About Us
Read all about GS Financial Services - the tax risk insurance specialists.
Read all about GS Financial Services - the tax risk insurance specialists.
Previously known as GreatSoft Financial Services, GS Financial Services have been helping thousands of taxpayers to secure tax risk insurance cover since 2010.
We focus mainly on arranging cover for the clients of accounting firms and tax practitioners. We also arrange tax risk insurance cover for SME businesses, the owners and directors of these businesses, high net-worth individuals and trusts.
Tax accountants have an pressing need to protect their clients against the risk and adverse effects of SARS tax audits and related disputes. We help our accountant clients to secure affordable cover for their clients. We offer world-class tax risk insurance cover which is underwritten by Bryte Insurance Company and administered by specialists Tax Risk Underwriting Managers. Tax Risk Underwriting Managers have been the tax risk insurance product leaders in South Africa since 2014.
GS Financial Services is a properly licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act 37 of 2002, and is accredited by Bryte Insurance Company and Tax Risk Underwriting Managers to offer tax risk insurance products to the market.
If you are a tax practitioner needing help to get your clients covered, then give us a call. Get tax risk insurance cover now, before you get that unexpected call from the taxman. Tax risk insurance gives you the peace of mind when you need it most!
As any good tax practitioner in South Africa will tell you today, the number and severity of SARS tax audits and related disputes are on the increase. The South African Revenue Service is on a mission to collect more taxes so that Government can make good on their commitments. SARS is under pressure to deliver on its collection targets, and taxpayers have become much more exposed to the risk and consequences of SARS tax audits and related disputes.
SARS has been raising the standard when it comes to tax collection. The financial downtrend, combined with the systematic increase in Government spending has resulted in a rather large fiscal shortfall, and SARS is driving hard to collect additional revenue. In doing so, they have become far more active.
The Tax Administrations Act gives SARS draconian powers with potentially serious consequences for taxpayers. Unfortunately it is not only the few tax offenders who willfully underpay their taxes who are being targeted, but also the thousands of decent, law abiding taxpayers. Even if you believe, like most people, that your taxes are up to date and accurate, SARS can still select you for audit. It is most often the case that law abiding business persons do not have access to the required knowledge, time or money to mount a proper defense against the might of SARS - which leaves them at a significant disadvantage and exposed to unfair treatment.
It is with this in mind that a tax risk insurance product has been created - to protect taxpayers against the risk associated with SARS tax audits and related disputes. Tax risk insurance will appoint and pay for a team of top tax professionals if the insured person, business or trust is selected for audit, of if there is a dispute about an unfair tax re-assessment in terms of which SARS is demanding additional taxes from the taxpayer, giving taxpayers and their tax advisors the peace of mind of having some of South Africa's best tax experts in their corner when they need it most.
Administered by Tax Risk Underwriting Managers (Pty)Ltd.
Registration Number 2014/086896/07. An authorised financial services provider FSP 46467.
152 Bryanston Drive, Bryanston, Sandton, 2191
Phone: +27 (0) 861 473 738 Email: info@taxrisk.co.za
Underwritten by Bryte Insurance Company Limited.
Registration Number 1965/006764/06. A licensed non-life insurer and authorised financial services provider FSP 17703.
Rosebank Towers, 15 Biermann Avenue, Rosebank 2196
Phone: +27 (0)11 370 9111 Email: info@brytetaxrisk.co.za
Sable Corner, Bridgeways, Precinct, 15 Bridgeway, Century City, Cape Town, 7441
© Copyright 2024 - All Rights Reserved - GS Financial Services is an authorised financial services provider FSP13271
