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The Dangers of DIY Tax: How to Avoid Disaster

Posted 17 November 2016 under Tax


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Have you ever started one of those ‘oh, this’ll be easy’ Do-It-Yourself jobs, only to find yourself utterly frustrated half-way through wondering - what was I thinking? Pieces of wood cut just a few millimetres short of what they should’ve been. Holes drilled in the wrong places. Screwdrivers in every size except the one you need, missing bolts or the wrong colour paint! These DIY disasters can land up costing you much more time and money to salvage (or in the worst-case scenario – start from scratch) than it would’ve if you’d hired a professional to do it for you from the get-go.

It’s a situation we see time and time again: Taxpayers who’ve used free, go-it-alone methods to do their tax return and who land up with their taxes in a mess. The main concern with this method is that there’s little in the way of guidance or prompting within the system, telling you exactly what you’re supposed to be filling out at each point, or what values you need to declare where. It’s exceptionally easy to make errors or omissions, and the scary part is that incorrect or incomplete tax returns can amount to penalties and administrative pain in the long run.

Did you know that SARS can penalise you with something called ‘unforced errors’? Legally, the onus is on you to have sufficient knowledge and understanding of the complex tax regulation and SARS guidelines to complete your taxes accurately. I’m not telling you this to create undue stress and panic. I’m telling you this because it happens – and it doesn’t need to!

Enter TaxTim - DIY Tax With a Difference 

TaxTim combines the ease and convenience of the DIY approach of filing your tax return online, in your own time, with the expertise of a professional tax specialist who will guide you step-by-step through your tax return in plain English.  

Instead of leaving you to work your way through a bunch of blue blocks, TaxTim will ask you simple questions and use your responses to fill in your tax return document, with all the amounts in the right place. He’ll also make sure you’ve claimed for every possible deduction available, based on your tax profile. These deductions reduce the amount of tax you’re liable to pay, and may lead to a refund being owed to you.

TaxTim is also designed to ensure your tax return is completed correctly and complies with tax legislation and SARS guidelines. The system automatically runs multiple checks on source codes and values to see that all information submitted matches up and corresponding sections are complete. This process offers you peace of mind that you’ll never receive a penalty from SARS for a non-compliant tax return.

Get Your Tax Done with TaxTim Now

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Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

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Got a question you want answered about tax?

Visit our helpdesk →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE