The SKY Tax Module will handle individuals and integrates with the SARS E-Filing system.You can now do all the processing from one screen!
By retrieving the return from SARS the pre-populated data will be available in the tax return. The rest of the data must be input into SKY Tax's modules and once finalised can be submitted straight through to SARS E-Filing.
The SKY Tax Calculating system is not only a tax calculation system but a data collection and a communication system with your clients which will allow you to collect all the necessary data, income and deductions for the tax return over a period of time.
You will find it much easier to enter the data straight into SKY Tax rather than go onto the SARS E-Filing system. By planning the way you do Tax Returns and completing them on the system you will save yourselves a fortune of time. Based on the research that we have done it will be as much as 40 minutes per tax return per year.
It is important to note that this manual is not a tax reference manual and if you need to clarify any tax issues you will need to go to the Acts and the various text books.
In regard to the ITR12 the whole system is based on source codes which appear on the tax return. SKY Tax has a pre-configured source code data base which is updated by us when we are notified of any changes by SARS.
In the event that you have a source code missing please advise support.
The screen above indicates the one screen approach to ITR12s. All aspects of the ITR12 process can be run from this one place. In order to see more then look at the structure of the ITR12.
The function wheel drives many aspects of the tax return in bulk.
