• Do you need to know how payroll works?
• Do you have very little knowledge of how to even begin?

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 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.

During this webinar, the following topics will be 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

From new salary thresholds and social security wage increases to COVID tax relief, businesses leaders have faced quite a few payroll and tax changes in 2020.

Join this webinar to learn about the latest updates and what you should watch out for in 2021.

Please 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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