GreatSoft tax calculator is browser-based, which means you can login to your secure portal and manage your clients’ tax affairs from anywhere on any device.
As we approach the 2024 filing season, it’s crucial to stay informed about important dates and changes. Whether you’re an individual taxpayer, a tax practitioner, or a GreatSoft system user, here’s what you need to know: Individual Filing Season Dates and Updates Start Date: The official filing season for both provisional and non-provisional individual taxpayers […]
2024 Filing Season Updates and Key Dates Read More »
Introduction: As the 2024 tax filing season approaches, tax practitioners and individuals alike seek efficient ways to navigate the complexities of tax calculations and submissions. Enter GreatSoft Tax, a powerful tax administration system designed to streamline the process for tax practitioners in South Africa. Let’s explore how GreatSoft Tax simplifies tax preparation and submission: 1.
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GreatSoft Draftworx Integration: GreatSoft and Draftworx, two leading software vendors in South Africa for accountants and auditors, have joined forces to enhance efficiency and accuracy in tax compliance processes. This partnership focuses on the seamless integration of Draftworx trial balances into the GreatSoft ITR14 Corporate Tax Return form, saving time and reducing errors for users.
As tax professionals, we understand the complexities involved in calculating taxable income, filing tax returns, and managing client information. GreatSoft Tax aims to alleviate these burdens by providing a streamlined platform for tax practitioners. Let’s explore what makes GreatSoft Tax a game-changer in the world of tax software. Overview of GreatSoft Tax GreatSoft Tax is
GreatSoft Tax: Simplifying Tax Administration Read More »
Supercharge Your Practice Management Skills with Our Virtual Classroom Training Are you ready to take your practice management skills to the next level? We’re thrilled to announce our upcoming Practice Management Virtual Classroom Training, designed to empower professionals like you with the knowledge and tools needed to excel in today’s competitive landscape. In this comprehensive
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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
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 »
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
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SARS has released a letter with regards to the Tax Deductions (PAYE) on Pension or Annuity in order to deal with the individuals who have Pensions and/or Annuity funds. According to the letter, these deductions will be effective from 1 March 2022. Tax Deductions (PAYE) on your Pension or Annuity Where a pensioner has one
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With SARS facing tax revenue shortfalls in excess of R200 billion, the reality is that SARS is under pressure to collect more taxes. And this means more taxpayers will be subjected to tax audits – even if you and your business is 100% tax compliant. SARS have the law behind them. The Tax Administration Act
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