Overview 

The non-profit sector is currently irritated and civil society organisations have called for the withdrawal of the draft Non-Profit Amendment Bill 2021, citing concerns about how the proposed changes will impact the operation of NPOs.

Non-profit organisations (NPOs) play an integral role in South African society, providing support, funding and expertise in areas ranging from social security to education, health to the environment.

Every single practitioner is involved in a non-profit entity to some extent or the other - whether this involvement comes through membership of a sporting club, charity, or religious organisation. These associations are often run on a volunteer basis, leaving the compliance to be an afterthought.

The August 2022 Accountants Tech Talk session facilitated by Caryn Maitland CA(SA) takes a deep dive into accounting and tax aspects of NPOs and the practical difficulties that need to be considered. Carmen Westermeyer CA(SA) will join Caryn as a co-presenter on this webinar scheduled for 16 August 2022 from 9:00 a.m. to 12:00 p.m.

Learning objectives and competencies developed

By attending this webinar, you will develop the following competencies:

• Decode the common acronyms
• Distinguish between the different types of income tax exemptions that are available.
• Establish how fund accounting differs from IFRS?
• Review how to account for government and other grants in both IFRS and IFRS for SME’s.
• Analyse the income tax consequences of receiving a grant?
• Investigate the practical difficulties that need to be considered.
• Discuss VAT.

Content

The webinar will cover the following topics:

• Statutory framework with respect to NPOs
• Companies Act considerations with respect to Non Profit Companies
• Non Profit Organization Act
• Accounting for grants and other fund income
• Assurance considerations
• Income Tax consequences
• VAT 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.