Overview 

Contributed tax capital (CTC) is an important concept that must be considered when one deals with share capital and dividends.

What is the difference between share capital, stated capital and contributed tax capital, and how is the CTC of a company determined?

Our monthly discussion forum for January 2024 brings up an informative conversation that answers the above question including a basic understanding of how share buy backs work.

Join Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) on 31 January 2024 from 10:00 a.m. to 12:00 p.m. as they give an analysis of the differences between IFRS, the Income Tax Act, and the Companies Act requirements when it comes to owners’ equity/ share capital.

Learning objectives and competencies developed

By attending this discussion forum, you will:

• Acquire an understanding of the meaning of “dividend” for IFRS, Income Tax Act and Companies Act purposes.
• Have an appreciation of the difference between share capital, stated capital and contributed tax capital.
• Possess knowledge of the respective legal and administrative requirements regarding capital.
• Understand some of the basic applications of contributed tax capital in tax planning.
• Acquire a basic understanding of how share buy backs work.

Content to be discussed

The following topics are under discussion for this month:

• Introduction to share capital.

Share capital vs stated capital vs contributed tax capital.

• Defining dividend under:
  • IFRS.
  • Income Tax Act.
  • Companies Act.
• Important legal and administrative requirements.
• CTC in tax planning.
• Share buy backs.

Obtaining your CPD certificate

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.

All attendees are issued with a CPD certificate available in an online profile.

Meet your presenters

Caryn Maitland CA(SA)

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour.

Carmen Westermeyer CA(SA)

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme.

In December 2012 Carmen 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.

Who should attend?

The following persons will benefit from attending this webinar:

• Professional accountants such as CA(SA), BAP(SA), AGA(SA), Professional Accountant (SA), FCCA, BA(SA) and ACCA.
• Registered auditors.
• Company directors.
• Financial managers.
• Registered tax practitioners.

Price           

• Individual Booking: R380.00
• Company Booking:
  • Group Price 1 - From R184 per person (up to 5 users)
  • Group Price 2 - From R121 per person (up to 10 users)
  • Group Price 3 - From R109 per person (over 11 users)

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar. Click here to create a free profile (There is no charge to create a profile and gain access to our free content).

To find out about the Resource Centre, Accounting Library and CPD Subscription Plans, click here .

Corporate training solutions

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.

Contact us

Have any questions or need any assistance? Contact us today!

• Online chat through our website.
• WhatsApp: Start chatting (+27635026114)
• Phone: 010 593 0466
• E-mail: [email protected]