Impact of Tax Automation and AI on the Tax Profession


Date: Jul 15, 2024 - Jul 15, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Professor Rashied Small

How will technology, especially auto assessments, impact your role as a tax practitioner in a digital era?

Overview

How will technology, especially auto assessments, impact your role as a tax practitioner in a digital era? The questions that will be discussed during this webinar include whether technology and Artificial Intelligence (AI) will threaten the future of tax practitioners and how they should adapt to remain relevant in the tax profession.

Other focus areas include how tax authorities (SARS) are using third-party data and technology, including Artificial Intelligence, to implement their auto assessment strategy. Additionally, Prof Rashied Small will cover how tax practitioners can equip themselves to ensure they can render value-added services to taxpayers.

The emphasis of the webinar will be on how tax practitioners can offer value-added services, such as:

  • Involvement in investigation and audit/validation functions, especially in terms of auto assessment.

  • Improving technical knowledge and applied skills to enhance understanding and interpretation of tax legislation to lodge effective objections and appeals on behalf of taxpayers.

  • Providing tax planning and tax risk management services to taxpayers.


Webinar content

  • Auto assessment and its impact on tax practitioners

  • Changing roles of tax practitioners in the digital era

  • The "digital" tax practitioner and tax practice

  • Providing value-added services

  • Preparing tax practitioners for the future in a digital environment


Competencies developed

After attending the webinar, you will be able to:

  • Validate and audit auto assessments.

  • Utilise digital and technology proficiencies to offer beneficial tax services to clients.

  •  Fulfil the burden of proof responsibility.


Presenter

Prof Rashied Small

Professor Small is a professional educationist with experience in education restructuring and curriculum development. He describes himself as a human capital developer and has left a deep footprint in academia. Professor Small has held teaching positions such as Associate Professor, Guest Lecturer and Educational Trainer at international institutions such as the Prince Sultan College of Tourism and Management as well as King Abdullah University of Science and Technology. He has also served as Senior Lecturer, Head of Financial Accounting and Coordinator of Honours program, at the University of Western Cape. Professor Small is passionate about the Accountancy profession and how it should be shaping itself to meet the future of Artificial Intelligence as well as enhanced and new technologies. He believes that sophisticated automation will and has already begun changing the way accountants fulfil their role. He maintains that accountants must become information users and knowledge producers. He is also firm proponent of accounting professionals becoming expert users of the increasingly sophisticated software that is available, as he considers this to be the only way they can carve out a niche for themselves.


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 Technician, 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 and 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 been received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration if payment at that point in time has not been reflected on the Tax Faculty's bank account.
  • Only written notice of cancellation will be recognised.
  • Cancellation conditions:
    • 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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Venues & Dates

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