Interpreting Annual Financial Statements: Tax Pitfalls and Opportunities


Duration: 2 Hours

Price: R495.00

Video Type: Single

Presenter: Johan Heydenrych
CA(SA)

Corporate Tax

Corporate Tax
...

Interpreting Annual Financial Statements: Tax Pitfalls and Opportunities

Duration: 2 hours

Price: R495.00


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Title / Topic

Interpreting Annual Financial Statements: Tax Pitfalls and Opportunities

Presenters : Johan Heydenrych


Overview

In this practical and informative recording, we will analyse a sample of publicly available financial statements and consider the tax risks and opportunities that reveals itself from a careful analysis of the annual financial statements.


Recording content

We will discuss the following:

  • The importance of the directors’ and governance reports.
  • Expected tax risks and opportunities depending on the industry in which the company operates.
  • Tax risks flowing from funding mechanisms’ including shareholder loans, external funding, and different classes of share capital.
  • Transfer pricing, dividend tax and interest limitation rules.
  • Overview of current and non-current assets and impact on income tax, VAT and PAYE.
  • Overview of current and non-current liabilities and impact on income tax, VAT and PAYE.
  • Review of deferred tax make up.
  • Overview of auditor’s report and impact of qualifications on ITR14.
  • Items to be on the lookout for and the detailed income statement.
  • The notes to the annual financial statements, contingent liabilities and IFRIC 23 disclosures.

Competencies developed in this CPD

After attending this recording, you will be able to:

  • Review completeness and accuracy of tax disclosures in annual financial statements.
  • Prepare and submit ITR14’s and IRP6’s.
  • Performing tax due diligences.
  • Deal with dispute resolution.
  • Assist with tax implications of business rescue initiatives.

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