Cryptocurrencies Tax Consequences

Understanding the administrative criteria and tax risk relating to Cryptocurrency. June 2021

WHAT YOU WILL LEARN

By the end of this event the attendee should:  

    • Understand how cryptocurrencies are viewed from a tax perspective
    • Learn the difference between capital versus revenue
    • Understand the timing differences to recognise cryptocurrency transactions in the correct periods
    • Learn how to assess cryptocurrency transactions to address the tax consequences

DESCRIPTION

Cryptocurrencies such as bitcoin have been grabbing headline attention recently and accountants should know how to deal with cryptocurrency transactions and the tax implications thereof. The webinar provides detail insight into cryptocurrency transactions and equip you with the tools to assess the transactions to ensure you have dealt with the relevant tax consequences.

PRICE

The following pricing apply:

Ad hoc: R475 for this webinar
Subscription: N/A

Study unit 1

How are cryptocurrencies viewed from a tax perspective.

Study unit 2

What does capital versus revenue mean?

Study unit 3

When should tax consequences be recognised?

Study unit 4

Other cryptocurrency considerations.

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

Carmen Westermeyer BCom(Honours Accounting) [UND] 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.

Carmen stayed with PwC for a year as Assistant Manager, venturing into the world of commerce in 2006. In 2008, she was appointed as a lecturer at UKZN and coordinated the Taxation 300 course until December 2010. From 1 January 2010, Carmen took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme. During her time as Academic Leader she had numerous opportunities to liase with SAICA on issues relating to the ITC, as well as being a member of the Tax Committee.

In December 2012 she 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 SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016.

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.

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R 475 VAT Incl.

Additional Course Information

Category Tax
Accredited SAIBA
Verifiable CPD Hours 2
Non-verifiable CPD Hours N/A
Effort 2 hours
Duration 2 hours
Format Webinar
Level Moderate
Assessment Yes
Study Material No
Course Date 8 June, 2021
SKU CPD200302M Categories , ,

Who should attend?

Business Accountants in Practice (SA)
Business Accountants (SA)
Certified Business Accountants (SA)
Bookkeepers
Accounting and Auditing support staff
Accounting Officers

This event is included in the following subscription packages:

If you are not a subscriber, you need to purchase the event as a stand-alone event or subscribe to a SAIBA subscription package.

How to subscribe

Subscribers pay less for their CPD points.
SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice.

Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax.

CONTACT US

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