Session 6: Tax Fundamentals II Info – In-Person

R1499,00

Session 6 is Tax Fundamentals II! We’ll tackle common business taxes like VAT, PAYE, UIF, and SDL, breaking them down into clear and understandable concepts. Get ready to boost your business savvy and have some fun learning along the way to financial freedom!

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  1. Understand the principles of Value-Added Tax (VAT), including its scope, registration requirements, and calculation methods.
  2. Recognise the distinction between zero-rated, exempt, and standard-rated supplies under the VAT system.
  3. Learn how to calculate Output VAT (sales VAT) and Input VAT (purchases VAT) and understand their implications for business finances.
  4. Gain proficiency in invoicing requirements, record-keeping practices, and VAT return filing procedures to ensure compliance with VAT regulations.
  5. Comprehend the role of Pay-As-You-Earn (PAYE) as a mechanism for collecting income tax, including registration obligations and calculation methods.
  6. Explore the legislative framework and registration requirements of the Unemployment Insurance Fund (UIF) to fulfil legal obligations as an employer.
  7. Understand the purpose and registration requirements of the Skills Development Levy (SDL) and its significance in fostering employee development.
  8. Apply the knowledge gained to optimise tax obligations, enhance financial management practices, and promote sustainable growth in business operations.
  9. Appreciate the importance of taxation in business management and regulatory compliance, aiming for financial resilience and prosperity.

Description

Feeling lost in the world of business taxes? Don’t worry! Session 6 – Tax Fundamentals II is your map to success! We’ll break down common taxes like VAT, PAYE, UIF, and SDL into clear steps, making them easy to understand and handle. No more tax confusion! By the end of this session, you’ll be equipped with the knowledge you need to handle these essential taxes effectively. This will save you time and frustration and ensure your business is on solid financial ground. Get ready to boost your financial know-how and take your business to the next level! Let’s turn tax filing from a chore into a chance to empower your business success!

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