Turnover Tax Course

As a tax professional, learners are immediately confronted with large volumes of detailed tax theory, and struggle to understand how the theory fits into the end goal of preparing tax computations.

This session has been designed to develop a foundation of simple application upon which the complexities of taxation can be built at a later stage. The approach to this webinar is practical rather than theoretical.

Topics Discussed:

• The income tax act

• The Sixth Schedule

  • Qualifying turnover

  • Qualifying turnover limit

  • Taxable turnover

  • Inclusions in taxable turnover

  • Exclusions from taxable turnover

  • Investment income

  • Persons that do not qualify as micro businesses

  • Permitted shareholdings and interests

  • Professional Services

  • Registration as a micro business

  • Deregistration as a micro business

  • Tax payments – micro business

  • Connection persons – micro business

• Exempt income – micro business

• Dividends tax – micro business

• Capital gains tax – micro business

• VAT – micro business

All Included:

• Recording of the session

• Q&A with the presenter

• Downloadable course material

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About the Presenter:

Ruzel van Jaarsveld

Ruzel has over 26 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.

Ruzel is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.