Personal and Business Income Tax for bookkeepers
Presenters : Bekithemba Ndebele ACCA
Overview
Within South Africa's tax landscape, personal income tax and corporate income tax stand out as the primary revenue generators for the government, trailing closely behind VAT. It is crucial for anyone engaging in the intricacies of income tax to grasp the significance of these two tax categories.
Beyond a comprehension of tax laws, professionals operating in this domain must remain cognisant of the yearly modifications in tax rates and stay abreast of the ongoing updates disseminated by SARS. A comprehensive understanding of these taxes is pivotal for individuals navigating the complex cycles of income tax, ensuring compliance and accurate financial management.
Join Bekithemba Ndebele (ACCA) he updates you on all the latest information on income tax for individuals and corporates.
Learning objectives
By attending this webinar you will gain the following competencies:
-
The attendee will have a background of the income tax legislation.
-
Know how to determine if an individual is an employee, a small business or a personal service provider for tax purposes.
-
Know what tax returns are submitted for individuals and companies.
-
Attain knowledge on how to treat home office expenses for employees working from home.
-
Learn how to determine if a business qualifies for Small Business Tax (SBT).
Content
The webinar will cover the following topics:
-
The Income Tax Act 58 of 1962.
-
Employment Taxation (Pay As Your Earn).
-
Taxation of Independent contractors and Personal Service Providers.
-
Small Business Tax (SBT).
-
Home office expenses for employees working from home.
-
Submission of Income Tax returns.
-
The three-way reconciliation of corporate tax return, VAT return and PAYE return.
