Our Monthly Legislation and Standards Update provides a summary of some of the most important legislation updates from the previous month. This helps you, our client to stay up-to-date on recent and important legislation developments in auditing, accounting, tax, SARS operations, CIPC operations, Labour and other relevant laws.
Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.
Technical expert Lettie Janse van Vuuren CA(SA), RA(SA) monthly researches all relevant and important changes and presents this in an easily understood and summarised webinar.
The webinar includes:
A reference guide of all changes to share within the firm,
PPT summary of all new amendments,
Interactive session with the presenter,
Online Q&A.
Learning objectives
After attending this webinar you will:
Be aware of the latest legislative changes and what it means for your business, practice, and those of your clients
Be able to inform your staff and clients on how to stay compliant
Adapt business models to fit new legislative landscapes
Receive comprehensive reference documents and guides
Have access to your own technical resource
Access to the presenter via email for a follow-up Q&A
Course Content
The following legislative, regulatory, industry standards and guides have been updated in the last 30 days and will be covered in the webinar:
SARS:
Guides (updated & issued):
FAQs on the increase in the VAT rate (Issue 5).
Draft guide on mutual agreement procedures (MAPs).
Binding Private Ruling updated:
115: Tax on incentive rewards paid to independent sales persons (with reference to Interpretation Note 76).
Notices issued:
Returns to be submitted by a person in terms of section 25 of the Tax Administration Act.
Tax Season 2018 has been shortened with 3 weeks.
Specifications for uploading supporting documents on e-Filing.
Incorrect taxation on "voluntary retrenchments".
Incidences of non-compliance by a person in terms of section 210(2), that are subject to a fixed amount penalty in accordance with sections 210(1) and 211 of the Tax Administration Act.
Tables of Interest rates updated:
On outstanding taxes and interest rates payable on certain refunds of tax.
Payable on credit amounts.
Court cases:
Source of income: Whether foreign income earned is taxable in South Africa.
Prescription of assessments.
IFRS:
General: IFRS summary update.
IRBA:
Guidance issued:
Proposed Revised and Restructured IRBA Code of Professional Conduct.
CIPC:
Notices issued (enforcement and to customers):
Deadline for filing financial statements with CIPC
Mandatory XBRL filing for companies
How to file using XBRL portal
10% Penalty on Turn Over if companies fail to comply with Compliance Notices issued by CIPC
High Court cases in favour of CIPC on issuing 10% penalties
Update on CIPC IT infrastructure upgrade
Companies Tribunal:
Update on cases heard by Companies Tribunal including Exemptions, Name disputes, Directors disputes, Annual General Meetings.
Labour Law:
Proposed: Tobacco Products and Electronic Delivery Systems Bill and its effect on employers.
Court case:
Unfair labour practice when considering promotions.
Other Laws & Regulations affecting your client AND impact on NOCLAR:
The Big 5:
Public Hearings on Land Expropriation and effect on the valuation of assets for financial statements
The Labour Relations Act (Essential Services Designations)
The National Credit Act (Draft Affordability Assessment Guidelines)
The Critical Infrastructure Protection Bill (Version B)
The Draft Control of Tobacco Products and Electronic Delivery Systems Bill; and
The National Environmental Management Waste Act (Draft Health Care Risk Waste Management Regulations).
National Credit Regulator guidelines:
Proposed guidelines relating to ascertaining consumer’s gross and discretionary incomes.
The Debt Counselling Fee Guidelines now available online.
Regulator news:
IRBA press release:
IESBA Consults on Professional Scepticism.
SAICA Guidance:
Top tips for SMPs(Small and Medium Practices).
FIC publications:
Typologies booklet.
Notice re decommissioning of current e-mail query address.
CGSO publication:
Newsletter.
National consumer tribunal publications:
Newsletter.
3 Judgments (from April 2018).
EAAB Reminder:
On-line submission of audit report (due by 30 June 2018 for estate agency firms with a financial year-end of 28 February 2018).
Read what our delegates said about the previous webinar.
Ashraf: Really great presentation
Johann: Thank you for a very good webinar. Many things learned. Keep on. Good presenter.
Tshepo: Thank you Lettie, the webinar was insightful and knowledge enriching.
Sophie: Thank you so much - please continue to enlighten us!
Magaretha: Thank you Lettie, I look forward to all the rest of your coming presentations.
Michele: Thank you Lettie, this was a very good presentation. Looking forward to the next one.
Venisia: The presenter was well prepared
Marthinus: Course well presented Presenter Well prepared
Johann: The tax section.
Tshepo: The difference between NOCLAR and RI and their implications.
Simon: Course material and explanation by the presenter was very clear and to the point
Nkgolo : Course content and articulation by the lecturer
Gerard: Variety of Topics
Pieter: Just a word of gratitude extended to your professionalism and humour on this webinar today, what a pleasure to listen to and you really updated us on all aspects to date.
Anzhela: Topical questions are presented in clear and understandable manner, precise to topic with supporting material.
Sarah: The presentation is so detailed and well presented.
Simon: Course material and explanation by the presenter was very clear and to the point
Previous Recording
Preview the snippet below for a sneak peak at what you can expect from the webinar
Save this event to your Google or Outlook calendar.
Venues & Dates
The following venues and dates are available for this event.
