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IRS develops Tax Helper Software for prompt submission of tax returns

GNA
31 July 2010 | Business & Finance

Takoradi, 30, GNA - The Internal Revenue Service (IRS) has designed and developed a Tax Helper Software to facilitate prompt submission of tax returns by taxpayers and clients.

The application of the software system, dubbed, (Pay-As-You-Earn) facilitates the processing of tax returns and produces accurate calculation as against using either the excel method on the computer or manual calculation, Mrs Freda Badger, the District Manager of the IRS, in Takoradi, stated on Thursday.

She was addressing a workshop to sensitize tax payers in Small and Medium Enterprises from the Western Region on the application of the software.

Mrs Badger noted that though the system was introduced, a year ago, to assist taxpayers in the preparation of the monthly returns, patronage was still low.

The District Manager said the change in the Social Security Rate from five to 5.5 percent and the introduction of new tax rates by the IRS should compel the tax payers to apply the innovative technology for faster processing of the returns.

Mr Patrick Danso, Information Communication Technology (ICT) analyst of the IRS, took the participants through the application of the software and urged the management staff of their Enterprises to ensure that their accountants applied it to solve the problem of underpayment and other mistakes.

He said the software system would also help address the imposition of penalties caused by undue delay in the submission of tax returns.

GNA

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