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Tax Workshop Synopsis

MAJOR OBJECTIVE
To enable business owners to manage their tax affairs in a competent and responsible way, whilst taking advantage of allowances and benefits available in terms of the tax legislation without fear of penalties and interest.
 
COURSE CONTENT
Module A: South African Tax Basics
Overview of the SA tax system
Direct and Indirect taxation
Tax treatment of entities and individuals
Module B: Taxation of Companies and Close Corporations
The general deduction formula
Disallowable expenditure
Capital expenditure and allowances
Tax incentives, including Small Business Corporation Tax
Dividend tax
Deferred tax
Employer’s duties regarding Employees’ Tax
Provisional tax
Module C: Taxation of Individuals
Income from employment and other income
Property rental income
Retirement funds and annuities
Company car vs. travel allowance
Capital Gains Tax basics
Module D: Value Added Tax
VAT basics
Tax invoices and credit notes
The VAT control account
Disallowable items
VAT exceptions and adjustments
 
TRAINING METHODOLOGY
The programme is in workshop format, with applicable case studies and discussion groups, facilitated by a Stratagem subject matter expert.
 
COURSE DURATION
Course duration is one day.
 
FOR WHOM INTENDED
Operations and clerical staff who deal with VAT and or Tax on a daily basis.