News

Tax technology: The future of the VAT function
April, 2019 No Comments News
The tax function faces constant pressure to meet increasing tax compliance and regulatory demands in shorter time frames requiring continuous improvement. Increasingly, tax professionals are looking to technology for help to manage these challenges. From data collection, analysis, compliance and audit reporting, tax technology solutions may hold the key ...
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Why your revenue doesn’t reconcile to output VAT
January, 2019 No Comments News
From a financial perspective, your output VAT grossed up should equal one’s revenue amount, right? Mathematically it is expected, but in practice there are many reasons that it will not work on the first attempt and we see these issues at every one of our clients: Exempt or zero-rated ...
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When to use a VAT reclaim company
November, 2018 No Comments News
VAT professionals generally identify VAT service providers as either consulting firms, that assist with providing tax opinions and compliance functions, or VAT reclaim companies, that assist in getting money back from the revenue authorities. But where exactly do VAT technology providers such as VATSURE fit into this picture? Our ...
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Why use Technology rather than a Big 4 audit firm
October, 2018 No Comments News
The Big 4 audit firms first and foremost offer external audit, but they also have other service lines namely tax, risk and advisory. The tax service line is further split into two categories: VAT and Tax Compliance: such as submitting returns. VAT and Tax Consulting: such a drafting a ...
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TAX INDABA 2018. We’ll be there will you?
September, 2018 No Comments News
5 days, 1 800 delegates and 50+ tax topics culminate in the 2018 Tax Indaba which will be held from 10-14 September 2018 at the Sandton Convention Centre. The Tax Indaba is now the largest annual gathering of tax professionals in the country, bringing together the entire tax community ...
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Trade Tax Plus, free with VATSURE
August, 2018 No Comments News
TradeTaxPlus, Centre of Excellence was founded to address four major challenges in the tax consulting environment: utilisation of the knowledge and experience of seasoned tax professionals use of technology to enhance efficiency and connectivity supply of top quality technical support at affordable prices adoption of a community approach amongst ...
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It’s not always about the money
July, 2018 No Comments News
A popular misconception when considering VAT assurance technology is that the data-driven approach to automated transaction monitoring, especially when it comes to VAT compliance, is going to be expensive, complex, and disruptive to implement. With many finance teams already using all their resources just to meet their business support, ...
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Why now is the best time to get VAT software
July, 2018 No Comments News
When the economy is in a downturn, tax collections come under pressure and SARS audits increase. The likelihood of being selected for an audit increases significant for all VAT vendors especially where a refund is due. Coupled with this, there is an expectation that your response to a SARS ...
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How to build a business case for VATSURE
July, 2018 No Comments News
There’s never a good time to “buy software,” but it’s always a great time to make a rewarding investment! Over the years our team has had the privilege of working with some of the brightest audit, governance, risk, compliance and finance professionals in the world. All too often they ...
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