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2018 - Annual PAYE & VAT Update

Overview 2018 has seen important legislative changes that affect the work of every accounting/ bookkeeping practitioner. SARS is now very tough with defaulters and the CIPC is also following suit. It is vital that you keep up-to-date with all ta x law and administrative changes so as to avoid getting caught on the wrong side of the law where you may incur unnecessary penalties or even face imprisonment. This webinar specifically focuses on 2018 amendments to PAYE and VAT as published in administrative notices, compliance notices, court rulings and other notices from CIPC, SARS and the courts. Course content The following topics will be covered in detail during the event: The new VAT rate and inclusions to the zero-rated list. How to address VAT adjustments made for debit and credit notes. How to address VAT adjustments made for bad debts and face value. How to deal with a material error in an original tax invoice. SARS activation of understatement penalties for the failure to submit tax returns. Changes to the taxable fringe benefits regime. Changes to employer returns. Tax Administration Act changes to provisional tax and normal tax. Taxable benefits and non-executive directors. Claiming refunds on erroneous payment by a taxpayer. Deduction of interest repaid to SARS. Furnishing and obtainment of Employees’ Tax Certificates. Retirement annuity fund contributions to be allocated in relation to the taxable income from sources within and outside the RSA.

4 Hours | R399.00

2018 - Compliance and Legislation Update November

Overview 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 releva nt 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; PPT summary of all new amendments; Interactive session with the presenter; and Online Q&A.

2 Hours | R399.00

2018 - IFRS Update 2018

Overview The IASB in recent years have introduced significant changes that will materially affect measurement and disclosure in financial statements. These include IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, IFRS 16 Leases, IFRS 17 Insurance Contracts and the new Conceptual Framework. Some of these standards are already effective for reporting periods starting on or after 1 January 2018. Join Milan van Wyk CA(SA) and IFRS specialist as he unpacks the new standards for financial directors and their accounting departments. Learning objectives By the end of the webinar the participant should: Be aware of all recent significant changes made to IFRS by the IASB; Understand how these changes affect financial statements; Understand IFRS 9 Financial Instruments (excluding de-recognition and hedging); Understand IFRS 15 Revenue from Contracts with Customers; and Get an overview of IFRS 16, IFRS 17 and the Conceptual Framework. Course content The following topics will be covered in detail during the event: Update to all recent IFRS changes. IFRS 15: The reasons behind the changes. What are the changes? IASB and FASB feedback. IFRS 15: The 5 step approach to achieve clarity. Step 1 – Identify the contract with the customer: Importance of the contract. Criteria for a valid contract for revenue recognition. Treatment of money received in advance. Combination of contracts. Contract modifications. Step 2 – Identify performance obligations in the contract: The starting point – promises in the contract. Distinct goods and services in the contract. Illustrative examples of determining whether goods and services are distinct. Step 3 – Determine the Transaction Price: What is the transaction price? Is it different from current standards? How to account for variable consideration. How to identify a financing component in the transaction price. Step 4 – Allocation of the transaction price to the performance obligations : Understanding the basis of the allocation. Step 5 – When & how should revenue be recognised? Understanding the notion of control. Testing whether goods and services should be recognized over a period of time. How to measure progress over a period of time. Indicators of control being transferred at a point in time. IFRS 15: How to treat contract costs? Understanding what IFRS considers to be contract costs and why its treated as an asset. How to deal with incremental costs, the costs to fulfill the contract, and amortisation of the contract costs. IFRS 15: Disclosure of Revenue. The importance of relevance and materiality. Presentation. Disclosure: Disaggregation of the contracts. Significant judgements. IFRS 9: Financial Instruments. Recognition. Classification of assets and liabilities. Measurement. Derivative accounting. Overview of IFRS 16 Leases, IFRS 17 Insurance Contracts and the Conceptual Framework.

4 Hours | R399.00

Compliance and Legislation Update October 2018

Overview This October 2018 Monthly Compliance and Legislation Update is focused on the following important changes affecting professionals since September 2018. The course content will cover the latest changes and amendments over the last 30 days with regards to the topics below. In-depth detail of the content will be available two weeks before the webinar. Course Content IFRS IRBA CIPC Labour Law Other Laws & Regulations affecting your client AND impact on NOCLAR SARS Regulator news

2 Hours | R399.00

2018 - How to assist clients to apply for business visas

Overview The Immigration Act 13 of 2015 specifies the requirements to obtain a Business Visa. These requirements are contained in Section 15 and Regulation 14 of the Act. Accountants play a crucial role in assisting both the Department of Home Affairs and investing foreigners to ensure a smooth Business Visa process. This is also a potential avenue for additional revenue as more and more foreigners need Business Visa's. Join Marisa Jacobs, Maya Nikolova and Christopher Renwick for an update on the Immigration Act and the various ways your firm can assist foreigners to set up businesses in South Africa. Learning objectives By the end of the webinar the participant should understand the following: The requirements of the Immigration Act. The role of qualifying accountants with Business Visas. Partnering with Visa Consultants. Course content The following topics will be covered in detail during the event: Section 15 and Regulation 14 of the Immigration Act. How to perform an engagement to issue a certificate for Business Visa applications. Engagement letters. Engagement procedures. ISRS 4400 and the objective of an Agreed-Upon Procedures Engagement. Code of conduct and quality control. How to partner with Visa Consultants and where to find foreign clients. Other services to provide to foreign investors.

2 Hours | R399.00

2018 - How to start a Trust and Estate Practice

Overview Setting up Trusts and overseeing the administration of deceased Estates are essential services accountants should provide to their clients. The purpose of this event is to demonstrate how accountants should plan, create, manage, and o versee Trusts and Estates for their clients, and charge a fee for this service. Using Trusts protects your client's assets from claims from creditors, and is essential for business, financial and estate planning. It also binds your clients and their families and safeguards their assets to create a loyal client base. Clients that want Trusts are wealthier and are therefore able to pay higher fees. Attending this event will enable you to diversify your income whilst helping clients save their businesses. Learning objectives By the end of the webinar the participant should understand the following: Latest critical legislative, case law, and Trust developments to best advise clients. How to create a Trust and which clients are best suited for Trusts. The tax implications of using a Trust. Identify the key legislation relevant to the deceased estate administration process. Identify the role-players in the administration of deceased estates and describe their respective functions. Explain the deceased estate administration process. Discuss the role of the accountant in the estate administration process. Course content The webinar will cover the following topics: How to create a Trust and Estate practice within your accounting firm. Which clients need Trusts and which don't. The 10 common errors and pitfalls in Trust Deeds and how to correct this. How to create, administer, amend, and terminate Trusts in a valid way. The role of the Trust founder and beneficiaries. Income distribution: How to do it right and avoid creditor claims. The deceased estate administration process. How to get appointed as the curator and what your role and responsibilities are. How to perform an estate planning process with a client and the various insurance options. Trustee’s and administrator's personal liability. Special Trusts and PBOs. Update on the Davies Committee recommendations. Opportunities and threats to Trusts in the future. How to get PI for your Trust and Estate practice. The provisions of Section 7C of the Income Tax Act. Taxation of resident and non-resident trust beneficiaries. Taxation of income in deceased person's Trust and Estate duty. Changes to the ITR12T trust return.

4 Hours | R399.00

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