Sky Software
Help and User guide

ITR14 Tax Returns

The tax calculation part of SKY Tax fully integrates the ledgers and management of SKY Tax.  The SKY Tax Module will handle individuals, companies and trusts.  This system fully integrates with the SARS E-Filing system in terms of filing tax returns and receiving notices.
By entering the data into SKY Tax modules the data can be submitted straight through to SARS E-Filing where a Tax Form is generated and an assessment is issued.
SKY Tax Calculation system is not only a tax calculation system but a data collection system which will allow you to collect all the necessary data for an ITR14.
You will find it much easier to enter the data straight into SKY Tax rather than go onto the SARS E-Filing system.  By planning the way you do Tax Returns and completing them on the system you will save yourselves a fortune of time.  Based on the research that we have done it will be as much as 40 minutes per tax return per year.
It is important to note that this manual is not a tax reference manual and if you need to clarify any tax issues you will need to go to the Acts and the various text books.
In regard to the ITR14 SARS no longer uses source codes. We however use our own source codes for the purpose of processing trial balances. Most of the source codes that we use are based on the original SARS source codes.
The single most important feature of processing an ITR14 is the processing of the Trial Balance. The trial balance can be entered manually or imported and the completion of the main screen.
4 January 2022