Beginner's Guide to Company and Personal Income Tax Webinar
R550.00
In stock
Product Details
This course gives beginners a clear, practical introduction to how income tax works for individuals and companies in South Africa. It explains the core building blocks—who is taxed, what is taxable, what can be deducted, how tax is calculated, and what SARS expects in basic compliance—without getting too technical. Learners will leave with a “working understanding” of the difference between personal income tax and company income tax, and how common transactions affect each.
Who will benefit
Beginners entering tax, bookkeeping, payroll, or junior accounting roles
Small business owners who want clarity on personal vs company tax
Anyone needing a foundation before moving into provisional tax, VAT, or more advanced topics
Module 1: The Income Tax Big Picture — How SARS Taxes People and Businesses
Content: What income tax is, how the annual tax cycle works, and the difference between filing, assessment, and payment.
Module 2: Individuals vs Companies — Two Different Taxpayers
Content: How individuals and companies differ legally and for tax, why structure matters, and typical examples (sole proprietor vs company owner).
Module 3: Tax Residency and “Where You’re Taxed” (High Level)
Content: Resident vs non-resident concept, South African-source income concept, and why these determine what SARS can tax.
Module 4: What Counts as Taxable Income?
Content: Understanding gross income in plain language, common taxable income types (salary, business income, rental, interest), and common misconceptions.
Module 5: Exempt and Non-Taxable Amounts (Common Everyday Examples)
Content: Exempt vs excluded amounts in simple terms, typical exemptions individuals encounter, and why companies generally have fewer exemptions.
Module 6: Deductions — What You Can Claim (and What You Can’t)
Content: The basic “business purpose” idea, private vs business spend, common deductible categories, and why documentation matters.
Module 7: Personal Income Tax — How the Calculation Works
Content: The practical flow: taxable income to tax payable, progressive rates concept, rebates/credits conceptually, and how PAYE fits in.
Module 8: Company Income Tax — How the Calculation Works
Content: Company taxable income flow, how company tax is applied in principle, assessed losses concept, and why retained profit matters.
Module 9: Provisional Tax — The Link Between Business Profits and Paying Tax During the Year
Content: What provisional tax is, who typically deals with it (individuals and companies), and how it prevents year-end tax shocks (high level).
Module 10: SARS Compliance Essentials — What Must Be Filed and Kept
Content: The idea of key returns (individual vs company), basic deadlines concept, record-keeping basics, and how SARS queries usually arise.
