ITR14 Challenges: Practical Solutions for Corporate Tax Issues
Duration: 2 hours
Price: R195.00
ITR14 Challenges: Practical Solutions for Corporate Tax Issues
Presenters : Marita Jordaan
Overview
SARS has significantly intensified its audit and verification activities, leading to increased scrutiny of ITR14 submissions. Many companies are facing penalties due to incomplete, inconsistent, or incorrect returns. This practical video addresses the key challenges tax practitioners encounter when preparing and submitting the ITR14, offering real-world solutions to help ensure compliance and reduce audit risk.
Whether you're a tax practitioner, accountant, or in-house financial manager, this session will help you improve the quality of your ITR14 submissions, manage tax risk effectively, and confidently navigate SARS reviews.
Video Content
1. Preparing and Submitting the ITR14
- SARS compliance expectations based on the latest guidance
- Common errors in key ITR14 sections
- Recent changes to the ITR14 and their practical implications
2. Tax Risk Management
- Building a tax pack that protects your client or company
- Aligning tax positions with legally defensible opinions
- Identifying risk areas and understanding materiality
3. Linking the Return to Financial Statements
- Reconciling the ITR14 with Annual Financial Statements (AFS)
- Common mismatches and audit triggers
4. Special Taxpayer Scenarios
- Treatment of dormant companies and nil returns
- Valuation of trading stock and income recognition
- Disclosures for related-party transactions
Competencies Developed
- Practical ITR14 completion aligned with SARS expectations
- Enhanced tax risk awareness and mitigation strategies
- Ability to reconcile tax and accounting figures
- Preparation of defensible supporting documentation
- Identification and management of high-risk disclosures