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Workflow Templates

Company Tax Return (IT14) Template

Download your free Company Tax Return (IT14) template to personalize and use in your bookkeeping or accounting firm.

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Tax & Compliance - categorySouth Africa - region

Created by Karbon

A preview of the template showing sections of tasks to be completed. Some are already checked offCompany Income tax return (IT14) (South Africa)Confirm work is Ready to Start2 AutomatorsConfirm completion of the annual financial statementsCompletedOValidate all the parameters of the work item are correctCompletedDPreparation4 AutomatorsComplete draft tax returnCompletedZFollow-up with client on open items by updating and sending the client request below (if applicable)CompletedZCLIENT TASKSAdditional information needed for your tax return

About this template

This template is designed to streamline the process of completing company income tax returns (IT14).

The work is reliant on the completion of annual financial statements for the company. There is a task in the end of the template Accounts: Annual Financial Statements (South Africa) that points the Accountant to this work item to complete the first section, indicating work is ready to be started.

The work goes through the stages:

  • Ready To Start
  • Prep
  • Waiting for info
  • Process
  • Review
  • Assemble
  • Waiting for client
  • Assemble
  • File
  • Follow-up
  • Wait for confirmation
  • Completed

The roles involved in completing the work are: Accountant and Reviewer. The overall ownership of the work changes as the work progresses between the roles involved. The initial work assignee is the accountant.

Work stages and roles are both customizable.

The template includes best practice automation to ensure it is clear:

  • Which tasks are ready to be worked on (i.e. task status)
  • What the status of work is at any time (so you can get real-time work dashboards)
  • Who is responsible for the work and tasks
  • The priority of work and tasks

The start date for the work is set as the 1st day after the accounting period end, but in reality it is the day the financial statements are completed. The due date is 12 months after the period end.

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How to use this template

Add this template to Karbon

Get more out of this template by adding it to your Karbon Practice Management cloud-based software, including:

  • Time and Budget Estimates
  • Task Automation
  • Client Task Automation
  • Client Work Scheduling
Sign In to Add to Karbon

Alternatively, you can

Download Company Tax Return (IT14) Template

.

Karbon Practice Management

A preview of the template showing sections of tasks to be completed. Some are already checked offCompany Income tax return (IT14) (South Africa)Confirm work is Ready to Start2 AutomatorsConfirm completion of the annual financial statementsCompletedVValidate all the parameters of the work item are correctCompletedJPreparation4 AutomatorsComplete draft tax returnCompletedAFollow-up with client on open items by updating and sending the client request below (if applicable)CompletedKCLIENT TASKSAdditional information needed for your tax return

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How to customize a template

You can edit any saved template to fit your firm's specific needs. Before making changes, duplicate a pre-populated template by selecting it, clicking the "..." menu, and choosing Duplicate.

Common customizations:

  • Reorder or nest tasks
  • Add or remove tasks
  • Edit the client task email
  • Use or modify Tasklist automators

Read the support article to learn more.

About Karbon

Karbon is an AI-powered practice management platform for accounting firms, designed to streamline operations and support scalable growth.

Trusted by nearly 3,000 firms, Karbon boosts productivity by an average of 18% by uniting teams, clients, work, billing, and reporting in one place. With 30+ integrations and an open API, it’s fully customizable.

Learn more at karbonhq.com or book a demo to see how Karbon can help your firm grow.

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