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 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.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Walker wants to ‘explore’ Man City exit – Guardiola
6 hours -
Ejura Sekyeredumase MP demands autopsy on resident who died in Police custody
8 hours -
Kusaas Diaspora Union launched to spearhead global unity, development
9 hours -
Bright Simmons: Mahama’s reduction of ministries to 23 amid calls for efficiency, cost-cutting
10 hours -
Maxwell Hanson seeks apology and compensation from Anim Addo over defamation claims
10 hours -
We listen, we don’t judge: What they don’t tell you about being an entrepreneur
11 hours -
Mahama orders Lands Commission to halt sale of State Lands
12 hours -
Chiesa on target as Liverpool ease past Accrington Stanley
12 hours -
Everton appoint Moyes as manager for second time
12 hours -
WACCE describes 2024 elections as one of the violent, deadliest in the 4th Republic
12 hours -
Volta Region movie industry stagnated, needs investors to push – stakeholders
12 hours -
Petition against Chief Justice reflects broader public concerns about Judiciary – Joyce Bawa
12 hours -
Northern Ghana won’t experience fuel shortage – NPA assures
13 hours -
Calm restored in Ejura after mob attack on Police Station
13 hours -
18-year-old herdsman remanded over murder of younger brother
13 hours