Tax compliance
Introduction In an era of relentless technological advancements, artificial intelligence (AI) has emerged as a game-changer across industries. The finance sector, in particular, has witnessed a profound impact, with AI revolutionising various aspects of corporate finance. One area where AI’s potential shines brightly is corporate taxation. With its ability to analyse vast amounts of data, […]
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Streamlining Tax Management Processes and Empowering Businesses [Johannesburg, 03 July 2023] – Konsise, a South African-developed tax management and tax compliance platform, hosted a highly informative webinar on 9th May 2023, where they introduced an exciting update to their user interface and demonstrated enhanced functionality and capabilities for efficient company tax management. Watch Konsise Autumn […]
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There is a new software category that focuses on helping tax responsible professionals to plan, organise and submit their tax obligations all in a single platform. This software category is called Digital Tax Management Software (DTMS). This ebook is a guide to help tax and finance managers understand what functionality should be available to you in an DTMS and what you should be demanding from your service provider.
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Discover 9 things that could be WRONG with your VAT data and submissions.
For the past 25 years, the accounting & business tax industry in South Africa has been slow to adopt technological advancements, with paper ledgers transitioning to spreadsheets and eventually cloud-based databases. However, the increased use of artificial intelligence (AI) and other automated processes is expected to change the role of accountants & tax professionals within […]
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All companies operating in South Africa, including small, medium and micro enterprises (SMMEs), must remain tax compliant with the South African Revenue Service (SARS). For many proactive tax compliance can be time-consuming and burdensome, often appearing expensive. Non-compliance however can be catastrophic. Penalties can be crippling, leading to legal action and, in extreme circumstances, jail […]
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Introduction to tax compliance automation The COVID-19 crisis has accelerated the adoption of digital technologies, and companies that haven’t started their journey with tax automation are realising it’s time to leave behind static spreadsheets in favour of smarter, more innovative tools. If your company is still biding its time, here are four reasons why it’s […]
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What is tax digitalization? Tax compliance digitalization is the integration of technology including software and digital tools, to automate and streamline tasks related to managing and complying with tax regulations. This includes activities such as preparing and filing taxes, tracking compliance, and analysing and managing tax data. The purpose of digitalizing tax compliance is to […]
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Running a business in South Africa is a challenge at the best of times but SARS deadlines can seriously have you pulling your hair out. The South African Revenue Service (SARS) has become increasingly more stringent with their rules and procedures, so the smallest mistake can really cost you in terms of penalties and wasted […]
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Optimizing your digital tax workflow management involves integrating various factors to streamline the process of managing your tax responsibilities. This may involve delegating specific tasks to different team members and having clear procedures in place. The use of digital tools, such as accounting software and Digital Tax Management Software (DTMS), can greatly enhance efficiency and […]
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Managing tax for multiple entities is a difficult, manual, and time-consuming process. Usually, the process or tax workflow between teams requires a manual setup or multiple unspecialised applications to offer you specific functionality. For example, using Outlook for communication and file sharing, SharePoint for “secure” file storage, Excel/Spreadsheets for calculations and sometimes even deadline tracking. […]
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SARS eFiling enables any person to use the SARS website to verify the tax compliance status of your company and third parties.
There are differences between Tax Compliance Software and Tax Management Software, but they do look similar, that’s because there is indeed some overlap.
Digital disruption and remote working have changed the workplace forever and ready or not, the tax function is rapidly becoming digital too. Konsise is Digital Tax Management Software (DTMS) that helps companies manage their entire tax process. Konsise offers a single integrated platform that gives you the ability to manage multiple tax types including, VAT, provisional tax, employee tax and corporate tax.
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Konsise’s tax compliance software assists finance professionals in the day-to-day management of their tax preparations, filing submissions and record…
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