Day Four - Stream Two - Practice Management Workshop
08:30 to 09:30
Tax digitisation (Part A)
In the context of an underperforming tax administration, failing State Owned Companies, reported mismanagement by the State and illicit financial flow of taxpayer money we explore tax digitisation in this unique and challenging context. Is there a solution for South Africa in tax digitisation to rebuild trust and create tax value?
Part A of this session will explore:
The contract between the State and Taxpayers and look at options to transform through technology and data transparency,
The benefits of tax technology and the limitations and challenge the state and taxpayers have experienced with tax technology
09:30 to 10:30
The psychology of VAT pricing: VAT inclusive or exclusive and does zero-rating really assist the poor?
The recent 1% increase has raised core issues relating to the fairness of VAT with various demands for expanded zero-rated categories. The subject for discussion is whether a reduced VAT or zero-rated VAT will indeed minimise pricing, be fully captured by the supplier or shared somewhere in-between. A secondary issue is whether a category of zero-rating can actually be dedicated to mainly benefit the poor as opposed to other consumer income categories.
Dr Ferdie Schneider
Cliffe Dekker Hofmeyr
10:30 to 11:00
11:30 to 11:45
Transformation: A "firm" embrace
The Black Economic Empowerment Codes are an evolving landscape that consistently have collateral tax implications (e.g., in terms of transferring ownership). The panel will cover the basic models of ownership transformation and the potential mechanisms that allowed for transformation as minimal added tax cost.
Kristel van Rensburg
11:45 to 12:30
“I did it my way …” – Overcoming challenges of starting your own practice
A growing number of tax practitioners are forming their own firms in search of new and niche markets or simply to escape the daily rigours of large firm systems and processes. While existing, the start of the journey can also be daunting. Our panel of experts will provide their experience of the “dos’ and “don’t” for a successful start-up.
Caoilfhionn van der Walt
Regan van Rooy
Unicus Tax Specialists SA
12:30 to 13:45
13:30 to 14:00
Sage Business Cloud payments and banking solutions for your practice
Sage Pay, the preferred payment provider for Sage products, will showcase how you can make and receive payments faster, securely and seamlessly from any Sage product in South Africa.
14:00 to 15:00
Tax digitisation (Part B)
In the second half of this session we’ll cover:
What is considered as the de facto standard of tax technology and how South Africa can employ this to facilitate sustainable economic growth
A demonstration of a fully automated tax value chain with full data transparency from taxpayer to State and how digital tax governance is created.
Though a panel discussion the costs associated with a lack of data transparency and what digital tax governance means
15:00 to 15:30
15:30 to 16:30
Disputing disputes (Town hall session)
The third and final panel/audience interactive sessions of the week will cover the process of disputes from initial inquiry to initial court filing. The session will begin with a brief outline of process, followed by an interactive discussion of each step. The goal of the session is to enhance group understanding of the dual perspectives of SARS and taxpayers at each stage of dispute.