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Taxation of Individual and Entities
R6,900.00
Master tax fundamentals with “Taxation of Individuals and Entities.” This Skill Set introduces tax types, computation methods, gross/exempt income, allowances, and deductions. Delve into tax certificates, reconciliations, and business entity taxation. Understand relevant legislation. Conclude with insights into tax practitioners, roles, responsibilities, and procedures. Gain a comprehensive understanding of individual and entity taxation.
As an institution that is responsive to changing student requirements in certain sectors of the market, we have introduced an online option offering shorter courses.
These courses provide quick wins for busy professionals and can fast-track careers in a matter of weeks or months. Professionals can stay at the cutting edge of industry-relevant skills development, as they compete in the dynamic 4IR (fourth industrial revolution) job market. Like our distance courses, our online courses allow you to register at any time. Studying is flexible and can be scheduled according to your needs.
COURSE DURATION:
12 Months
COURSE START DATES:
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!
COURSE INFORMATION:
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:
- Study Phase 1 Quiz:
- Introduction to taxation
- Gross income
- Exempt income
- Study Phase 2 Quiz:
- Allowable deductions
- Fringe benefits and allowances
- Employees’ tax and provisional tax
- Taxation of non-residents
- Taxation of business entities
- Study Phase 3 Quiz:
- Turnover tax
- Completing tax returns
- Capital gains tax
- Donations tax
- Estate duty
- SARS and the tax practitioner
ASSESSMENT:
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.
COURSE EXIT OUTCOMES:
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.
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