Overview

This webinar-workshop will focus on current tax issues that are particularly relevant to the SMME sector. The topics that will be covered in the workshop include income tax, dividends tax, capital gains tax (CGT) and VAT. The workshop will also explain all business phases relevant to SMMEs, from incorporation or starting up, to the ongoing running of a business. Furthermore, some of the tax issues that arise in business rescue situations or final winding up will be discussed.

The webinar-workshop will include a discussion of the tax relief and tax planning opportunities that are available to SMMEs and what common risk areas SMME owners and advisors need to watch out for. The investment in attending this workshop will pay for itself many times over as attendees will not only come away with a wealth of information that can be applied immediately but will also save time and costs that might otherwise be incurred in terms of penalties, interest, and disputes with SARS.

Workshop-webinar content

This webinar-workshop will focus on the tax aspects of small business, including the following:

• Tax risk management for SMMEs.
• Tax administration provisions that affect small businesses.
• Small business corporations – do you qualify and what is the real benefit?
• What is turnover tax and how does a business qualify as a micro business?
• Dividend’s tax and the withholding obligation.
• The tax pitfalls of interest-free and low-interest loans.
• Provisional tax.
• VAT issues and current VAT challenges, including:
  • Registration and deregistration.
  • Common VAT errors that you need to avoid.
  • Selling your business as a going concern.
• CGT issues, including:
  • What happens when you sell your shares or your business?
  • CGT relief on the sale of small businesses.
  • Transferring assets to your company.
• PAYE, UIF and SDL obligations.
• Assessed losses.
• Tax challenges in business rescue, liquidation and winding up.
• What’s the possible way forward with tax incentives for SMMEs?

Who should attend?

Small business owners, tax practitioners, entrepreneurs, advisors, auditors, accountants, bookkeepers, academics, company directors, and anyone involved in small business management. Jackie has a particular interest in the development of the small business sector and will share valuable information in this webinar-workshop that will assist any small business owner or advisor.

Presenters

Professor Jackie Arendse

B Acc (Wits) M Acc (Tax) (UKZN) PhD (Accounting) (Rhodes) MTP(SA) CA(SA)

Professor of Taxation at Academic One and Associate Professor Emeritus at Rhodes University

After completing her training at Deloitte and qualifying as a Chartered Accountant, Jackie was Group Financial Accountant for a top-100 listed company before moving to academia where she developed her skills as an academic – authoring, lecturing, and researching on a wide range of tax areas – and completing her master’s and PhD qualifications.

She served as Project Director in Tax at the South African Institute of Chartered Accountants (SAICA) between 2004 and 2006, managing relationships with key stakeholders (especially SARS and National Treasury), enhancing SAICA members’ tax competence and representing SAICA in discussions with government on tax policy and legislation.

Jackie was Head of the School of Accountancy at Wits University from 2009 until 2013 and has been Head of the Department of Accounting at Rhodes University from 2014 until 2020. She now works as an independent consultant, trainer and tax specialist and is a sought-after presenter of tax seminars and webinars.

Jackie has presented tax training to tax practitioners, entrepreneurs, and businesses around the country for many years and has authored numerous books, articles, and publications in the field of taxation including Silke on South African Income Tax. She is the managing author of Silke on Tax Administration, published by LexisNexis and updated annually.

CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output Tax CPD points per session.