Author: Ian Hurst — Managing Director, Paymaster People Solutions Payroll in 2018 has been a challenge. Then again, Payroll every year becomes more and more challenging as we try to keep up with all the new things being...
Category - Tax
Ian Hurst
All the SARS information: Get to know your personal income tax
Source / Originally published at: Official SARS website What’s new? 21 February 2018 – Budget 2018 changes Limited relief for the effect of inflation in adjusting Personal Income Tax rates. What is it...
Editorial desk
Small Office Home Office (SOHO)— What can you claim from SARS?
In an ever-changing economy, more business owners and home-based workers are electing to work from home. Faster and more affordable internet is finally here, so working from home has never been easier. South Africa is...
Checklist: February is the month to close off your financial year
February is the last month (for the 2018 tax year) in which you can make final adjustments for the tax period 1 March 2017 – 28 February 2018. Let’s take a quick look at which earnings and deductions you ought to be...
Avoiding SARS-induced frustration owing to missing records
Author: Ian Hurst — Managing Director, Paymaster People Solutions At Paymaster People Solutions, every month we reconcile our SARS payments in order to be sure that we have payroll deductions that match what appears on...
For employees: the IRP5 — A quick guide to what all the numbers mean
Author: Ian Hurst — Managing Director, Paymaster People Solutions In a few weeks the tax season for individuals will open! Yes, can you believe that it’s ‘that time’ again — time to submit our tax returns to the...
Adrian Baillie-Stewart
Breaking News: What’s important to know about the amended Unemployment Insurance Act
Paymaster is committed to keeping its readers up to date on all matters relevant to the HR and Payroll industry. Last week President Jacob Zuma signed a number of acts into law. One was the Employment Tax Incentive Act...
Learn About SARS Taxes
LEARN ABOUT SARS TAXES — get all the details here Learn all about the ins-and-outs of SARS taxes and how you can attend one of these workshops in your Province / Region / Town. Overview The South African Revenue...
Payroll reconciliations to be submitted to SARS by 31 October 2016.
Announcement by SARS RE THE MID YEAR RECONCILIATION PROCESS. Employers are required to submit an EMP501 confirming or correcting the amounts declared for Pay-As-You-Earn (PAYE), Skills Development Levy (SDL)...
Foreign tax legislation brings shift in SA payroll management
THE introduction of foreign legislation such as the US Foreign Account Tax Compliance Act (Facta) will bring about a fundamental shift in the way South African employers manage their payrolls. South Africa has become a...
Should I be paying tax?
Should I be paying tax? It’s something we all wish we did not have to pay and it is one question that comes up time and time again. There a many questions the average employee or even employer asks and many of...
Overview of the basics of employer tax
Overview of the basics of employer tax By starting a business, you’re helping to create jobs, contributing towards skills development, and even inspiring other entrepreneurs. But it’s important to get your...
