Conversations with Caryn & Carmen

Caryn Maitland & Carmen Westermeyer of Maitland & Associates

14 x 2 hour online, interactive and engaging sessions

Thursdays 14:00 - 16:00

R299 per online session

or R3,499 for the series (all 14 x 2 hour sessions)

You are welcome to tune-in to the first session at no cost - and then decide if you would like to stay on and continue with the series

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CCC Session 1/14

Thursday, 24 January 2019 14:00 – 16:00

Provisional Tax (Carmen Westermeyer)

Provisional taxes are always a source of stress for all of us. Make the Feb 2019 filing season go smoothly by attending this webinar on provisional taxes.

After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:

- Administration around provisional tax First, second and third provisional tax

- Assessments for individual taxpayers in 2019 First, second and third provisional tax

- Assessments for companies in 2019

- Penalties and interest

- Tips and tricks of the trade.

Genre: Tax 2 hours


CCC Session 2/14

Thursday, 7 February 2019 14:00 – 16:00

Companies Act Amendment Bill (Caryn Maitland)

The Minister of Trade and Industry published a draft amendment Bill to the Companies Act, No 71 of 2008 (Companies Act) for public comment. Significant amendments are proposed that will affect how you engage with clients and the CIPC.

This session will look at the amendments as well as challenges that an accountant faces living in 2019.

Genres: Company Law 1 hour 45 minutes, Ethics 15 minutes


CCC Session 3/14

Thursday, 7 March 2019 14:00 – 16:00

2019 Budget and Tax Update Part 1 (Carmen Westermeyer)

We all know that tax changes on a regular basis. This two part series is aimed to take a look at the changes that have been promulgated and will be promulgated in future. This session will therefore cover the changes contained in:

  • The 2019 Budget Speech
  • The Taxation Laws Amendment Act of 2018
  • The Taxation Administration Laws Amendment Act of 2018

Genre: Tax 2 hours


CCC Session 4/14

Thursday, 14 March 2019 14:00 – 16:00

2019 Budget and Tax Update Part 2 (Carmen Westermeyer)

With IFRS 9 Impairment of asset high level discussion

Genres: Tax 1 hour 45 minutes, Accounting 15 minutes


CCC Session 5/14

Thursday, 11 April 2019 14:00 – 16:00

Financing your business - Debt

When considering how to finance your business, there are a number of items that must be considered. Chief amongst those has to be – debt or equity financing? The aim of these session is to take a holistic look at debt and equity so that you can help your clients (or yourself) make an informed decision. Issues to be covered would be:

Session 5

  • What defines equity, financial assets and financial liabilities?
  • How should they be accounted for? (Looking at IFRS 9 Financial Instruments vs IFRS for SME's)
  • Bad debt write offs, provision for doubtful debts and allowance for credit losses (Impairment under IFRS 9)
  • Intercompany loans
  • S45 of the Companies Act - Financial Assistance
  • What are some of the potential accounting complexities?
  • What are legal requirements for loans? (For example, National Credit Act, Usurary Act, etc)
  • How does the tax treatment change dependant on the nature of the financing?
  • What are some of the anti avoidance provisions that would apply?

Session 6 and 7 Shares - from the ordinary to the preferential

  • What makes shares so interesting in 2019?
  • Are you making the most of your Memorandum of Incorporation?
  • What are the legal requirements for shares? (Companies Act)
  • How does the tax treatment change dependent on the nature of the financing?
  • What are some of the anti avoidance provisions that would apply?

Tax implications of all of the above

Genres: Accounting 1 hour, Tax 1 hour


CCC Session 6/14

Thursday, 9 May 2019 14:00 – 16:00

Shares Part 1

Genres: Company Law 45 minutes, Tax 45 minutes, Accounting 30 minutes


CCC Session 7/14

Thursday, 30 May 2019 14:00 – 16:00

Shares Part 2

Genres: Accounting 45 minutes, Company Law 45 minutes, Tax 30 minutes


CCC Session 8/14

Thursday, 6 June 2019 14:00 – 16:00

Trusts Part 1

360 Degree Series – Latest developments on trusts (Part 1 and Part 2)

Trust have traditionally been used because they offer flexibility and minimal compliance requirements. The Master had minimal oversight of the operations of the Trust and trustees could pretty much dictate terms. This days are gone. The aim of this session is to provide you with an overview of the compliance requirements when dealing with trusts.

  • The Trust Property Control Act and latest case law updates
  • Masters Directives and their impact on trustees
  • Issues to consider when drafting Trust financial statements
  • Taxation of trusts and SARS requirements
  • Proposed changes for trusts for tax

Genres: Legislation 90 mins, Accounting 30 minutes


CCC Session 9/14

Thursday, 13 June 2019 14:00 – 16:00

Trusts Part 2

Genre: Tax 2 hours


CCC Session 10/14

Thursday, 22 August 2019 14:00 – 16:00

Things to consider when crossing borders - Individuals (Carmen Westermeyer)

The idea of having investments or transactions outside of the borders of South Africa has become an almost everyday occurrence in South Africa. Unfortunately, awareness of the potential tax pitfalls and consequences, along with other legal requirements has not kept pace. The aim of these sessions is to provide that insight. They have been broken into two sessions to account for the different perspectives and different issues that may arise.

This session is aimed at answering the questions most individuals have when they start working or investing abroad. As this is a two hour session, not all concepts can be covered in detail, but will provide a jumping off point for more detailed discussions.

  • What is tax residency and how is it different to citizenship or where I am currently physically located?
  • What are my reporting obligations to SARS?
  • What are my reporting obligations to SARB?
  • What are the tax consequences of the common forms of income:
  • Salaries
  • Interest
  • Dividends
  • Rental
  • What is a Double Taxation Agreement and how does it impact me?

Genres: Tax 1 hour 45 minutes, Legislation 15 minutes


CCC Session 11/14

Thursday, 12 September 2019 14:00 – 16:00

Things to consider when crossing borders - Corporates

The idea of having investments or transactions outside of the borders of South Africa has become an almost everyday occurrence in South Africa. Unfortunately, awareness of the potential tax pitfalls and consequences, along with other legal requirements has not kept pace. The aim of these sessions is to provide that insight. They have been broken into two sessions to account for the different perspectives and different issues that may arise.

This session is aimed at providing an overview of the questions most companies have when they start working or investing abroad. As this is a two hour session, not all concepts can be covered in detail, but will provide a jumping off point for more detailed discussions.

  • Place of effective management and permanent establishment – what are they and how do they trip you up?
  • What is a Double Taxation Agreement and how does it impact me?
  • SARB, investments and loop structures – beware!
  • What is an optimal corporate structure?
  • How do we account for these transactions?


Wealth Taxes

Much has been made of the Davis Tax Committee and their investigation into wealth taxes in South Africa. Do you know which wealth taxes we actually have? Do you know how they work? The aim of this session is to provide an overview of:

  • Estate Duty
  • Donations Tax

to explain how these work and what needs to be considered. This session will also contain a section on the current anti avoidance measures that SARS has put in place around these wealth taxes (for example: Section 7C and Trusts, changes to offshore definitions, CGT) and where tax planning may need to go in future. Join us for this session if you are interested in understanding where we are and where we’re headed with respect to wealth taxes.

Genres: Tax 75 minutes, Accounting 30 minutes, Legislation 15 minutes


CCC Session 12/14

Thursday, 19 September 2019 14:00 – 16:00

Revenue 360

The new IFRS 15 Contracts with Customers standard has turned the financial reporting world on its head when it comes to recording revenue in the financial statements. This has resulted in us needing to sit back and recognise that accounting, taxation and legislation may view the top line of the "income statement" very differently. So, what’s the difference between revenue, turnover, gross income, consideration and supply? Don’t get tripped up when trying to define these numbers! The aim of this session is to unpack the differences between IFRS, Income Tax and VAT when it comes to recognising monies earned by your company.

Practical application and seeing how standard is maturing

Agent vs principle

Genres: Accounting 90 minutes, Tax 30 minutes


CCC Session 13/14

Thursday, 17 October 2019 14:00 – 16:00

IFRS 16 Leases 2019 IFRS Update

Practical application and seeing how standard is maturing

360 Degree Series - Leases

Following on from our discussion on Revenue, IFRS 16 Leases comes into effect in 2019. As with revenue, this is a dramatic moment as it introduces a single model of accounting for lessee accounting, effectively doing away with operating and finance lease for lessees. As almost every entity rents assets, this will hit the financials with a bang. To compound the issue, the principles and definitions used for accounting, income tax and VAT are often very different. In consulting and preparing for this change, Carmen and I have come across many instances where the accounting and tax treatments for leases haven't always been interpreted correctly, making us feel that leasing is definitely a topic we need to unpack and dig into!

NB! Highly recommended that you have completed the Revenue session (CCC Session 12/14 or other) before attending this one.

Genres: Accounting 1 hour, Tax 1 hour

CCC Session 14/14

Thursday, 14 November 2019 14:00 – 16:00

Ethics 2019 (Caryn Maitland)

Content to be advised

Genre: Ethics 2 hours


Presenters

Caryn Maitland BCom(Honours Accounting) CA(SA)

Carmen Westermeyer CA(SA)

Details:

      • 2 hour online sessions
      • Thursdays @ 14:00
      • 14 sessions / conversations in total
      • R299 per session
      • OR R3,499 for the series