Posts with Tag "sars"

Important Changes to our ETI Functionality and User Interface

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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.

2022 Employer Interim Filing Season Submissions (13 September to 31 October 2021)

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It’s approaching that time of the year again! We’d like to use this blog post to remind you that the employer Interim Reconciliation submission period, which is one of the Bi-Annual Filing periods for the 2022 tax year, will run between 13 September and 31 October 2021.

ETI Relief Expansion and PAYE Deferral Announced, effective 1 August 2021

    3 minute read    

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.

How working from home may have cut your tax bill

    5 minute read    

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!

EMP501 Reconciliation to Reflect 2020 SDL Holiday

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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.

July Recap Blog

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Recap of the month of July and a look ahead to what’s waiting for in August.

New SARS Code and System Item for Disaster Relief Funds

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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).

Updates in SimplePay for the 2020/2021 Tax Year

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With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 26 February 2020. You can continue processing as usual and no special year-end procedures are required.

Interim Filing Season Now Open

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The Interim Employer Reconciliation filing season with SARS is now open and ends on 31 October 2019.

Updates in SimplePay for the 2019/2020 Tax Year

    2 minute read    

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.

Travel Allowance Updates Effective March 2018

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As of 1 March 2018, travel allowances where employees are reimbursed per kilometre are now taxable on the payslip if it exceeds the prescribed rate.

Updates in SimplePay for the 2018/2019 Tax Year

    2 minute read    

With SimplePay you’re always compliant! We’ll update our system with the tax changes announced in the budget speech on 21 February 2018. You can continue processing as usual and no special year-end procedures are required.

August 2017 Employer Interim Reconciliation Filing Season

    2 minute read    

The August 2017 Employer Interim Reconciliation filing season is now open and will run until 31 October 2017. This is, in essence, where you will reconcile your EMP501s and IRP5s / IT3(a)s with payments made to SARS.

2017 UIF Increase: The Facts

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There has recently been an increase in the limit that must be used when UIF benefits are calculated. However, the limit for monthly contributions has not changed yet. The maximum monthly contributions are still R148.72 for employer and employee. As soon as a change to the contribution limit is announced, our system will be updated to keep you compliant.

2017 Employer Annual Reconciliation Filing Season

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SARS has announced that the 2017 Employer Annual Reconciliation filing season will run from 18 April 2017 to 31 May 2017. This is, in essence, where you will reconcile your EMP501s and IRP5s / IT3(a)s with payments made to SARS.

Updates in SimplePay for the 2017/2018 Tax Year

    2 minute read    

With SimplePay you’re always compliant! We’ve already updated our system with the tax changes announced in the budget speech on 22 February 2017. You can continue processing as usual and no special year-end procedures are required.

Updates in SimplePay for the 2016/2017 Tax Year

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We are pleased to announce that SimplePay clients are once again some of the first to be informed of the relevant changes for the new tax year.   As from 01 March 2016, your payroll will automatically meet all the requirements for the 2016/2017 period, as announced in the 2016 Budget Speech on 24 February 2016.

2016 Payroll Changes – Additional Medical Tax Credit

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With the start of the new financial year looming ahead of us, lawmakers have been hard at work drafting legislative changes that will require Payroll administrators to keep their wits about them if they want to keep up.

SARS PAYE Reconcilliation 2015-08

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Dust off your EMP501s, it’s that time of year once again.  The employer filing season opened officially on 1 September, with the deadline on 30 October 2015.  You will be reconciling figures for the period 1 March 2015 to 31 August 2015.  Please view our online help on this subject to ensure that everything goes smoothly.

Updates in SimplePay for the 2015/2016 Tax Year

    1 minute read    

We are pleased to announce that SimplePay clients are once again some of the first to be informed of the relevant changes for the new tax year. As from 01 March 2015, your payroll will automatically meet all the requirements for the 2015/2016 period, as announced in the 2015 Budget Speech on 25 February 2015.

Changes in SimplePay for the 2014/2015 tax year

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We are pleased to announce that all SimplePay clients can now see what the changes are that have been made to SimplePay for the 2014/2015 financial year. As from 01 March 2014, your payroll will automatically meet all the legislative requirements, as announced by Pravin Gordhan, the Finance Minister in South Africa.

Employment Tax Incentive Functionality

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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.