Accountants’ Discussion Forum: Employee Benefits – Retirement Funding and Benefits – June 2024

Available from

24 June, 2024

CPD

3

Course Category:

Financial Reporting

Level:

Moderate

This webinar will cover the various forms of employee benefits and their impact on tax and IFRS reporting. June 2024

 

Category: Financial Reporting

R 304 VAT Incl.

Product Information

What you will learn

By attending this discussion forum, you will be:

  • Comprehensive knowledge of the two-pot retirement system. 
  • Updated knowledge on fringe benefits and their tax consequences.
  • Insights into the latest developments on allowances and their tax implications.
  • Understanding of IFRS considerations related to employee expenses.

 

Description

Employee benefits, particularly retirement funding and benefits, are a crucial elements of a comprehensive compensation package. These benefits not only ensure financial security for employees post-retirement but also act as a powerful magnet for attracting and retaining top talent. As the economic landscape continues to evolve, staying abreast of the intricacies of retirement funding systems, such as the two-pot retirement system, and the latest updates on fringe benefits and allowances, is essential for both employers and employees.

 

Our Accountants’ Discussion Forum webinar for this month will provide an in-depth exploration of these critical areas, offering you the knowledge and tools to navigate the complexities and maximize the advantages of your retirement plans. We will thoroughly examine the tax implications of these benefits, helping you to fully understand and optimize your strategies.

 

Content:

The following topics are under discussion for this month:

  • Fringe benefits as defined in the Seventh Schedule of the Income Tax Act.
  • Allowances as defined in s8 of the Income Tax Act.
  • IAS 19  consequences of fringe benefits and allowances.
  • Income tax consequences for the employer.
  • VAT consequences for the employer.

 

Price

The following pricing apply:

Ad hoc: R304.00 for this webinar

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

 

Certificate

The following CPD is awarded 3 Units Financial Reporting

 

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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