Payroll Services
Overview
Stress-Free Payroll: Let Us Handle Payday for Your Small Business
As your company grows, it’s crucial to ensure that payroll runs smoothly every payday. Uncertainty about employee salaries and third-party payments can cause unnecessary stress. Our top-class professionals provide seamless payroll services, ensuring your payroll process is efficient and accurate.
Allow us to manage this vital function with some of the best outsourced payroll services available, including:
- Generating payslips
- Ensuring compliance with all payroll taxes
- Handling submissions to SARS (South African Revenue Service) and the Department of Labour on your behalf
By outsourcing your payroll administration to us, you can concentrate on growing your business without the administrative burden and compliance pressures associated with payroll management.
What is payroll and what does it entail?
A robust payroll system is crucial for tracking employee remuneration, benefits, deductions, and leave balances, as well as any company contributions made for each employee. Our advanced payroll systems provide comprehensive management of all payroll aspects, ensuring transparency and precision.
Payroll encompasses several key areas:
- Employee Remuneration: Accurate calculation and timely payment of salaries.
- Benefits Management: Administration of employee benefits and company contributions.
- Deductions: Precise tracking and application of payroll deductions.
- Leave Balances: Management of employee leave records and balances.
Our comprehensive payroll services cover all these areas, providing you with a reliable solution to manage employee compensation efficiently. Let us handle your payroll needs, ensuring compliance and accuracy, so you can concentrate on growing your business.
Comprehensive Payroll Compliance Services
Employers must ensure various compliance aspects to avoid penalties and maintain smooth operations. Our comprehensive payroll compliance services cover all necessary requirements, providing peace of mind and freeing you from administrative burdens.
Key Areas of Payroll Compliance:
- Employee Registration for Income Tax: Ensure all employees are registered for Income Tax, with accurate payroll deductions.
- Monthly Submissions and Payments: Submit and pay EMP 201 forms for PAYE, UIF, and SDL monthly, before the seventh of the following month.
- Annual COIDA Returns: Submit COIDA returns annually by May 31st and make payments within 30 days of submission.
- Monthly Payslips: Provide employees with detailed payslips every month.
- Employee Benefits Compliance: Ensure all employee benefits, such as annual leave, sick leave, and family responsibility leave, comply with Labour Law.
- Bi-Annual EMP501 Reconciliations: Complete EMP501 reconciliations in October and May, reconciling payroll to EMP201 forms submitted to SARS. Submit the annual creation of IRP5s and IT3s by completing the EMP501 reconciliation after the financial year-end (May reconciliation).
Our services ensure that all these areas are managed efficiently, keeping your business compliant and your employees satisfied. Let us handle the complexities of payroll compliance, so you can focus on growing your business.
Get A Consultation Now
Unlock the full potential of your business with our expert CFO services. Schedule a consultation now and let us guide you towards financial excellence and sustainable growth.