Payroll Essentials for Bookkeepers
Overview
This webinar, "Payroll Essentials for Bookkeepers," provides bookkeepers and accountants with a comprehensive understanding of the critical aspects of payroll management. Participants will learn about essential payroll procedures, relevant laws, and SARS regulations, ensuring compliance and accuracy in payroll processing. The session covers key topics such as calculating gross and net salaries, understanding UIF, SDL, and COIDA, and managing payroll submissions like EMP201 and EMP501. Attendees will gain practical skills to handle payroll tasks efficiently and confidently.
Join Doubt Moyo as he shares his expertise on mastering payroll essentials and navigating the complexities of payroll management.
Learning objectives
By attending this webinar you will gain the following competencies:
-
Understand practical techniques to accurately calculate gross and net salaries.
-
Have the ability to manage transactions from external sources such as investment income, medical aid/insurance contributions, pension or provident fund contributions, and retirement annuity contributions.
-
Gain knowledge on the appropriate timing and process for registering for PAYE, SDL,UIF, and COIDA.
-
Acquire the necessary self-assurance to efficiently get ready and submit an EMP201 form
-
Learn how to correctly perform payroll reconciliation, submit the EMP501 return, and produce employee tax certificates (IRP5s).
Content
The webinar will cover the following topics:
•Pay As You Earn
•Unemployment Insurance Fund (UIF)
•Skills Development Levy
•Compensation for Occupation Injuries and Diseases (COIDA)
•Monthly statutory returns
•Bi annual returns (EMP501 and tax certificates )
•Accounting for payroll
-
General overview
-
Journal entries
-
Leave provisions
