Payroll Blog Series: Tax Reports

Tax Reports Let’s dive into some key steps and considerations for effectively managing payroll tax: Payroll Tax Payroll tax, also known as Pay-As-You-Earn (PAYE), is a tax deducted from employees’ salaries and remitted to the South African Revenue Service (SARS). Understanding the rules and regulations surrounding payroll tax is imperative, as is tax thresholds, rates, […]

Payroll Blog Series: Resolving Payroll Issues

Resolving Payroll Issues Payroll management is a critical function for any organisation. It involves calculating and distributing employees’ remuneration, handling tax obligations, and managing benefits. Understanding the legal and regulatory requirements related to payroll is essential to avoid penalties and ensure smooth operations. Let’s explore some key points: Payroll Registrations and Compliance 1.UIF (Unemployment Insurance […]

Payroll Blog Series: Auditing Procedures

Auditing Procedures Why Audit Payroll ? Unveiling the Process… Accuracy Matters: Just like anywhere else, South African companies rely on accurate payroll processing. Employees expect their hard-earned wages to be calculated correctly. Legal Compliance: Auditing ensures that payroll aligns with local rules of labour laws, tax regulations and benefit requirements. Fraud Prevention: Ghost employees or […]

Payroll Blog Series: Updating Files

Updating Files Maintaining accurate and up-to-date payroll records is crucial for several reasons. As an employer, you’ll find that meticulous record-keeping not only ensures compliance with legal requirements, but also offers valuable opportunities for your organization. Here’s why: Employee Data and POPIA Compliance: Effectively managing employee records is a legal requirement. Failure to safeguard sensitive […]