Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients. Technical expert Lettie Janse van Vuuren CA(SA), RA researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.
Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.
Technical expert Lettie Janse van Vuuren CA(SA), RA researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.
The webinar includes:
A reference guide of all changes to share within the firm;
Slide presentation summary of all new amendments;
Interactive session with the presenter; and
Online Q&A.
Learning objectives
After attending this webinar you will:
Be aware of the latest legislative changes and what it means for your business, practice, and your clients;
Be able to inform your staff and clients on how to stay compliant;
Adapt business models to fit new legislative landscapes;
Receive references to documents and guides;
Have access to your own technical resource; and
Have access to the presenter via email for follow-up Q & A.
Content
These are examples of the topics covered that will include legislative, regulatory, industry standards, items and guides that have been issued and/or updated during the preceding month and will be covered in the webinar:
SARS:
Guides (new, updated & issued):
VAT Rulings Process Reference Guide (Issue 2)
VAT Reference Guide for Foreign Donor Funded Projects
Comprehensive Guide to Capital Gains Tax (Issue 8)
Interpretation Notes (updated & issued):
Draft Interpretation Note – VAT consequences of points-based loyalty programmes
Binding Rulings (Private/Class/General) issued:
BPR 341 – Distribution of a bank account as dividend in specie
BPR 342 – Donation by a resident to a foreign trust of property received from another foreign trust
Notices and other publications issued:
SARS issues Explanatory Notes on Further COVID19 Tax measures
SARS Q&As for Employers on COVID19 Tax Relief
Updated Table of interest rates: Table 3 – Rates at which interest-free or low interest loans are subject to income tax (reduced on 30 April 2020)
Employer Annual Reconciliations - Remember the deadline of 31 May 2020
Tax Court cases:
None
High Court cases:
None
Constitutional Court cases:
None
Supreme Court of Appeal cases:
Telkom SA SOC Limited v CSARS (Losses or gains caused by foreign exchange fluctuations)
Diageo South Africa (Pty) Ltd v CSARS (single supply of advertising and promotional goods and services to non-resident entities and the applicability of deeming provision applied to goods portion of the supply)
CSARS v United Manganese of Kalahari (Pty) Ltd (royalty calculation based on gross sales determined in terms of section 6(2)(b))
IFRS:
Standards – What’s new?
IFRS Monthly news summary
Accounting issues
ASB Guide: Accounting for COVID-19
Application of IFRS Standards in light of the Coronavirus disease (COVID-19) Uncertainty: Going concern
With reference to all 12 sets of SAICA Educational Material re COVID-19 Financial Reporting
IRBA:
Guidance:
Guide for Registered Auditors – Engagements on LP Trust Accounts (Revised March 2020)
IRBA shares guidance with auditors on the implications of COVID-19 on audits and auditors
The impact of COVID-19 on Auditor Reporting: Going Concern
The impact of COVID-19 on File Assembly (Archiving)
Innovation Hub launched to promote responsible innovation in the South African financial sector
Media statement on the release of the Intergovernmental Fintech Working Group’s (IFWG) Position Paper on Crypto Assets
LPC:
Extension of submission date for trust account auditors’ reports
LPFF:
List of banks that have entered into a banking arrangement with the Fund
List of recoverable and non-recoverable bank charges
(Issued in 2009)
FASSET:
Mandatory Grant submission deadline has been extended to 31 May 2020
CGSO & National Consumer Commission:
CGSO Quarterly Newsletter (January to March 2020)
SARS media releases:
How to contact SARS with debt queries
SARS opens a COVID-19 Media page
FSCA publications & press releases:
FSCA takes several enforcement actions against Leon Goosen Verskeringsmakelaars CC, including license withdrawal and an administrative penalty of R1,2 million
4 Warnings issued to the public against fraudulent FSPs
General Announcements / News Releases:
Media articles:
How Accountants can help to reshape the world because of COVID-19
Mental health for CAs in challenging times
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.
All webinar attendees are issued with a CPD certificate available in an online profile.
Choose Individual if you would like to attend this event yourself or choose Company if you would like to broadcast this event to your entire firm.
This webinar is free if you are already an SAAA CPD subscriber.
Click here to find out about the Technical Resource Centre & CPD Subscription options.
Click here 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,
Detailed course material and reference documents.
You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.
Save this event to your Google or Outlook calendar.
Venues & Dates
The following venues and dates are available for this event.
