At Konsise, we continuously strive to provide our users with the best tools for managing their tax compliance. We’ve listened to your feedback and are excited to introduce several updates that further streamline the tax process, improve performance, and make compliance management even more efficient. Here’s a breakdown of the latest improvements:
Compliance report: Configurable threshold for compliance rules
The latest update allows you to add a minimum configurable threshold to the compliance rules. According to the Tax Administration Act, a minimum outstanding value is permissible before an entity’s compliance status is affected. However, many organisations prefer to maintain a zero-balance policy. This new configuration feature empowers you to set thresholds that align with your internal policies, ensuring your compliance remains as strict or flexible as needed.
Enhanced submission and payment tab
We’ve revamped the VAT Determinations tab, introducing several features:
- Submission capability: You can now submit directly from the ‘Submission and Payment’ tab on a card, making the process more intuitive.
- Handling nil value submissions and refunds: If a submission reflects a nil return or a refund, the system will recognise this and prevent unnecessary payment initiation.
- eFiling submissions: To take advantage of our payment initiation feature, all eFiling submissions must go through Konsise. We’ve added new processes to facilitate this.
- Important dates summary: We’ve introduced a summary view that consolidates submission, payment, and verification dates into a single, easy-to-navigate timeline.
These changes streamline the processing of submissions, refunds, and payments, ensuring smoother tax filing and payment workflows.
Payment tracker updates
With the introduction of payment initiation for VAT, we’ve also updated our payment tracker to reflect payment initiation statuses. This gives you more visibility and control over your payment processes, from initiation to completion.
ITA34C for ITR14 submission status
In the absence of the Statement of Account (SoA) for ITR14, we’ve added the ability to use the ITA34C (Notice of Assessment) to determine submission status. Once an ITA34C is issued, the system will mark your ITR14 as Submitted, at a card level, as well as update your Outstanding corporate tax returns dashboard, removing any ITR14 submissions marked as outstanding. This ensures greater accuracy in your submission tracking.
Multi-threading of data for trackers and reports
Last month, we implemented multi-threading for dashboards, and this month, we’ve extended this feature to trackers, reports, records, and the SARS inbox. This technical update drastically improves data retrieval times, reducing load times and making workflows more efficient.
Faster retrieval of integrated tax filings
In addition to the multi-threading update, we’ve made further improvements toincrease the speed in retrieving the data for tax filings that are integrated across various places in the platform where this data is required.
Connections table update for support
We’ve added two new fields to the Connections table to improve troubleshooting and enhance user support. These fields provide additional information to help our support team resolve integrated-related queries faster, ensuring a better user experience for you.
Temporary disablement of Trust bulk IRP6 submission’s view
We’re adding additional validation checks for trust-related bulk IRP6 submissions. To ensure accuracy and compliance, we’ve temporarily turned off the view for these submissions until the new validation process is fully implemented.
Your feedback on your experience in using Konsise allows us to constantly maintain the application and ensure that any matters identified are timely addressed. With this in mind, we have fixed a number of issues, which have been raised by our clients.
These updates are part of our ongoing commitment to providing efficient, intuitive, and user-friendly tax compliance tools. At Konsise, we’re always evolving to meet our users’ needs, ensuring that compliance is not only accurate but also seamless.
Stay tuned for more updates and enhancements as we improve your Konsise experience.
