The new WinTax2010 and 2011 Income screens are designed to match the look of IRP5 and IT3 tax certificates.  Capture as many Remeration and Income (IRP5) tax certificates and as many Retire or  Retrench Lump Sums (IT3) tax certificates as you wish, for each taxpayer, simply by clicking on the Add button.  Scroll forwards and backwards to display tax certificates, Edit/Alter, Delete and Print.

 

 

 

The medical claim calculator caters for the most complex of scenarios with ease.

 

 

 

 

The IRP5 Medical Aid Fund

contribution claim checker.

 

 

Taxation of Lump Sums from

Retirement Funds.

 

 

The CGT Register & Calculator allows you to enter as many Capital Gain transactions as you wish.  You may also register unsold assets which may attract CGT when disposed of in the future.

 

Income from Local business/trade or profesional income (screen 1)

 

Income from Local business/trade or profesional income continued (screen 2)

 

Travel claim calculator

 

Foreign income

 

Some of the different financial

calculators available in WinTax.

 

WAM (WinTax Admin Manager)

search options.

 

 

 

 

  

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South Africa has the most complex tax laws of any country in the world - tax laws so complex it is common knowledge that even SARS have been known to struggle with many of their own tax calculations!

 

If you, as a tax practitioner, are only interested in submitting taxpayer's returns and you are not concerned whether your client's will get money back or have to pay in then SARS eFiling system will do you nicely.  If however, you need to work out exactly how much tax your clients are due back as a refund, or exactly how much they will be required to pay in, then you need WinTax.  If you need help with complex tax calculations to reduce your client's tax committment to the absolute minimum required by law then you will find WinTax absolutely invaluable! See what our users have to say.  You can rely on WinTax to deliver 100% correct answers to all of the most complex tax scenarios and tax calculations.  Huge multi-national financial institutions rely on WinTax to do the tax for their clients every year for the past 10 years.  Shouldn't you be thinking along the same lines?  WinTax for the tax years ending Feb 2009, Feb 2010 and Feb 2011 are also available in network versions and whether you buy a standalone version of WinTax, or a multi-user WinTax NetWork system, there are no restrictions regarding how many tax assessments you may save in the WinTax database.  WinTax turns your pc into a tax expert and helps you get the biggest refund possible.

 

We offer two WinTax programs...

Note that the WAM program is actually WinTax Pro with an optional extra administration program.

 

The Medical Aid Contribution claim calculator in WinTax is invaluable and easily handles the most complex medical aid contribution split scenarios.  The calculator processes amounts on the IRP5 and automatically calculates your medical claims and enters your medical claims on the Deduction screen for you.  You simply enter amounts from the IRP5 such as codes 3810, 4474, 4005, 4040, 4025 etc and WinTax shows your claims in an instant!  WinTax will even examine the amounts you enter off the IRP5 for medical codes and warn you of possible errors! When you consider that so many IRP5's are wrong, this feature alone is invaluable!  This screen allows you to calculate medical deduction claims for the most complex medical aid contribution claim scenarios.  While producers of other tax software programs seem unable to get many of these complicated medical claim calculations correct and even SARS's seems to be struggling with their own medical claim calculations, WinTax gets them 100% right every time (including the 7.5% taxable income rule!).  Play around with this screen for a few minutes and you will have a better understanding of how the new Medical Aid Contribution laws work.

 

Another invaluable addition to WinTax Pro and WAM is the Monthly Payslip and IRP5 Checker to verify medical  code amounts on payslips and on IRP5's.  The new medical laws are possibly the most difficult-to-understand tax legislation introduced in many years and SARS has passed the responsibility for getting these calculations correct onto employers.  Employers are generally not tax experts and, understandably, many employers are getting these calculations wrong.  As a tax consultant, you simply cannot take it for granted that annual medical codes and amounts on an IRP5 are correct.  Even SARS agrees that most of them will not be correct.  Legislation dictates that capped amounts, premium splits and fringe benefit amounts are worked out on a monthly basis and, because any of these factors can change from month to month, you can no longer verify that the annual code amounts on an IRP5 are correct without checking the monthly amounts.  This new calculator will be invaluable to any consultant not only  for checking payslips and IRP5 but for giving advice to employers on how to compile these certificates!  These calculators are a Godsend for checking code 4486 medical capped amounts as well as other IRP5 codes like 4025, 4474, 3810, 3813, 4005 etc.

 

Brand New!

WinTax2010 and WinTax2011 cater for the latest laws announced in September 2009 regarding the taxation of lump sums taken from Retirement Funds, including those taken at resignation, retrenchment withdrawals, retirement, multiple lump sums in multiple years or a single year etc  The new "aggregate" method of taxing these lump sums is more than complex but WinTax handles it all with the greatest of ease!

 

WinTax Pro and WAM also cater for the admin and taxation of Trusts where you can store all Trust info like Capital Gain assets and sales, trustee's and beneficiary's details, details of distributed income (who got what and how much), income and expenditure statements which cross-check to see that you have not paid out more (interest, exempt, taxable, CG income etc) to the beneficiaries than the Trust earned.  All tax calculations including Provisionals etc, done for you. Direct your printouts to the printer or to a word processor where 90% of the financial statement is laid out for you!

 

WinTax remains the only tax software in South Africa with a comprehensive Capital Gains Tax register and calculator for both local and foreign capital gain transactions! Other tax programs costing twice as much as WinTax do not even have a CGT register and calculator!  WinTax CGT calculator will show you which of the three methods allowed by SARS would give you the lowest Capital Gain amount for tax. Make a mistake by choosing the wrong option with a CGT calculation and it could cost you plenty.  This feature, alone, could save you many tens of thousands of rands in unnecessary tax.

 

We can supply copies of WinTax going back many years!

 

Note also that we offer network versions of both WinTax Pro and WAM.

 

Some of the features and options offered by all WinTax & WAM programs are as follows...

 

With so many new changes to tax laws, how confident

will you feel without a copy of WinTax on your pc?

 

Some of the many financial calculators that are included on the WinTax menu are...

 

If you have any queries regarding any of our software products then please don't hesitate to contact us

 

 

 

 

We take Visa & Mastercard!