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2020 Managing Corporate Income Tax - Webinar 3
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2020/05/27
When: 27 May 2020
From 9:00am until 1:00pm
Where: Online Webinar
South Africa
Contact: Tshepo Magopa
0129437002


Online registration is closed.
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Overview

The primary responsibility of the tax practitioner with regard to the submission of the IRP 6, ITR14 and IT14SD is to ensure that complete and accurate information is submitted to SARS and that defendable positions are taken whenever Uncertain Tax Positions arise.

This course is directed to assist the tax practitioner and his/her client to ensure that corporate income tax returns are submitted in such a manner as to create tax certainty, reduce the risk of understatement and underestimation penalties and to anticipate SARS requests for information and audits. A pro-active approach to IRP 6, ITR 14 and IT 14SD’s will facilitate the dispute resolution process.


Course Content

The course is developed to assist the tax practitioner in exercising due diligence when preparing the IRP 6, the ITR14 and the IT 14SD. The course will be case study based and learning will occur on a practical and interactive basis.

The course will be structured around the following elements of the Annual Income Tax Lifecycle:

Topics covered will include the following:

  • What is Tax Management?
  • Importance of ERP systems and “shadow tax teams” in managing taxes.
  • IRP 6 preparation
    • Practical examples and par19(3) queries.
    • Avoiding underestimation penalties.
    • Complying with Covid-19 dispensations on provisional tax.
  • Annual Financial Statement disclosures and interpretation
    • Relevance and importance of deferred tax and tax rate reconciliations
    • Uncertain tax positions, contingent tax liabilities and tax risk provisions
    • Interpreting Annual Financial Statements – a practical approach with example.
  • Review and preparation of the ITR 14
    • Understanding “Yes”/”No” questions
    • Understanding the reasons for connected party disclosures and the importance of full and accurate disclosure
    • Tax technical analysis of tax pitfalls and opportunities, including but not limited to:
      • Concept of Contributed Tax Capital
      • Capital allowances
      • Leasehold Improvements
      • Repairs and maintenance
      • Provisions and accruals
      • Consulting Fees, Legal Fees and audit fees
      • Government Grants and subsidies and anti-double dipping legislation.
      • Connected party disclosures
      • Section 18A and Learnership allowances
      • Section 11A pre-trade expenses
      • Trading Stock
      • Section 11(j) doubtful debt allowances and Section 11(i) bad debts.
    • Approach to preparation of IT 14SD (excl Customs)
      • PAYE reconciliation
      • VAT Output reconciliation
      • VAT Input Reconciliation
    • How to deal with a SARS Request for Information.
    • How to deal with a SARS Audit.
    • How to deal with objection and appeals.

 


Dates

  • 13 May
  • 20 May
  • 27 May

Presenter

Johan Heydenrych


 

Johan has specialised in taxation since 1991 and became a tax partner at a Big Four Firm in 1997.

Since March 2020, he provide independent tax consulting services and focus on the provision of training courses to clients and tax professionals.

Johan has 30 years experience in providing tax consulting services in the area of Corporate Tax, Value-added Tax and Remuneration planning. He regularly present tax courses to clients and organisations on VAT, Income Tax and Employment Taxes. His MCom thesis entitled “A critical analysis of VAT at local authorities” assisted me in achieving this Masters degree cum laude.

Area of Expertise

Corporate Tax, Value-added Tax, Employment Tax, Tax Accounting, Tax Process and Technology

Education and Qualifications

  • B. Com (Accounting) (Cum Laude)
  • B. Com (Accounting) (Hons) (Cum Laude)
  • Certificate in the Theory of Accounting
  • M. Com (Taxation) (Cum Laude)
  • Chartered Accountant (Specialising in Taxation) Member of SAICA and IRBA
  • Registered Tax Practitioner in December 2012 she started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016.

CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output Tax CPD points.


Event Investment 


100% discount for General Tax Practitioner and Tax & Accounting CPD subscribers. Not a CPD subscriber yet? Click here to register.

SAIT member: R480.00

Non-member: R575.00

Company price: R950.00

Please note the company price applies whenever more than one person will be watching a webinar concurrently from one connection, e.g. if a group is watching the webinar together in a boardroom.


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 be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on SAIT bank account.
  • Cancellations:
    • Only written notice of cancellation will be recognized.
    • 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.

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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.

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