Cloud business management solutions provider Sage, has announced the release of VAT eFiling for Sage Business Cloud Accountants Edition, available to all accountants.
In a statement, Sage says one of the most significant pain points for accountants is manual VAT submissions. But automated VAT 201 revolutionises submissions, aiding the company’s objective of streamlining compliance and reducing the need for manual data entry for its accountants and their customers.
Digital submissions will enable accountants to easily prepare, submit and track their VAT 201 declarations to SARS eFiling without leaving the Sage Accounting solution, adds the statement.
It allows accountants to manage their small business customers from one central location, which increases efficiency, reduces admin, uses fewer resources, and minimises errors.
“We are always looking for ways to automate more processes and help accountants use their time more effectively so they can spend more time advising customers and growing their practices. Through streamlining VAT submissions, we save accountants time while improving the accuracy of a critical compliance process, said Viresh Harduth, VP, Small Business: Africa and Middle East at Sage.
“In close collaboration with tax authorities worldwide, Sage is at the forefront of the global shift towards the digitisation of tax. As we remove more manual processes from compliance, we make it faster and easier for accountants and businesses to file submissions.”
The flexibility of the Sage Business Cloud environment allows accountants and small businesses to automate multiple, mundane administrative tasks on demand and via the cloud, explains Sage.
They can, for example, automate data capturing using AutoEntry, automate bank feeds thanks to partnerships like Sage’s FNB direct bank feed, and now connect to compliance capabilities that ensure VAT submissions are completed on time and in accordance with the latest local regulations.