Payroll for Bookkeepers
Presenters : Russel Ngobeni
Overview
Competency in payroll administration requires full knowledge of relevant legislation and SARS requirements. This role also requires accurate calculation and timely presentation of figures.
SARS has specific deadlines on submission of payroll returns as well as payment of the actual payroll taxes. When taxpayers fail to submit returns or pay what is due, SARS charges penalties and interest. It is therefore vital that payroll administrators are fully aware of what is required of them in their duties.
Learning objectives
By the end of this webinar the participant should:
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Have background knowledge to legislation that governs payroll;
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Understand how to register for and calculate PAYE, SDL and UIF;
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Know how and when to submit required SARS reports;
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Understand the repercussions for late submission and non-compliance; and
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Understand how payroll affects financial reporting.
Content
The webinar will cover the following topics:
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The Income Tax Act and the BCEA.
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How to register for payroll taxes:
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PAYE;
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SDL; and
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UIF.
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Calculation of payroll taxes.
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Completing the EMP201 and EMP501 returns.
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Timeous submission of returns.
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Penalties for late submissions.
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ETI and its benefits.
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Payroll effect on financial reporting.
