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Trust Accounting and Tax

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Taxation and Accounting treatment of Trusts

The taxation and accounting treatment of trusts specifically require definitely special considerations that every business accountant and tax practitioner need to essentially be aware of.

What you’ll learn

  • Trust Law 101.
  • Trust Law 101.
  • The Income Tax Act and Trusts.
  • Roles, responsibilities of the trust founder & beneficiaries.
  • Roles, responsibilities of the trust founder & beneficiaries.
  • The deceased estate administration process.
  • Trusts and deceased estates – Accounting & Tax treatment.

Course Content

  • Trust Accounting & Tax –> 6 lectures • 1hr 59min.

Trust Accounting and Tax

Requirements

The taxation and accounting treatment of trusts specifically require definitely special considerations that every business accountant and tax practitioner need to essentially be aware of.

There definitely are several actually common mistakes made in the operation of trusts that for all intents and purposes have been set up for estate planning purposes, to generally protect assets from creditors and for generally potential tax savings in a generally major way.

The verification of trust tax returns by SARS actually is on the increase and therefore it specifically is important for people to essentially get their trusts in order in a for all intents and purposes big way.

 

TOPICS DISCUSSED:

  • Trust Law 101
  • The Income Tax Act and Trusts
  • Trust administration, setting up a lawful Trust
  • Roles, responsibilities of the trust founder & beneficiaries
  • Terminating a Trust – what you need to know
  • Overview of the deceased estate administration process
  • Trusts and deceased estates – Accounting & Tax treatment

 

All Included:

  • Recording of the session
  • Q&A with the presenter
  • Downloadable course material
  • Certificate of training
  • Optional assessment
  • SAIT Accredited – 3 verifiable CPD points

 

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About the presenter:

Daniel van Tonder

Daniel van Tonder is the Head of Taxation at FinSolve Accounting and Taxation – situated in Durbanville Cape Town.
He completed his B- Compt degree in Financial Accounting while still busy with his articles at Diemont, Zimmerman & Bolink Auditors in Polokwane.

After his articles he entered the private sector to gain valuable experience as a Group Finance Manager and Group Internal Tax Practitioner.

He is currently busy with his post graduate diploma in taxation through Unisa.
Daniel is a registered tax practitioner and a proud member of the South African Institute of Taxation.

 

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