Small business development is at the heart of the National development Plan, yet there is very limited focus on the taxation of small business. The Davis Tax Committee released their Second and Final Report on Tax Considerations of SMMEs in 2016, with some concerning recommendations. Some of these have been adopted into the tax legislation and further changes are under consideration. This webinar will unpack and explain the latest developments in the taxation of SMMEs. The webinar will focus on practical explanations, evaluating the impact of tax changes on SMMEs and discussing planning opportunities. The webinar will also consider other risk areas that must be considered by SMMEs so that proper planning and management can be done.
Participants will understand the impact of recent tax amendments so that they manage the risks associated with the taxation of SMMEs and plan/advise accordingly.
• Brief background on specific provisions in the taxation of SMMES.
• Outline of the recent and planned tax changes, including the following:
o Turnover Tax
o Small Business Corporations
o VAT registrations
o Small Business Funding Entities
o Venture Capital Companies
o Employment Tax Incentives
o CGT issues
o Tax Administration
Tax advisors, taxpayers, accountants, trustees, business owners and managers, bookkeepers and anyone else who deals with SMMEs
