Overview   

The importance of labour to the success of any organisation cannot be overlooked. There is specific legislation that governs how employees are paid and how they are taxed. The incorrect calculation or late payment of salaries and wages demotivates employees and leads to industrial action. In addition to that, SARS will charge penalties and interest for late submission of employee tax returns and the payment of tax. It is therefore vital that payroll administrators are fully aware of what is required of them in their duties.  

Join Russel Ngobeni in this webinar where he will describe how to correctly administer the payroll function including SARS registration, accurate calculation of employee taxes, generation of related reports and their timeous submission to SARS. 

Learning objectives  

By the end of this event the participant should: 

• Have background knowledge of legislation governing payroll. 

• Know how to register for PAYE, SDL and UIF. 

• Know how to calculate PAYE, SDL and UIF correctly. 

• Know how and when to submit payroll reports to SARS. 

• Understand the repercussions for late submission and non-compliance. 

• Understand ETI and how it can benefit his/ her clients. 

• Understand how payroll affects financial reporting. 

Content 

The webinar will cover the following topics:  

• Legislation governing payroll; 

  • BCEA and the Income Tax Act; 

• How to register for the different types of Payroll taxes: 

  • PAYE; 

  • SDL; and  

  • UIF. 

• Calculation of PAYE, SDL and UIF; 

• Completing the EMP201 and EMP501 returns. 

• Timeous submission of returns. 

• Penalties for late submission of returns. 

• Employment Tax Incentive and its benefits.  

• Effect of payroll on financial reporting.

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 

About the presenter 

Russel Ngobeni 

Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology. 

Russel is the Shinyawani Group of Companies (Pty) Ltd.  He has won various entrepreneurial awards in the province of the Free State.  

Who should attend 

The following persons will benefit from attending this webinar: 

• Practising bookkeepers; 

• Payroll administrators. 

• Payroll department support staff. 

Price  

• R475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

• R0.00 - Paid CPD package subscribers.  

Steps to register for the event:  

1. You can either attend the event as a non-CPD subscriber or as a CPD subscriber.  

   • Option 1: Non-CPD subscribers pay the full event price.  

   • Option 2: Paid CPD Subscribers pay a monhtly fee and attend the event at no additional cost.   

2. Under both options you first have to obtain a free CPD Subscription account. This gives you access to free events and registers you as a user on the system.  

3. Once you have a free profile you can select between Option 1 or 2.  

4. Find out more about the benefits of being a CPD subscriber and attend this event for free - Click here 

Additional material 

By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and / or course material where available 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar