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.
As part of the government’s COVID-19 relief measures, the ETI claimable by employers has been increased for the pay period 1 April - 31 July 2020. These changes are now available on our system.
In this blog we update you on what has come to light from the release of the two amended disaster management bills this past weekend, as well as outlining what employers need to do if employees are returning to work under level 4 of lockdown.
This is the third in our series of lockdown recap blogs, providing a wide array of information to help you through lockdown
Updates and clarifications on the TERS payouts and employer payments, expansion of the deferment of PAYE, as well as other topical news
A summary of the key points from the Minister For Finance’s speech last Friday, outlining the path forwards.
Updates on the distribution of TERS funding to employees, expansion of the TERS benefit and TERS application tracking.
As part of our commitment to supporting you during these uncertain times by simplifying payroll, we have introduced a new system item: TERS Payout. To recap, TERS is a COVID-19 relief measure introduced by government which provides employers with cashflow to continue to pay employees. You can find a more in-depth recap on TERS here.
This blog summarises both updates to the TERS process and details of the new economic measures that were revealed by President Ramaphosa to aid businesses.
You can now download pre-populated UI-2.7 forms for employees terminated with codes 9, 10, 17, 18 or 19.
