Overview
The small business sector was recognised as a vital part of the South African economy, particularly given the critical need to create jobs and promote economic growth. With limited resources and significant tax risk, SMMEs faced considerable challenges in applying the tax legislation. Compliance costs were disproportionately high for smaller businesses, and mistakes could be extremely onerous.
The webinar assisted small business owners, managers and advisors in managing their tax affairs effectively. It focused on current tax issues particularly relevant to the SMME sector, covering the available incentives, income tax, capital gains tax, dividends tax and other tax areas specifically relevant in an SMME context. It identified specific tax risks that SMMEs needed to watch out for and helped practitioners develop strategies to manage them, enabling them to avoid costly SARS penalties, interest and disputes. It also explained the tax relief and planning opportunities available to SMMEs and showed how to access these. Practitioners came away with a wealth of information that could be applied immediately in their businesses, making the investment in the webinar worthwhile for anyone involved in the SMME sector.
Webinar Content
The webinar focused on the tax aspects of small business, including the following:
- Tax risk management for SMMEs
- Incentives
- Small business corporations
- Micro business turnover tax
- Capital gains tax relief – para 57
- Assessed losses – s 20 and s 20A
- Provisional tax
- VAT
- Registration/deregistration
- Refunds
- Tax administration
Competencies Developed
On successful completion of the course, practitioners were equipped to:
- Identify tax risk priorities and develop strategies to manage these.
- Identify how to access existing tax incentives for SMMEs.
- Maintain tax compliance.
- Manage SARS penalties and interest if they arose.
- Perform accurate provisional tax calculations.
- Evaluate accounting systems.
- Apply ethical principles.
Presenter
Professor Jackie Arendse
B Acc (Wits) M Acc (Tax) (UKZN) Chartered Accountant (SA) PhD (Accounting) (Rhodes)
After completing her training at Deloitte and qualifying as a Chartered Accountant, Jackie was Group Financial Accountant for a top-100 listed company before moving to academia where she developed her skills as an academic – authoring, lecturing, and researching on a wide range of tax areas – and also completing her master’s and PhD qualifications.
She served as Project Director: Tax at the South African Institute of Chartered Accountants (SAICA) between 2004 and 2006, managing relationships with key stakeholders (especially SARS and National Treasury), enhancing SAICA members’ tax competence and representing SAICA in discussions with government on tax policy and legislation.
Jackie was Head of the School of Accountancy at Wits University from 2009 until 2013 and was Head of the Department of Accounting at Rhodes University from 2014 until 2020. Since 2021, she has been Head of Taxation at Academic One, which is developing a fully online CTA/Accounting Honours programme, and she continues as a sought-after presenter of tax seminars and webinars.
Jackie has presented tax training to tax practitioners, accountants, small businesses, and large corporates around the country for many years and has authored numerous books, articles, and publications in the field of taxation including Silke on South African Income Tax. She is the managing author of Silke on Tax Administration, published by LexisNexis and updated annually.
CPD
Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax 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
- 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 three working days before commencement of an event.
- Kindly note that should payment not be received two days after the event, legal action will be taken.
- Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
- Only written notice of cancellation will be recognized.
- Conditions:
- If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
- If the cancellation occurs less than four 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.
- The 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.