Explanation for TLP(RSA):

South Africa is labour intensive but unfortunately employees are not adequately trained to meet the basic requirements of what is expected from a reasonable employee. Our experience shows that in as much as the employer has so many responsibilities against the employee, there needs to be some education and qualification criteria that are required to make employees suitable and better.

The more the employees are great, the more business does well and avoids likely litigations. This designation means that the employee has gained great experience in understanding their roles and responsibilities in the workplace, and for the benefit of government. It is expected that the employees who eventually gain this designation will do better at work and will earn better as well.
The aim is to increase ethical and legal responsibility and self-awareness about the needs of the organization. The SBPSA regulates the qualification criteria to become a TEP(RSA). Education / RPL, training, and Board exams are required for one to qualify.

Explanation for SBA(RSA):

This is our prestigious designation. To obtain this designation, the student must have acquired education requirements for SBP(RSA), the TLP(RSA), and the FCR (RSA). This person is allowed to trained 6 professionals unless at a time. Well, we do not determine how this mix has to be done. Of cause, the firm will need to accredited. Where the SBA work as a group, their ratio is increased to 1:8. In the event the SBA qualifies as the TLPP(SA), the training ration will remain at 1:15, and again we have no say on the ratio mix

Explanation for SBV(RSA):

For the purpose of the profession, the value of the business can either be determined by a chartered accountant, the registered auditor. This group will have to qualify as SBV, and be allocated a separate membership number to undertake this work. SBA's can apply for membership and are required to work under CAs or RAs before they could practice independently. Independence means with supervision or in isolation. 2 years of supervision is required, there after one should work in isolation. The designation holder must be an individual.

Explanation for TPI(RSA):

Our prestigious TPI(RSA) designation is meant for taxpayers who wish to start their good citizenship by ensuring that they master their tax obligation. This goes beyond our task of explaining income tax source codes. In our way, mastering a tax obligation means quite a number of important activities,
1) understand the South African tax cycle,
2) understand how your contract of employment impacts on your taxation affairs. Here a reference will be made between your contract and the ITA34,
3) understand the difference between ITR 12 return, and the EMP 201 return,
4) understand how the Income is calculated,
5) Understand when is the ITR 12 return has to filled,
6) understand how the EMP 201 return is calculated,
7) understand the structure of the return itself,
8) understand different types of assessments that C:SARS may raise,
9) understand and interpret important documents dedicated to you as taxpayer,
10) understand important periods that guides the happening of events. For instance, by when will you be allowed to submit your tax return, what is meant by the tax season, what is expected of you and your employer during a tax season, what documents are required and how to prepare these during the tax season, etc,
11) understand what you must do when you are not happy with your assessment,
12), understand the ways in which a return can be submitted to C:SARS,
13) understand different methods of paying C:SARS,
14) different types of appeal channels avail to you as an individual, 15) understand the type of supporting you must keep and produce to C:SARS when submitting your return and after you have submitted a return,
16) understand different methods of paying C:SARS and how to enter into a tax payment arrangement with C:SARS, and
17) Understand the difference between a penalty and an interest. All of this together with some practical issues that we will encounter when we finally on this is done to increase the level of information, tighten tax compliance, produce responsive and good citizens, improve the tax administration in South Africa and help taxpayers to react with knowledge. Together we hope that we can make a positive impact to the South African compliance system. When you have successfully obtained this designation, it means you are both tax aware and conscious, and you perfectly understand your tax affairs. Clearly, the advantages and accruals that arise out of this designation are important for those who wish to move South Africa forward and make it a better place for all.

Explanation for TPB(RSA):

The TPB(RSA) designation is meant for businesses that do not qualify to be SBO's. These are usually businesses that have not started or that are less than 18 months old. We focus on three regulators here, CIPC, DoL, and SARS. For SARS, we look at the following issues:
1) understand the South African tax cycle,
2) understand how the contract of employment of employees on your taxation affairs. Here a reference will be made between the and the ITA34. Director's taxation is also looked in this part,
3) understand the difference between ITR 12 return, the ITR 14 and the EMP 201 return,
4) understand how the Income Tax is calculated,
5) understand when is the ITR 12 return has to filed,
6) understand how the EMP 201 return is calculated,
7) understand the structure of the return itself,
8) understand different types of assessments that C:SARS may raise,
9) understand and interpret important documents dedicated to you as taxpayer,
10) understand important periods that guides the happening of events. For instance, by when will you be allowed to submit your tax return, what is meant by the tax season, what is expected of you and your employer during a tax season, what documents are required and how to prepare these during the tax season, etc,
11) understand what you must do when you are not happy with your assessment,
12), understand the ways in which a return can be submitted to C:SARS,
13) understand different methods of paying C:SARS,
14) different types of appeal channels avail to you as a juristic person,
15) understand the type of supporting you must keep and produce to C:SARS when submitting your return and after you have submitted a return,
16) understand different methods of paying C:SARS and how to enter into a tax payment arrangement with C:SARS, and
17) Understand the difference between a penalty and an interest. All of this together with some practical issues that we will encounter when we finally on this is done to increase the level of information, tighten tax compliance, produce responsive and good citizens, improve the tax administration in South Africa and help taxpayers to react with knowledge. Together we hope that we can make a positive impact to the South African compliance system. When you have successfully obtained this designation, it means you are both tax aware and conscious, and you perfectly understand your tax affairs. Clearly, the advantages and accruals that arise out of this designation are important for those who wish to move South Africa forward and make it a better place for all. For CIPC, we look on the calculation of revenue, the interpretation of the CK document, the completion of the IR section 33 return of the Companies Act. For Dol we look at UIF, COIDA and SDL calculations, and submission of returns. The aim is to ensure that important regulation is understood very early in the business cycle.

Explanation for TLP(RSA):

The TLP(RSA) has to be trained by a Trained Labour Professional Practioner. In other words, once you have qualified as a TLP(RSA), and you have met the minimum requirements of 10 years working experience in middle to senior position, you can apply to SBPSA to be qualified as TLPP(RSA), TLPP(RSA) could operate their offices and allowed to be accredited training institutions. By being an accredited training institution means that the entity will have to apply as such. Please click on accreidation to see more on this. The general rule is that each TLPP(RSA) can train 15 students a time, and the training period is 12 months to become a TLP(RSA). This process is all regulated by SBPSA. Education / RPL, training and Board exams are required for one to qualify.

Explanation for UIF employees:

Until now, in South Africa, we are faced with incomplete and inaccurate date of employees which does not take the needs of the employees all the time. UIF employees, are trained and taught on areas of their employment, given access to their employment movement and to be assisted with all UIF related benefits. Here, a proof of employment, and the employers confirmation is sufficient for membership.

Explanation for FRC(RSA):

This is a designation obtained by financial practioners determined to work in the small business sector. As it is called, a Financial Records Clerk is a finance professional who is trained to respond to small business finacial obligations. The participants come from universities, and TVET colleages. Their primary function is business compliance, and they work predominatly under a Chartered Accountant. It is expected that the FRC could want to operate and train its employees, that is allowed, and the ratio is that there be 4 candidates for each FRC. This also opens up an opportunity for the FRC's to work together.

Where FCR's work as a firm or under a signed partnership agreement, it allowed for each of them to obtain a ratio of 1:5. FRC's are required to accept trainees after 24 months and working with a Chartered Accountant. As a rule, a Chartered accountant has to be an accredited facility to be allocated FRCs. Each Chartered Accountant is allowed to train 8 FCRs at a time. Under our scheme, a Chartered accountant cannot be allocated more than 17 clients even though this number is limited to 7 for each FRC. The client is allocated for a period of three years.

Explanation for SBO(RSA):

As you are now aware that our ultimate existance is not on the professionalisation of the human kind as it exists in our profession but to a greater extend the entire environment. That environment includes businessess themselves. Businesses will need to qualify as SBO's, that is the Small Business Operations, and will have to be compliant to trade with other businesses. They have a unique qualification criteria. Aim is improve professionalisation and by reducing business harm and dominance in the small business environment. In essesse, the business will have to demostrate that it is the position to trade with others. The qualification is based on the business meeting basic SBO standards.

Explanation for SBP(RSA):

This is a designation obtained by operators of small businesses. The designation is called a Small Business Practitioner of South Africa. It confirms that the operator has met the minimum standards required to operate a juristic person, and he / she understands his obligations and the rights of the juristic person. It is a confirmation that the business is owned by a well-suited and adequately trained professional. Aim is to streghthen confidence levels to all stakeholders that the business is in safe hands. For an SBP(RSA) to be allocated a candidate, the facility must be registered and compliant.

SBP's are only allowed to train 2 candidates in any given 12 months. The SPSA must wait at least one year before he / she can train others, and that happens after the criteria has been satisfied. The SBPSA regulates the qualification criteria to become an SBP. Education / RPL, training and Board exams are required for one to qualify.

Explanation for Shareholder:

In South Africa as a whole, there is no entity that verifies shareholding of the business. i.e. to independently check the shareholding status of a company for business related decision making purposes. With this initiative we are meant first to be entity that will be available to meet all shareholder related situations. This part is meant to improve the knowledge and the role of shareholders both in understanding their responsibilities within their companies and to contribute on the economy of the country. By shareholding we also include the members of close corporations and those of co-operatives. The Companies Act is clear on all aspects of shareholding and the reality is that all of this is unknown, and we seek to teach and educate more on what this entails to avoid small business corporate failures. More than that, most small business shareholders and most other entities in South Africa do not know when one becomes a shareholder and when one ceases to be. There is false belief that a the people indicated as directors on the CIPC are in all instances shareholders of business or by having a share certificate automatically confirms shareholding, yet being a shareholder is obtained by meeting certain process in a certain time. Together with this, their shareholding value either does not exist or undervalued. This part is also introduced to bring awareness on issues of business valuations for purposes of enhancing shareholder's wealth. By registering with us as shareholder means that you will receive personal information about shareholding at large, your business will be valued by a professional valuer who is either a Small or Big Business Valuer. A small business valuer could be someone who has met the competency requirements of being a small business valuer within the context of our association or a Chartered Accountant or Registered Auditor. This will help to print independent and professionally sound shareholder certificates that have basis to be relied on. Finally, getting correct shareholder processes will also enhance government endeavours to uplift small businesses by ensuring that the correct set of individuals is enhanced and for the improvement of wealth management at a small business environment.