Anna Vayanos & Cathy Masters present workshop sessions
Understanding Tax for Non-Profit Organisations, PBO, Section 18A & Trading Rules
Date: 31 May 2018
Times: 08h30 – 10h30 Session 1 – Basics of tax exemption for PBOs
11h00 – 13h00 Session 2 – Section 18A
NEW!! 13h30 – 15h30 Session 3 – Trading rules for PBOs
Venue: Rondebosch Golf Course
Golf Course Road, Off Klipfontein Road, Cape Town
021 689 4176
Cost per person: R690 (incl. VAT) per session or R1850 (incl. VAT) for all three sessions
Don’t miss this opportunity to gain a clear understanding of your organisation’s PBO and Section18A status, and the trading rules – what they mean for your organisation and your donors.
We will break down the complexities behind these hugely beneficial approvals which will allow you a greater understanding of what is required for proper compliance with their requirements.
We have added an extra session this year to deal more specifically with the trading rules for PBO’s.
Come and spend the day with us to improve or refresh your understanding of this important area of tax and to make use of the opportunity to raise any questions you might have. Individual queries raise issues usually shared by many attending, and so we allow a lot of time for these.
This training is presented in three separate sessions.
Session 1 – Basic principles of tax exemption for PBOs
This session will cover the basic principles of tax exemption for PBOs including benefits and compliance requirements, and the consequences of non-compliance.
Session 2 – Section 18A in detail
This session will cover the requirements for Section 18A approval, including compliance and the consequences of non-compliance, and will specifically answer these questions:
- Which donations qualify for a S18A receipt and which don’t?
- Do pro bono services qualify for a receipt?
- When should an invoice be issued instead of a receipt?
- Can a donor impose conditions on their donation?
- What are the distribution rules for S18A-approved grant-making organisations?
Session 3 -Understanding and applying the trading rules for PBO’s
This session will unpack in detail the trading rules for PBO’s and will specifically answer these questions:
- What is trade and trading income?
- What if a PBO earns rental income?
- Could investment income be trading income?
- Are there any limits to trading for a PBO?
- Could we lose our PBO approval by trading?
- Could a PBO pay income tax and how is it calculated?
We encourage everyone to attend the first session (if you haven’t already done so) in order to gain the background knowledge required to more easily follow the second and third sessions.
|About the Presenters:
Cathy Masters CA(SA) is the founder of CMDS – a specialised financial management consultancy for non-profit organisations advising, training and supporting a diverse range of NPO’s since 1987, from small CBO’s to international funding agencies. She understands all the financial, tax and legal issues facing the sector. She is also passionate about sharing the knowledge that comes from this long experience, and is an experienced trainer.
Anna Vayanos is an admitted attorney and a registered tax practitioner and has been advising NPOs and donors on tax and tax exemption for over 17 years, both whilst working for a leading, national law firm and subsequently through her previous role as Head of the Philanthropy Office at BoE Private Clients (Nedbank Private Wealth). She is the founder and owner of Anna Vayanos Philanthropy Consulting.