Streamline Company Provisional Tax Reporting

Navigating company provisional tax reporting has become more streamlined with Konsise, a tax management platform allowing users to generate detailed reports for various entities easily. Among its offerings, the Company Provisional Tax Report stands out for its comprehensive approach to tax tracking, allowing businesses to pull in and analyse multiple financial years’ worth of data.

The report breaks down crucial information, including the first, second, and third provisional tax payments and any additional top-ups. It also provides detailed insights into the dates of these payments, any penalties incurred, and interest accrued.

 A unique feature of this report is its ability to represent provisional payments over time visually. Users can view payments by period, with graphs that can be exported in multiple formats, such as JPEG, for seamless integration into external reports or presentations. In addition to graphical data, Konsise provides a detailed tab, which houses more granular information, including submission dates, payment values, and a summary of all provisional tax information.

Konsise’s integration with SARS also ensures that users can stay updated. By clicking “Request Statement of Account,” the system fetches the latest Statement of Account (SOA) from SARS, ensuring that the provisional tax summary report remains current and accurate.

 Ultimately, the Company Provisional Tax Report in Konsise acts as an essential tool for businesses, providing a complete summary to assist in reporting to finance, audit, or tax committees. Traditionally a manual process, Konsise automates and simplifies this crucial tax function, making it easier for businesses to maintain control over their tax obligations.