Audio By Carbonatix
The Internal Revenue Service (IRS) has designed and developed a software to assist tax payers in the compilation of their income tax returns.
Christened "IRS Tax Helper", the software has minimum compliance cost to the tax payer, convenient in complying with obligations and would respond rapidly to their requests for documentation that facilitates their businesses.
It would also help tax administrators to control the processes and machinery in optimizing revenue from income tax and increase the quality of service to tax payers by reducing the time of processing the returns.
During a workshop to introduce the new software to employers and related institutions at Wa, Mr Patrick Danso, a resource person, said it had been observed that Pay As You Earn (PAYE) returns are often wrongly computed as a result of application of wrong tax rates.
He said the new system would, apart from easing the difficulties of tax payers associated with the compilation of income tax returns, also eliminate delays in the filing of these returns.
Mr Danso noted that the software was developed with support from development partners as part of the National Medium Term Private Sector Development Strategy (PSDS) which was launched in 2004 to provide support to IRS and other ministries, departments and agencies.
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:
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.
Latest Stories
-
Labour Minister wants SOEs to help shape new public pay system
1 hour -
IPEC will ensure Equity and Sustainability in SOEs Compensation
2 hours -
White House bars CNN from travelling with Trump on Air Force One
2 hours -
Fennis wins second consecutive ITF J60 title in Accra
2 hours -
Spain beat England in thriller after Kane penalty miss
3 hours -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
3 hours -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
3 hours -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
3 hours -
‘Is EOCO responsible for determining lawyers’ fees?’ – Baffour Awuah
3 hours -
David Beckles claims second J60 Accra title
3 hours -
No France cocaine suspect linked to Mahama, Vice President’s security details – NACOC
3 hours -
Anwelle Foundation launched in Jirapa to tackle poverty, youth unemployment
4 hours -
Joy Sports Editor Fentuo Tahiru Fentuo to moderate inaugural Music Meets Football Summit in Zambia
4 hours -
Court premises too volatile for Baffour Awuah’s attempted arrest by EOCO – Inusah Fuseini
4 hours -
Drug bust: Under no circumstances will NACOC leadership be compromised – Twum-Barimah
4 hours