Administration of your payroll services

Administration of payroll

 

Outsourcing of payroll

IMPORTANT:

Outsourcing your payroll functions can normally reduce the costs involved in having payroll trained employees in-house as well as the costs of systems and software needed to process a payroll.

Did you know:

Payroll is a company's list of its employees, but the term is commonly used to refer to:

  • the total amount of money that a company pays to its employees
  • a company's records of its employees' salaries and wages, bonuses, and withheld taxes
  • the company's department that calculates and pays these employees

 

Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and because they are subject to laws and regulations
From a human resources viewpoint, the payroll department is critical because employees are sensitive to payroll errors and irregularities:

  1. Good employee morale requires payroll to be paid timely and accurately.
  2. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and that the withholdings and deductions are remitted in a timely manner.

This includes salary payments, tax withholdings, and deductions from salaries.

 

Payroll Services:

  • Payroll calculations (includes confidential payslip) monthly and weekly
  • Reconciliation of EMP201 Return (includes e-filing submission)
  • Issue of IRP5 Certificates
  • Annual and bi-annual EMP501 reconciliations
  • Employment contracts
  • UIF submissions
  • Employment equity reports
  • Employee tax services

 

About us

  • As Registered Accountants and Auditors with SAIPA, SAICA, SAIT and SAAA we will be able to assist any business in an array of accounting, bookkeeping, tax and advisory etc. services.

    No business will be able to survive without proper planning, basic understanding of the law, taxes and financial management.

    As not all business-owners have the time or knowledge to give attention to these details our team of qualified accountants and registered auditors will be able to give you outstanding, professional services at affordable rates with personal attention.

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