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Posts with Tag "eti"
Changes have been introduced to “monthly remuneration” for ETI, which will affect the amount of ETI calculated for qualifying employees from 1 March 2022.
In this blog, we briefly discuss the changes announced in the 2022 Budget Speech and how they affect your payroll.
National Treasury have introduced updated ETI rates which will take effect from March 2022.
Government has announced various payroll changes that come into effect from 1 March 2022. This blog discusses these payroll changes.
A cornerstone of the culture at SimplePay, which has greatly contributed to our development to date, is our commitment to continuous improvement. This culture is what drives us to continually review and critique both our processes and our system to see where we can be even better.
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.
Recently businesses in South Africa have experienced numerous hardships and challenges to profitability and for some, their continued existence. As a beacon of hope and in an effort to give support and relief to those affected, National Treasury and SARS recently announced an intended R5 billion tax relief package. To relieve the economic strain being applied to businesses in South Africa currently, it was to be rolled out as soon as possible.
Our latest blog post covers the increases to the national minimum wages, due to take effect on 1 March 2021.
Today’s blog post contains a refresher on ETI in addition to a filing reminder for those who have not already done so.
We’ve made extensive updates to our ETI functionality.
We’ve expanded our EMP201 webview to include breakdowns and variances for PAYE, SDL, UIF and ETI.
The blog today covers an important TERS update, the duration of the main Government support measures and alternate support options for you to explore.
Here’s a recap of the new features and important information released this past month.
In addition to the existing tax trace and the new ETI trace announced on 5 June 2020, we now also have a UIF, SDL and Retirement Deduction trace.
Our new ETI breakdown and ETI trace provides more information on how ETI is calculated.
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.
Closing off the month of May and level 4 of lockdown in style, this blog will give a brief overview of what’s been covered this week in our blogs, before turning to what businesses can expect under level 3 in June.
Changes to the Employment Tax Incentive Act have been announced in the Second Revised Draft Disaster Management Bill.
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
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.
The brackets for employee earnings that ETI can be claimed on have been updated to account for inflation.
The new national minimum wage is set at R20 per hour effective from 1 January 2019.
As from 1 August 2018, the criteria for employees who qualify for ETI have been amended for those working in Special Economic Zones (SEZs).
We have just released a new feature that enables you to post ETI Utilised with the click of a button - no more need to do manual journals for this in Xero.
We’re proud to announce we’ve now incorporated support for ETI (Employment Tax Incentive, a.k.a. Youth Wage Subsidy) in the system. You can (and should) read more about it in the Employment Tax Incentive section of our online help.