Payroll
Payday without the admin. We run your payroll accurately, on time, and fully compliant with SA law and SARS.
Payroll administration functions include:
- Monthly salary calculation
- Monthly or weekly wages calculation
- Issuing of payslips
- Calculation of PAYE, UIF and SDL deductions
- Submission of monthly employer tax returns (EMP201)
- Submission of monthly UIF return to Department of Labour
- Annual Compensation for Occupational Injuries and Diseases return (COID)
- Application for letter of good standing (COID)
- Annual employer tax reconciliation (EMP501)
- Issuing of IRP5 certificates
The term “payroll” refers to the list of employees that receive compensation from a company. However, most companies generally use the term to refer to the money that is paid to the employees or the records that detail how much each employee has made. Payroll may also refer to the company, department, or software that is used to process paychecks and taxes or to the process of calculating and distributing employee paychecks.
Payroll administration is a technical process that changes frequently due to legislation. To avoid legal action your payroll system and administrator must be up to date with the latest legislation. It makes business sense for a company to outsource this function to professionals.