Official Interest Rate Change for Employer Loans - 26 May 2023
The South African Reserve Bank has announced another increase to the repurchase rate, with effect from 26 May 2023.
Posts with Tag "simplepay"
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced another increase to the repurchase rate, with effect from 31 March 2023.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced another increase to the repurchase rate, effective from 27 January 2023.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 25 November 2022.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 22 September 2022.
Official Interest Rate Change for Employers Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 22 July 2022.
PAYE Webinar Series Blog Post
After a brief hiatus we return to bring you the next installment of webinars - a 3-part series focusing on Pay As You Earn (PAYE).
Official Interest Rate Change for Employers Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 20 May 2022.
Suspension of the UIF E-Compliance Certificate System
The UIF announced that the issuing of UIF Compliance Certificates will be suspended temporarily until further notice.
5 Reasons You Need Cloud Payroll
This blog takes a closer look at some of the benefits that come with using Cloud Payroll.
New Feature: Password Protect Reports
You can now encrypt reports with passwords.
2022 Employer Annual Reconciliation Filing Season - What Employees Need to Know
This blog post outlines what employees need to know about the 2022 Employer Annual Reconciliation filing season, which opens on 1 April 2022.
2022 Employer Annual Reconciliation Filing Season - What Employers Need to Know
This blog post outlines what employers need to know about the 2022 Employer Annual Reconciliation filing season, which opens on 1 April 2022.
Monetary Policy Committee Increases Official Interest Rate
The Monetary Policy Committee have increased the repo rate with effect from 25 March 2022. This will affect the SARS official interest rate which is applied to employer loans from 1 April 2022
Official Interest Rate Change for Employer Loans
The Reserve Bank has announced a second consecutive hike of the repurchase rate (repo rate). This blog post contains all of the important information you need to know.
Open Invite to SimplePay's Leave Webinars
In this blog post, we extend an open invitation to you to attend Episodes 3 and 4 of our pilot webinar series, focusing on leave.
SimplePay: Your Partners in Success
In this blog post, our customer success team tell us a bit more about who they are, what they do and how this impacts you.
Official Interest Rate Change for Employer Loans
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
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
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.
SARS e@syFile Testing – Preparing for September 2021
SARS recently notified us that testing of the latest updated e@syFile software would commence today in preparation for its release to the public in September 2021.
New Feature: Batch Pay Beneficiaries
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
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.
TERS Phase 2: Non-Sectoral Claim Applications
In this post, we discuss the requirements for non-sectoral TERS claims which can be made from 13 April 2021.
New Feature: Custom Beneficiaries
We’ve expanded our beneficiaries functionality so that you can add beneficiaries for custom items.
New Feature: Payslips Export
You can now download a ZIP file with all the payslips within a specific date range for selected employees or pay points.
New Feature: Give Admin and Leave Admin Users Read-only Access
We’ve expanded our permissions functionality to include an option for read-only access.
New Feature: Bulk Assign Leave Policies
You can now bulk assign leave policies to employees not on the company default policy.
2020 Year in Review and Price Increase Deferment
We’re looking back at the year 2020 and making an important announcement about our annual price adjustment.
Password Protected Payslips Are Here!
You can now add passwords to payslips that are sent to employees via email.
Claims Request Expanded to Include Employee Hours Worked
Hourly paid employees can now use self-service to submit their hours worked for the period.
Huge ETI Update and Improvements
We’ve made extensive updates to our ETI functionality.
Automatic Quote Generator
We’ve created an automatic quote generator that allows you to receive a formal quote in PDF format straight to your inbox.
Compassionate Leave is now Family Responsibility Leave on SimplePay
We’ve changed the label for Compassionate Leave to align with the Basic Conditions of Employment Act.
Employee Filtering Revamp
We’ve revamped our employee filters to make it more convenient to find and select employees.
Repo Rate and Employer Loans Interest Rate Cut
The repo rate has been decreased to 3.5%, impacting employer loan benefits from 1 August 2020.
New Feature: EMP201 Breakdowns and Variances
We’ve expanded our EMP201 webview to include breakdowns and variances for PAYE, SDL, UIF and ETI.
Recap for June
Here’s a recap of the new features and important information released this past month.
New Feature: UIF, SDL and Retirement Deduction Traces
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.
New Feature: ETI Breakdown and ETI Trace
Our new ETI breakdown and ETI trace provides more information on how ETI is calculated.
New Feature: Show More Payslip Info
We have added a feature that allows you to view all payslip items without previewing the payslip.
Additional COVID-19 ETI Changes
The revised Disaster Management Tax Relief bills have given rise to ETI changes.
New: Foreign Employees Notification
A new notification will alert you of foreign employees when submitting UIF Declarations.
Interest Rate Change for Employer Loans
As a result of the latest repo rate change, the official interest rate for employer loans will change effective 1 June 2020.
Submitted Files of UIF Declaration Now Available
You can now download the files for UIF Declarations that were successfully submitted to the Department of Labour.
New SARS Code and System Item for Disaster Relief Funds
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).
Form UI-2.7 for Employees Terminated with Codes 9, 10, 17, 18 or 19
You can now download pre-populated UI-2.7 forms for employees terminated with codes 9, 10, 17, 18 or 19.
Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
Parental, Adoption and Commissioning Parental Leave
South Africa’s new parental, adoption and commission parent leave is effective.
Interest Rate Change for Employer Loans
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
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
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.
QuickBooks Integration Upgrade
We have upgraded our integration with QuickBooks.
Expansion of Custom Items Based on System Items
We’ve expanded our feature for custom items based on existing system items.
We’re App Partner of the Year Finalists
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
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
The Interim Employer Reconciliation filing season with SARS is now open and ends on 31 October 2019.
CF Registration
You can pre-register for access to the new online platform for the Compensation Fund.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
Override Payslip End Dates in Bulk
You can now change payslip dates in bulk.
Small Changes Can Make a Big Difference
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
You can now inform your employees that they file their tax returns via eFiling and the MobiApp
Bulk Actions for Once-off Payslips
We are happy to announce that we have increased our bulk actions functionality to include bulk actions for once-off payslips.
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.
New Feature! Custom Employee Info Fields
Add your own fields to an employee’s Basic Info screen with our newest feature.
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).
Sparkling New User Interface Design!
We have officially launched our new user interface design!