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.
Posts with Tag "update"
SARS recently notified us that testing of the latest updated [email protected] software would commence today in preparation for its release to the public in September 2021.
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.
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.
In February, the Finance Minister announced a proposed reform that would see the UIF earnings cap reduced to R1000. This essentially means that no matter how much anyone earns, UIF deductions would only be calculated from a maximum amount of R1000.