Overview   

One of the most common questions accountants get asked is regarding their clients wanting to know whether to dispose of shareholding in a business or sell the operations out of the company.  

Mergers, acquisitions and disposals of businesses involve more than just the transfer or consolidation of business ownership. What are the legal, accounting and tax implications of the different scenarios? This workshop will delve into the world of acquisitions and disposals of businesses and shares by investigating issues that include valuation concerns, tax consequences, the importance of a well-written contract, and understanding what is being sold or bought. This session is a must for accountants and auditors who want to gain a better understanding of these transactions, as well as any delegates looking at refreshing their knowledge on the topic. 

Monthly Accountants Tech Talk is a monthly talk session where Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) hold a live discussion with the aim of resolving current issues that have been raised by accountants and auditors as requiring attention. If you are interested in subscribing to the series, click here for more information. Join Caryn and Carmen on 22 June 2022 from 9:00 a.m. to 12:00 p.m. as they discuss, from different perspectives, the topic of the disposal of shares and businesses. 

Learning objectives and competencies developed 

By attending this webinar you will develop the following competencies:  

• Awareness of the processes involved in the acquisition and disposal of shares and businesses.  

• Be able to critically analyse the tax and accounting consequences of a sale of business. 

• Be able to analyse and understand the tax and accounting consequences of the sale of shares. 

• Have full understanding of the pros and cons of a business sale versus the sale of shares. 

• Be competent in giving advice to your clients regarding the disposal of shares and the sale of businesses.  

Content 

The webinar will cover the following topics:  

• What is being sold or bought? 

• Valuation concerns. 

• The importance of a well-written contract. 

• Accounting for a business combination. 

• Companies Act considerations. 

• Assurance considerations. 

• Tax consequences.  

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, SAIBA, SAICA and SAIPA. 

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

About the presenters 

Caryn Maitland CA(SA) 

Caryn Maitland is 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 Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She 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.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Carmen Westermeyer CA(SA) 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme.  

In December 2012 Carmen started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional accountants such as CA(SA), BAP(SA), AGA(SA), Professional Accountant (SA), FCCA, BA(SA) and ACCA. 

• Registered auditors.  

• Company secretaries.  

Price              

• Individual Booking: R500.00  

• Company Booking: 

  • R950.00 - Group Price 1 (Maximum of 5 attendees). 

  • R1 850.00 - Group Price 2 (Maximum of 10 attendees) 

  • R2 650.00 - Group Price 3 (Maximum of 15 attendees) 

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.