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TAX TRAINING FOR TRADERS

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TAX TRAINING FOR TRADERS Powered By Docstoc
					   PRESENTATION




  OLD MUTUAL
PRIVATE WEALTH
 MANAGEMENT
                 Contents




•   Welcome and introductions
•   Kelly & Kinder
•   Tax for commission earners
•   Tax compliance
•   Exchange control




                        2        12 October 2012
                Kelly & Kinder




Who we are:-
• Robin Kelly
• Phil Kinder

What we stand for:-
• Person to person




                        3        12 October 2012
              Kelly & Kinder Cont…




• Service offering
  Accounting services
  Payroll services
  Taxation services
  Consulting services
  Offshore services




                     4               12 October 2012
               Kelly & Kinder Cont…




• Client profile
  Small to medium enterprises
  Individuals requiring person to person tax
     advice and assistance




                       5                        12 October 2012
              Tax for Commission Earners




• Income (> 50% from commission)
• Less: Expenses/Losses
   In the production of income
   Not of a capital nature
• Less: Deductions/Allowances
• Equals: Taxable income/loss




                     6                     12 October 2012
             Expense Examples




• Direct expenses
  Telephone/Internet
  Entertainment/Refreshments
• Motor vehicle expenses
  Business vs private




                    7           12 October 2012
              Expense Examples Cont…




• Home office expenses
  Interest & insurance
  Electricity & water
  Rates
  Cleaning




                      8                12 October 2012
             Deductions/Allowances




• Repairs
• Wear and tear
  Computer equipment
  Office equipment
  Software
• Pension/RA/Medical




                    9                12 October 2012
                 Tax Compliance




•   Tax directives
•   Provisional tax returns
•   VAT returns
•   Annual income tax return
•   Turnover tax




                        10        12 October 2012
               Exchange Control




• Foreign investment allowance
• Tax clearance application
• Earning income offshore




                      11          12 October 2012
                 Contact details




•   Web-site: www.kellyandkinder.co.za
•   E-mail: robin@kellyandkinder.co.za
•   E-mail: phil@kellyandkinder.co.za
•   Cell: Robin – 083 651 3374
•   Cell: Phil – 083 635 9029
•   Office: 031 765 3468




                         12              12 October 2012

				
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