IT(3)t: The Good, The Bad, and the 30 September Deadline


Date: Jul 22, 2024 - Jul 22, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Carmen Westermeyer
BCom (Honours Accounting) [UND] CA(SA)
Presenter: Mandy Graaf

The deadline for IT3(t) submissions is 30 September 2024. Having experienced the IT3(d) submissions, we know this process can be quite complex.

Overview

Navigating the complexities of IT3(t) submissions will likely be challenging for tax practitioners, especially given the intricate nature of trust distributions and the various parties involved. Preparing, summarising, and reconciling the required data to be submitted with the IT3(t) is complex and requires careful consideration.


Webinar Content

In this webinar, Carmen Westermeyer and Mandy Graaf will guide you through the following important areas: 

  • Preparing the required data to successfully submit the IT3(t).
  • The governance information (i.e., distribution resolution) required to be filed with the IT3(t).
  • Available IT3(t) submission portals.
  • Technical issues to consider for the successful submission of the IT3(t).
  • Ensuring the tax return information for the donor, trust, and beneficiaries reconciles.

Competencies Developed

After attending this webinar:

  • You will understand the requirements of an IT3(t).
  • You will understand the financial information required on an IT3(t).
  • You will know how to choose the correct submission platform.
  • You will know how to submit the return.

Presenters

Carmen Westermeyer

BCom(Honours Accounting) [UND] CA(SA)

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC, where she remained until 2006. She has been a member of SAICA since then.

In 2008, she started her academic career at UKZN, where she performed a number of functions, taking on the role of Academic Leader for Taxation. On leaving academia in 2013, Carmen has been providing training and consulting services to the profession. She has presented on behalf of various professional bodies, such as SAICA, FASSET, CSSA as well as providing in-house training to numerous accounting firms. The topics covered include all aspects of income tax, VAT, estate duty as well as the health levy (sugar tax). In addition, she regularly consults on tax matters as well as assisting with SARS disputes.

She is also the Chair of the SAICA Eastern Region Tax Committee, a member of the SAICA National Tax Operations Committee and is an Accounting Member of the Tax Court.


Mandy Graaf

FCIS FCIBM

Mandy completed her Chartered Secretary South African qualification whilst working for Deloitte from 1997 to 2001. In 2001 she joined a local firm of Chartered Accountants and Auditors in Pietermaritzburg. She was promoted to financial manager and headed up the accounting practice covering trusts, close corporations, small companies, partnerships, farmers and individuals. Wanting to pursue a career in tax, she left this firm in February 2014 and joined Ash, Hellberg & van Rooyen Chartered Accountants.

 During her position as Tax Manager and heading up the entire tax practice, she completed her HDip Tax and ADip Tax (Advanced Diploma in Tax Procedural Law) through Thomas Jefferson School of Law and passed both with distinction. She started running her own tax practice in September 2016 specialising in dispute resolution, trusts and SARS compliance.


CPD

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


Event Investment

Free complimentary access.

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