Master the core financial skills every business professional needs with our Business Financial Essentials Self-Study Package.

Designed for entrepreneurs, small business owners, and individuals eager to strengthen their financial knowledge, this package combines five foundational courses that cover the most important aspects of business finance:

The following courses are included in this package:

Personal & Company Income Tax For Beginners

• The Tax Framework (corporate taxpayers & individual taxpayers)
• Exempt Income
• Tax Free Investment
• Dividends Tax (S64 of the Income Tax Act)
• Rebates
• Tax Thresholds
• Tax treatment of the varying classes of taxpayers:

• Sole Proprietors and Partnerships
• Close Corporations and PTY LTD Companies
• Trusts

• Micro Business – Turnover Tax
• Small Business Corporations (SBC)
• Independent Contractors
• Personal Service Providers
• Revenue Deductions
• Capital Allowances

• Schedule of W&T Allowances

• Taxable Income and Accounting Income
• Working from Home
• Capital Gains Tax (CGT) – the basics
• Provisional Tax – the basics

VAT: Back to Basics

• Definitions: Output tax and Input tax
• Registration
  • Category of vendor
  • Refusal to register
  • Cancellation of registration
  • Onus on the vendor
  • Liability of vendor
• Time and value of supply
  • General rule
  • Rental agreement
  • Instalment credit agreement
  • Fixed property
  • Open Market Value
• Zero-Rating
  • Export of goods
  • Export of secondhand goods
  • Supply of a going concern
  • Fuel levy
  • Services
• Exempt Supplies
  • Financial services
  • Residential accommodation in a dwelling
  • Education services
  • Transport by road or rail
  • Other
• Input Tax
  • Apportionment of input deductions – section 17 (1)
  • Prohibited input deductions – section 17 (2)
  • Double inputs
• Calculation of VAT payable – section 16 (3)
• Accounting basis
• Deemed Supplies
  • Fringe Benefits – section 18 (3)
  • Person ceasing to be a vendor – section 8 (2)
  • Disposal of going concern – section 8 (7)
  • Insurance claims – section 8 (8)
  • Non-Supplies – section 8 (14)
  • Supply of goods or services used partly for making taxable supplies – section 8 (16)
• Tax invoices, credit notes, debit notes
• Irrecoverable debts – section 22
• Late payments of VAT and interest on refunds
• VAT and micro businesses
• VAT and connected persons

Basic Understanding of Financial Statements

• Introduction to Financial Statements and why they matter
• Statement of Comprehensive Income (Income Statement)
• Statement of Financial Position (Balance Sheet)
• Cash Flow Statement
• How to read Financial Statements in practice
• Common red flags to look out for
• How banks and external parties view your Financial Statements
• Practical Examples and Calculations

Payroll

• Definitions
• Tax Tables, Rates & Rebates
• Exemptions - Individuals
• Deductions - Employees
• Deductions - Retirement
• Fringe Benefits
• Subsistence Allowance
• Travel Allowance
• Deductions - Travel Expense
• Youth Employment Incentive (ETI)
• Relocation of Employee
• Wear & Tear Allowance
• Skills Development Levy
• IRP5 and IT3 Certificates - Source Codes
• Bursaries / Tuition Fees
• Independent Contractors
• Salary Sacrifice
• Medical Aid Rebates
• Retirement / Pension / Provident Fund Contributions

Basic Business Bookkeeping

• Basic Bookkeeping and Accounting Terminology
• Why you need Bookkeeping
• Accounting Cycle
• Source Documents, Books of First Entry
• Chart Of Accounts
• Audit Trails
• Trial Balance
• Reconciliations
• Tangible and Intangible Assets
• Depreciation & Amortization
• Compound Interest
• Accrual and Provisions
• Basic Ratio Analysis
• Prepaid Expenses
• Month/Year End Close of Process
• Introduction to Annual Financial Statements (AFS)

• Video presented courses
• Downloadable course material
• Certificates of training
• Assessments (optional)
• No time limit or expiration date
• SAIT Accredited (Verifiable CPD Hours)