SARS

The Payroll Industry—What’s in store for 2019: A look at what we can expect from the payroll industry in 2019

Author: Matt Newnham 2018 has almost come to an end, and the Payroll and HR industry has pulled through another year. With a New Year just around the corner, one needs to ask what the future holds.  Will it be more of the same, or will some drastic shake-ups take the industry by surprise? To [...]

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Learn About SARS Taxes

LEARN ABOUT SARS TAXES — get all the details here Learn all about the ins-and-outs of SARS taxes and how you can attend one of these workshops in your Province / Region / Town. Overview The South African Revenue Services (SARS) offers free tax education workshops. These are presented at most SARS branches across the [...]

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Two looming SARS deadlines (for 31 May 2016): Tax and ROE

Two looming SARS-related deadlines for 31 May 2016 1.  2016 Tax Year Submissions to SARS The deadline for submission of EMP501 and Employee Tax Certificates, is the 31st May, Tuesday next week. Have you finished your submission to SARS yet? The SA Revenue website has this advice for employers: “Employers are required to submit their [...]

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The Employment Tax Incentive (ETI) Scheme

The Employment Tax Incentive (ETI) Scheme In a nutshell, the Employment Tax Incentive (ETI) scheme is a legislated guideline that encourages employers to hire “young people”, with the promised advantage being a reduced cost of employment paid back (via PAYE tax savings reimbursements) to the employer. The employees’ earnings will remain unaffected[i]. The strategic reason [...]

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Overview of the basics of employer tax

Overview of the basics of employer tax By starting a business, you're helping to create jobs, contributing towards skills development, and even inspiring other entrepreneurs. But it's important to get your SARS red tape right from the start if you want to avoid problems and penalties with the tax authorities later down the line. This [...]

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TAX SEASON 2014 FOR INDIVIDUALS

1 July marks the start of the Tax Season 2014 for Individuals. The annual Tax Season is when you need to complete and submit an Income Tax Return (ITR12) to SARS. During Tax Season, taxpayers need to submit an ITR12 (which is your Income Tax Return) so we can calculate your tax liability based on [...]

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Fixing a duplicate or incomplete employer Submission to SARS

During the recent Employer Annual Reconciliation period we noticed that certain employers experienced problems due to the fact that duplicate or incomplete reconciliation declaration submissions were made on e@syFile™ Employer. What is considered a duplicate submission? A submission is considered to be a duplicate once the verification has been completed and it is determined the [...]

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Administrative Penalties for PAYE non-compliance

This notice appears on the SARS website. A number of Employers have still not complied with 3 June 2011 submission for the annual Employer Reconciliation Decleration and as a result, SARS will now, impose penalties in relation to PAYE transgressions, allowed in terms of the 4th schedule of the Income Tax Act no 58 of [...]

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