Industry News

The official GreatSoft blog, exploring everything from our culture of innovation, social responsibility initiatives, company news, deep dives into emerging tech, small business resources, and more.

Beneficial Ownership

Ensuring Compliance – Streamline Beneficial Ownership Reporting with GreatSoft Sec

Are you prepared for the evolving landscape of beneficial ownership reporting?  We all understand the critical importance of staying ahead of regulatory changes to ensure compliance. With the recent updates in beneficial ownership regulations, it’s essential to equip your organisation with the right tools to navigate these requirements seamlessly. Background In April last year, the …

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Microsoft Azure Single Sign On - GreatSoft

Microsoft Azure Single Sign-On for GreatSoft CRM

Introducing Microsoft Azure Single Sign-On for GreatSoft CRM. We are pleased to announce that GreatSoft CRM will, in it’s upcoming release, support Microsoft Azure single sign-on using Azure Active Directory authentication both for our cloud hosted and on-premises customers. How far we have come Over the past year, since the South African government declared a national …

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Tax Relief Measures – Draft DMTR Bill Impacting ETI

Changes to the ETI Act The changes to the ETI formula is valid as of 1 April 2020 and will end 31 July 2020.: The proposed amendments that impact on payrolls and employers are summarised below. The formula bands for employees aged 18 to 29 years who have qualified for less than 24 months have …

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Slow internet for SA!

Slow internet for SA! things to know about our “sea cables” South Africa’s internet is propped up by a series of underwater cables in the middle of the ocean, so when two major cables connecting us to European networks had both suffered major technical issues, South African internet users have unfortunately been experience very slow …

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Industry 4.0

Industry 4.0 – How is it shaping the Accounting Industry?

The world has changed The world has changed. We work with a young generation. We have reached the end of a cycle, everything has matured, we see full adoption of Mobile phones and social media. All customers are digitally connected, online the entire time. So, looking forward we are looking at a new phase, it’s …

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parental leave

Parental / Adoption and Commissioning Leave Update

Parental Leave background On 27 November 2018 the President signed the Labour Laws Amendment Act into law. It had the effect of amending the Basic Conditions of Employment Act including by introducing Parental Leave (1), Adoption Leave (2) and Commissioning Parental Leave (3). The amended BCEA now permits fathers to take ten consecutive days of …

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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.

IAASB – auditor reporting on special purpose financial statements

The International Auditing and Assurance Standards Board® (IAASB®) last week released proposals to enhance auditor reporting on special purpose financial statements. The Exposure Draft includes changes proposed to ISA 800, Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks, and ISA 805, Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts …

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