GreatSoft News
Unlocking Beneficial Ownership: The Rules and Impact on Companies
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,
The Role of AI in Accounting Practices
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
Moving from Paper to Digital Mastery
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
2024 Filing Season Updates and Key Dates
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
Beneficial Ownership (BO)
The BO Deadline has come and gone, are you compliant? From the 24th of May 2023, the implementation of Beneficial Ownership filing on the anniversary of a company’s incorporation was made official. What we did not realise was that the filing of Annual Returns and Beneficial Ownership would go hand in hand, with Beneficial Ownership
Simplifying Tax Preparation with GreatSoft Tax Software
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.
