Small business owners, who may not have access to computer software for calculating business income and expenses, can now heave a sigh of relief. AccTax Systems has created the solution in a handwritten system that requires no special skills. “If you know how to fill in a Lotto ticket and can use an ordinary calculator, you can use AccTax,” says accountant Christine Parkinson, designer and patent owner of the system. “Too many small businesses are falling foul of the tax laws and suffering heavy penalties through ignorance. Our country has many gifted entrepreneurs who would do different if they knew different. Many business people cannot afford a professional accountant and, as a result, either evade tax altogether, or use under-qualified bookkeepers. Unfortunately, either way, it is the business owner who faces a criminal charge if SARS comes knocking on the door.”
The AccTax kit carefully guides the user from point of sale through simple monthly routines by means of a series of specially designed stationery and step-by-step instructions. If correctly followed, the result is a clear record of business income and expenses in a neat workbook, with supporting documentation retained in a compact storage system the size of a very large shoebox.
Tax returns made easy
Year-end guidelines ensure that the user is correctly equipped with everything required to complete the tax return (including personal medical expenses and vehicle use), as well as a year-on-year record of assets and liabilities as required by SARS.
No bookkeeping experience is required and a step-by-step guide shows how to set up and use the system. All that’s needed extra is a calculator, a pen and common sense. A handy brochure included provides tips on good business practice. The AccTax System can never replace the services of a qualified accountant but does provide a responsible, effective alternative for small business owners. “The best news is that the kit is so affordable, currently retailing at R300,” Christine says.
Users will be kept up to date via SMS of any tax changes, interesting business events or AccTax workshops taking place. Distributor enquiries are welcomed. – Chris Nel
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Contact Auriel Mitchley on (011) 889 0796 or e-mail [email protected].