Commission Earners & Tax

Are you a commission earner in South Africa? Discover how to maximize your tax savings!

This course focuses on South African Tax regulations specifically for individuals where 50% or more of your income is commission. Learn how to legally reduce your tax liability by claiming legitimate business expenses against your commission income (code 3606) on your IRP5.

Here's what you'll learn:

• Who is a Commission Earner? Understand the tax implications for those primarily earning through commission.
• Remuneration Subject to PAYE: Learn about PAYE (Pay As You Earn) on a payment basis.
• Tax Directives: Understand how to apply for a tax directive to clarify your tax obligations.
• Claimable Business Expenses: Explore the various types of expenses you can deduct as a commission earner – often similar to those available to sole proprietors and independent contractors.
• Commission Income Tax Calculation: Master the formulas for calculating tax on commission effectively.
• Aggregated Annual Taxable Income: Understand how your income is aggregated for tax purposes.
• Tax Directives: Learn when and how to utilize tax directives for clarity.
• Annualised Amount of Tax Payable: Calculate your annual tax liability accurately.
• Home Office Deductions & Lockdown: Explore home office deductions and their impact, especially considering lockdown situations.
• Home Office Deductions & Capital Gains Tax: Understand the connection between home office deductions and Capital Gains Tax.
• Completing Your Income Tax Return: Get step-by-step guidance on how to complete your income tax return accurately.
• Maintaining an Income Statement: Learn the importance of a clear income statement.
• Travel Cost Claims: Understand claims against travel costs and the crucial role of a travel log book.
• Caution with Auto-Assessments: Be aware of the risks and limitations of accepting auto-assessments from SARS.

What's Included:

• Video Presented Course: Engaging video lessons to guide you through the material.
• Downloadable Course Material: Comprehensive resources for reference.
• Certificate of Training: Proof of completion.
• SAIT Accredited: Earn 4 verifiable CPD points.

About the Presenter: Ruzel van Jaarsveld

Ruzel brings over 23 years of experience in financial and bookkeeping, working across diverse industries. Her expertise encompasses trial balance, payroll, VAT, PAYE returns, inventory control, management accounts, e-filing, and import/export procedures. Ruzel is a seasoned facilitator with Biz Facility, delivering practical financial workshops to business owners and financial staff.