Ever had a prospective employee tell you he needs a certain "take home" salary, and have you wondered, with fringe benefits like medical, travel allowance, company car, pension and R/A deductions, UIF, skills levy etc what gross salary do you pay him? Trying to do this calculation manually seems impossible; change the salary and the pension changes which means the tax changes, the UIF changes etc etc. BackTax works forwards or backwards, monthly or annually, whether you want to calculate gross salary or net salary. BackTax displays two columns and shows the all-important "cost-to-company" bottom-line figure. Working forwards, you enter the total salary package and BackTax works out all deductions for you. You can then change travel allowance and fringe benefits to suite and BackTax recalculates all deductions like pension, UIF and tax etc to show net salary.
BackTax has to be the ultimate in salary-structuring software and shows you everything instantly. It calculates backwards or forwards in a second and also shows you exactly what it costs the company to employ him showing absolutely everything like fringe benefits, possible contributions towards medical and pension, UIF, the new Skills levy etc! It has never been easier to structure salaries, fringe benefits and deduction; BackTax does it all for you instantly! Change anything (like travel allowance) and BackTax instantly recalculates everything. BackTax costs only R399.00 including VAT! No accountant or personnel manager can afford to be without a copy of BackTax. BackTax also includes all tax deduction checks for wages paid daily, weekly and monthly as well as IRP5 SITE and PAYE splits, partial periods, bonuses paid, new SDL and UIF calculations etc. BackTax also has car calculations for company car, travel allowance claims and comparison between company car and travel allowance. BackTax for the current tax year and also for previous tax years available right now. We release new tax software, for the new tax year, within 3 days of the budget speech every February.
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