Taxspace FAQs

1. Getting Started

What is Taxspace?

Taxspace is an online tool designed for financial planners, advisers, and individuals. It helps you understand, explain, and improve a client’s tax position. You can model income sources, compare strategies, and show the true impact of financial decisions.

Where did Taxspace come from?

It started as an Excel sheet built in 2016 by Francois du Toit to solve his own problem. It has since grown into a powerful web-based tool used by many professionals.

Who is Taxspace for?

It is ideal for:

What can you use it for?

Analyse, plan, and optimise:

How do I register?

You can register at https://my.taxspace.app/register

Do I need to install anything?

No, Taxspace works fully online in your browser.

Is there a trial available?

Yes. You can start with a 7-day trial for R10.

What does it cost after the trial?

The standard price is R390/month. PROpulsion members and Commspace clients pay a discounted rate of R351/month.

Is training available?

Yes. When you log in, you will find a training link to help you get started. Support is also available via live chat, and training sessions are run regularly.

2. Features and Tools

What can I do with Taxspace?

You can:

Does Taxspace help with financial needs analysis (FNA)?

Yes, indirectly. By analysing a client’s ITA34 and modelling tax scenarios, you can conduct a ‘mini FNA’ without needing all the usual asset or expense data. This approach helps surface financial planning gaps using tax insights alone.

Can I use the tool for structuring travel allowances?

Yes. If the client qualifies, Taxspace will calculate and show you how adjusting salary and travel allowance can reduce their tax. This is useful for remuneration planning.

What other calculators are included?

In addition to the main tax scenario tool, you also have access to:

Can I use the home loan calculator for vehicle finance?

Yes, you can. But it currently cannot handle balloon payments at the end of the term.

Does Taxspace include estate planning tools?

Not at the moment.

Can Taxspace help with analysing multiple income streams?

Yes. It simplifies complex tax calculations when a client has several income sources, such as annuities, interest, or freelance work. You can present a clear total impact in one view.

Can it handle offshore income?

Yes. You can enter offshore income like capital gains, interest, and dividends. The tool follows SARS rules, but your own judgement is still needed for applying the right exemptions.

Does Taxspace integrate with accounting tools like Xero or Sage?

No. Taxspace is a planning and calculator tool, not an accounting or tax submission platform.

Can I add my own branding?

Yes. Reports do not show the Taxspace logo. You can customise reports with your own logo, your name, photo, and firm details. At this time, only the colour scheme is fixed.

Can I show reports to clients?

Yes. You can export client-ready PDF reports that clearly show tax savings and planning recommendations.

Can I add notes or personalise the reports?

Yes. You can add custom notes to each scenario. These notes can be styled (bold, lists, etc.) and used to highlight key recommendations or reminders.

Can I work with multiple years or scenarios for a client?

Yes. You can model different tax years, compare forward- and backward-looking scenarios, and quickly switch between them.

Is the system responsive and quick to update?

Yes. As you input or change data, the system updates the calculations in real-time on the screen.

3. Using Taxspace with Clients

How do I use this in my planning process?

You can use it to:

How can I use Taxspace to improve client engagement?

Taxspace supports back-and-forth discussions with clients. Instead of clients passively agreeing to your recommendations, it encourages real planning conversations. That shared understanding is what helps build engagement and trust.

Can I use Taxspace to generate leads?

Yes. You can offer a tax insights session as a lead magnet. Analysing a client’s ITA34 or current income can uncover valuable planning opportunities. This is a great way to attract new clients and show value from the start.

Can Taxspace help with client retention?

Yes. By regularly using the tool in your reviews, you can keep the conversation fresh and relevant, adding ongoing value and highlighting new opportunities to adjust their plan.

Can I use Taxspace to create new revenue streams?

Yes. You can charge for tax insight sessions, tax scenario planning, or include it as part of a paid review process. It helps you move beyond ‘free extras’ into structured, chargeable services.

Can I link Taxspace to a client’s cash flow plan?

Yes. The tool shows how much tax can be saved, which you can then include in your cash flow modelling.

Do clients make changes right away or wait for a new tax year?

It varies. Some act immediately, others wait. Either way, you can use Taxspace to demonstrate both approaches.

How do I charge for using Taxspace in my process?

This depends on your model. Some include it in their ongoing fees, others use it to highlight additional value during reviews, and some charge explicit fees.

Do clients still need a tax practitioner?

Yes, in most cases. Taxspace is a planning and discussion tool. Clients still need someone to handle their tax submissions.

4. Technical and Compliance Questions

Does it link to my CRM?

Not at this stage. All data entry is manual for now.

Is the data stored safely?

Yes. All information is stored securely in the cloud.

Do I need to be a registered tax practitioner to use Taxspace?

No. If you are not submitting returns, charging for tax advice, or doing tax structuring, you can use Taxspace within your normal financial planning role. You are expected to have basic tax knowledge, and to stay within the guidance of SARS and the Tax Administration Act.

What are the limits for non-tax practitioners?

You can:

5. Can I See It in Action?

Want to see how Taxspace works before you dive in? We have got you covered.

All links open in a new tab, and no sign-up is needed to view.

6. Contact Taxspace

Have a question or need help getting started? Use the contact form on our website, and we will get back to you.