GreatSoft’s team of experts in the accounting and auditing industry provides advice, guidance and recommendations to help you and your business.
In this dynamic world we live in, Accounting firms face various challenges. Some of them may be easy to navigate and others could hinder growth and efficiency. The ever changing regulations and managing client relationships can be overwhelming. This is where GreatSoft can support you. As a leader in accountancy CRM, we have a wealth […]
GreatSoft Solutions That Will Benefit Your Accounting Practice Read More »
What is Beneficial Ownership (BO)? Not completely sure what it means? Well, you’re not alone. Many have been enjoying the benefits of owning a business with no legal attachment to it. These individuals are beneficial owners. Still not sure what we’re talking about? Consider the following: Depending on the agreement of ownership, a beneficial owner,
Unlocking Beneficial Ownership: The Rules and Impact on Companies Read More »
Artificial Intelligence (AI) has made a notable impact in society. It’s all everyone’s talking about and rapidly transforming how businesses operate. While it may reshape certain jobs, it’s also creating new roles. The way it automates certain tasks, has resulted in enhanced productivity. Many people regard AI as a software for IT departments in large
The Role of AI in Accounting Practices Read More »
Are you tired of dealing with mundane tasks? Constantly consumed with mindless paperwork? “Time is what we want most, but what we use worst” – William Penn Running a business requires hard work. Besides dedication, it also requires time. Balancing responsibilities and making tough decisions can be demanding. Reducing or eliminating tedious duties can enhance
Moving from Paper to Digital Mastery Read More »
During a meeting in February 2020, SARS unveiled its plans for the “SARS Vision 2024 PIT” project. Various payroll bodies provided inputs to the SARS Vision 2024 PIT team during this meeting. These inputs highlighted crucial aspects of payroll processing and employment taxes. The goal of these documents was to give SARS a better understanding
Payroll Software As a business owner, you understand the importance of having an efficient payroll solution in place. A good payroll system, like GreatSoft Payroll, not only ensures that your employees are paid on time but also helps to keep your business compliant with tax laws. However, as your business grows, you may find that
Outgrown your current payroll solution? Start thinking of switching to a better one Read More »
Trusts are still largely unregulated, which frequently leads to their abuse. The Courts and SARS are, however, becoming impatient with trustees and trust service providers. In July 2021, SARS presented a webinar on Trust and Tax Obligations. SARS’s nine objectives were communicated and included the following: SARS will make non-compliance difficult and costly; They are
‘Real-time’ reporting to SARS on trusts? Yes, maybe Read More »
What is phishing? At some point in time anyone that uses email, whether in a personal capacity or within their organisation, would have encountered a phishing email. The first recorded use of the word phishing according to Wikipedia, was in 1995. Gone are the days when these email attacks consisted of crudely put-together attempts to pedal
The dark waters of Phishing Read More »
UIF Introduction Every business owner in South Africa, whether you are a new start-up or small business, you have probably heard of all the governing bodies you need to register with such as SARS, COIDA, POPI & UIF. It is not just the company that needs to be registered with these statutory bodies, but also the
Unemployment Insurance Fund (UIF) What you should know! Read More »
News Article – SARS Notice: Auto Assessment rules for 2022 Payroll system functionality traditionally ends with the creation of tax certificate files for submissions and reconciliation and does not extend into income tax assessments and related processes. However, the notice from SARS outlining the latest auto-assessment rules is of direct importance for employees (taxpayers), and
What you need to know about SARS auto assessment Read More »
