Bolgatanga, Dec. 11, GNA - The Internal Revenue Service(IRS) has developed a new software known as IRS Tax Helper to help companies prepare their tax returns.

This came to light when an official from the Information Management Division of the IRS head office in Accra, Mr. Patrick Danso, took participants, who were drawn from the public and private sectors, through the mode of application of the system in Bolgatanga on Friday. The new software would help tax payers in the collection of taxes to facilitate prompt submission of returns without going through the usual anxious busy periods when tax payers are filling their returns. He said his outfit decided to develop the software because a research was carried out and it was found that majority of employers and tax payers found it difficult to prepare their tax returns and as a result either under or over paid taxes.

Mr Danso said the new system would eliminate the various errors which usually occurred when filling tax returns and that it would be an advantage to the tax payer.

Mr. Danso said another advantage of the product was that the application of the software in preparing tax returns did not consume more time as compared to the ordinary form of preparing tax returns.

He appealed to organizations, especially those in the private sectors, to consult any branch of IRS to access the software and its manual free of charge and to start using it as soon as possible.

Mr Danso underscored the need for companies and organizations who refused to submit their tax returns to desist from that since when caught by the IRS Commission they would be made to pay additional cost.

He said revenue collection was one of the major sources of government revenue and would not allow any company or organization to invade tax. 11 Dec 09