Conversations with Caryn & Carmen
Caryn Maitland & Carmen Westermeyer of Maitland & Associates
- 2022 edition -
14 x 2 hour online, interactive and engaging sessions
Thursdays 14:00 - 16:00
R440 per online conversation
or R4,950 for the series (all 14 x 2 hour sessions)
Pay-as-you-go participants: You are welcome to tune-in to the first few minutes of each conversation at no cost - and then decide if you would like to stay on and continue with the session / series (R440 per session).
CCC01-2022
27 January
Cryptocurrencies
Genres: Accounting 1 hour, Tax 1 hour
Cryptocurrencies are gaining popularity and becoming part of our everyday conversation. As accountants we need to gain an understanding of what cryptos are and everything we can think of that will affect this asset - is it capital, revenue? Is it a financial asset or inventory? What does the Reserve Bank have to say? And of course, what are the tax implications of this transaction? The ideas around BlockChain Technology and other concepts in this space are foreign to many, but we need to get familiar with them as they are definitely going to become more and more part of our normal business day.
CCC02-2022
24 February
Budget 2022
Genre: 100% Tax
Exciting times ahead! Our Finance Minister has already had the opportunity to give one Budget Speech, even if it was the “mini” version. Come attend this session to find out what changes are proposed in the South African tax landscape.
Please note: The date of the Budget Speech may change - in the event of a delay of the Budget Speech, this session will be swopped with one of the later sessions.
CCC03-2022
3 March
Tax Update
Genre: 100% Tax
As sure as the sun rises, tax laws change. This session will take you through the changes proposed in the 2021 Tax Amendment Acts. Come attend this session to understand the changes that have been promulgated.
CCC04-2022
24 March
Mindful Compilations
Genres: 1 hour Accounting & 1 hour Legislation
CCC05-2022
21 April
Trusts Update 360
Genres: 1 hour Tax & 1 hour Legislation
Trusts are near ubiquitous in the local financial planning environment. Sure, the advent of the Davis Tax Committee and section 7C has made them fall out of favour a little, yet they are still a significant part of our landscape.
The aim of this session is to:
Provide an overview of s 7C and the latest changes
A reminder of the key anti avoidance provisions regarding Trusts
Legal changes in the Trust space
Other considerations
CCC06-2022
5 May
Grants and other funding challenges
Genres: 1 hour Accounting & 1 hour Tax
Receiving a government grant seems almost too good to be true. Free money? From the government? There must be a catch! There may be, and not just in the T&C’s attached to the grant. The aim of this session is to help you navigate the following:
How to account for government grants in both IFRS and IFRS for SME’s.
What are the income tax consequences of receiving a grant?
Practical difficulties that need to be considered.
CCC07-2022
26 May
Non Profits, Exempt entities and other Fund accounting issues
Genres: 30 minutes Legislation, 30 minutes Accounting & 1 hour Tax
Every single practitioner is involved in a non profit entity to some extent or the other - whether this involvement comes through membership of a sporting club, charity or religious organisation. These associations are often run on a volunteer basis, leaving the compliance to be an afterthought. This session will cover the following key concepts:
Decoding the common acronyms - what do they mean?
How does fund accounting differ from IFRS?
What are the different types of income tax exemptions that are available?
A brief reminder of VAT.
CCC08-2022
23 June
Accounting for Community Living
Genres: 45 minutes Legislation, 30 minutes Accounting & 45 minutes Tax
Body Corporates / Share Blocks, etc
Dealing with the nosy neighbour next door can be challenging enough. Accounting and dealing with the administrative requirements that apply to communal living can be even more so, especially if these are not adequately addressed upfront.
This session will cover:
What type of community living arrangements are subject to the Ombuds?
How should these be accounted for?
What are the income tax consequences of these communal living arrangements?
CCC09-2022
21 July
Buying a Business vs buying Shares / a Company
Genres: 30 mins Legislation, 30 mins Accounting & 1 hour Tax
One of the most common questions accountants get asked is: “Should I sell my shares or sell the operations out of the company?” How do you answer that question? Do you understand the differences?
The aim of this session is to provide an understanding of:
Tax and accounting consequences of a sale of business
Tax and accounting consequences of the sale of shares
Taxation pro’s and con’s of business sale versus share sales
Other considerations
CCC10-2022
28 July
Legislation / Companies Update
Genre: 100% Legislation
We are anticipating 2022 to be the year that many pieces of legislation are finalised as well as potentially new legislation being proposed. Front and centre in our minds is the Companies Act Amendment Bill, which we are all eagerly awaiting being signed into law. This session will look at what the law makers have been up to lately and discuss the potential implication of the incoming statutes.
CCC11-2022
11 August
Independent Review
Genre: 100% Assurance
Independent reviews, which entered the assurance field over 10 years ago, still prove a challenging engagement to perform for many reasons. This session is a recap and refresher session to revisit the purpose, requirements and expectations of an independent review. We will look at who is required to have them, who may perform them and the procedures that are required.
CCC12-2022
20 October
Accounting Update
Genre: 100% Accounting
As with legislation, the past to years have been focused on managing the impact of the global pandemic. In 2022 many projects that have been held on pause are being finalised, with the 2nd Comprehensive review of IFRS for SME's included in this. Another exciting element is the first exposure drafts relating to sustainability accounting. This session will look at what is happening locally and internationally in the financial reporting world.
CCC13-2022
17 November
Wealth Taxes
CCC14-2022
24 November
Ethics
Being an accountant or tax practitioner in today's environment is a challenge. Our clients are faced with many dilemmas and temptations to stray off the right path due to trying to survive and possibly being frustrated by the world around them. As practitioners we have a responsibility to our clients, the profession and ourselves to hold accountable to the highest ethical standards, to instill trust and respect for our advice and guidance. . The way we can successfully do this is to continually check in with ourselves and be aware of our own moral compass but at the same time hold space and be open to understanding our clients challenges and points of view so that we can advise and guide them to do the right thing. This seemingly impossible task is something we need to do, regardless of our professional responsibilities as we need to continually reflect on what the ethical decision and action is without undue influence.
This session is designed to give you space to reflect on your own personal journey, and consider what you are striving for during these difficult times, as well as what you won't tolerate. It is just as important to know what you won't tolerate as to know what you hope to inspire and see take shape in the world.
These ideas flow and develop from the personal space, to how we conduct our business and are mantled by our professional responsibilities in terms of your professional bodies Code of Professional Conduct. Who we are as a person is not separate from who we are as a professional and tax practitioner, a concept we will explore in the session.
The accounting profession demands strict adherence to the principles of ethics. In order to build and maintain the trust of the public when they think of our profession, accountants need to be ethical individuals who can be entrusted to give the appropriate advice so that our clients can sleep well at night knowing that they are doing the right thing.
Presenters
Caryn Maitland BCom(Honours Accounting) CA(SA)
Carmen Westermeyer CA(SA)
Details:
2 hour online conversations
Thursdays @ 14:00
14 conversations in total
R440 per session
Or R4,950 for the series