GreatSoft Tax: Simplifying Tax Administration

Written by:

Zandre van Rooyen

Zandre van Rooyen

I am a Tax Specialist / Product Manager at GreatSoft located in the Cape Town office.
Tax software South Africa

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 a high-performance tax administration system designed to assist tax practitioners in preparing and submitting tax returns to the South African
Revenue Service (SARS). Here are some key features:

  • Browser-Based: GreatSoft Tax operates entirely within your web browser. Whether you’re at the office or on the go, you can securely manage your clients’
    tax affairs from any device.
  • Seamless Integration: The software interfaces directly with SARS e-filing, allowing you to request, prepare, and submit various tax returns:
    1. Individual Tax Returns (ITR12)
    2. Companies Tax Returns (ITR14)
    3. Trust Tax Returns (ITR12T)
    4. Provisional Tax Returns (IRP6)

How GreatSoft Tax Works

Data Retrieval

  • SARS eFiling Integration: GreatSoft Tax simplifies data retrieval. You can download your clients’ tax assessment information directly from SARS eFiling.
  • Third-Party Data: Pull 3rd party data from SARS, including IRP5 certificates, medical certificates, investment income, and retirement annuities. GreatSoft Tax uses this data to calculate your client’s tax return.

Calculations and Submissions

  • Efficient Calculations: Once you’re satisfied with the calculations, submit the returns back to SARS. Submissions can be done in bulk, saving you time and
    effort.
  • User-Friendly Interface: GreatSoft Tax offers a logical and user-friendly interface. You’ll find all the tools you need for tax processing, filing, and reporting.

Reporting

  • Status Reports: Keep track of the status of returns using relevant reports. Know where each submission stands and stay informed throughout the process.
  • Assessments and Correspondence: Import assessments and other correspondence issued by SARS. Compare assessments with the tax return to
    identify any discrepancies.

Benefits of GreatSoft Tax

  • Time Savings: Minimise manual data entry and reduce errors. GreatSoft Tax streamlines the entire process, allowing you to focus on providing exceptional
    service to your clients.
  • Centralised Database: Manage all client data in one central database. Say goodbye to scattered spreadsheets and disconnected systems.
  • Affordability: GreatSoft Tax is cost-effective and offers an exceptional user experience.

Conclusion

GreatSoft Tax empowers tax practitioners to work efficiently, comply with SARS regulations, and serve clients effectively. Whether you’re a seasoned professional or
just starting your practice, consider integrating GreatSoft Tax into your workflow. Your clients—and your sanity—will thank you!

For more information, visit the GreatSoft website.

Remember, even though we’re talking taxes, it doesn’t have to be taxing!

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Book a session with us

Find out how to protect your clients' data, avoid losing confidential information, harness powerful marketing tools and increase customer retention

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