Overview   

Tax compliance is a fundamental responsibility for individuals, businesses, and accounting professionals. Understanding how to calculate taxes accurately and submit returns correctly is essential for maintaining compliance with legislation, avoiding penalties, and supporting sound financial management. Whether dealing with personal income tax, employment taxes, capital gains tax, provisional tax, or VAT, finance professionals must possess the practical skills required to perform calculations and complete returns with confidence. 

This webinar provides a practical introduction to the key principles of taxation and the procedures involved in calculating tax liabilities and completing statutory returns. Participants will gain an understanding of tax terminology, taxable income calculations, deductions, rebates, PAYE, UIF, Capital Gains Tax, Provisional Tax, VAT, and SARS eFiling requirements. The session will bridge the gap between tax theory and practical application, enabling attendees to navigate tax compliance obligations effectively. 

Join Doubt Moyo as he explores the principles, calculations, and compliance requirements associated with basic taxation and tax return submissions, equipping attendees with the knowledge and practical skills required to accurately calculate taxes, prepare returns, and meet their SARS obligations. 

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Understand fundamental taxation principles, terminology, tax rates, thresholds, and compliance requirements. 

• Calculate gross income, taxable income, allowable deductions, rebates, and net tax payable accurately. 

• Understand the preparation, completion, and submission of tax returns and supporting documentation. 

• Apply practical knowledge of PAYE, UIF, Capital Gains Tax, Provisional Tax, and VAT calculations. 

• Identify lawful tax planning opportunities to improve tax efficiency for individuals and small businesses. 

Content 

The webinar will cover the following topics:  

• Fundamentals of Taxation 
o Tax terminology: Gross income, exemptions, deductions, and taxable income 
o Types of taxes: Direct taxes and indirect taxes 
o Income Tax principles and legislative framework 
o Tax compliance obligations and taxpayer responsibilities 

• Individual Personal Income Tax (PIT) 
o Gross income inclusions: Salary, wages, bonuses, fringe benefits, and travel allowances 
o Exemptions and allowable deductions 
o Medical aid tax credits and retirement fund contributions 
o Home office expense deductions 
o Tax rebates and taxable income calculations 

• Employment Taxes and Returns 
o PAYE (Pay-As-You-Earn) calculations 
o UIF contribution calculations and requirements 
o EMP201 monthly employer declarations 
o EMP501 employer reconciliation process 
o Interpretation of IRP5 and IT3(a) tax certificates 

• Capital Gains Tax (CGT) and Provisional Tax 
o Capital Gains Tax principles and legislation 
o Base cost determination and proceeds calculations 
o Inclusion rates and net capital gain calculations 
o Provisional taxpayer requirements 
o IRP6 submission requirements and estimation rules 

• Basic Value-Added Tax (VAT) 
o VAT principles and legislative framework 
o Standard-rated, zero-rated, and exempt supplies 
o Input tax and output tax calculations 
o VAT payable and VAT refundable calculations 
o VAT201 return completion and verification procedures 

• Tax Returns and SARS eFiling 

o Tax return submission processes 

o SARS eFiling functionality and navigation 

o Supporting documentation requirements 

o Filing deadlines and compliance obligations 

o Common filing errors and how to avoid them 

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.   

About the presenter 

Doubt Moyo 

Doubt Moyo is a dedicated and analytical financial accountant with a strong background in accounting, taxation, and forensic auditing. He holds a Bachelor of Commerce in Accounting from Midlands State University and a BCom in Applied Accounting from Oxford Brookes University. With extensive experience as both an accountant and a lecturer, Doubt has worked with institutions such as Richfield and Dateline College, where he has overseen financial records, prepared tax returns, and educated students in various accounting disciplines. Currently, he is the Managing Partner at Aphiwe Business Services, where he continues to impart knowledge and manage comprehensive financial services for clients. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Practising Bookkeepers. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Trainee accountants. 

Price          

• R 265.00 - Online admission - Individual.  

  • 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 Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

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 corporate@accountingacademy.co.za 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: ticket@accountingacademy.co.za