Catch Up CPD: Accounting and Tax 2021

2. Financial Statements – The Impact of COVID-19

Presented by Caryn Maitland CA(SA) | 4 units | What you will learn:

• Be aware of the areas of the financial statements that will be affected by the pandemic, taking into account financial reporting issues and Companies Act considerations;
• Be aware of important considerations and disclosure related to going concern and subsequent events;
• Be able to assess the indicators of impairment relating to goodwill, tangible assets and financial assets; and
• Be able to see how the pandemic has affected fair values and market values.

3. Reporting Engagements 2021

Presented by Jako Liebenberg CA(SA) | 5 Units | What you will learn:

• Understand the differences between the three types of reporting engagements;
• Understand the specific engagement standards that guide them;
• Understand common law, contract law and statutory law obligations when performing a reporting  engagement;
• Understand independence and other ethical considerations in relation to reporting engagements; and
• Be able to accept, perform and complete the different type of engagements.

4. Annual IFRS for SME Update 2021

Presented by Caryn Maitland CA(SA) | 5 units | What you will learn:

• Be aware of all relevant amendments to IFRS for SMEs.
• Reference IFRS for SME in client consultations.
• Be aware of the Comprehensive Review Project.
• Understand how these changes affect accountants and their clients.
• Understand how to practically apply the changes.
• Understand the impact of the pandemic on financial reporting.

5. Drafting Wills

Presented by Jako Liebenberg CA(SA) | 2 Units | What you will learn:

• Understand legislation governing wills and deceased estates;
• Understand the importance of having a will that is legally enforceable.
• Understand the basic structure of a will;
• Understand the basic requirements for drafting a will;
• Be able to draft a legally enforceable will; and
• How to use the service of drafting a will as additional revenue source.

6. Overview and Recent Amendments to Companies Act (including CIPC powers)

Presented by Edith Wilkins | 5 Units | What you will learn:

• Understand a broad overview of the Companies Act;
• Understand the main purpose of the Act;
• Understand specific parts of the Act that directly affect the accountant’s work;
• Understand different stakeholders’ roles, responsibilities and liabilities; and
• Know how the CIPC enforces the Act and monitors compliance with financial reporting standards.

7. Business Rescue Engagements 2021

Presented by Caryn Maitland CA(SA) | 4 units | What you will learn:

• Understand business rescue in its full context;
• Understand financial distress vs going concern;
• Understand business rescue proceedings;
• Understand the roles, rights and responsibilities of stakeholders; and 
• Know how to become a licenced business rescue practitioner.  

8. Management Accounts 2021

Presented by Caryn Maitland CA(SA) | 3 units | What you will learn:

• Know the importance of understanding the business and identifying key elements that need to be tracked and reported on.
• Understand minimum requirements needed in the reports for directors to meet their fiduciary duty.
• Know the importance of conveying information in an easily digestible manner.
• Be able to identify additional services and revenue streams for the accountant’s practice.
• Be able to effectively assist clients in their decision making process.

9. Budget and Tax Update 2021

Presented by Prof. Jackie Arendse | 4 Units | What you will learn:

• Be informed about the important tax proposals  and amendments contained in the 2021 Budget Speech.
• Train your staff regarding the latest amendments.
• Inform your clients about relevant developments in taxation.

10. Best Practice: SARS Income Tax Audit 2021

Presented by Johan Heydenrych CA(SA) | 5 Units | What you will learn:

• Better prepared for SARS audits and investigations
• Well versed in cases dealing with prepayments, stock valuations and section 24C
• Understand how a precautionary and anticipatory approach to ITR14 preparation can avoid costly disputes with SARS

11. Best Practice: SARS Vat and Payroll Audit 2021

Presented by Johan Heydenrych CA(SA) | 5 Units | What you will learn:

• Familiar with salary sacrifice principles and cost to company principles.
• Better equipped when it comes to setting of travel allowances, including the reimbursement of fuel, maintenance, e-Toll, and business-related km.
• Able to understand bursaries and study loans.
• Able to understand relocation allowances.
• Familiar with section 8C gains and losses.
• Familiar with section 7C variable remuneration.
• Better equipped when it comes to home study costs, wi-fi, cell phones and computers.
• Familiar with gifts, awards, and incentive trips.
• Able to complete IT 14SD reconciliations.

12. Current Tax Issues for Individual Taxpayers

Presented by Corlia Faurie CA(SA) | 4 Units | What you will learn:

• Get a summary of what was disclosed in the country’s annual budget speech;
• Understand how the individual taxpayer is affected;
• Know the new income tax bands and how to calculate the tax; 
• Understand common practical issues affecting individual taxpayers; and
• Be aware of other recent legislative changes affecting income tax.

13. Ethics for Tax Practitioners

Presented by Caryn Maitland CA(SA) | 5 Units | What you will learn:

• Understand general ethics considerations.
• Be able to reflect on ethical challenges and responses.
• Be able to apply ethical decisions in difficult situations.
• Understand the various rules of professional conduct that applies to you.
• Have a clear understanding of NOCLAR and the general application thereof.
• Have insight into international norms and legislative prescription critical to all accounting professionals.
• Be able to refer to the relevant guidance and source material to navigate engagements with clients.

14. Farming Tax

Presented by Carmen Westermeyer | 2 Units | What you will learn:

• Know how to calculate farming income.
• Know how to apply the relevant ringfencing provisions.
• Know how to calculate and apply the relevant farming deductions.