The completion of a company tax return requires a surprising amount of work! A good understanding of the ITR14 could help to avoid unnecessary post-submission administration, ensure the correctness of the company tax computation, and prevent administrative penalties and interest.
The overall approach is be practical, and we focus on taking the preparer or reviewer of the ITR14 Tax Return for Companies through each stage and page of the latest tax return for companies.
We provide background to any recent changes introduced to the return, including an overview of the tax sections relating to the change and what information is required to be prepared. Where relevant, we also discuss and explain key tax amendments which impact on the understanding and completion of the company tax return.
Further to the ITR14 Tax Return for Companies, we have seen a substantial increase in SARS compliance monitoring through their audit department and a requirement to submit an IT14SD Income Tax Supplementary Declaration. We discuss the part of the IT14SD reconciliation between a taxpayer’s annual financial statements and the Income Tax Return.
After successfully completing the webinar series, you will receive a certificate of completion (4 CPD/CPE hours).