14 April 2016
From 09:00 until 13:00
Diep in die Berg
929 Disselboom Street
Pretoria, Gauteng 0050
Online registration is closed.
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Small, Medium and Micro-sized Enterprises (SMMEs) may be relatively small, but ‘small’ certainly does not mean ‘simple’ when it comes to tax matters. Tax legislation is complex and small business owners have substantial tax risks and thus making mistakes can be extremely costly. Additionally, the Davis Tax Committee is still completing its work on the limited tax relief that is available to SMMEs.
This seminar will focus on the tax issues specifically relevant to the SMME sector: from income tax, capital gains tax, provisional tax, employees’' tax and dividends tax to VAT. Find out what tax relief and planning opportunities are available to successful tax practitioners and what risk areas you need to watch out for.
The seminar will cover tax implications of SMMEs conducted in corporate form and as sole traders and will address the following:
- The classification of SMMEs
- Small business corporations - who qualifies and what is the real benefit?
- What is turnover tax and how does a business qualify as a micro business?
- What is a small business funding entity and what are the tax benefits?
- What are venture capital companies and how can one access the tax benefits?
- CGT relief on the sale of small businesses
- How does the s23M limitation on interest deductions affect SMMEs?
- The tax pitfalls of interest-free and low-interest loans
- Assessed losses
- Dividends tax issues for small companies and CCs
- Tax administration provisions that affect small businesses
- Provisional tax
- PAYE, UIF and SDL obligations
- Independent contractors, personal service providers and labour brokers
- VAT issues
Herman van Dyk CA(SA), RA, MCom(SA and international tax)
Herman van Dyk is the Programme Leader for Taxation at the Potchefstroom
Campus of the North-West University. He is a Chartered Accountant (SA) and
Associate Chartered Accountant (England & Wales). He graduated with an
MCom in South African and International Taxation cum laude. He received an
academic award for the research part of this qualification titled Grounds
for allowing a tax deduction for employee share incentives (best
dissertation in the class). In 2012 he received the Rapport Top Lecturer
Award for inspirational teaching and academic leadership in the Faculty of
Economic and Management Sciences. In 2014, he received an Institutional
Teaching Excellence Award. Herman has contributed to several accredited
South African and international journals.
This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units.
Including the following professional bodies. (SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT)
Option 1 - Seminar:
This event forms part of the General Tax Practitioner & Tax Advisory CPD subscription package.
Important: Printed copies of notes is optional and will cost additional R50 per set and must be ordered. Electronic notes will be emailed to all registered delegates 2 days prior to the event. Should you require a printed copy on the day of the seminar kindly select the printed seminar notes when registering for the event.
Option 2 - Dedicated Webinar Broadcast
This dedicated CPD webinar will be presented in Afrikaans & English on 2 different dates.
Company Price: R850.00
Option 3 - DVD
This CPD event will be recorded and available to purchase on DVD. Available 30 April 2016.
Payments & Cancellations
- All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
- Kindly note that should payment not been received 2 days after the event, legal action will be taken
- Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.
- Only written notice of cancellation will be recognised.
- If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
- If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
- Delegates who book and fail to attend will be liable for the full event fee.
- SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
- Please click here for the full terms and conditions.