Posts with Tag "simplepay"

Official Interest Rate Change for Employer Loans

    1 minute read    

The South African Reserve Bank has announced an increase to the repurchase rate, effective from 19 November 2021. You can read about how this increase will effect the SimplePay system in this blog post.

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.

New Feature: Pro-Rate Custom Items

    less than 1 minute read    

SimplePay automatically calculates and applies a pro-rate percentage to the Basic Salary of employees if they do not work for a full pay period i.e. the are appointed after the start of a pay period or terminated before the end of a pay period. We’ve received several requests to allow for the pro-rata percentage to be applied to other items, and are delighted to announce that this functionality is now available for certain custom items.

New Feature: Batch Pay Beneficiaries

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In March 2021, we introduced beneficiaries to the system (refer to our blog post dated 9 March). We’ve now expanded this feature to allow you to pay beneficiaries in bulk.

EMP501 Reconciliation to Reflect 2020 SDL Holiday

    3 minute read    

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.

New Feature: Custom Beneficiaries

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We’ve expanded our beneficiaries functionality so that you can add beneficiaries for custom items.

New Feature: Payslips Export

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You can now download a ZIP file with all the payslips within a specific date range for selected employees or pay points.

Automatic Quote Generator

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We’ve created an automatic quote generator that allows you to receive a formal quote in PDF format straight to your inbox.

Employee Filtering Revamp

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We’ve revamped our employee filters to make it more convenient to find and select employees.

Recap for June

    3 minute read    

Here’s a recap of the new features and important information released this past month.

New Feature: Show More Payslip Info

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We have added a feature that allows you to view all payslip items without previewing the payslip.

Additional COVID-19 ETI Changes

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The revised Disaster Management Tax Relief bills have given rise to ETI changes.

New: Foreign Employees Notification

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A new notification will alert you of foreign employees when submitting UIF Declarations.

Interest Rate Change for Employer Loans

    1 minute read    

As a result of the latest repo rate change, the official interest rate for employer loans will change effective 1 June 2020.

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).

Interest Rate Change for Employer Loans

    1 minute read    

The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.

Interest Rate Change for Employer Loans

    1 minute read    

The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.

Year in Review and Price Adjustment

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As 2019 (and the decade) draws to a close, we’d like to thank you for choosing SimplePay as your payroll software provider. We really value the loyalty, ideas, feedback and love that we get from you, our clients.

Automatic Logout Feature

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Our new optional timeout feature allows you to choose how long the system can be left idle for before automatically logging you out of SimplePay.

We’re App Partner of the Year Finalists

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SimplePay is delighted and proud to announce that we have been chosen by Xero as a finalist for the App Partner of the Year: South Africa.

New Feature: Employee Leave Expiration

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You can now specify that leave days carried over from the previous leave cycle expires if not used within a specified time frame.

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.

CF Registration

    1 minute read    

You can pre-register for access to the new online platform for the Compensation Fund.

Interest Rate Change for Employer Loans

    1 minute read    

The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.

Small Changes Can Make a Big Difference

    1 minute read    

Small changes can make a big difference, so we have added a new leave report and made some tweaks to entitlement policies.

Tax Return Submissions Are Open

    1 minute read    

You can now inform your employees that they file their tax returns via eFiling and the MobiApp

Bulk Actions for Once-off Payslips

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We are happy to announce that we have increased our bulk actions functionality to include bulk actions for once-off payslips.

Increased COIDA Threshold

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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).