Travel and Tax Course

Price:
R650.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

With life starting to return to normal post pandemic, it is the perfect opportunity to discuss travel and accommodation and what it means for the taxpayer and the company.

During this session a variety of travel scenarios will be discussed for example how to go about claiming expenses associated with travel, what the deductions are, what are the allowance guidelines set out by SARS, the impact they have on your VAT and TAX, what the implications are for your PAYE and company tax as well as, how to determine if travel expenses can be allocated as a business expense or not.

Topics Discussed:

  • Travel Allowance – how it works
  • Travel Allowance – how to calculate a reasonable allowance
  • Subsistence Allowance
  • Travel Reimbursement
  • Private use of company owned vehicle – Tax and VAT implications
  • Use of your own vehicle
  • Away from your usual place of work for more than 24 hours
  • Flights, Accommodation and Car Rental
  • Determining the value of a vehicle
  • Book Value VS Open Market Value – know the difference

All Included:

  • Video presented course
  • Downloadable course material
  • Certificate of training
  • Optional assessment
  • SAIT Accredited - 4 verifiable CPD points