
Value-Added Tax (VAT) is an essential part of any business and yet it is an area that is often overlooked or misunderstood, resulting in unnecessary penalties and interest being payable to SARS. Or simply an overpayment of your VAT account due to unknown claims that can be made.
This self-study package takes the learner on a journey that will assist in the preparation and maintenance of accounting records to understand VAT and the importance of the correct VAT treatment of transactions. It will demonstrate the timing of supplies and the correct VAT rate to apply in order to ensure that the correct amount of Output VAT is charged in the correct period. It will also clarify when the Input VAT you are entitled to can be claimed.
Whether you are a corporate decision maker, a financial or tax manager, a small business owner, a debtors or creditors clerk, or a financial professional wanting to refresh your VAT knowledge – you will benefit greatly from this self-study online series.
The following courses are included in the package:
VAT FUNDAMENTALS AND FOUNDATIONS
EFFECTIVE VAT ADMINISTRATION
VAT SALES & PURCHASES (Part 1)
VAT SALES & PURCHASES (Part 2)
VAT DEALING WITH SARS
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Gary Garbutt,
Head of Operations
Biz Facility Pty Ltd
(Registration number: 2011/105349/07)
Mission Statement:
To provide value added skills and tools through superior training and engagement that enables our clients to become more financially skilled.
Our Vision:
To provide practical skills and tools to small and medium business owners and individuals, in order to effectively utilize accounting data to manage their business or area of operation, and to effectively manage their tax obligations, both personally and professionally.
Biz Facility, founded in 2010, was founded to provide practical training interventions to small and medium sized businesses, as well as individuals, to equip clients in managing their business’s and tax affairs more effectively.Biz Facility provides both training and financial services to its clients: