The Effect of AI on Tax Departments


Date: Feb 8, 2024 - Feb 8, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Mark Silberman

The more evolved way to manage tax and provide value insights into tax departments adopting automation and artificial intelligence.

Overview

By staying ahead of the curve with technology-enabled solutions, tax professionals are now armed with the power to add greater value to their organisations and into the future. Firms who have automated with the right systems have all the necessary data to comply with current regulations for all regulators, such as SARS, CIPC, Masters and FIC. 


Webinar content

In this webinar, Mark will explore the following:

  • A risk based approach for a tax practice avoiding the risks.
  • How SARS is using data-driven insights, algorithms, and artificial intelligence in a bid to fight tax evasion.
  • How SARS is modernising its systems to provide digital and streamlined services to the public, rebuild trust and confidence in the tax collector.
  • AI and automated SARS tax return submissions, as well as the challenges they create.
  • The big call and push back for the uploading of trust distributions for pre-population and monthly EMP 501 reconciliations.
  • The impact of new shareholders disclosure on the ITR14 tax returns and on beneficial ownership.
  • How trust tax returns for all trusts need to be accounted for, including the uploading of all distributions via IT3T to SARS.
  • How to learn tax law and compliance issues using AI.
  • The blending of all disciplines in the accountants office to meet all the new regulatory requirements.

Competencies developed in this webinar

  • The setup of a tax department using a risk based approach.
  • The minimum risk based steps that you have to have in place to avoid financial and reputational damage.
  • How to automate all your tax processes.
  • How to gear up for the oncoming AI revolution.
  • How to blend and manage data in a practice.

Presenter

Mark Silberman

Mark Silberman B. Acc. CA(SA) is the founder and a director of Accfin Software. Previously served as the chairman of SAICA's Tax Technology Committee and is currently a member of the committee.

Mark invented the first Tax and Company Secretarial system in South Africa and has extensive experience in technology enabled solutions especially in regard to automating many South African Accounting Practices. Responsible for helping with the design of tax return submission software. Accfin Software was the first e-Filer to file tax returns into the SARS e-Filing system from application software.


CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of CPD.


Event Investment

Free for Tax Technicians, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

  • Regular price:  R460.00
  • Special rate for SAIT members:  R368.00
  • Group booking discounts available when you register for a group.

Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Kindly note that should payment not be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on Tax Faculty's bank account.
  • Cancellations:
    • Only written notice of cancellation will be recognized.
    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 4 working 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.
  • Tax Faculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
  • Please click here for the full terms and conditions.

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