Freelancers And Independent Contractors And Tax

What you'll learn
Calculate tax as a freelancer
Caculate tax as a Contractor
Provisional Tax and Turnover Tax
How are you taxed on your 'side business'
Types of expenses claimed as deductions
Home office deductions and the impact on Capital Gains Tax
How to complete your income tax return
Maintaining an income statement
Claims against Travel Costs and the importance of a Travel Log Book
Requirements
No prior experience needed
Little to Basic Understanding of Tax
Description
****Please note that this course is based on South African Tax****Freelancing and not sure how to approach your tax obligations to SARS?Not sure what income to declare or business expenses to deduct?More people are finding themselves outside the permanent labour force and are conducting their work removed from the traditional employer-employee relationship.The employment landscape increasingly includes freelancers, independent contractors, personal service providers and part-timers, bringing with it a whole range of complex tax rules that can make life quite difficult if not applied correctly.Topics Discussed:Know what kind of business you are running -Sole ProprietorPTY LTDPartnershipCCIndependent contractors or freelancersSmall Business CorporationProvisional Tax and Turnover TaxHow are you taxed on your 'side business'Types of expenses claimed as deductionsBenefit from home office tax deductiblesHome office deductions and the impact on Capital Gains TaxHow to complete your income tax returnMaintaining an income statementClaims against Travel Costs and the importance of a Travel Log BookCaution in accepting Auto-assessments from SARSAll Included:Video presented courseDownloadable course materialCertificate of trainingAssessmentSAIT Accredited - 4 verifiable CPD points----------------------------------------------------------------------About the PresenterRuzel van JaarsveldShe has over 23 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.She is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Freelancers and Independent Contractors and Tax
Lecture 2 Part 1
Lecture 3 Part 2
Lecture 4 Part 3
Lecture 5 Part 4
Lecture 6 Part 5
Freelancers,Independant Contractors,Business owners,Managers
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