TRRBS #1 How to prepare for a Tax Audit
Part 1 of The Tax Risk Review Boardroom Series
This unique Tax Risk Management Boardroom Series has been designed specifically for any entity that may be subject to a tax audit (from SME's to all levels of senior management and tax executives or corporations), as well as the professionals who consult and assist these entities.
This series will go a long way towards helping you ensure your organization's future tax health.
Breakfast, Registration and Tea:
08:00am – 8:45am
This Workshop is divided into 3 sessions to prepare you for a tax audit. At the end of the workshop you will have grasped key concepts and learnt how to compile an effective tax risk matrix and tax risk report.
Session 1 – 08:45am – 10:00am – Preparing for the tax review and the legal landscape
- Revisiting the rights of taxpayers, the procedural landscape, the onus and standard of proof
- Revisit penalties, interest and suspension of payment provisions
- Understand which tax mistakes you make red flag SARS
- Be capable of drawing SARS into interaction at an administrative level - avoiding litigation
- Plan for optimal communication and cooperation within your organization, ensuring a high degree of tax awareness in the business, from the ground up
Coffee Break – 10h00am – 10:30am
Session 2 - 10:30 am - 11:30 am – The tax risk review interview process and fact gathering process
- Compile a detailed tax risk matrix with excel summarizing the key tax risks
- Determine the on and off the radar screen tax issues
- Identify which business unit heads will be invited to the interview process
- Review the questions to be asked in the interview process
- Understanding the business unit process and the tax risks that may arise
- Review all tax advice and opinion given in the last 3 years
- Carefully record into minutes and revisit the results of the interview process
- Obtain any other relevant facts
- Revisit the tax risk matrix to amend in accordance with the new found facts
Session 3 - 11:30 am – 12:30 pm – Wrapping up the tax risk review process and compiling the tax risk review report for senior management
- You will be taken through a comprehensive tax risk review sample report
- You will be given insight into what must be inserted in the report and highlighted for senior management
- You will be shown how the tax review report interacts with the tax risk management matrix
Who Should Attend?
- Business owners
- CEOs,
- Managing Directors
- CFOs
- Financial Directors
- Anyone involved in Financial Management
- Senior Managers
- Financial Directors
- Accountants
- Legal Professionals
- Tax Managers
- Directors
- Risk Managers
- Corporate Lawyers
To buy the notes now copy and paste:
http://www.etaxes.co.za/ebook_CustomerDetails.asp?ProdID=19
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