Mastering Basic Compliance as a Director, Taxpayer, Trader and Employer

Overview
Mastering Basic Compliance covers the key roles you play as a Director, Employer, Taxpayer and Trader and obligations you have to undertake to ensure you compliant with the key structures and entities. You will learn the various approach on how to appoint and asses a Director, also the correct way to removing them from the company. How to evaluate and allocate the suitable remuneration according to the Directors roles. You will also be empowered with information on what your obligations are as a Taxpayer and how to comply with Income Tax and Value Added Tax (VAT).

Learn and understand your role as an employer in terms of the Income Tax and several employment laws. Get tools on how to apply the CPA, NCA, PAIA, BEE and much more to your trading practice as a Trader. 

These are our problems
Have you signed the CIPC documents as director without an understanding the:

• Duties/roles
• Rights and
• Report
• Don’t know that there are people who can’t be directors.

• Don’t know how to assess, reward and remove directors.
• Not clear about the difference between audit and independent review options.
• Don’t understand public interest score.
• Don’t know different types of income tax regimes and how they apply to your business.
• Don’t know duties of VAT vendor and taxpayer.
• Don’t understand the difference between income tax and value added tax.
• Don’t understand ways to reduce or maximize tax deductions including VAT paying less on.
• Employed staff without knowing what department of labour requires from you as employer
• Signed documents to register as employer but don’t how employees tax (pays you earn skills) as per SARS requirements.
• Outsourced tax administration development levy, unemployment insurance fund but didn’t know what need to be done (fatal error). 

Who should attend:

• Directors
• Employers
• Taxpayers
• Managers

Tools and Templates

• Tax Invoice template
• Turnover Tax form (TT01)
• Application for registration as Taxpayer (IT77C)
• Information to complete this Income Tax Return (ITR14) – Income Tax Returns for Companiess
• BEE Simplified template by Advocate Jane Appasamy and Colette Crichton
• Labour Relations Act guide 
• Basic Conditions of Employment manual and contract checklist
• Department of Labour guide with forms and claims for UIF 
• Department of Labour codes of good practice and guides 
• Monthly Employer Declaration form  (EMP201)
• Employer Reconciliation Declaration form (EMP501)
• Employee Income Tax Certificate (IRP5&IT3A)
• General Compliance Checklist
• Promotion of Access to Information Act (PAIA) guide 
• POPI approach by KPMG