Accountants’ Discussion Forum: New Companies Act Amendments and the Impact of Beneficial Ownership on Tax Returns – August 2024

What you will learn

By attending this discussion forum, you will be:

• Consider what the new amendments are to the Companies Act.
• Identify how they differ from the Companies Act before these amendments and the previous iterations of proposed amendments (2018, 2021 and 2023).
• Consider the practical implications of the newly signed Act.
• Understand the complexities of beneficial ownership as a new compliance area under the evolved Companies Act.
• Understand how the new IT3(t)’s and trust tax returns will look at beneficial ownership.

Description

President Ramaphosa recently enacted the First and Second Companies Amendment Bills on July 26, 2024. This essential webinar offers a detailed examination of these significant legislative developments and their far-reaching effects on businesses.

Beneficial Ownership ushers in a new world of compliance for companies and forms part of how the Companies Act has evolved over the last 18 months. In this session we will also consider the impact that this is having on the new income tax returns required by SARS.

Content:

The following topics are under discussion for this month:

• Companies Act Amendment Act, 2024.
• Companies Act No 71 2008.
• General Laws Amendment Act 2022.

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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