Posts with Tag "ZA"

Official Interest Rate Change for Employer Loans

    1 minute read    

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.

New SARS Code and System Item for Disaster Relief Funds

    1 minute read    

We have created a new system item to assist with the special tax treatment and reporting requirements for COVID-19 relief payments from various organisations, such as the South African Future Trust (SAFT).

Update to TERS Application Channel

    1 minute read    

Employers can no longer apply to TERS via email. A new online application method is now available.

COVID-19 UIF Quick Reference Guide

    5 minute read    

In an effort to alleviate payroll strain and to make the various UIF codes and forms simpler for employers to understand, we have put together a summary of how these all work.

New Feature: Managing End of Service in Bulk

    less than 1 minute read    

To ease the payroll burden on employers and payroll administrators during the COVID-19 pandemic, we have introduced a new Employee Actions section to our Bulk Actions page to allow users to manage an employees end of service in bulk.

Interest Rate Change for Employer Loans

    1 minute read    

The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.

Interest Rate Change for Employer Loans

    1 minute read    

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

    1 minute read    

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.

New Feature: Employee Leave Expiration

    1 minute read    

You can now specify that leave days carried over from the previous leave cycle expires if not used within a specified time frame.

New Self-Service Features

    1 minute read    

We have been working on expanding our self-service functionality recently and are pleased to announce that we have added two new features.

CF System Update

    less than 1 minute read    

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

    1 minute read    

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

    1 minute read    

Small changes can make a big difference, so we have added a new leave report and made some tweaks to entitlement policies.

ETI Changes to Remuneration Brackets

    1 minute read    

The brackets for employee earnings that ETI can be claimed on have been updated to account for inflation.

2017 OID / Workman’s Comp Update

    1 minute read    

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.