USING A PAYROLL SYSTEM
To simplify your monthly statutary obligations to SARS use a payroll system. I use Softline VIP for myself and my clients.
provides you with regular updates and support.
You can provide your employees monthly, weekly or bi-weekly professional payslips.
To keep a proper payroll system you need to keep the following information of your employees:
* Copy of a ID document
* Bank account details
* Income tax reference number
You will also need this information to submit the annual EMP 501 reconciliation to SARS. You submit all IRP 5 and IT 3(a) certificates of your employees together with this EMP 501 form.
Use Easyfile to do this reconciliation.
It can be downloaded