SARS recently indicated that they will focus their audits on payroll compliance – specifically the compliance of small and medium companies.

Maintaining your own payroll package is not easy due to continuous changes to the Tax Act.

Outsourcing your payroll will allow you to streamline your business so that you can focus on core activities.

We have the expertise to ensure that you fully comply with all the requirements of running a payroll.

Our payroll outsourcing services include :

• hourly, weekly, fortnightly or monthly processing of salaries or wages;
• reconciliation of all statutory deductions;
• accounting for staff loans and keeping a detailed register of all loans and repayments;
• issuing monthly payslips either on hard copy or via secure email;
• issuing monthly deduction reports;
• submission and payment of all monthly requirements with SARS;
• preparation and issuing of IRP5 certificates to SARS and all employees;
• EMP501 reconciliations with SARS on a bi-annual basis; and
• administration of leave.

Outsourcing has the following benefits :

• saving on accounting software and annual license renewal fees;
• saving on your payroll as you do not have to appoint expensive personnel with the relevant knowledge to run your payroll;
• saving on training costs to keep up with changes in legislation;
• saving on IT costs and call-out fees relating to the software package you are using;
• having relevant taxation and salary structuring advice available to you;
• reduced time spent on compliance issues relating to payroll;
• submissions to and reconciliations with SARS; and
• reduced stationery costs.

SOURCES :
Cronje & Cronje
Business Partners