ProfSoft welcomes

MD Accountants in Cape Town.
Cuny Investments in Bloemfontein.

ProfSoft welcomes

Leo Consult in Pretoria.
LMJ Consulting in Centurion.

ProfSoft published
The 2015 SA tax tables.

ProfSoft welcomes

LouwCooper Financial Services - Cape Town.
Kirkman Lanfear Inc - Cape Town.

ProfTax IT12/14's - Request for correction now available.

ProfSoft welcomes

Leon du Toit Associates in Worcester Western Cape.

ProfSoft Completed Testing of the new IT12 with e-Filling and is waiting on the QA testing with SARS.

SARS has approved the IT12 in ProfTax.

ProfSoft welcomes

Kilgetty Statutory Services.

ProfSoft busy testing of the new IT12 in ProfTax.

The latest amendments of the COR15.1 form series now available in ProfSec.

ProfSoft welcomes

Statucor Company Secretarial Services. Johannesburg, Cape Town, Pretoria and Durban offices.
SA Company Formations in Cape Town.

ProfSoft applied the "in duplum rule" to the interest calculation module in ProfCost.

The In Duplum Rule - How much interest can I recover from a debtor?

In terms of this rule a creditor can only recover maximum interest up to the amount of the capital debt. Over the last decade or two our Courts have had a few opportunities to develop this common law rule.
1. Any doubt that this rule is still part of our law has been removed by the Appeal Court in 1992 when the Court confirmed that this rule is still very much part of our modern legal system. The purpose of this rule is to protect debtors and in this particular case (LTA Construction Beperk v Administrateur, Transvaal) the Court ruled that this rule applies to all contracts under which a debt is subject to interest at a fixed rate. It does therefore not only apply to ordinary money-lending transactions.
2. In Standard Bank of South Africa Limited v Oneanate Investments (Pty) Ltd (In Liquidation) in 1998 the Court furthermore ruled that the in duplum rule cannot be waived by a debtor.
3. In a 2002 case in the Appeal Court (Commissioner, SARS v Woulidge) the Court emphasized that the real purpose of this rule is the protection of borrowers against exploitation by lenders and the rule can only be applied where this consideration is present.
4. Recently in 2005 in the Durban High Court (Verulam Medicentre (Pty) Ltd v Ethekweni Municipality) the Judge concluded that it is important that the rule will only be applicable if the interest claimed does not serve a purpose other than the ordinary function that interest fulfils. More important however is that the Court also held that a borrower like the Ethekweni Municipality is not the sort of party that required protection.

In conclusion it is clear that in the majority of cases a creditor will not be able to recover interest exceeding the capital amount of the original claim. It is therefore of the utmost importance that long outstanding debts should be recovered before the in duplum rule becomes a possibility or a probability in an endeavour to prevent a situation where a creditor can no longer recover any further interest.

ProfSoft Completed testing of the new IT14 with e-Filling and is waiting on the QA testing with SARS.

SARS has approved the IT14 in ProfTax.

ProfSoft published
The lastest SA tax tables.

ProfSoft welcomes

Bernard Shaw Auditors in Stellenbosch.

ProfSoft welcomes

CashKows - Hermanus
Louw Cronje Inc.
Roelof Oosthuizen Ingelyf

ProfSoft welcomes

Mazars - Cape Town

ProfSoft welcomes

OverBerg Agri Bedrywe
MBB - Pietermaritzburg

ProfSoft welcomes

Moore Stephens - Stellenbosch
Smith @ Assosiate Ingelyf - Stellenbosch
African Infrastructure Investment Managers - Cape Town

BETA version Resource Planner Module.

Director Change Module to produce COR39 for CIPC

Budget 2012

Prof-Tax published the 2013 Tax Tables and Rebates.

Stefanutti Stocks - Johannesburg.
Sec-Corp - Cape Town.
African Alliance Securities Trading Limited - Johannesburg.

ProfSoft welcomes

Venn & Milford Incorporated - Johannesburg.

ProfSoft welcomes

PCC - Perth - Australia.
Top Admin - Johannesburg.

Prof-Sec published the new CIPC forms.

CIPC change CoR39 - Prof-Sec release the new CoR39 the next day to all clients.

ProfSoft welcomes

ClaassenStone - Vredendal.

ProfSoft welcomes

Avusa Group.
Basileus Capital Group.

e-Filing adds a new ISV to the selection list - ProfSoft.
ProfSoft is proud to release the first web based tax compliance application in South Africa.

The internet speed from the Isle of Man to the Profsoft dedicated servers in Cape Town is lightning fast....

Profsoft implements the new Prof-Docs component.

This web based document management system assist users to seamlessly upload and manage documents by entity or register.

Work has started on the latest product Prof-Tax.

We are aiming to be the first web based Tax Management System in South-Africa.

Profsoft released a web service where clients can view and print their company registers.

Profsoft released new twelve month calendar view for timesheet, leave application and overtime.

Prof-Cost released new calendar interface for timesheets, leave application, overtime request and approval modules.

Profsoft is proud to announce the release of ProfSec phase two on the web.
The fastest, most efficient web based Company Secretarial System now available.

Formation of Close Corporations and Companies within minutes, while Prof-Sec seamlessly creates all the necessary Forms and Registers.
Track changes to the register and produce relevant Forms.

For more information
Site:ProfSec
Email:ProfSec Info

New Pivot Reports available in the Costing module.

The pivot reports can be exported to Excel.

ProfSoft is proud to announce the release of ProfSec phase one on the web.

Thank you to the clients in Cape Town, Durban and Johannesburg for their overwhelming response and the time and effort in evaluating the product.

The annual leave planner is now presented as a Gantt chart.

ProfSoft is proud to announce the release of the notification module.

The online leave application module is now available to all clients.

Profsoft supports Google's new web browser - Chrome.

Thank you to all our clients for the positive feedback on the new data capture modules.

The implementation of AJAX and JSON has proven to be a winner. All our 3G and Wi-Fi clients are in raptures about the speed and new functionality.

Profsoft ASP has been tested and meets the criteria for the Microsoft “Platform Test for ISV Solutions” program: Platform Test: Windows Server + Web services and .NET Framework.

"Testing was conducted independently by VeriTest, a testing service of Lionbridge Technologies"

Profsoft releases ProfCost ASP 2 on the latest Microsoft .NET ASP 3.5 framework.
Capture timesheets and expense claims from any where in the world using a Wi-Fi or 3G connection.

IAS -Manual
ProfSoft developed and deployed the web based IAS manual for MTN on FRS's behalf.

ProfSoft test the consolidation speed and functionality over the internet.

Profsoft develops and implements the new dock-able content sensitive web toolbar.

Profsoft 2 ASP is in Alpha testing on .NET 2 and .NET 3 Frameworks

BETA version in test phase.

Complies with International Accounting (IAS) and International Financial Reporting Standards (IFRS).

South African Close Corporations Test system now available on secure site. (SSL)

South African Company and Close Corporation Forms.

Close Corporations: Name Reservation and Formation now tested on ASP .NET 2.0.

ProfSoft developed

Web based text editor for report writing purposes. Used to create Notes and Schedules to the Financial Statements.

TreeView Grid based on AJAX (Asynchronous JavaScript And XML) technology for ASP .NET 2.0 and .NET 1.1

Drag and Drop TreeView component for ASP .NET 2.0 and .NET 1.1 and now based on AJAX (Asynchronous JavaScript And XML) technology.

- Phase 1 - "Regulatory Information and Fund Creation" - currently in test phase. This Web based tool is written in ASP .NET 2.0 using SQL Server 2005.

- Customizable Client Side Tab Control - Customizable Client Side TreeView Control - Improved Client Side Calendar