Need to know how PAYROLL works?

Have very little knowledge on how to even begin?

This course is designed for Accountants, Bookkeepers, Business Owners, Admin Staff, HR Professionals and any individual with little or no knowledge of payroll requirements and payroll structuring.

What does the Tax Administration Act say about the Employer's responsibilities with regards to Employee's PAYROLL?

According to the TAA (Tax Administration Act), every employer must keep a record of all remuneration paid, Employees' Tax deducted in respect of each employee, and SDL and UIF contributions. This register must contain personal particulars as well as financial details of each employee.

These records must be kept for a period of five (5) years from the date of submission of the return and from the end of the relevant tax period. The employer must retain such records and make them available for scrutiny for the prescribed period.

Employers who supply the tax certificate information on an electronic medium or electronically, must also keep such records for the prescribed period.

Content Discussed:

• Definitions
• Tax Tables, Rates & Rebates
• Exemptions - Individuals
• Deductions - Employees
• Deductions - Retirement
• Fringe Benefits
• Subsistence Allowance
• Travel Allowance
• Deductions - Travel Expense
• Youth Employment Incentive (ETI)
• Relocation of Employee
• Wear & Tear Allowance
• Skills Development Levy
• IRP5 and IT3 Certificates - Source Codes
• Bursaries / Tuition Fees
• Independent Contractors
• Salary Sacrifice
• Medical Aid Rebates
• Retirement / Pension / Provident Fund Contributions
• COVID-19 Tax Relief Measures

The presenter, Ruzel van Jaarsveld – has over 23 years financial and bookkeeping experience. She has worked in as many industries as well as corporate environments, with extensive knowledge and practical experience of books to financial statements, payroll, VAT and Payee returns, Inventory control, Management Accounts and E-filing.

She is currently with Finsolve Accounting & Tax Solutions which provides Accounting services to an extensive client base of individuals and business operations, and forms part of a team of experienced Accountants and Tax Practitioners.

She is also the Head Facilitator of Biz Facility Training with numerous years of experience of presenting various Financial Workshops to a vast number of business owners and financial staff from many companies.

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