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.
Posts with Category "SARS"
Resubmission of EMP501 and Tax Certificates which reflect Solidarity Fund donations, by 9 July 2021
As part of our continued effort to always keep you compliant and signal potential issues which may affect your business, we noted a recent issue which warrants this blog post.
Repayment of the 35% PAYE Deferral
Today’s blog consists of a reminder that the first repayment of the 35% PAYE deferment is due, in addition to how you can do this.
Update: New Individual Tax Returns Process
Reminder of the delayed deadline for individual tax returns and update on SARS’ new auto-assessment process.
Annual Employer Reconciliation Period Deadline
A friendly reminder about the employer annual reconciliation deadline, as well as information for individual tax returns.
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.
Employment Tax Validation Process
An overview of SARS’ employment tax validation process, as well as updates on the SDL payment holiday and the recent expansion to parental leave benefits.
Lockdown Update: 8 May
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.
Updates in SimplePay for the 2020/2021 Tax Year
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.
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.
Updates in SimplePay for the 2019/2020 Tax Year
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.
2018 Employer Annual Reconciliation Filing Season
The 2018 Employer Annual Reconciliation filing season is now open. You have until 31 May to submit your EMP501s to SARS.
Updates in SimplePay for the 2018/2019 Tax Year
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
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 Employer Annual Reconciliation Filing Season
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
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.
2016 Retirement Reform
The 1st of March 2016 brought with it a number of significant changes that will affect employees with pension, provident and retirement annuity funds. This legislation introduces a uniform tax treatment for all three of the above-mentioned funds (total taxable income deduction limited to 27.5% of income, with an annual cap of R350 000).
SARS PAYE Reconcilliation 2015-08
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.
UIF Reform Postponed
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.
Updates in SimplePay for the 2015/2016 Tax Year
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.
Employer filing season starts on 01 April 2014
Important date to remember! The employer filing season for EMP501 submission starts on 01 April 2014 and will run until 30 May 2014. SimplePay has done the updates to comply with the new e@syfile layout.
Changes in SimplePay for the 2014/2015 tax year
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
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.
UIF Limit Increased
From 1 Oct. 20012, the annual limit for income subject to UIF contributions has increased from R149,736 to R178,464. That results in a new monthly limit of R14,872 and a weekly limit of R3,432.
Interim PAYE Reconciliation Closes in One Week!
Just a reminder that the current bi-annual recon season closes in a week, on Monday 31 October. You should submit all your tax certificates to SARS by then. SimplePay has an e@syFile export function that makes this easy.
Tax tables and other info loaded for the 2011/2012 tax year
We’re pleased to announce that our clients and their employees can now see how their payroll will change in the new tax year. Payslips that fall in the 2012 / 2013 tax year will automatically meet the new legal requirements, while your payslips for the current tax year will still be calculated according to the current tax year’s rules, as you’d expect.
SimplePay is ready for the 2010 / 2011 tax year
We’re pleased to announce that our clients and their employees can now see how their payroll will change in the new tax year. Payslips that fall in the 2010 / 2011 tax year will automatically meet the new legal requirements, while your payslips for the current tax year will still be calculated according to the current tax year’s rules, as you’d expect.