Payroll Blog Series: Managing Festive Season Payroll Tasks
Managing Festive Season Payroll Tasks The festive season is a time for celebration, and as employees take time off and year-end processes loom, it’s essential to ensure that payroll tasks are handled smoothly. Here’s how we can help manage these tasks during this busy period: Review Employee Records: Update Information: Ensure that all employee […]
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 […]