Taxation of Individual and Entities

You can start studying this course at any time of the year as soon as you have completed your registration, you can get started. There are no specific registration dates!

This course contains a CourseBookTM, which is an innovative fusion of the traditional textbook and online course, combining quality educational content with an interactive, social learning experience to promote success. The course has been broken into three Study Phases:

1. Study Phase 1 Quiz:
   • Introduction to taxation
   • Gross income
   • Exempt income
2. Study Phase 2 Quiz:
   • Allowable deductions
   • Fringe benefits and allowances
   • Employees’ tax and provisional tax
   • Taxation of non-residents
   • Taxation of business entities
3. Study Phase 3 Quiz:
   • Turnover tax
   • Completing tax returns
   • Capital gains tax
   • Donations tax
   • Estate duty
   • SARS and the tax practitioner

Work through the workbook. At the end of each Study Phase, there is a quiz to complete. You need to complete and pass each of the quizzes with a minimum of 70% to get a certificate. No restrictions on your attempts.

After completing this course, you should be able to:

• Apply foundational knowledge of tax types, computation methods, and the principles governing gross and exempt income to solve practical tax-related problems, ensuring compliance with relevant legislation.
• Utilise computational skills to accurately determine taxable income for individuals and entities, incorporating allowances and deductions and an understanding of tax brackets to prepare tax calculations.
• Examine tax certificates and perform tax reconciliations, identifying discrepancies and proposing corrective actions to ensure adherence to tax laws and regulations.
• Compare and contrast taxation principles for different business entities, assessing tax implications and strategic planning opportunities.
• Interpret and apply relevant tax legislation to various scenarios, ensuring that tax filing and reporting comply with legal standards.
• Recommend tax strategies for individuals and entities to minimise tax liabilities while complying with tax laws.
• Prepare comprehensive tax documents for individuals and entities, including returns and reports, demonstrating proficiency in tax filing processes.
• Describe tax practitioners’ roles, responsibilities, and ethical considerations, highlighting their importance in tax preparation and advisory processes.
• Implement tax compliance procedures for individuals and entities, incorporating best practices in tax preparation, submission, and audits.
• Examine current tax practices and legislation, identifying potential areas for reform or improvement to enhance tax fairness and efficiency.