Drafting SA tax returns in advance of year end

Is there any software that will allow a draft of a SA tax calc pre tax year-end?

Didn't find your answer?

Interested to know - is there any personal tax software out there that will allow you to enter salary, dividends, rentals etc in a draft tax return, before the year end has passed?

 

I'm meeting clients now re 5 April 2022 tax year end. I want to get a draft of their income together to discuss with them.  But Taxfiler won't allow a draft calc to be made because the year end hasn't passed yet. 

 

I could key 95% of the information in right now for my clients and it would give me a good estimate as well as being there ready to finalise once the year end has passed, but it won't let me.   

 

There's ways around it obviously - I just use a spreadsheet or scrap of paper to do the estimate, whatever. 

 

But I find it a waste of time doing manual estimates for clients, then having to key the info to Taxfiler as soon as the year end has passed.  Am I using the wrong software?  

 

Thanks

Replies (6)

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Scooby
By gainsborough
21st Mar 2022 10:38

Most personal tax software allows you to complete draft computations by going into the 21/22 year and putting in the figures, usually a year in advance.

Previous post suggests that Taxfiler allows this as well: https://www.accountingweb.co.uk/any-answers/is-this-a-record-taxfiler-20...

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Replying to gainsborough:
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By jonharris999
21st Mar 2022 11:44

Yes indeed, TF is ready now.

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Replying to gainsborough:
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By Debittomycredit
21st Mar 2022 15:26

Silly me, I asked the question last year and Taxfiler said it couldn't be done. I just assumed this was standard.

So a bit of a roulette then as to when they have this ready each year ...

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By afwdon
22nd Mar 2022 10:24

Taxfiler will give you an estimate of the following year's tax liability when you run the tax computation.

Set up a 'dummy' client, play around with the figures and away you go.

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By Another42
22nd Mar 2022 11:14

TaxCalc has a WhatIf analysis based on last year's tax return but with the option to add all sorts of permutations. It's an add on to the main software though.

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By Catherine Newman
03rd Nov 2022 17:40

I use PTP and I make up names of clients-Mr Whatif, Mrs Whatif, Mr Blank etc and play around with them.

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