Micro Learning Course: Salaried Employees - Allowances and specific deductions


Duration: 3.6 Hours

Price: R472.50

Video Type: Series

Individuals Tax
...

Micro Learning Course: Salaried Employees - Allowances and specific deductions

Duration: 3.6 hours

Price: R472.50


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Title / Topic

Micro Learning Course: Salaried Employees - Allowances and specific deductions


Overview

In this Module we will introduce you to fringe benefits and allowances available to employees as a result of their employment. We want to ensure that you have a firm grasp of these concepts as this again forms the basis of the Practical payroll module. Due to the number of fringe benefit types available, we had to split the Salaried Employees module in a Part A and Part B.

In Part A you will learn about fringe benefits. In Part B, which will be released after Part A, we will walk you through the allowances available to an individual who earns salary income. In practice, we often see that taxpayers get confused between a fringe benefit and an allowance. We are convinced that, due to the separation of these modules Part A and Part B, our candidates will understand the difference between these concepts.

investment income (local and foreign) and will also cover specific transactions and rebates that do not strictly fall into the other categories.

The subtopics or units included in this topic are:

  • Travel allowance
  • Subsistence allowance
  • Public office, entertainment, and other allowances

 

OUTCOMES OF TOPIC

After studying this topic related to travel allowances, you should be able to:

  • Understand the difference between a fixed travel allowance and a reimbursee travel allowance.

  • In terms of the fixed travel allowance understand how to calculate the taxable amount of the allowance

  • In terms of the reimbursee travel allowance understand how to calculate the taxable amount of the allowance

  • Understand how the travel allowance is declared on the ITR12 tax return and how to claim a deduction for business expenses against the travel allowance.

What's Included:

Travel allowance

Overview In this Module we will introduce you to fringe benefits and allowances available to employees as a result of their employment. We want to ensure that you have a firm grasp of these concepts as this again forms the basis of the Practical p ayroll module. Due to the number of fringe benefit types available, we had to split the Salaried Employees module in a Part A and Part B. In Part A you will learn about fringe benefits. In Part B, which will be released after Part A, we will walk you through the allowances available to an individual who earns salary income. In practice, we often see that taxpayers get confused between a fringe benefit and an allowance. We are convinced that, due to the separation of these modules Part A and Part B, our candidates will understand the difference between these concepts. investment income (local and foreign) and will also cover specific transactions and rebates that do not strictly fall into the other categories. The subtopics or units included in this topic are: Travel allowance OUTCOMES OF TOPIC After studying this topic related to travel allowances, you should be able to: Understand the difference between a fixed travel allowance and a reimbursee travel allowance. In terms of the fixed travel allowance understand how to calculate the taxable amount of the allowance In terms of the reimbursee travel allowance understand how to calculate the taxable amount of the allowance Understand how the travel allowance is declared on the ITR12 tax return and how to claim a deduction for business expenses against the travel allowance.


0.31 Hour | R175.00

Subsistence allowance

Overview In this Module we will introduce you to fringe benefits and allowances available to employees as a result of their employment. We want to ensure that you have a firm grasp of these concepts as this again forms the basis of the Practical p ayroll module. Due to the number of fringe benefit types available, we had to split the Salaried Employees module in a Part A and Part B. In Part A you will learn about fringe benefits. In Part B, which will be released after Part A, we will walk you through the allowances available to an individual who earns salary income. In practice, we often see that taxpayers get confused between a fringe benefit and an allowance. We are convinced that, due to the separation of these modules Part A and Part B, our candidates will understand the difference between these concepts. investment income (local and foreign) and will also cover specific transactions and rebates that do not strictly fall into the other categories. The subtopics or units included in this topic are: Subsistence allowance OUTCOMES OF TOPIC After studying this topic related to travel allowances, you should be able to: Understand the difference between a fixed travel allowance and a reimbursee travel allowance. In terms of the fixed travel allowance understand how to calculate the taxable amount of the allowance In terms of the reimbursee travel allowance understand how to calculate the taxable amount of the allowance Understand how the travel allowance is declared on the ITR12 tax return and how to claim a deduction for business expenses against the travel allowance.


0.15 Hour | R175.00

Public office, entertainment and other allowances

Overview In this Module we will introduce you to fringe benefits and allowances available to employees as a result of their employment. We want to ensure that you have a firm grasp of these concepts as this again forms the basis of the Practical p ayroll module. Due to the number of fringe benefit types available, we had to split the Salaried Employees module in a Part A and Part B. In Part A you will learn about fringe benefits. In Part B, which will be released after Part A, we will walk you through the allowances available to an individual who earns salary income. In practice, we often see that taxpayers get confused between a fringe benefit and an allowance. We are convinced that, due to the separation of these modules Part A and Part B, our candidates will understand the difference between these concepts. investment income (local and foreign) and will also cover specific transactions and rebates that do not strictly fall into the other categories. The subtopics or units included in this topic are: Public office, entertainment, and other allowances   OUTCOMES OF TOPIC After studying this topic related to travel allowances, you should be able to: Understand the difference between a fixed travel allowance and a reimbursee travel allowance. In terms of the fixed travel allowance understand how to calculate the taxable amount of the allowance In terms of the reimbursee travel allowance understand how to calculate the taxable amount of the allowance Understand how the travel allowance is declared on the ITR12 tax return and how to claim a deduction for business expenses against the travel allowance.


0.1 Hour | R175.00

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