Course Catalogue
Browse and access CPD-accredited courses to maintain your designation.
98 coursesShowing 98 of 403
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SARS Tax Practitioner Readiness Programme
Understand SARS Objectives Understand legislation regarding the tax administration act Have insight into regulatory codes for tax practitioners Know the correct SARS channels to follow Understand E-filing and the E@syFile app
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Tax Happy Hour 10: VAT and Income Tax challenges facing the hospitality industry
Complex Tax Regulations: The hospitality sector operates in a highly regulated environment, where tax rules can be intricate and often subject to change. Accountants must stay updated on the latest VAT rates, exemptions, and thresholds that apply to different services within the industry, such as room rentals, food and beverage sales, and event hosting. Misinterpretation or non-compliance with VAT rules can result in significant penalties. VAT Calculation and Reporting: VAT is one of the most common taxes in the hospitality industry, and its application can vary depending on the type of service provided. Accountants need to ensure that VAT is accurately calculated, reported, and paid on time, especially when dealing with different rates (e.g., standard, reduced, or exempt rates) across various goods and services offered by hotels, restaurants, and other hospitality businesses. Income Tax Implications: Hospitality businesses often face challenges with income tax due to fluctuating revenues (seasonality, peak periods), different forms of income (e.g., accommodation, catering, event services), and varying deductions available (such as depreciation, employee costs, and operating expenses). Accountants must ensure that businesses comply with income tax regulations, optimizing tax positions while avoiding underreporting or overreporting of income. PAYE Compliance: The hospitality sector employs a large workforce, many of whom are paid on a regular basis or in seasonal or part-time roles. Accountants must manage PAYE systems to ensure proper income tax withholding, National Insurance contributions, and pension deductions for employees. Cash Flow and Record-Keeping: Hospitality businesses often deal with high volumes of cash transactions, which makes accurate record-keeping and reconciliation crucial. Sector-Specific Deductions and Allowances: Certain tax deductions or allowances may be unique to the hospitality industry, such as reliefs on business rates for small hotels or tax benefits related to the provision of employee accommodation. Advisory Role: Beyond compliance, accountants in the hospitality industry often provide advisory services, helping businesses optimize tax strategies, reduce liabilities, and navigate the challenges posed by changing tax policies, economic conditions, or shifts in customer behavior.
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Tax Happy Hour 7: Pitfalls and opportunities applicable to the transport industry
VAT: Zero rating and standard rating. Income Tax: Capital allowances, accrual of revenue. Agent and principal
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Tax Happy Hour 8: VAT and Income Tax challenges facing the importer and exporter of goods
VAT on importation Agent and principal Trading Stock and revenue recognition for Income Tax
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Tax Happy Hour 9: VAT and Income Tax challenges facing the telecommunication industry
Zero and standard rate of VAT. Section 23H costs and the Telkom case. Accrual of revenue. Capital allowances on telecommunication equipment.
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Licensed Tax Practitioner: Advisor (Transferred)
Be able to apply with SARS as a tax practitioner. Understanding of members responsibilities when performing tax services. Understand CIBA's Statement of Standards on Tax and promote their uniform application within a tax firm. Foster increased public compliance with and confidence in our tax system through awareness of good standards of tax practice. Enhance the business accountant professional designations. Use the license as proof of competency to provide tax services.
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Tax Happy Hour 1: Income tax treatment of activities conducted by service providers
Effect that the Consumer Protection Act will have on service providers Prepayments and section 24C Gift Cards Franchise fees Tax treatment of “Work in Progress” for the service provider Tax treatment of payments to sub-contractors Prepayments and section 23H Tax effect of agency agreements – VAT and Income Tax
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Tax Happy Hour 2: Accounting and tax treatment of long-term construction contracts
Treatment of costs incurred to date, revenue received to date and accounting recognition of profits/losses. Gross Income definition and progress payments, deposits and retentions. Sections 22(2A) and 22(3A). Section 24C allowances. Deferred tax. VAT pitfalls and opportunities.
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Tax Happy Hour 3: Tax opportunities and pitfalls in the education sector
PBO legislation and education sector Tax treatment of income received in advance with specific reference to the Consumer Protection Act and section 24C Exempt supplies vs taxable supplies Challenges on apportionment and direct attribution. Change in use adjustments Appointment of part time lecturers – appropriate tax rates Independent contractors and Personal Service Providers
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Tax Happy Hour 4: Finance and Business Services - Asset Finance
Term loans Operating leases Finance leases Instalment sale agreement Sale and Leaseback arrangements
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Tax Happy Hour 5: Income Tax and VAT Legislation provides beneficial treatment to the bona fide farmer
Income Tax and Capital Gains Tax Ringfencing rules on livestock Special rules regarding trading stock and growing crops Capital expenditures – farming vs non-farming Sale of farms and residential accommodation Research and Development VAT Zero rating of certain goods – purchases and sales Denial of expenditures relating to housing Zero Rating of sales in terms of Land Deals VAT treatment of Hunting and accommodation income. PAYE Empowerment transactions for employees Fringe benefit tax including but not limited to housing, transport, bursaries.
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Tax Happy Hour 6: Income Tax Act contains various rules applicable to the manufacturer
Accelerated allowances on capital expenditures. Special rules affecting trading stock and spare parts. Rules governing Government Grants. Research and development. Foreign exchange and capital expenditures. Supplier Tooling. The global manufacturer and transfer pricing.