2017 OID / Workman’s Comp Update
The deadline for the OID / Workman’s Comp submission has been extended to 31 May 2017. In addition, the maximum amount of earnings per employee subject to assessment will increase to R403 500 from 1 April 2017.
The deadline for the OID / Workman’s Comp submission has been extended to 31 May 2017. In addition, the maximum amount of earnings per employee subject to assessment will increase to R403 500 from 1 April 2017.
With SimplePay you’re always compliant! We’ve already updated our system with the tax changes announced in the budget speech on 22 February 2017. You can continue processing as usual and no special year-end procedures are required.
Amongst all the big updates that always come with the start of a new financial year, our tenacious developers have been able to sneak in some small but very useful features that we’re hoping will make your life just that little bit easier.
The 1st of March 2016 brought with it a number of significant changes that will affect employees with pension, provident and retirement annuity funds. This legislation introduces a uniform tax treatment for all three of the above-mentioned funds (total taxable income deduction limited to 27.5% of income, with an annual cap of R350 000).
We are pleased to announce that SimplePay clients are once again some of the first to be informed of the relevant changes for the new tax year. As from 01 March 2016, your payroll will automatically meet all the requirements for the 2016/2017 period, as announced in the 2016 Budget Speech on 24 February 2016.
Here at SimplePay, we believe that taking leave and getting paid should be the least stressful work related things that your employees can do. In the past, however, this hasn’t always been the case, mostly because of all of the red tape and paperwork involved in collecting payslips, and requesting and approving leave.
With the start of the new financial year looming ahead of us, lawmakers have been hard at work drafting legislative changes that will require Payroll administrators to keep their wits about them if they want to keep up.
With annual shutdown just around the corner for many companies, our dedicated team of coding elves have been cooking up a feature that a lot of you have been asking for.
Just in time for the festive season, we are super excited to present to you our updated leave calendar. This new calendar is more than just a pretty face; it sports a number of new features to make leave recording simpler and more accurate.
Dust off your EMP501s, it’s that time of year once again. The employer filing season opened officially on 1 September, with the deadline on 30 October 2015. You will be reconciling figures for the period 1 March 2015 to 31 August 2015. Please view our online help on this subject to ensure that everything goes smoothly.