Official Interest Rate Change for Employer Loans - November 2024
The repo rate has been reduced by 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 December 2024.
Posts with Category "Compliance"
New SARS Regulations for Trusts and Companies in 2024 Tax Season
The South African Revenue Service has introduced various changes for the 2024 tax season, impacting both trusts and corporate taxpayers. Read more about this in our blog.
Employer Interim Filing Season 2025
The Employer Interim Reconciliation filing season for 2025 will run from 16 September to 31 October 2024. Read more about this in our blog.
Effortless UIF Submissions Despite Online Portal Disruptions
With UIF down, SimplePay customers are still able to submit declarations seamlessly. Learn more in our latest blog post.
SARS Announces Tax Season 2024 Dates and Medical Aid Tax Changes
SARS has announced important information regarding the 2024 tax season for individual taxpayers. Read more about this on our blog.
Enhanced Employee Identification Number Validation
We’ve recently enhanced our identification number validation to help prevent duplication of records. Read more about this on our blog.
Employer Interim Reconciliation Filing Season 2024
The Employer Interim Reconciliation filing season for 2023 will be opened from 18 September 2023.
Simplify Employment Equity Reporting with SimplePay
The reporting season for Employment Equity (EE) opens today, 1 September 2023. Simplify the process with SimplePay.
Improved Feature for Employee and Director Classifications
We have improved our employee classification to cater for a wider range of directors.
2023 Filing Season Now Open
Filing season is officially open. Read more about this on our blog.
Suspension of the UIF E-Compliance Certificate System
The UIF announced that the issuing of UIF Compliance Certificates will be suspended temporarily until further notice.
2022 Updates for OID Workman’s Comp
As the season for completing the Return of Earnings (ROE) or W.As.8 approaches, this blog post will outline the latest updates including deadlines
2021 ROE Submissions Are Due
Your Return of Earnings is due to the Compensation Fund by 31 May 2021.
National Minimum Wage Increase
Our latest blog post covers the increases to the national minimum wages, due to take effect on 1 March 2021.
Extension of PAYE Deferment and Interim Employer Filing Reminder
Today’s blog covers a possible extension to the 35% PAYE deferment, whilst also providing a reminder about interim employer filing.
Commencement of the Protection of Personal Information Act
A brief overview of what has changed since the announcement of POPI’s commencement and how this relates to SimplePay.
Annual Employer Reconciliation Period Deadline
A friendly reminder about the employer annual reconciliation deadline, as well as information for individual tax returns.
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.
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.
UIF Exclusion Update for Learners and Employees who Repatriate
Learners and employees who intend to repatriate must now contribute to UIF from 1 March 2018.
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.
2017 OID / Workman’s Comp Update
The deadline for the OID / Workman’s Comp submission has been extended to 31 May 2017. In addition, the maximum amount of earnings per employee subject to assessment will increase to R403 500 from 1 April 2017.
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).
2016 Payroll Changes – Additional Medical Tax Credit
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.
POPI – We’ve Got You Covered
With rumours circulating of an effective date towards the end of the year, there’s been a lot of fuss lately around the Protection of Personal Information Act, otherwise known as POPI. Luckily SimplePay has been keeping you compliant for ages already.
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.
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.