The South African Revenue Service (SARS) has issued a reminder to employers that the 2025 Employer Interim Reconciliation (EMP501) period runs from 22 September to 31 October 2025. During this time, all employers must reconcile their PAYE, UIF, and SDL declarations for the first half of the tax year (1 March to 31 August 2025)....
It feels like we’ve only just kicked off 2023 and here we are already starting to talk about tax year-end. The reality is that Tuesday, February 28 is fast-approaching and brings to an end yet another tax year. For Payroll Departments, it marks the start of a very busy and stressful time when SARS will...
The 2022 Filing Season for Employers came to an end at the end of May and 1 July marked the start of tax filing season for individuals. Most taxpayers will be “auto assessed” due to not having complicated structures and/or they may even have a single tax certificate. It’s imperative that these “auto assessments” are...
Companies often provide their loyal and long-serving employees with an award of some form or another at certain times during their tenure with the company. The more well-known, and often joked about award, is that of the traditional “gold watch”.More recently, companies have become a little more creative when it comes to long service awards,...
Some important information was released by SARS regarding the 2022 Employer Filing Season. Filing Season 2022 The 2022 Filing Season for employers is open for submissions from 1 April and closes on 31 May 2022. Employers are required to submit their annual reconciliation declarations covering the full tax year from 1 March 2021 to 28...
Monday 28 February marks the end of yet another tax year. It’s a busy time of year for Payroll and HR Professionals as quite the task lies ahead to reconcile the payroll with the soon upcoming employer filing season. For taxpayers, it’s an opportunity to potentially receive a tax refund from SARS. Here are a...
Time certainly flies! With the 28th of February 2022 only 20 days away, it’s time to get all payroll affairs in order as this marks the end of the 2021/2022 tax year. Payroll systems need to be geared for the new tax year and if you run a weekly payroll this doesn’t leave a lot...
Many employees receive an annual bonus payment as part of their remuneration package, and for most, this bonus is paid in December of each year. So, for many employees, this time of the year should be a happy time when they see the word “Bonus” appearing on their payslip. However, employees are often disappointed when...
Yes…having tea with a SARS official, in your home is not that uncommon as of late. Surprised? Don’t be…as anticipated there has been a massive increase in taxpayers claiming for home office expenses this past year, and as such SARS are doing a huge amount of home inspections. We have all experienced the “new norm”...
For those taxpayers who have not submitted their tax returns yet – there is some relief. Non-provisional taxpayers had to submit their returns by the 23rd of November 2021, failing which there was a possibility of penalties being imposed. The good news is that SARS has announced that the filing season deadline has been extended...
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