2019 Employer Annual Reconciliation Filing Season
The 2019 Employer Annual Reconciliation filing season will soon be open. You have until 31 May to submit your EMP501s to SARS.
2019
Change in Tax Rules for Bargaining Council Funds
As of 1/3/2019, all employer contributions to Bargaining Council funds should be treated as taxable fringe benefits.
Customise System Items
SimplePay’s newest feature lets you create custom items that follow the same tax and payroll rules as system items.
ETI Changes to Remuneration Brackets
The brackets for employee earnings that ETI can be claimed on have been updated to account for inflation.
New Feature! Custom Employee Info Fields
Add your own fields to an employee’s Basic Info screen with our newest feature.
Updates in SimplePay for the 2019/2020 Tax Year
With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 20 February 2019. You can continue processing as usual and no special year-end procedures are required.
Compensation Fund Workshop – Cape Town
From 13th to 15th February, the Directorate Employer Services of the Compensation Fund will be assisting payroll suppliers, employers and tax practitioners in Cape Town and its surrounding areas with the following matters:
Increased COIDA Threshold
The Minister of Labour announced in Government Gazette No. 42092 that there would be an increase in the OID earnings threshold under Section 83 (8) of the Compensation for Occupational Injuries and Diseases Act, 1993 (Act no. 130 of 1993).
2018
National Minimum Wage Act
The new national minimum wage is set at R20 per hour effective from 1 January 2019.
Option Added for Taxing Company Car at 100%
The functionality for the company car system item has been expanded to include a 100% taxable option.