AUGUST 2011 BI-ANNUAL PAYE RECONCILIATION
September 2011
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The August 2011 Bi-Annual PAYE reconciliation
submission period is from 1
September 2011 to 28 October 2011 - All employers must prepare
and submit their declaration (EMP501) and employees' IRP5's to
SARS reconciling the PAYE/SDL/UIF paid during the first 6 months
of the 2012 tax year, being March to
August 2011. Omission of mandatory information (ie. the
employee’s income tax numbers) will be regarded by SARS as an
incomplete submission and will result in severe penalties being
levied. Penalties of between R250 and R16 000 per incomplete
employee information could be levied!!
Registration of employees is now made easier
via a new “ITREG” Bundle function on e@syFile, or you can
register manually via SARS E-filing.
Automated payroll software will allow for the
importing of the required employee information directly into the
e@syFile program - saving considerable time and
expense when compared to manual
calculations and capturing of the
mandatory information.
Should you like us to assist you with this process or assist you
with electronic income tax registrations for your employees
(either at your offices or directly on your behalf), please
contact Juanita Roman 021 - 683 4834 or
juanita.roman@mdacc.co.za.
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Alexis Sacks
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Dave Rich
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Important Note:
The information contained in this newsletter is of a general nature, and may in certain circumstances be subject to misinterpretation. Consequently, we recommend that our advice be sought when acting upon the information contained herein. Whilst every care has been taken in the compilation of this Newsletter, no responsibility of any nature whatsoever shall be accepted for any inaccuracies, errors or omissions.
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