Anna Vayanos & Cathy Masters
Understanding Tax for Non-Profit Organisations – PBO and Section 18A
Date: 15 November 2016
Times: 08h30 – 10h30 Session 1 – Tax exemption for PBOs
11h00 – 13h00 Session 2 – Section 18A
Venue: Gordon Institute of Business Science (GIBS), 26 Melville Road, Illovo
Cost: R600 incl VAT per session
Closing date: 5 November 2016
Cathy and Anna have presented three sold out workshops in Cape Town and are bringing these sessions to Johannesburg for the first time thanks to the support by the Nedbank Private Wealth Philanthropy Office. Don’t miss this opportunity to gain a true understanding of your organisation’s PBO and Section18A status – what it means for your organisation and your donors.
We will breakdown the complexities behind these hugely beneficial approvals which will alllow you a greater understanding of what is required for proper compliance with their requirements.
The hot topic of conditional donations will also be covered in the Sections 18A session. There is much confusion and often differing expectations between organisations and their donors as to when a Section 18A receipt or invoice can be provided.
Come spend the morning 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 two sessions.
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. We will also address the questions around trading by PBOs. Noxolo Hlongwane of Nedbank Private Wealth will also cover the tax consequences of investing your reserves.
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 organisations?
We encourage everyone to attend the first session in order to gain the background knowledge required to more easily follow the second session.
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 NPOs since 1987, from small CBOs 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 15 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.
Noxolo Hlongwane holds a Master of Business Administration degree from the Henley Business School and a post graduate degree in Economic Policy and Development. She has over nine years’ experience in the financial services sector. Her current role at Nedbank Private Wealth focuses on facilitating philanthropy for clients, something that she is passionate about with financial sustainability being an area of focus.