THERE IS NO COURSE LIKE THIS
This compliance course was run in November 2020 and was run in 3 parts and is up to date. It will provide you with 6 hours of CPD if you run the quiz. We have provided the link for the quiz on an honour basis and we would appreciate that you respect this by running the video before you take the CPD.
Run part 1 by scrolling down - download the notes next to each video.
This compliance course was run in November 2020 and was run in 3 parts and is up to date. It will provide you with 6 hours of CPD if you run the quiz. We have provided the link for the quiz on an honour basis and we would appreciate that you respect this by running the video before you take the CPD.
Run part 1 by scrolling down - download the notes next to each video.
PART 3 OF RUNNING A PRACTICAL COMPLIANCE PRACTICE
Quiz for CPD FOR ALL 3 PARTS
https://www.flexiquiz.com/SC/N/0d0058b4-ecc1-454e-a224-15994fa6b416
TAX RETURN PRODUCTION
I will discuss ITR12, ITR14 and ITR12 trust returns and the new auto assessment process. Comparisons between SARS e-filing and producing tax returns on a back office system. Managing the submission process and the most important things that need to be done first. Using task management or a CRM system to reduce risk. Retrieving assessments and correspondence. Measurements of your progress throughout the tax year.
EXERCISE OF DISCRETION IN CASE OF LATE OBJECTION OR APPEAL
I will discuss the draft interpretation note (the latest) on this aspect as I think many Tax Practitioners are falling foul in regard to not being able to make objections in time and the draft paper deals with the mechanism on how to get around this, resulting in notices not being received and errors on the website.
STATEMENT OF ASSETS ON AN ITR12
Detailed discussion on how this works and why this is so important to do for individuals and help in protecting your clients making
I will discuss ITR12, ITR14 and ITR12 trust returns and the new auto assessment process. Comparisons between SARS e-filing and producing tax returns on a back office system. Managing the submission process and the most important things that need to be done first. Using task management or a CRM system to reduce risk. Retrieving assessments and correspondence. Measurements of your progress throughout the tax year.
EXERCISE OF DISCRETION IN CASE OF LATE OBJECTION OR APPEAL
I will discuss the draft interpretation note (the latest) on this aspect as I think many Tax Practitioners are falling foul in regard to not being able to make objections in time and the draft paper deals with the mechanism on how to get around this, resulting in notices not being received and errors on the website.
STATEMENT OF ASSETS ON AN ITR12
Detailed discussion on how this works and why this is so important to do for individuals and help in protecting your clients making

lapd-intr-in-2012-15_-_late_objection_exercise_discretion_1_.pdf | |
File Size: | 154 kb |
File Type: |
PART 2 OF RUNNING A PRACTICAL COMPLIANCE PRACTICE
NICO THERON
Tax Specialist | Author of Practical Guide To Handling Tax Disputes |
Nico spoke about the tax work that he does which everyone enjoyed
COST OF RUNNING A TAX PRACTICE
PROVISIONAL TAX PROCESSES
We will discuss in detail all the provisional tax processes from interpretation notes to the actual law and what changed in Covid-19 and what transpired in 2020. I will deal with the practical difficulties you will encounter! All the penalties and how to get them waived. Other aspects 1st 2nd and 3rd payments, 8% increase, who is liable, the timing problems, estimates, why you need an automated system. Payments and timing. The difference between practice and theory. Most important of all is the risk aversion procedures that you need to take care of whether you use a manual or automated system.
Tax Specialist | Author of Practical Guide To Handling Tax Disputes |
Nico spoke about the tax work that he does which everyone enjoyed
COST OF RUNNING A TAX PRACTICE
PROVISIONAL TAX PROCESSES
We will discuss in detail all the provisional tax processes from interpretation notes to the actual law and what changed in Covid-19 and what transpired in 2020. I will deal with the practical difficulties you will encounter! All the penalties and how to get them waived. Other aspects 1st 2nd and 3rd payments, 8% increase, who is liable, the timing problems, estimates, why you need an automated system. Payments and timing. The difference between practice and theory. Most important of all is the risk aversion procedures that you need to take care of whether you use a manual or automated system.

lapd-intr-in-2012-01_-_provisional_tax_estimates_1_.pdf | |
File Size: | 290 kb |
File Type: |
PART 1 OF RUNNING A PRACTICAL COMPLIANCE PRACTICE
ITEMS DEALT WITH
BACKGROUND
The necessary components to run a successful back office system in a tax compliance tax practice will be discussed. Background to automated back office systems and how the Tax Administration Act changes everything. Why your accounting practice is tax-centric and why you have to make your tax practice risk averse as well as make it profitable especially during COVID.
COMMUNICATING WITH YOUR CLIENTS
Proper communication with your clients is key to running a successful risk averse practice. All the do’s and don’ts of communicating with your clients especially during Covid-19 will be dealt with. The concept of digital signatures and how this will go a long way to tracking and controlling communications with your taxpayer clients as well as guarantee that your client receives all your communications. Examples of letters will also be provided as part of your notes. We will provide full samples of the most important letters.
PAPERLESS OFFICE
Why it is so important in the age of Covid-19 to be paperless and the tools you need to make it paperless, efficient and profitable will be discussed.
REDUCING RISK EXPOSURE IN A TAX PRACTICE
It is necessary to have a proper mandate that your client needs to sign - we will supply ours. We will discuss the steps you need to take in order to reduce your risk exposure. Letter writing and producing a proper engagement or mandate letter. Signing of tax returns – who needs to sign a return. Potential liability that could be incurred by a Tax Practitioner. E filing terms and conditions and some important history of e Filing.
BACKGROUND
The necessary components to run a successful back office system in a tax compliance tax practice will be discussed. Background to automated back office systems and how the Tax Administration Act changes everything. Why your accounting practice is tax-centric and why you have to make your tax practice risk averse as well as make it profitable especially during COVID.
COMMUNICATING WITH YOUR CLIENTS
Proper communication with your clients is key to running a successful risk averse practice. All the do’s and don’ts of communicating with your clients especially during Covid-19 will be dealt with. The concept of digital signatures and how this will go a long way to tracking and controlling communications with your taxpayer clients as well as guarantee that your client receives all your communications. Examples of letters will also be provided as part of your notes. We will provide full samples of the most important letters.
PAPERLESS OFFICE
Why it is so important in the age of Covid-19 to be paperless and the tools you need to make it paperless, efficient and profitable will be discussed.
REDUCING RISK EXPOSURE IN A TAX PRACTICE
It is necessary to have a proper mandate that your client needs to sign - we will supply ours. We will discuss the steps you need to take in order to reduce your risk exposure. Letter writing and producing a proper engagement or mandate letter. Signing of tax returns – who needs to sign a return. Potential liability that could be incurred by a Tax Practitioner. E filing terms and conditions and some important history of e Filing.

tax_compliance_book_2020_3.pdf | |
File Size: | 1751 kb |
File Type: |

tax_mandate_may_2020.pdf | |
File Size: | 85 kb |
File Type: |

terms_and_conditions.pdf | |
File Size: | 63 kb |
File Type: |