Filing Reminder and TERS Update

In the blog today we are writing to remind you about both the interim employer reconciliation and the individual income tax return deadlines, in addition to an update on COVID-19 TERS. Both of the filing submission periods are now open and we recommend that you complete your submissions in good time to avoid any complications.

Employer Interim Filing Season

This year the employer interim reconciliation submission period will run between 14 September and 31 October 2020. Within this period you will need to submit your EMP501 return and your employees’ IRP5 / IT3(a)s to consolidate the period between 1 March and 31 August.

As mentioned in our previous blog post, SimplePay automatically generates these forms from your previous submissions, with all the latest legislative changes taken account of. All you need to do is log onto [email protected] or eFiling and submit the required forms. It really is that easy!

Manual Individual Income Tax Return 

If you have already completed SARS new auto assessment process in August, as covered in this blog post, then you have already met your obligations and don’t need to do anything further. This reminder applies to you if you rejected or did not receive an auto assessment from SARS, but need to complete an individual income tax return.

If this is you, the submission period for individual income tax returns is between 1 September and 16 November 2020 if you are filing online. You can log into eFiling or the SARS Mobi App to complete your manual return.

COVID-19 TERS Update

The past few weeks have been challenging for the UIF with respect to COVID-19 TERS. The audit carried out showed a number of shortcomings in the validation steps for applications, which led to various misallocations of funds. As a result payments were halted on 11 September and access to the TERS portal was down over the past weekend to maintain and improve the process’s safeguards. The resumption of the payouts is yet to be announced, but we shall endeavour to let you know when this happens.

An additional point of note is that for those that meet the application requirements, TERS benefits have been extended to 15 September. The application deadline for this period is 30 October, after which no new applications will be accepted.

For all other application periods i.e. March to 15 August, the deadline for new applications is 17 September.

Update 16 September: The closing dates for new have been changed  as follows:

 New applications for March to end of May the deadline is now 25 September 2020. 

New applications for June the deadline is now 15 October 2020.

New Applications for July to 15 September the deadline is now 30 October 2020.

The media statements on the audit findings can be found here and the announcement of an extension to COVID-19 TERS can be found here.

We hope that this information has proved useful to you. If you have any questions on how the information above relates to SimplePay, please feel free to contact us at [email protected]

Equally, If you are not yet a client of SimplePay but would like to be, why not try out our service on the house? You can sign up for your free 30-day trial here. Get to grips with our user-friendly service by reading our getting started page, or trying our free online course. Concerned about cost? Don’t be; we’ve simplified that too – check out our pricing page. Alternatively, you can request a formal quote if you need one here.

Keep well and stay safe.

Team SimplePay

Extension of PAYE Deferment and Interim Employer Filing Reminder

There has long been a question mark over whether the Government is going to extend the duration of the 35% PAYE deferment to support the ongoing challenges that businesses face. We had been waiting for the release of the Government gazette to confirm this, but as it is now 7 September we want to inform you of the possibility that your PAYE liability may be reduced on this month’s Statement of Account from SARS.

In the blog post today we’ll explain what this extension would mean and change, as well as providing you with a brief reminder of the upcoming employer interim reconciliation period.

35% PAYE Deferment Update

In addition to the Government’s announcement extending COVID-19 TERS (covered in this blog post), they are now also expected to extend the 35% PAYE deferment to include the month of August. This might mean when you complete your monthly filing today, the amount of PAYE you have to pay in your monthly EMP201 return may automatically be reduced by 35%. EMP201s should be generated and submitted as normal on SimplePay, with the full amount of liability stated, then SARS will reduce the amount owed by the corresponding amount.

The value of this additional month’s deferred payment will be added to the values of the previous months. The repayments for the deferred PAYE liability will be spread equally across 6 months, with the first payment being due on 7 October 2020 and the last on 5 March 2021.

Mention of the extension can be found on this SARS page, dated 28 August.

Employer Interim Reconciliation Reminder

The submission period for the 2020 / 2021 employer interim reconciliation period opens on 14 September. During the reconciliation period you need to submit your EMP501 return and employee IRP5 / IT3(a)s, consolidating the period of 1 March to 31 August 2020.

Staying true to our ongoing commitment to make your payroll obligations a breeze, SimplePay automatically generates these forms for you, with all the latest legislative changes already incorporated.

You can complete the filing process using eFiling if you have less than 50 employees, or alternatively with [email protected] for any number of employees. You might also be able to complete the process in branch by prior arrangement, but we would encourage you to use one of the online methods. More on [email protected] can be read on this page.

We hope that you have found the above information useful. If you have any questions on how the information above relates to SimplePay, please feel free to contact us at [email protected]  

If you are not yet a client of SimplePay but would like to be, Why not try out our service on the house? You can sign up for your free 30-day trial here. Get to grips with our user-friendly service by reading our getting started page, or trying our free online course. Concerned about cost? Don’t be; we’ve simplified that too – check out our pricing page. Alternatively, you can request a formal quote if you need one here.

Keep well and stay safe.

Team SimplePay

Claims Request Expanded to Include Employee Hours Worked

Last month we brought you a new feature that allows employees to submit certain claims via the self-service portal (refer to our 6 August blog post). We have now expanded this functionality to include Basic Salary inputs for hourly paid employees.

Hourly paid employees can now submit their hours worked for the month*, which will then need to be approved by the approver for claims. Once approved, it will automatically be added to the next draft payslip for the employee.

As with all types of requests, employees and approvers can attach supporting documentation (in this instance, it may be a signed time sheet) or leave comments.

*Note: Payroll administrators will first need to allow Basic Salary inputs via self-service before this option is available to employees.

For more information on this functionality, refer to the following help article:

Employee Claim Requests

Not a SimplePay client? Our self-service portal allows employees to view payslips and tax certificates, update their personal information and submit leave and claims for payslip items. It’s one of the many features that makes payroll with SimplePay so easy. Not convinced? We offer a free 30 day trial that lets you try out our system to see if it suits your payroll needs. You can sign up for the trial here.

Team SimplePay