Employer Salaries Self-Study Package

SKU 00212
R1 800.00
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Employer Salaries Self-Study Package
Product Details
This comprehensive package will allow you the opportunity to expand your knowledge at your own pace.
The self-study courses included contain comprehensive recorded content & practical notes to assist the learner to understand all aspects of this topic effectively:


COMPANY COMPLIANCE

  • Department of Labour – When and How to register and for what
  • UI-8 – What this form is for and what to do with it
  • UI-19 – What this form is for and what to do with it
  • Staff Files – Relevant documents needed to keep in a staff file
  • Staff Payslips – When to supply an employee with a payslip and what information is needed to include
  • Salaries & Wages – How to calculate pro rata salary, bonus, leave and sick leave
  • Staff Leave – How staff leave works and how to calculate unpaid leave
  • Leave – How annual leave works and how to calculate to pay out
  • CIPC – Annual return requirements and how to ensure that the company does not get deregistered because of failure to renew
  • Personal Income Tax – The company’s responsibility in terms of staff personal income tax as well as informing staff of their responsibility to submit their own income tax
  • Workmen’s Compensation – When to register for Workmen’s compensation, and how it works.
  • PAYE, UIF & SDL – Relevant deductions from staff salaries and submissions to SARS. (EMP201 Submissions)
  • IRP5’s and IT3’s – Issuing of IRP5’s and IT3’s and when required (EMP501)


PAYROLL

  • Definitions
  • Tax Tables, Rates & Rebates
  • Exemptions - Individuals
  • Deductions - Employees
  • Deductions - Retirement
  • Fringe Benefits
  • Subsistence Allowance
  • Travel Allowance
  • Deductions - Travel Expense
  • Youth Employment Incentive (ETI)
  • Relocation of Employee
  • Wear & Tear Allowance
  • Skills Development Levy
  • IRP5 and IT3 Certificates - Source Codes
  • Bursaries / Tuition Fees
  • Independent Contractors
  • Salary Sacrifice
  • Medical Aid Rebates
  • Retirement / Pension / Provident Fund Contributions


PAYROLL ON EXCEL

  • Monthly Payroll on Excel
    • PAYE
    • UIF
    • SDL
  • Reconciling to the EMP201 and EMP501
  • Tracking hours worked to calculate leave for first 6 months of employment
  • Pro Rata Salary, Annual Leave and Sick Leave Calculations
  • Submitting UIF manually
  • Calculating ROE amounts using the excel spreadsheet


EMPLOYER & EMPLOYEE: PAYE, UIF & SDL

  • Registration of your entity with both SARS and The Department of Labour – the two are NOT the same
  • How to calculate, submit and pay – and to who?
  • When is an employer compelled to pay SDL?
  • What tax relief systems are available to employers
  • How to effectively use your SETA
  • Introduction to Workmen’s Compensation and when is it compulsory to register


HOW TO CALCULATE A REASONABLE TRAVEL ALLOWANCE

  • Estimating a Travel Allowance for an Employee
  • Establishing the Rate per Kilometer of the Vehicle
  • Travel Allowance on Assessment – Source codes to use
  • How to TAX a Travel Allowance and under which circumstances
  • Employer reimburses the employee for business kilometers travelled in addition to granting a travel allowance
  • Supporting Documents to retain


EMP501 FINAL SUBMISSION: A Practical Step-by-Step Guide for Employers

  • What is the EMP501 submission?
  • The EMP501 Employer Reconciliation Declaration is the employer’s reconciliation of:
    • The EMP201 monthly declarations submitted to SARS,
    • The payments actually made to SARS, excluding penalties and interest, and
    • The IRP5/IT3(a) employee tax certificates issued for the relevant period
  • SARS requires employers to submit an EMP501 twice each year:
    • Interim reconciliation for the period 1 March to 31 August
    • Annual reconciliation for the full tax year 1 March to 28/29 February


All Included:

  • Video presented courses
  • Downloadable course material
  • Optional assessment
  • Certificate
  • SAIT Accredited (Verifiable CPD Hours)