Commission Earners & Tax

🧾 Commission Earners & Tax: Master Your Financials 🚀

Course Headline: 🔍 Are You Maximising Your Commission Earnings and Minimising Your Tax Liability?

Understanding Your Financial Position As a commission earner in South Africa, it's crucial to know which business expenses you can claim against your commission income. With over 50% of your remuneration coming from commissions, you have unique tax considerations. 🌟

• Who is a Commission Earner? ❓ We'll define this and understand the implications for your tax situation.
• Remuneration Subject to PAYE: Learn about payment basis and how it affects your taxable income.
• Tax Directive Application: Get guided through the process of applying for a tax directive to simplify your tax payments.
• Expenses You Can Claim: Discover various deductions you're entitled to, including home office expenses and travel costs.
• Impact of Covid-19 on Commission Income: Navigate through reductions in commission income due to lockdowns and how this affects your tax.
• Formulas for Calculating Tax on Commission: We'll walk you through the formulas to accurately calculate your taxable income, tax directive, and the amount of tax payable.
• Home Office Deductions: Understand how claiming a home office can affect your taxes and potentially reduce Capital Gains Tax in the future.
• Completing Your Income Tax Return: Get step-by-step guidance on filling out your return accurately.
• Maintaining an Income Statement: Learn the best practices for keeping track of your income and expenses.
• Travel Costs and the Importance of a Log Book: We'll highlight why maintaining a detailed travel log book is essential for accurate claim submissions.
• Caution with Auto-assessments from SARS: Learn how to approach auto-assessments critically to ensure you're not overpaying or underclaiming.

Course Inclusions: ✅

• Video Presented Course: Engage with the material through informative video content.
• Downloadable Materials: Access comprehensive study guides and resources at your fingertips.
• Certificate of Training: Receive formal recognition for completing the course.
• SAIT Accredited: Earn 4 verifiable CPD points towards your professional development.

Your Course Facilitator: 🎓

Ruzel van Jaarsveld With over 23 years of experience in financial and bookkeeping roles, Ruzel brings a wealth of knowledge and practical expertise to the course. Her extensive background working with various industries and corporate environments ensures that she can provide valuable insights into managing finances effectively. As a seasoned appointed facilitator at BizFacility, Ruzel has been instrumental in conducting national financial workshops for business owners and corporate financial staff, making her an excellent resource for understanding the nuances of commission-based income and tax implications.

Embark on a journey to master your financial literacy as a commission earner with our comprehensive course designed specifically for your needs. 💼✍️✨