Official Interest Rate Change for Employer Loans - November 2024
The repo rate has been reduced by 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 December 2024.
Posts with Tag "payroll"
Introducing Salary Schedules
Salary schedules are now automatically generated for terminated employees, ensuring accurate record-keeping and seamless compliance. Read more about the functionality in our blog.
Introducing the Getting Started Checklist
Our new Getting Started Checklist is here to streamline the process of getting set up on SimplePay. Read more about this exciting feature in our blog.
Introducing Custom Reports
Introducing our new Custom Reports feature. You can now set up custom reports for repeated use, and choose the information that you want to see. Read more in our blog post.
New SARS Regulations for Trusts and Companies in 2024 Tax Season
The South African Revenue Service has introduced various changes for the 2024 tax season, impacting both trusts and corporate taxpayers. Read more about this in our blog.
Employer Interim Filing Season 2025
The Employer Interim Reconciliation filing season for 2025 will run from 16 September to 31 October 2024. Read more about this in our blog.
Introducing Our Revamped Help Site
We’re excited to launch our new and improved help site! Read more about the updates in our blog post.
Quarter 2 Feature Recap
In this blog, we recap some new features and feature updates that went live in the second quarter of 2024. Read more here.
Feature Enhancement: Email Reminders of Expiring Leave
We’re excited about the latest addition to our Reminders functionality: Leave Expiry! Read more about this in our blog.
SARS Announces Tax Season 2024 Dates and Medical Aid Tax Changes
SARS has announced important information regarding the 2024 tax season for individual taxpayers. Read more about this on our blog.
Introducing Custom Bulk Inputs
Simplify your payroll management with Custom Bulk Inputs. Edit payroll items of your choosing — for multiple employees at once — on a single screen or via an Excel file generated by the system.
Enhanced Employee Identification Number Validation
We’ve recently enhanced our identification number validation to help prevent duplication of records. Read more about this on our blog.
Feature Recap for Quarter 1 2024
In this blog, we recap some system updates that occurred in the first quarter of 2024. Read more here.
New Feature Labels
Our new Feature Labels allow you to easily read more about new features, and to send us feedback about new and existing features.
Latest News on the Return of Earnings
Discover the latest updates on the Return of Earnings, including the submission deadline, and a change in how SimplePay applies the annual threshold.
National Budget Speech 2024
In this blog, we briefly discuss the changes announced in the 2024 Budget Speech and how they affect your payroll.
Self-Service Claims Now Available By Default
We’re happy to announce that we’ve made our Employee Self-Service (ESS) claims available to our entire customer base — by default! Find out more about this exciting feature in our blog.
Introducing the SimplePay Account Dashboard
Introducing the SimplePay Account Dashboard – a game-changing feature designed for streamlined payroll management.
Additional Public Holiday on 15 December 2023
Great news! We’ve already implemented the required system changes to account for the newly-announced public holiday on 15 December. You can rely on SimplePay for smooth and efficient payroll processing.
Simplify Employment Equity Reporting with SimplePay
The reporting season for Employment Equity (EE) opens today, 1 September 2023. Simplify the process with SimplePay.
Discover How to Seamlessly Transition Payroll Software Mid-Tax Year
SimplePay is hosting a webinar to show you how easy and simple it is to switch payroll systems during the tax year.
Introducing Reminders: Email Notifications for Important Employee Events
Introducing SimplePay’s newest feature: Reminders. Keeping track of important employee events has never been easier. With reminders, you can receive emails to keep you informed of upcoming birthdays, work anniversaries, and all other important dates.
New Report: Leave Expiry Report
Introducing Leave Expiry Reports! Our new feature is here to help you keep track of your employees’ expiring leave.
New Report: MIBFA Payment Reports
We are very excited to announce the addition of MIBFA payment reports to SimplePay.
Simplified 2-Factor Authentication Reset Process
We have improved the recovery and reset processes for 2-Factor Authentication.
2023 Filing Season Now Open
Filing season is officially open. Read more about this on our blog.
New Feature Alert: Active and Inactive States for Companies
Our system now allows Active and Inactive states for companies within a profile, in cases where companies must be closed, but not deleted.
New Feature: Long Service Awards
Our system now allows you to capture Long Service Awards while ensuring the correct handling of SARS codes and taxes.
2023 Employer Interim Filing Season Submissions (19 Sep to 31 Oct 2022)
The employer interim filing season will be opened from 19 September 2022.
Xero Users to Secure Accounts with 2-Factor Authentication by 1 November 2022
From 1 November 2022, 2-Factor Authentication will become mandatory for all Xero users.
PAYE Webinar Series Blog Post
After a brief hiatus we return to bring you the next installment of webinars - a 3-part series focusing on Pay As You Earn (PAYE).
New Feature: Password Protect Reports
You can now encrypt reports with passwords.
2022 Employer Annual Reconciliation Filing Season - What Employees Need to Know
This blog post outlines what employees need to know about the 2022 Employer Annual Reconciliation filing season, which opens on 1 April 2022.
2022 Employer Annual Reconciliation Filing Season - What Employers Need to Know
This blog post outlines what employers need to know about the 2022 Employer Annual Reconciliation filing season, which opens on 1 April 2022.
Official Interest Rate Change for Employer Loans
The Reserve Bank has announced a second consecutive hike of the repurchase rate (repo rate). This blog post contains all of the important information you need to know.
Open Invite to SimplePay's Leave Webinars
In this blog post, we extend an open invitation to you to attend Episodes 3 and 4 of our pilot webinar series, focusing on leave.
SimplePay: Your Partners in Success
In this blog post, our customer success team tell us a bit more about who they are, what they do and how this impacts you.
How SimplePay Handles Feature Requests
In this blog post, we outline the process that we follow to evaluate feature requests and select features to add to our development pipeline.
Introducing SimplePay Webinars
Our new series of webinars provides another easy way to learn more about payroll in South Africa.
New Feature: Pro-Rate Custom Items
SimplePay automatically calculates and applies a pro-rate percentage to the Basic Salary of employees if they do not work for a full pay period i.e. the are appointed after the start of a pay period or terminated before the end of a pay period. We’ve received several requests to allow for the pro-rata percentage to be applied to other items, and are delighted to announce that this functionality is now available for certain custom items.
New Feature: Approver Override
Our new approver override feature allows full admins to approve requests when approvers are on leave.
TERS Phase 2: Non-Sectoral Claim Applications
In this post, we discuss the requirements for non-sectoral TERS claims which can be made from 13 April 2021.
New Feature: Custom Beneficiaries
We’ve expanded our beneficiaries functionality so that you can add beneficiaries for custom items.
Revamped Preview Page for Bulk Finalising Payslips
We’ve overhauled the page for bulk finalising payslips to make it easier to toggle additional payslip information.
New Pay Frequency: Every 4 Weeks
We’ve added a new pay frequency for paying employees every four weeks.
New Feature: Payslips Export
You can now download a ZIP file with all the payslips within a specific date range for selected employees or pay points.
New Feature: Give Admin and Leave Admin Users Read-only Access
We’ve expanded our permissions functionality to include an option for read-only access.
New Feature: Bulk Assign Leave Policies
You can now bulk assign leave policies to employees not on the company default policy.
2020 Year in Review and Price Increase Deferment
We’re looking back at the year 2020 and making an important announcement about our annual price adjustment.
Password Protected Payslips Are Here!
You can now add passwords to payslips that are sent to employees via email.
Updated App: Version 2.0
We’ve released version 2.0 of our app with more functionality.
UI Tweaks for Profile Pages
We’ve made changes to our user interface on profile pages.
Automatic Quote Generator
We’ve created an automatic quote generator that allows you to receive a formal quote in PDF format straight to your inbox.
PAYE vs Income Tax
We’ve renamed ‘Tax’ on the system to ‘Tax (PAYE)’.
Compassionate Leave is now Family Responsibility Leave on SimplePay
We’ve changed the label for Compassionate Leave to align with the Basic Conditions of Employment Act.
Self-Service Employee Claim Requests
We have a new opt-in feature for employee claims via self-service.
Employee Filtering Revamp
We’ve revamped our employee filters to make it more convenient to find and select employees.
New Process for Company Transfers
We’re introducing a new 3-step process for company transfers.
Repo Rate and Employer Loans Interest Rate Cut
The repo rate has been decreased to 3.5%, impacting employer loan benefits from 1 August 2020.
Extension of COVID-19 TERS Scheme and Other Employment Related Matters
Overview of the Budget 31 conference speech by the Department of Labour, covering the announcement of an extension to COVID-19 TERS, amongst other related proposals.
New Feature: EMP201 Breakdowns and Variances
We’ve expanded our EMP201 webview to include breakdowns and variances for PAYE, SDL, UIF and ETI.
Recap for June
Here’s a recap of the new features and important information released this past month.
New Feature: End Service Checklist
This new feature reminds you of outstanding employer loans and savings when ending an employee’s service.
New Feature: UIF, SDL and Retirement Deduction Traces
In addition to the existing tax trace and the new ETI trace announced on 5 June 2020, we now also have a UIF, SDL and Retirement Deduction trace.
New Feature: ETI Breakdown and ETI Trace
Our new ETI breakdown and ETI trace provides more information on how ETI is calculated.
New: Foreign Employees Notification
A new notification will alert you of foreign employees when submitting UIF Declarations.
Interest Rate Change for Employer Loans
As a result of the latest repo rate change, the official interest rate for employer loans will change effective 1 June 2020.
Submitted Files of UIF Declaration Now Available
You can now download the files for UIF Declarations that were successfully submitted to the Department of Labour.
Form UI-2.7 for Employees Terminated with Codes 9, 10, 17, 18 or 19
You can now download pre-populated UI-2.7 forms for employees terminated with codes 9, 10, 17, 18 or 19.
Update to TERS Application Channel
Employers can no longer apply to TERS via email. A new online application method is now available.
Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
National Minimum Wage Increase
The national minimum wage rates, as specified in the National Minimum Wage Act, will increase by 3.8% from R20 per hour to R20,76 for employees. This minimum wage increase will be effective from 1 March 2020.
Parental, Adoption and Commissioning Parental Leave
South Africa’s new parental, adoption and commission parent leave is effective.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.
Year in Review and Price Adjustment
As 2019 (and the decade) draws to a close, we’d like to thank you for choosing SimplePay as your payroll software provider. We really value the loyalty, ideas, feedback and love that we get from you, our clients.
Automatic Logout Feature
Our new optional timeout feature allows you to choose how long the system can be left idle for before automatically logging you out of SimplePay.
QuickBooks Integration Upgrade
We have upgraded our integration with QuickBooks.
Expansion of Custom Items Based on System Items
We’ve expanded our feature for custom items based on existing system items.
We’re App Partner of the Year Finalists
SimplePay is delighted and proud to announce that we have been chosen by Xero as a finalist for the App Partner of the Year: South Africa.
New Feature: Employee Leave Expiration
You can now specify that leave days carried over from the previous leave cycle expires if not used within a specified time frame.
CF Registration
You can pre-register for access to the new online platform for the Compensation Fund.
CF System Update
The Compensation Fund has begun the process of modernising and consolidating their systems. As a result, the CF-Filing system has been offline as of 28 August.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
Small Changes Can Make a Big Difference
Small changes can make a big difference, so we have added a new leave report and made some tweaks to entitlement policies.
Bulk Actions for Once-off Payslips
We are happy to announce that we have increased our bulk actions functionality to include bulk actions for once-off payslips.
Change in Tax Rules for Bargaining Council Funds
As of 1/3/2019, all employer contributions to Bargaining Council funds should be treated as taxable fringe benefits.
Customise System Items
SimplePay’s newest feature lets you create custom items that follow the same tax and payroll rules as system items.
ETI Changes to Remuneration Brackets
The brackets for employee earnings that ETI can be claimed on have been updated to account for inflation.
New Feature! Custom Employee Info Fields
Add your own fields to an employee’s Basic Info screen with our newest feature.
Increased COIDA Threshold
The Minister of Labour announced in Government Gazette No. 42092 that there would be an increase in the OID earnings threshold under Section 83 (8) of the Compensation for Occupational Injuries and Diseases Act, 1993 (Act no. 130 of 1993).
National Minimum Wage Act
The new national minimum wage is set at R20 per hour effective from 1 January 2019.