March 18, 2024

Paying Salaries: What Can Go Wrong?

South African businesses face unique payroll challenges. From strict regulatory requirements to the specific needs of a diverse workforce, managing payroll requires precision, understanding, and the right approach. Here are some critical payroll mistakes businesses often encounter and our expert advice on how to avoid them: Misclassifying employees In South Africa, the distinction between independent contractors and full-time employees is significant, affecting everything from tax obligations to benefits. Misclassification can lead to penalties from the South African Revenue Service (SARS) and disputes with employees. Ensure you’re familiar with the definitions and classifications as per labour laws and classify your employees […]
June 11, 2019

Changes regarding payroll taxes

The South African Revenue Service (“SARS”) has recently made changes with regards to the management of payroll taxes in order for employers to more effectively manage their own accounts by way of a number of functions and tools. SARS states that the aim of these changes is to allow employers to ensure that all their necessary payroll filings are correctly reflected, payments have been correctly allocated and that all charges to their accounts such as adjustments, interest and penalties have been correctly calculated and recorded. The most recent changes include changes to the statement of account (“SOA”) which were introduced […]
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