These days SARS requires a lot more details when it comes to payroll administration and the payment of staff. It is absolutely crucial that you get it right, because hefty penalties apply if you don’t.
Long gone are the days when an amount is paid to a casual employee and you retaining a petty cash slip with his signature on it. Payroll administration involves more than the simple preparation of salary and wage slips. As an employer you need to ensure you keep proper details for employees, including casual employees, as you need to issue IT3 returns for these employees. At the end of the year you need to reconcile your IRP5’s and IT3 returns to the amount shown as salaries in your financial statements.
We can provide all or any of the following payroll administration services you may require:
Please get in contact with us if you would like to outsource your payroll administration
problems. We have the software, knowledge and systems in place to ensure your payroll complies to the latest SARS requirements.