VAT for Bookkeepers 2023
Available from
17 May, 2023
CPD
3
Course Category:
Law
Level:
Moderate
To assist attendees with calculating VAT accurately and submitting returns on time. May 2023
R 450 VAT Incl.
Product Information
What you will learn
By attending this webinar you will gain the following competencies:
- Understanding of South African VAT legislation.
- Confidently identify and classify supplies.
- Correctly calculate VAT and complete VAT returns for timely submission.
- Have a strong appreciation of how VAT is administered by SARS.
- Understand the financial consequences of incorrect calculations and late submissions.
Description
Value Added Tax (VAT) is an important contributor to government’s tax revenue (25% contribution last year according to the SARS publication Tax Statistics 2022).
Full understanding by bookkeepers of what VAT is and how it is administered by SARS is vital as there are penalties and interest charges levied for late submissions and overdue payments. Besides the obvious timely submission of VAT returns, clients also need their bookkeepers/ accountants to assist with cash flow planning which is directly affected by VAT inflows and outflows.
Price
The following pricing apply:
Adhoc: R450.00
Subscription: Bookkeeper.
Content
The webinar will cover the following topics:
- What is VAT?
- Background to legislation:
- The Value Added Tax Act.
- The Tax Administration Act.
- Classification of supplies – taxable and non-taxable.
- Non-allowable expenses.
- The bases – invoice and payment.
- The VAT 201.
- Correction of errors.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Russel Ngobeni BAP
Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology.
In 2014 Russel founded Shinyawani Group of Companies (Pty) Ltd. In 2016, the Free State province recognised him as one of the best 12 Young Entrepreneurs in the province during the 2016 Macufe Trade Bridge. He also won first runner up for the 2016 Young Entrepreneur of the Year Award at the Free State Youth Chamber of Commerce and Industries Awards.
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