Personal And Company Income Tax For Beginners

Insight on Tax framework and basics of tax optimization

What you'll learn

Latest budget highlights

The Tax Framework

Exempt Income

Tax Free Investment

Dividends Tax

Rebates

Tax Thresholds

Tax treatment of the varying classes of taxpayers

Provisional Tax – the basics

Taxable Income and Accounting Income

Small Business Corporations (SBC)

Micro Business – Turnover Tax

South African Taxes

Requirements

No prior experience needed

Very little understanding/knowledge of how VAT works

Description

****Please note that this course is based on South African Tax****Tax is an integrated discipline, and in a business, it is essential to understand the rules around tax implications leading to taxable income, to ensure that tax optimization is embedded within the company / close corporation / trust. The webinar will provide both awareness and some specific tools to the taxpayer, both small and medium business owners, to enable the taxpayer to claim all legitimate deductions from their income, in order to arrive at taxable income.Completion of the self-study online course will enable the taxpayer to confidently claim business expenses incurred in the production of income, and to ensure that the business is efficient in determining its taxable income.This course is designed for individuals, financial staff, business owners, students or any person wanting to educate themselves on personal and company income tax and, have no or very little understanding/knowledge of how it really works. This session provides much needed insight on the Tax framework as well as the basics of tax optimization.Topics Discussed:Latest Budget HighlightsThe Tax Framework (corporate taxpayers & individual taxpayers)Exempt IncomeTax Free InvestmentDividends Tax (S64 of the Income Tax Act)RebatesTax ThresholdsTax treatment of the varying classes of taxpayers:Sole Proprietors and PartnershipsClose Corporations and PTY LTD CompaniesTrustsMicro Business – Turnover TaxSmall Business Corporations (SBC)Independent ContractorsPersonal Service ProvidersRevenue DeductionsCapital AllowancesSchedule of W&T AllowancesTaxable Income and Accounting IncomeWorking from HomeCapital Gains Tax (CGT) – the basicsProvisional Tax – the basicsAll Included:Video presented courseDownloadable course materialCertificate of trainingSAIT Accredited - 4 verifiable CPD points––––––––––––––––––––––––––––––––––––––-About the presenter:Ruzel van JaarsveldShe has over 23 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.She is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Personal and Company Income Tax for Beginners

Lecture 2 Course Material

Lecture 3 Personal and Company Income Tax - Part 1

Lecture 4 Personal and Company Income Tax - Part 2

Lecture 5 Ending

Individuals, financial staff,Business owners,Students,Anyone wanting to learn