2020 OID / Workman’s Comp Update
We have updated our system to reflect the Compensation Fund’s annual earnings threshold for the 2020/2021 Return of Earnings.
2020
Updates in SimplePay for the 2020/2021 Tax Year
With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 26 February 2020. You can continue processing as usual and no special year-end procedures are required.
National Minimum Wage Increase
The national minimum wage rates, as specified in the National Minimum Wage Act, will increase by 3.8% from R20 per hour to R20,76 for employees. This minimum wage increase will be effective from 1 March 2020.
Parental, Adoption and Commissioning Parental Leave
South Africa’s new parental, adoption and commission parent leave is effective.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.
2019
Year in Review and Price Adjustment
As 2019 (and the decade) draws to a close, we’d like to thank you for choosing SimplePay as your payroll software provider. We really value the loyalty, ideas, feedback and love that we get from you, our clients.
Automatic Logout Feature
Our new optional timeout feature allows you to choose how long the system can be left idle for before automatically logging you out of SimplePay.
QuickBooks Integration Upgrade
We have upgraded our integration with QuickBooks.
Expansion of Custom Items Based on System Items
We’ve expanded our feature for custom items based on existing system items.
We’re App Partner of the Year Finalists
SimplePay is delighted and proud to announce that we have been chosen by Xero as a finalist for the App Partner of the Year: South Africa.