"For any taxpayer or a professional assisting them with their taxes, it is crucial to be aware of the impact of principles that are most commonly used and most often confused. The risk of missing a spot is potentially missing out on tax benefits or underpaying on taxes, both of which is an undesirable position to be in.
Join us for a session with a practical approach on these tax principles to guide you past these pitfalls."
"• Individuals:
o Understanding when to file a return (required to file, filing season and deadlines)
o The responsibilities of an individual as an employee vs their employer
o Specific items to look out for:
Full disclosure of income
Married in community of property
Home office expenses
Deductions claimed from allowances and benefits
Primary residence exclusions
Change in tax residency, emigration and foreign income exemptions
Crypto assets
Medical credits
o Considerations for directors: provisional taxes and VAT
o Common mistakes made during tax disputes with SARS
• Estates:
o FAQ’s on deceased estates
o Specific items to look out for:
The general abatement with pre-deceased spouses
Primary residence exclusions
Timing of disposal of assets
Losses incurred prior to passing vs incurred by the estate
o Other common issues in the administration of deceased estates
• Trusts:
o Donations made to and through a trust, deemed income and what to look out for with loans with trusts
o Overview: when the trust or beneficiary will be taxed
o What to look out for with foreign trusts
• This course will not cover all of the above in complete detail, but focuses on selected elements."
All individual taxpayers, trustees (or those in charge of administrating trusts and estates), tax practitioners, business owners, advisors and other professionals might benefit from this course.
