
Income Tax Returns – Top 4 Mistakes to Avoid Income tax returns are due once again. Yes, time flies when
Home > PAYE Registration
PAYE registration is compulsory for any employer that deducts tax from an employee’s salary. Tax Leaders can help you to comply with all requirements from the start.
Do not allow the very important administrative tasks of PAYE registrations to keep you from running your business. Let us help you to stay tax-compliant. Our team at Tax Leaders handle tax registrations, calculation assistance, monthly declarations, and more!
At Tax Leaders, we understand that managing SARS registrations and deductions can be a complex and time-consuming task.
However, PAYE, UIF, SDL and other registrations and deductions are quick and easy when you make use of our professional tax consultancy services.
The monthly payment must be made within seven days of the end of the period, during which you have deducted the amount. However, should the payment date coincide with a weekend date or a public holiday, you will have to make the payment the last working day before the weekend date or the public holiday.
PAYE Registration also means that you must register your employees for UIF. You must deduct UIF, and pay the contributions to the Unemployment Insurance Fund (UIF) on a monthly basis. Additionally, You must deduct PAYE and pay it to SARS on a monthly basis.
As an employer, you must deduct 1% of the employee’s salary, and pay 1% as an employer towards the Fund. This means that 2% per employee must be paid to the UIF every month. Invest in a good payroll system, or use our professional assistance in this regard to help your business stay payroll tax-compliant. Pay slips must accurately reflect deductions.
Tax Leaders assist with professional pay slips.
If you have registered the employees for PAYE, then you must deduct the relevant amounts, and pay to SARS. If you do not deduct the PAYE, then your business must pay the PAYE that you have not deducted. Failure to comply with the requirement comes with a hefty penalty.
Did you know that you must also do an EMP501 reconciliation twice annually?
We understand that you want to focus on business growth rather than the tedious tax tasks. Fortunately, we love complex calculations, and certainly make it our business to help our clients stay tax-compliant. To this end, we are here to assist with the EMP501 reconciliation.
Did you know that you must submit a monthly EMP201? It is a declaration required by SARS in which you state the total amount in addition to the allocations for SDL, UIF, and PAYE, and it is done using the EMP201 form. It is a type of payment declaration, and the amount you pay over to SARS corresponds with the declared amount.
Have a look at what our customers have to say about our PAYE registration and other financial services.
Latest blog articles to help you stay on top of your taxes, financials and other business requirements.
Income Tax Returns – Top 4 Mistakes to Avoid Income tax returns are due once again. Yes, time flies when
Solar panel tax in South Africa. This note sets out the basic characteristics and requirements for the solar panel incentive
Business Expenses – What Are Tax-Deductible Business Expenses? Tax-deductible business expenses are any expenses that incur in the operation of
Payroll in South Africa – Let’s Talk Payroll Payroll in South Africa is not processed the same as other countries.