Overview

Artificial intelligence and automation are transforming the tax landscape, with SARS at the forefront of this evolution through advanced data collection and integration initiatives. Over the past year, SARS has concentrated on EMP501 reconciliations, IT3T trust distributions, ITR14 shareholder disclosures, and beneficial ownership disclosures. These efforts are creating a cohesive compliance ecosystem aimed at identifying risks and enforcing regulations more effectively.

To stay ahead, tax practices must adapt to these developments and embrace proactive innovation. This entails building bespoke AI systems, integrating all companies and trusts within a unified framework, and ensuring complete compliance for every client. By adopting a comprehensive data integration approach, tax practices can enhance efficiency and minimise risks across their operations.

Join us for this essential webinar to discover how to align your practice with SARS’s advancements and future-proof your operations.

Webinar Content

During this webinar, Mark will cover:

• SARS’s automation initiatives, including pre-populated returns, automated risk assessments, and AI-driven compliance monitoring.
• SARS’s collection and integration of critical data from EMP501 submissions, IT3T trust distributions, ITR14 shareholder disclosures, and beneficial ownership records.
• The implications of SARS creating a comprehensive compliance overview by linking these data points.
• The necessity for tax practices to connect all companies and trusts within a single system to achieve full compliance.
• The benefits of developing AI systems tailored to tax practices to streamline operations, automate processes, and enhance decision-making.
• Adopting a risk-based approach to navigate this interconnected data environment.
• Leveraging AI to understand tax legislation, stay updated on compliance requirements, and meet SARS’s evolving standards.
• Integrating multidisciplinary capabilities within accountancy practices to address new regulatory challenges.

Competencies Developed

• Understanding SARS’s automation initiatives and their impact on tax compliance.
• Developing and implementing AI systems to stay ahead of SARS’s technological capabilities.
• Establishing unified systems for monitoring compliance across all companies and trusts.
• Employing a risk-based approach to minimise financial and reputational exposure.
• Automating tax processes to improve efficiency and accuracy.
• Managing and integrating data effectively to meet regulatory requirements.
• Preparing for the AI-driven transformation of tax practices.

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 1 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:  R230.00
• Special rate for SAIT members:  R184.00
• 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.