Personal and Company Income Tax for Beginners

****Please note that this course is based on South African Tax****

Tax is an integrated discipline, and in a business, it is essential to understand the rules around tax implications leading to taxable income, to ensure that tax optimization is embedded within the company / close corporation / trust. The webinar will provide both awareness and some specific tools to the taxpayer, both small and medium business owners, to enable the taxpayer to claim all legitimate deductions from their income, in order to arrive at taxable income.

Completion of the self-study online course will enable the taxpayer to confidently claim business expenses incurred in the production of income, and to ensure that the business is efficient in determining its taxable income.

This course is designed for individuals, financial staff, business owners, students or any person wanting to educate themselves on personal and company income tax and, have no or very little understanding/knowledge of how it really works. This session provides much needed insight on the Tax framework as well as the basics of tax optimization.

Topics Discussed:

• Latest Budget Highlights

• The Tax Framework (corporate taxpayers & individual taxpayers)

• Exempt Income

• Tax Free Investment

• Dividends Tax (S64 of the Income Tax Act)

• Rebates

• Tax Thresholds

• Tax treatment of the varying classes of taxpayers:

  1. Sole Proprietors and Partnerships

  2. Close Corporations and PTY LTD Companies

  3. Trusts

• Micro Business – Turnover Tax

• Small Business Corporations (SBC)

• Independent Contractors

• Personal Service Providers

• Revenue Deductions

• Capital Allowances

  1. Schedule of W&T Allowances

• Taxable Income and Accounting Income

• Working from Home

• Capital Gains Tax (CGT) – the basics

• Provisional Tax – the basics

All Included:

• Video presented course

• Downloadable course material

• Certificate of training

• SAIT Accredited – 4 verifiable CPD points

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About the presenter:

Ruzel van Jaarsveld

She has over 23 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.

She is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.