Tax Issues for SMME’s & Individuals

Reminder: Tax Issues for SMME’s & Individuals

OVERVIEW:

The small business sector is a vitally important part of the economy, particularly in light of the need to create jobs and promote economic growth. Over the last decade a number of initiatives have been introduced by Government to promote small business and entrepreneurship and further changes are likely following the Davis Tax Review Committee’s recent review of tax issues in the small business environment. There are many areas of complexity in applying tax legislation in Small, Medium and Micro Entities (SMME) and making mistakes can be extremely costly!

This seminar will focus on the various tax issues relevant to SMME sector, from incorporation to the running of a business and the final winding up thereof. The seminar covers income tax, dividends tax, capital gains tax and VAT. Find out what tax relief and planning opportunities are available to you and what common mistakes you need to watch out for. The investment in attending this seminar will pay for itself many times over as you will come away with a wealth of information that you can immediately apply in your business.

If you are involved in the SMME sector you can’t afford to miss this!

COURSE CONTENT:

This seminar will focus on the tax aspects of small business, including 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?
  • Dividends tax and the withholding obligation for companies and CCs
  • The tax pitfalls of interest-free and low-interest loans
  • Tax administration provisions that affect small businesses
  • Provisional tax
  • VAT issues and current VAT challenges, including –
    • Registration and deregistration
    • Common VAT errors that you need to avoid
    • Selling your business as a going concern
  • CGT issues, including –
    • What happens when you sell your shares or your business
    • CGT relief on the sale of small businesses
    • Transferring assets to your company
  • PAYE, UIF and SDL obligations
  • Assessed losses
  • Liquidation and winding up
                   
PRESENTER:

Professor Jackie Arendse – B Acc H Dip Tax M Acc (Tax) MTP(SA) CA(SA)

Jackie has many years experience in the profession as well as in commerce and academia and is a sought-after presenter of tax seminars for tax practitioners, accountants and the general business community. She was appointed to the position of the Head of the School of Accountancy at the University of the Witwatersrand in May 2009 and remained in that post until February 2013. She has served on various professional committees, including the SAIT Board and National Technical Committee. Formerly the Project Director: Tax at SAICA, Jackie continues to advise professional bodies on technical tax issues and has represented SAIT and other professional bodies in liaising with SARS, National Treasury and the Parliamentary Portfolio Committee on Finance. She has authored several books on taxation and is the co-author of Silke on Tax Administration. Jackie is well known as a leading expert in tax and her many articles on a broad range of tax matters have been published in a variety of business journals and newspapers. She has a particular interest in the development of the small business sector and will share valuable information in this seminar that will assist any small business owner or advisor.

CPD:


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

Including the following professional bodies. (SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICB)                  

EVENT INVESTMENT:

Option 1 – Seminar:

Monthly CPD Subscribers: Free

Member: R850.00
Affiliated: R950.00
Non-member: R990.00
Click here to register for the seminar

Important: Please note that as from 2014 printed copies of notes is optional and will cost additional R50 per set and must be ordered.Electronic notes will be emailed to all registered delegates 2 days prior to the event. Should you require a printed copy on the day of the seminar kindly select the printed seminar notes when registering for the event.

Option 2 – Live Webinar Broadcast

This CPD event will be broadcast live on Thursday 8 May 2014 from 09:00 – 13:00

Member: R290.00
Affiliated: R300.00
Non-member: R350.00
Click here to register for the Webinar

 
Option 3 – DVD & Electronic Course Notes
 
This CPD event will be recorded and available to purchase on DVD.
Member: R540.00
Non-member: R650.00
 
  
Payments & Cancellations

All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.

  • Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT’s bank account.
  • Only written notice of cancellation will be recognised.
  • Conditions:
    • If the cancellation occurs more than 30 days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 30 but more than 10 days prior to the event a 50% cancellation fee will apply.
    • If the cancellation occurs less than 10 days prior to the event a 100% cancellation fee will apply.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • SAIT’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.

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