Do you need to know how to submit your EMP501 Annual Submission due 31 May?

What is the EMP501 submission?

EMP501 submissions are the responsibility of the employer. This webinar has been designed to show the user how to use Easyfile and E-filing to submit their EMP501 annual submission, which is the final submission for the financial year. Submitting your EMP501 annual submission also allows your company to stay tax compliant when submitted on or before 31 May and issue IRP5's and IT's to staff/employees as per the law.

An EMP501 is a report that reflects all staff earnings required by SARS, and needs to be submitted twice a year before the issue of IRP5 and IT3 certificates for staff.

During this webinar, the following topics will be discussed:

• Reconciling salaries and wages on excel
• Using payslips as source documents to prepare the interim submission
• Importing payroll report from the payroll system into Easyfile
• Preparing payslips manually for staff if a payroll system is not used
• How to download Easyfile and how to use it – for 20 employees and more
• How to use E-filing to submit EMP501 – for less than 20 employees
• Source Codes
• Preparing IRP5's and IT3's on Easyfile and E-Filing
• Printing reports and backing up data

Interim (for period 1 March to 31 August) – the Interim Employers Filing Season for EMP501 reconciliations runs from 1 September to 31 October.

Annual (for period 1 March to 28 February) – the annual Employers Filing Season runs from 1 April to 31 May.

Note: If you're unable to attend the live webinar on the scheduled date, you can still book and pay for the webinar – the course notes and a copy of the recording will be provided for self-study in your own time.

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