Enroll Course: https://www.udemy.com/course/personal-service-providerspsps-course/
Navigating the complexities of taxation can be a daunting task for any business owner, and for those operating as Personal Service Providers (PSPs), understanding the specific tax implications is crucial. I recently completed the ‘Personal Service Providers (PSPs) Course’ on Udemy, taught by the experienced Ruzel van Jaarsveld, and I’m eager to share my thoughts.
The course tackles a topic that often causes confusion: the taxation of PSPs. Introduced to curb tax avoidance schemes, the PSP classification has evolved to encompass a broader range of scenarios beyond just former employees contracting back with their previous employers. Ruzel’s course does an excellent job of breaking down this intricate subject into digestible modules.
What I particularly appreciated about this course was its comprehensive coverage. Ruzel meticulously explains the definition of a PSP, the various outcomes associated with this classification, and, importantly, how one might exit it. The detailed discussion on deductions available to PSPs, as well as those that are explicitly not allowed, is invaluable for ensuring compliance and optimizing tax efficiency. The course also delves into the implications from a single shareholder’s perspective, employees’ tax on fees, income tax on taxable income, and provisional tax. A significant portion is dedicated to understanding trusts classified as PSPs, a topic that often requires specialized knowledge.
Ruzel van Jaarsveld is a highly knowledgeable instructor. With over 26 years of financial and bookkeeping experience across diverse industries, his practical insights are evident throughout the course. His background as a facilitator for Biz Facility and his extensive experience presenting financial workshops to business owners and corporate staff shine through. He explains complex financial concepts with clarity and provides real-world context, making the learning process engaging and effective.
While the course doesn’t provide a formal syllabus, the content is logically structured and covers all the essential aspects of PSP taxation. It’s a highly recommended resource for freelancers, contractors, small business owners, and anyone who suspects they might fall under the PSP classification. Understanding these tax rules is not just about compliance; it’s about making informed financial decisions for your business. This Udemy course provides the clarity and practical guidance needed to do just that.
Enroll Course: https://www.udemy.com/course/personal-service-providerspsps-course/