This blog is a follow up to our previous blog post dated 30 July 2021, regarding the Expanded ETI scheme being introduced by the National Treasury and SARS for the period of 1 August 2021 to 30 November 2021.
Posts with Tag "covid-19"
As promised in our last blog post, the aim of today’s post is to give an overview of the new COVID-19 TERS Direction and the process to apply for and receive TERS benefits.
In store today we have the first TERS post since our coverage of the two extended periods. If you made a refund for a period we’ll explain the reporting requirements for you to remain compliant, in addition to signposting a further extension to TERS due to adjusted alert level 4.
At SimplePay we love going the extra mile for our customers and their employees. Normally this involves making your payroll obligations a breeze, but sometimes there are aspects of income tax law that we like to highlight as they can benefit both you and your employees!
SARS has reminded employers that the EMP501 Reconciliation and Tax Certificates must reflect 0% SDL payable for May to August 2020 in terms of the 2020 SDL Payment Holiday.
In this post, we discuss the requirements for non-sectoral TERS claims which can be made from 13 April 2021.
This blog post highlights important information on the TERS extension.
This blog post summarises the amendments to the Adjusted Level 3 regulations for the COVID-19 pandemic.
To reduce queueing at labour centres the UIF is cutting back on red tape and engaging directly with employers. To find out more details, read our latest blog post.
Blog post providing you with a handy TERS FAQ, based on information from recent UIF correspondence.
The blog today summarises some of the key COVID-19 rule changes that affect businesses, as announced in the President’s 14 December speech.
Our blog post today summarises the information contained in the UIF’s update letters for TERS September / October applications.
Our latest blog post announces the opening of the TERS application period for September to October, as well as sharing some updates on the process.
Our blog post today covers the President’s latest national address, picking out some of the key points that were communicated in the speech.
Our new blog post aims to shed some light on the newly revamped TERS process by detailing some of the changes made.
Today’s blog outlines the changes brought by lockdown level 2, as well as giving a comparison between each level of lockdown
Restrictions for the tourism sector under level 3 of lockdown have been eased, as detailed in our blog.
You can now override the gross remuneration figure in the Individual UI-19 form.
Processes to follow should you sadly need to end service of any type on SimplePay.
Here’s a recap of the new features and important information released this past month.
Update on technical issues experienced in TERS applications for the month of June
A brief consolidation on the TERS application process for the month of May and update on June applications.
Important reminder to only claim ETI in May, June and July 2020 for employees earning the higher of the National Minimum Wage or your sector’s minimum wage
The revised Disaster Management Tax Relief bills have given rise to ETI changes.
Changes to the Employment Tax Incentive Act have been announced in the Second Revised Draft Disaster Management Bill.
This blog provides details on the opening of COVID-19 TERS applications, as well outlining the key differences between this month’s and April’s processes
In this blog we reiterate points that were shared in a UIF webinar relating to TERS applications for foreign employees.
As a result of the latest repo rate change, the official interest rate for employer loans will change effective 1 June 2020.
Summary of the latest guide from the UIF, aimed at providing guidance to employers, post submission. Also details for those intending to apply in May.
We have created a new system item to assist with the special tax treatment and reporting requirements for COVID-19 relief payments from various organisations, such as the South African Future Trust (SAFT).
A consolidating summary of blogs and events from this week.
In today’s blog we have an important update on how best to interpret employee TERS benefit entitlements and the effect of additional payments by employers to employees participating under the scheme. We shall also touch base on tracking of UIF applications, updates from SARS and cast our eyes forward with respect to ETI.
In this blog we update you on what has come to light from the release of the two amended disaster management bills this past weekend, as well as outlining what employers need to do if employees are returning to work under level 4 of lockdown.
This is the third in our series of lockdown recap blogs, providing a wide array of information to help you through lockdown
Updates and clarifications on the TERS payouts and employer payments, expansion of the deferment of PAYE, as well as other topical news
A summary of the key points from the Minister For Finance’s speech last Friday, outlining the path forwards.
Updates on the distribution of TERS funding to employees, expansion of the TERS benefit and TERS application tracking.
This blog summarises both updates to the TERS process and details of the new economic measures that were revealed by President Ramaphosa to aid businesses.
Employers can no longer apply to TERS via email. A new online application method is now available.
A supplementary summary of the developments that have occurred over past week, in addition to answers to further frequently asked questions.
This blog outlines the support for businesses in the Tourism and Industrial Sectors. Find out more.
Update 23 April: We have received word that the termination date is in fact needed in the CSV (after being told to leave it out) and are doing the update as a top priority. In the meantime you can populate the termination date field before downloading the CSV and use our “copy down” functionality if the date is the same for all employees. We have received confirmation that the TERS benefit paid by employers to their employees will not be subject to PAYE, SDL or UIF. You may pay this amount off-system if you choose, but we recommend waiting until we have updated our system to include a new TERS benefit item. We will send out a notification when the system has been updated.
Update 21 April: The Department of Employment and Labour has opened a dedicated UIF toll free hotline, running 8am – 10pm Monday to Friday. The number is 0800 030 007.
Update 23 April: We have received confirmation that the TERS benefit paid by employers to their employees will not be subject to PAYE, SDL or UIF. You may pay this amount off-system if you choose, but we recommend waiting until we have updated our system to include a new TERS benefit item. We will send out a notification when the system has been updated.
An overview of the changes made to ETI due to COVID-19, which bring opportunities to both current participants and employers who previously did not qualify.
An overview of the COVID-19 TERS scheme, detailing the requirements, rewards and process involved for businesses.
Brief overview on schemes that could provide support to businesses in general, as well as for SMMEs
To ease the payroll burden on employers and payroll administrators during the COVID-19 pandemic, we have introduced a new Employee Actions section to our Bulk Actions page to allow users to manage an employees end of service in bulk.
On Monday 23 March, President Ramphosa announced a 21 day lockdown from 23:59 on Thursday 26 March. Read more in this blog post.