Technical Financial Accountant: Income Tax Returns
Determine what is gross income,
Determine and advise on which income is exempt from tax,
Identify and calculate deductions and allowances,
Calculate income from employment,
SITE and PAYE deductions,
Prepare computations of investment,
Royalty and rental taxable income,
Calculate taxable portions of lump sum benefits,
Prepare personal tax returns and calculate the tax liability,
Calculate taxable income from trade and complete business sections of tax returns,
Prepare computations of capital allowances and recoupments,
Calculate and account for provisional tax payments,
Adjust income or losses of companies to taxable income and complete company tax returns,
Calculate and account for STC,
Interpret and apply the Income Tax Act,
Keep abreast of and explain developments in the field of taxation,
Apply the laws and procedures relating to taxes levied,
Interpret legislation related to Estate Duty,
Keep abreast of and explain developments in the field of taxation,