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Tax on SMMEs - Durban
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The small business sector is a vitally important part of the economy, particularly in light of the need to create jobs and promote economic growth. Over the last decade a number of tax initiatives have been introduced as part of Government’s commitment to promote entrepreneurship and small business. On the other hand, there are many areas of complexity in applying tax legislation in a SMME and making mistakes can be extremely costly!

2013/08/20
When: 2013/08/20
09:00am until 13:00pm
Where: Durban Country Club
101 Walter Gilbert Road
Durban, KZN  4001
South Africa
Contact: Ingrid Erwee


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Preparing for a SARS Audit Presented By Ronel de Kock

OVERVIEW:

The small business sector is a vitally important part of the economy, particularly in light of the need to create jobs and promote economic growth. Over the last decade a number of tax initiatives have been introduced as part of Government’s commitment to promote entrepreneurship and small business. On the other hand, there are many areas of complexity in applying tax legislation in a SMME and making mistakes can be extremely costly!

This seminar will focus on the various tax issues relevant to SMME sector, from incorporation to the running of a business and the final winding up thereof. Find out what tax relief and planning opportunities are available to you and what common mistakes you need to watch out for. The investment in attending this seminar will pay for itself many times over as you will come away with a wealth of information that you can immediately apply in your business.

If you are involved in the SMME sector you can’t afford to miss this!

COURSE CONTENT:

This seminar will focus on the tax aspects of small business, including the following:

  • Small business corporations – do you qualify?
  • Dividend tax and the withholding obligation for companies and CCs
  • Interest-free and low-interest loans
  • Tax administration provisions that may affect small businesses
    • The new penalty rules
    • SARS’ powers to collect, search and seize assets and how you could be affected
  • Provisional tax
  • Debt waiver and reductions
  • VAT
    • Registering
    • Common VAT errors that you need to avoid
    • Selling your business as a going concern
    • Deregistering as a vendor
  • CGT issues, including -
    • What happens when you sell your shares or your business
    • CGT relief on the sale of small businesses
    • Transferring assets to your company
  • PAYE, UIF and SDL obligations
  • Assessed losses
  • Liquidation and winding up
  • Micro business turnover tax

WHO SHOULD ATTEND:

  • Tax practitioners, small business owners, advisors, auditors, accountants, bookkeepers, academics company directors, budding entrepreneurs and anyone involved in small business management.

PRESENTER/S:

Professor Jackie Arendse – B Acc H Dip Tax M Acc (Tax) MTP(SA) CA(SA)

Jackie has many years experience in the profession as well as in commerce and academia and is a sought-after presenter of tax seminars for tax practitioners, accountants and the general business community. She was appointed to the position of the Head of the School of Accountancy at the University of the Witwatersrand in May 2009 and remained in that post until February 2013. She has served on various professional committees, including the SAIT Board and National Technical Committee. Formerly the Project Director: Tax at SAICA, Jackie continues to advise professional bodies on technical tax issues and has represented SAIT and other professional bodies in liaising with SARS, National Treasury and the Parliamentary Portfolio Committee on Finance. She has authored several books on taxation and is the co-author of Silke on Tax Administration. Jackie is well known as a leading expert in tax and her many articles on a broad range of tax matters have been published in a variety of business journals and newspapers. She has a particular interest in the development of the small business sector and will share valuable information in this seminar that will assist any small business owner or advisor.


CPD:

Attendance will secure 4 hours verifiable CPD points/units, incl. other professional bodies.
(SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA)

EVENT INVESTMENT:

SAIT Members: R850.00
Affiliated Members R950.00
Non-Members: R990.00


WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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