July 2018

Procedural error by SARS let’s a taxpayer off the hook

We often hear about procedures not being followed correctly by SARS, commonly known as due process. But less often about taxpayers’ successfully contesting a decision made by SARS when there are errors in procedure. The fact is that errors ARE made by SARS which can result in the taxpayer’s re-assessed tax bill being invalidated – in other words, thrown out.

Payroll Bureau Service software | Greatsoft

As an accounting firm or practice, one of the ways in which you can grow your business is to create an additional income stream by becoming a Payroll Bureau Service to your existing clients. A good Payroll Solution should make this a reasonably easy process for a practice to manage. GreatSoft clients can now seamlessly …

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Tax Software top tips and tricks | GreatSoft

One of the differences between good Software – and Great Software – is the level of local after sales support and assistance available to you. At GreatSoft our entire focus is on ensuring that you – the client and end user – are making the most of the software that you are using and maximising …

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Accounting & Auditing Humour

A monthly selection to prove that accountants also have a sense of humor…   Q: What do you call a trial balance that doesn’t balance? A: A late night! Four Laws of Accounting: 1. Trial balances don’t. 2. Bank reconciliations never do. 3. Working capital does not. 4. Return on investments never will.   A …

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Six Steps To Help Ensure Your Company Data Security

The recent data breach at Liberty Life highlighted how important it is for all firms to ensure that they have the best possible data security measures in place. This could happen to any accounting or auditing firm, regardless of their size, if they don’t have some basic security protocols in place. Protecting your firms data …

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