Accountants’ Discussion Forum: Share Capital and CTC – January 2024

What you will learn

By attending this discussion forum, you will be:

• Informed about the best solutions to resolve current accounting issues.
• Competent to resolve current issues experienced in your practice.
• Able to guide your staff to assist clients with their accounting issues.
• Informed about the available resources to resolve accounting issues.

Description

Contributed tax capital (CTC) is an important concept that must be considered when one deals with share capital and dividends. 

What is the difference between share capital, stated capital and contributed tax capital, and how is the CTC of a company determined? 

Our monthly discussion forum for January 2024 brings up an informative conversation that answers the above question including a basic understanding of how share buy backs work.

Content:

The following topics are under discussion for this month:

Introduction to share capital.

• Share capital vs stated capital vs contributed tax capital.
• Defining dividend under:
  • IFRS.
  • Income Tax Act.
  • Companies Act. 
• Important legal and administrative requirements.
• CTC in tax planning.
• Share buy backs.

Price

The following pricing apply:

Ad hoc: R304.00 for this webinar

Subscription: Included for free in Accountant in Practice, Accountant in Practice plus Tax, Bookkeeper and QuickUpdate packages.

Requirements

There are no preconditions for this course.

Moderate level.
Recorded webinar made available on a specified date

Presenter

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  

Carmen Westermeyer CA(SA) 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme. 

In December 2012 Carmen started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the FASSET Budget and Tax Update in 2015 and 2016.

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