for various institutions, and has been and is currently actively involved with the MBA, MBL, MDP and FMP courses at the Post Graduate School for Business Leadership at Unisa.

 

 ENQUIRIES ABOUT OUR CONSULTING SERVICES
E-mail Lungile Nxumalo or phone Lungile on (011) 726-3040
 

ENQUIRIES ABOUT OUR WORKSKOPS AND SEMINARS
E-mail Hennie Oosthuizen or phone Hennie on (011) 726-3040
 
ENQUIRIES ABOUT OUR CONFERENCE CENTRE
E-mail Caroline Chamboko or phone Caroline on (011) 726-3040
 
ENQUIRIES ABOUT OUR CONFERENCES
E-mail Ryan Muller or phone Ryan on (011) 726-3040
 
© EES 2004    |    Last updated on : Wednesday, 19 October, 2011 15:47