TAXFUSION
Aimed at environments that process large volumes of financial investments
It is designed to address the shortcomings that are traditionally found in the data produced by asset management systems when the data is required for tax purposes.
The many different taxes in South Africa each have their own unique legislative provisions and requirements that are not always fully met by traditional data sources. TaxFusion acts as a middleware solution between source and tax systems in order to bridge any gaps in the required information. TaxFusion, however, goes much further than a traditional middleware solution and also provides functionality that facilitates reporting, increases flexibility and delivers a controlled environment to produce the various required tax reports and returns.
Benefits of TaxFusion
Our Tax Consultants are qualified Chartered Accountant and have extensive tax consulting experience in the financial sector.
Our services around the taxation of financial instruments therefore extend further than our software solutions. It also includes the following consulting services:
- the audit of the calculations produced by tax solutions;
- the preparation of data and the migration thereof to a tax software solution;
- the preparation of a detailed specifications for in-house tax software solutions;
- the preparation of correspondence with SARS regarding interpretation issues;
- the preparation of test packs for tax software solutions;
- providing an outsourced service for the calculations of tax figures on a periodic basis (as required);
- the monitoring of new legislation and the assessing of the impact thereof on tax solutions;
- presenting new legislation changes in a seminar to tax system users; and
- providing corporate action information for the proper classification and treatment of transactions.