Accountants' Discussion Forum: Employee benefits - retirement funding and benefits
CPD Hours: 2
Price: R450.00
Accountants' Discussion Forum: Employee benefits - retirement funding and benefits
Presenters : Carmen Westermeyer CA(SA) , Caryn Maitland CA(SA)
Overview
Employee benefits, particularly retirement funding and benefits, are crucial elements of a comprehensive compensation package. These benefits not only provide financial security for employees post-retirement but also serve as a key factor in attracting and retaining top talent. In today's evolving economic landscape, understanding the intricacies of retirement funding systems, such as the Two Pot retirement system, and staying informed about the latest updates on fringe benefits and allowances are essential for both employers and employees. This webinar will delve into the tax consequences of these benefits, providing a thorough analysis to help you navigate the complexities and maximise the advantages of your retirement plans.
Join renowned experts Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) as they share their invaluable insights and expertise on these critical topics. Their comprehensive session will cover the latest IFRS considerations for employee expenses and offer practical advice to ensure compliance and optimise benefit strategies.
Learning objectives and competencies developed
Through real-world case studies, practical examples, and an in-depth analysis of the latest regulatory developments, this webinar will equip you with:
-
Learn about the Two Pot retirement system through a comprehensive overview.
-
Acquire updated knowledge on fringe benefits and their tax consequences.
-
Gain insights into the latest developments on allowances and their tax implications.
-
Understand IFRS considerations related to employee expenses.
Content to be discussed
The following topics are under discussion for this month:
-
Fringe benefits as defined in the Seventh Schedule of the Income Tax Act.
-
Allowances as defined in s 8 of the Income Tax Act.
-
IAS 19 consequences of fringe benefits and allowances
-
Income tax consequences for the employer
-
VAT consequences for the employer
