Overview   

Many company owners who are your clients consider the income tax rate of 28% on their taxable income too high. They expect you to reduce their tax burden as much as possible by accurately working out allowable deductions from their taxable income and taking advantage of any incentives that SARS offers. 

For your smaller clients, you need to determine whether it is better for them to register as Small Business Corporations so that they pay progressive tax rates rather than the flat rate of 28%.  

Join Russel Ngobeni BAP(SA) as he presents a detailed webinar on income tax for businesses. Russel will give you the complete cycle from registration with SARS, calculation of taxable income, tax incentives available and all other corporate income tax issues that you need to be aware of. This webinar is scheduled for 12  November 2019 from 09:00 a.m. to 11:00 a.m. giving you 2 CPD hours.  

Learning objectives  

By the end of this event the participant should: 

• Be able to register a client’s business for income tax; 

• Understand how to calculate corporate income tax; 

• Understand the advantages of clients becoming Small Business Corporations; 

• Understand Turnover Tax; and 

• Be able to file income tax returns for businesses. 

Content 

The webinar will cover the following topics:  

• Registering for income tax.  

• Determining taxable income: 

  • Exempt income; and 

  • Allowable deductions. 

• What is a Small Business Corporation? 

  • Who qualifies? 

  • Advantages of becoming an SBC. 

  • Calculating tax for an SBC.   

• What is Turnover Tax? 

  • Who can register for it? 

  • Calculating turnover tax. 

  • Advantages. 

• Filing income tax returns. 

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

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

About the presenter 

Russel Ngobeni 

Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology. 

Russel is the Shinyawani Group of Companies (Pty) Ltd.  He has won various entrepreneurial awards in the province of the Free State.  

Who should attend 

The following persons will benefit from attending this webinar: 

• Practising bookkeepers and accountants. 

• Tax practitioners. 

• Accounting department support staff.  

Price               

• R475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

• R0.00 - Paid CPD package subscribers.  

Choose Individual if you would like to attend this event yourself or choose Company if you would like to share this event to with your entire firm. 

This webinar is free if you are already a SAAA <Certified Bookkeeper> CPD subscriber. <only displayed for Core or Elective events part of a package > 

Click here <link to: https://accountingacademy.co.za/cpd> to find out about the Technical Resource Centre & CPD Subscription options. 

Click here <link to: https://accountingacademy.co.za/auth/register> to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series). 

Additional material 

By attending this webinar you will be provided with: 

• 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.