Personal Service Providers(PSPs) Course
What you’ll learn
- Definition of a personal service provider
- Outcome of being a personal service provider
- How to exit from a PSP classification
- Deductions available to a personal service provider
- Deductions NOT available to a personal service provider
The taxation of personal service providers (PSP) was introduced largely to curtail tax schemes in which an employee would resign from employment and subsequently, form a company or a trust (personal service provider) and thereafter offer the same services to the former employer.
The taxation of PSP has been extended beyond this scenario and includes any PSP whether or not the services are rendered to former employers.
Topics Discussed:
Definition of a personal service provider
Outcome of being a personal service provider
How to exit from a PSP classification
Deductions available to a personal service provider
Deductions NOT available to a personal service provider
From the single shareholder perspective
Employees’ tax on a fee
Income Tax on taxable income
Provisional Tax
Trusts classified as a personal service provider
The Presenter:
Ruzel van Jaarsveld
Ruzel has over 26 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.
Ruzel is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.
Who this course is for:
- Tax Professionals
- Financial Staff
- Managers
- Bookkeepers & Accountants
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