Tax software – Brisbane, Toowoomba, Australia

Tax Software ensures tax compliance for income tax, corporate tax, VAT, service tax, customs, sales tax, use tax, or other taxes its users may be required to pay. The software automatically calculates a user's tax liabilities to the government, keeps track of all transactions (in case of indirect taxes), and keeps track of eligible tax credits, etc. The software can also generate forms or filings needed for tax compliance.

The Tax Software will have pre-defined tax rates and slabs and can allocate income or revenue in the right slab itself. The aim of the software is to provide the user with easy way to calculate tax payments and minimise human error.

Tax compliance software has been present in developed countries for many years, in the form of tax calculators, used mainly for direct taxes, such as income tax and corporate tax. Over time, tax became more complex and customised software was designed and developed by organisations around the globe.

Tax compliance software can be divided into two main categories:

• Direct Tax Compliance Software
• Indirect Tax Compliance Software