Payroll Services
No matter how small or large the organisation, client needs are met with our customised and streamlined payroll services.
Client setup, data capturing and company setup
Salary administration and payslip provision / Payroll structuring
Salary structuring
Recording of employee’s leave
Recording of overtime
Recording of loan accounts
Leave administration, e.g. sick leave, annual leave, family responsibility leave
PAYE return calculation and submission: EMP201 Returns (monthly)
UIF return calculation and submission
SDL return calculation and submission
Payslips: electronic and hard copy
PAYE employer reconciliations: EMP501 returns (bi-annually)
Issuing of IRP5 and IT3(a) certificates at tax year-end
IRP5 for staff
IRP5 submissions to SARS
Personal annual income tax return for all employees
Loading all deductions to your chosen bank account and payment release from you
Remuneration restructuring and advisory services
Liaising with SARS and the Department of Labour
THE NEW FINANCIAL EMIGRATION
Financial emigration is the process used by many South Africans abroad to formalise their non-resident tax status for both tax and exchange control purposes.
The process has been extremely successful for South Africans to cut tax ties, and as such, SARS has made it more difficult to cease tax residency by amending the process effective 1 March 2021.
We have an in-depth understanding of the new process and can help you complete your Financial Emigration and guarantee non-tax residency through SARS. This will provide you with protection from #ExpatTax2021 and ensure your foreign earned income remains tax-exempt in South Africa.
THE NEW FINANCIAL EMIGRATION PROCESS WILL INCLUDE INTER ALIA
A focus from SARS specifically on tax residency in terms of the South African tax residency tests;
The application for an Emigration Tax Clearance Certificate, with supporting documents to prove non-resident status;
An “exit tax” calculation on worldwide assets, in terms of section 9H of the Income Tax Act;
A stringent audit by the SARS auditors and potentially by the dedicated SARS Foreign Employment team; and
Approval by SARS before any funds may be expatriated by an authorised dealer based on emigration.
FALLING AWAY FROM THE FINANCIAL EMIGRATION PROCESS
SARB MP336(b) form and application;
Requirement for an authorised dealer to attest the application;
Requirement of SARB approval before conclusion of the application; and
Restrictions on bank accounts after they have been converted into non-resident accounts.
