REMINDER

EMP501/IRP5 SUBMISSIONS This is your last week to submit your Employers’ Annual Reconciliation Declaration (EMP501) for the tax year Feb2024. The deadline is the 31 May 2024. Make sure you submit this on time to delay penalties.

What is PAYE?

Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE. See How to...

Reminder:

You have 13 More Working days until the deadline to submit your EMP501 IRP5s.Make sure to get these submitted before the 31 May 2024 to Avoid Penalties.

Payroll Laws and Updates

Payroll is a complicated and extremely important aspect of a business. Unfortunately, it is not something that remains constant. There are regular updates to existing legislation and new payroll  laws that come into play. While this can be daunting, there...

Payroll taxes and the related declarations

While a key component of running a business is how much employees should be paid and what amounts must be withheld from their earnings, the buck definitely does not stop here. It is critical that employers understand their full responsibilities when it comes to hiring...