Overview   

As part of the 2015 updates to the IFRS for SMEs, the calculation of deferred tax in terms of Section 29 of the IFRS for SMEs was fully aligned with IAS 12 Income Taxes in full IFRS. The amendments were effective from 1 January 2017.  

We know that many accounting and tax practitioners find deferred tax calculations tedious and it is clearly not a favourite topic of many. That is why we have brought in an expert to take an in-depth look at the correct approach to take when calculating income taxes, especially the principles relating to the calculation of deferred tax.  

After this webinar you will see that deferred tax calculations CAN be understood clearly! 

This webinar is part of a series on IFRS for SMEs. The series will cover selected IFRS for SMEs topics that every accounting professional should fully understand in their day to day work. If you are interested in booking for the entire series, click here.  

Learning objectives  

By the end of this event the participant should: 

• Understand the purpose of IFRS for SMEs Section 29 Income Tax. 

• Understand the contents of the Standard; 

• Understand how to correctly calculate deferred tax;  

• Understand how to calculate income taxes; and 

• Know how to practically apply the Standard as a whole.  

Content 

The webinar will cover the following topics:  

• Introduction to IFRS for SMEs Section 29 Income Taxes. 

• Recognition of current tax assets and tax liabilities.  

• Measurement of current tax assets and tax liabilities. 

• Deferred tax:  

  • Recognition. 

  • Presentation. 

  • Tax bases of assets and liabilities. 

  • Temporary differences. 

  • Discounting deferred tax assets and liabilities. 

  • Offsetting and when it's allowed. 

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 

Caryn Maitland CA(SA)

Caryn Maitland graduated in 1998 from the University of Natal, Pietermaritzburg (now UKZN), with a BCom Honours degree in Accounting and completed her articles with KPMG in 2001 and qualified as 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 in Auditing, second and third year subjects, for Varsity College from 1999 to 2001. In 2002, she was appointed as senior lecturer at UKZN and coordinated the Financial Accounting 300 course until June 2006. In addition, she has lectured in Advanced Financial Accounting since June 2006 until December 2011.

Caryn has conducted independent workshops and seminars for professional accountants since 2006 on various topics, and has consulted on a number of technical issues. Since January 2011, she has focused on her own business as technical freelance consultant and trainer. 

Caryn also held the position Editor-in-Chief of an online continual professional development (CPD) website for accounting professional, eCPD Accountancy, having resigned from this post in September 2013.

Caryn 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.  She has also been involved with the SAICA SMP Technical tour (2014 to present).

Who should attend 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

• Accounting officers;  

• Tax practitioners; and 

• Bookkeepers. 

Price             

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

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: 

• 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 me the presenter after the webinar