SMME Tax Risk Management: From Compliance to Strategic Advisory
Duration: 2 hours
Price: R195.00
SMME Tax Risk Management: From Compliance to Strategic Advisory
Presenters : Prof. Jackie Arendse
Overview
The small business sector is a vital part of the South African economy, particularly given the critical need to create jobs and promote economic growth. Yet, with limited resources and significant tax risk, SMMEs face considerable challenges in applying the tax legislation. Compliance costs are disproportionately high for smaller businesses, and mistakes can be extremely onerous.
This video assists small business owners, managers and advisors in managing their tax affairs effectively. It focuses on current tax issues that are 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 identifies specific tax risks that SMMEs need to watch out for and helps develop strategies to manage them, enabling practitioners to avoid costly SARS penalties, interest and disputes. It also explains the tax relief and planning opportunities available to SMMEs and shows how to access these. The investment in this video pays for itself many times over, as it provides a wealth of information that can be applied immediately in practice. Anyone involved in the SMME sector cannot afford to miss this video.
Video Content
This video focuses 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 are able to:
- Identify tax risk priorities and develop strategies to manage them.
- Identify how to access existing tax incentives for SMMEs.
- Maintain tax compliance.
- Manage SARS penalties and interest if they arise.
- Perform accurate provisional tax calculations.
- Evaluate accounting systems.
- Apply ethical principles.