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ACCFINS Tax System Will Save You 50% Of Your Tax Compliance Labour

12 November 2012   (0 Comments)
Posted by: Author: Mark Silberman
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ACCFINS Tax System Will Save You 50% Of  Your  Tax Compliance Labour

Totally Integrated Solution
Accfin is the only company that offers a totally integrated software solution for your tax department.Our tax management,tax preparation and eFiling interface are in fact one software program.This means that through our product Tax Advisor you can prepare the tax return with all the supporting schedules. Start off by downloading the tax return and the IRP5 data foryour whole client base.Enter the rest of the data and then go through a review and a signing process by moving the tax return around the office electronically.When signed off by simply clicking a button you can submit thereturn electronically to SARS in seconds.This saves you having to go onto the SARS eFiling web site and recapturing the data.

Our system does not stop there because when SARS processes the assessment our management system,Tax Manager will receive the tax assessment from SARS in an electronic format and will produce a daily assessment difference report.The Question is how many tax assessments have you missed and how many times does your client get the dreaded call from SARS about money owing and your firm does not even know about it? What’s more is that you will receive the assessment notice and balance of account notice in PDF format which will be downloaded to a folder on your system with a link for easy accessibility - one click to open, and you still have not gone on to the SARS eFiling website!

Time Saved
Let us just take the actual preparation of a tax return.The question is if you are not using our system how many times do you have to load the return on the SARS eFiling website before you finalize and sign off.How many times do you have to load data into some software system in order to do the preparation and calculation?

We can guarantee a saving of 40 minutes per taxpayer per year.Now if you work out on average a charge out rate of say R300 per hour including costs the saving on 1000 taxpayers will be R200,000 on your work-in-progress ledger. Surely this makes you think! Note that we handle IT14’s, IT12’s and Trusts. We even import the trial balance from popular working paper systems which will allow you to produce an IT14 in 5 minutes flat.

If you have read this far I am sure by now you are getting the message and I think that you should be looking to atleast have a look at our product to see how much money it can save you!

For more information please visit our website at www.accfin.co.za

Source: By Mark Silberman (TaxTalk)


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