PAYROLL SERVICES

Our payroll services are provided by payroll and income tax experts, so we guarantee to provide you with piece of mind knowing that you and your employees won’t be getting any nasty income tax liability surprises when your annual taxes are assessed by SARS.

Payroll is an essential aspect of any business, whether it be a startup, small business or large enterprise. Many small owner managed companies with “no employees” are often under the assumption that their company does not require payroll services as there are no employees.  Here’s the thing, in most instances, the director of these owner managed companies should pay employees tax and UIF each month on the monies that they draw out of the company for personal consumption, as by not doing so, can lead to other serious consequences, including deemed dividends tax, business solvency concerns and estate planning, to name a few.

Full function payroll services provided by our tax experts comprises:

• the preparation of the payroll on a monthly basis;
• calculation of amounts due to SARS for PAYE, UIF and SDL;
• providing detailed reports to the employer of employees’ gross remuneration, deductions and net amounts payable by the employer to employees and third parties, for example, medical aid contributions, and so on;
• furnishing of salary advices to employees or the business owner for distribution to employees;
• Advise on the amount payable to SARS in respect of the amounts payable for PAYE, UIF and SDL;
• Submit the UI19 (employers declaration of employees) monthly to the Department of Labour;
• Mid-year (August) prepare the bi-annual reconciliation of employees’ tax and submission to SARS;
• Tax year-end (February) prepare the bi-annual reconciliation of employees’ tax and submission to SARS and issue of IRP5 certificates to employees who have been administered on the payroll during the tax year;
• Manage communication from SARS and other institutions relating to the payroll;
• Assist with returns received from the Workmen’s Compensation Commissioner;