Anna Vayanos & Cathy Masters
are repeating their popular workshop sessions in Cape Town
Understanding Tax for Non-Profit Organisations:
PBO, Section 18A & Trading Rules
Don’t miss this opportunity to gain a clear understanding of your organisation’s PBO and Section 18A status, and the related trading rules – what they mean for your organisation and your donors.
Venue: Rondebosch Golf Club – Cape Town
Date: Tuesday 28 May 2019
Times: 08h30 – 10h30 Session 1 – Basics of tax exemption for PBOs
11h00 – 13h00 Session 2 – Section 18A
13h30 – 16h00 Session 3 – Trading rules for PBOs
Cost per person: R700 (incl. VAT) per session or R1900 (incl. VAT) for all three sessions.
A light lunch will be served at 13h00.
This training is presented in three separate sessions.
Session 1 – Basic principles of tax exemption for PBO’s
This session will cover the basic principles of tax exemption for PBO’s including benefits and compliance requirements, and the consequences of non-compliance.
Session 2 – Section 18A in detail
This session will cover the requirements of Section 18A for approval, 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, if so, 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 (non-practising) and a registered tax practitioner and has been advising NPO’s and donors on tax and tax exemption for over 18 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 (now Nedbank Private Wealth). She is the founder and owner of Anna Vayanos Philanthropy Consulting.
This is what some of our clients who attended this training before had to say:
“I got answers to tax topics that we were struggling with at my workplace.”
“Trading rules for PBO’s was an eye opener and the information I received is certainly going to help my organisation going forward.”
“I appreciated the practical application of laws and rules in the case studies”.
“This was a great refresher on Section 18A – invaluable!”
Come and spend the day with us to improve or refresh your understanding of these important areas of tax.
We will break down the complexities behind these hugely beneficial approvals to ensure you have a greater understanding of what is required for proper compliance with their requirements. We have added an extra session to deal more specifically with the trading rules for PBO’s.