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 webinar 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:



2021 Budget Highlights (2022 Tax Year)
The Tax Framework (corporate taxpayers & individual taxpayers)
Exempt Income
Tax Free Investment
Dividends Tax (S64 of the Income Tax Act)
Rebates
Tax Thresholds
Tax treatment of the varying classes of taxpayers:
Sole Proprietors and Partnerships
Close Corporations and PTY LTD Companies
Trusts
Micro Business – Turnover Tax
Small Business Corporations (SBC)
Independent Contractors
Personal Service Providers
Revenue Deductions
Capital Allowances
Schedule of W&T Allowances

Taxable Income and Accounting Income
Working from Home
Capital Gains Tax (CGT) – the basics
Provisional Tax – the basics


ALL INCLUDED



Electronic course notes
Recording of session
Certificate of Completion
CPD Points