ARE YOUR PAYROLLS COMPLIANT WITH TAX LAWS AND REGULATIONS?

Absolute payroll accuracy is imperative in any organisation to ensure compliance with relevant laws and regulations in South Africa. It is critical that management mitigate risks to ensure there are no tax exposures on their payroll.

Need help with a payroll review or audit?

SPEAK TO AN EXPERT TODAY

WHY IS IT IMPORTANT TO HAVE MY PAYROLL IN ORDER?

No one likes it when SARS or Unions come knocking and asking questions. Especially if your affairs aren’t in order and not compliant with tax laws and regulations within South Africa. The laws are ever changing, and it is critical that management mitigate risks. Setting up your payroll correctly to comply can be quite complex if you’re trying to do this yourself, but luckily you don’t have to…

WE ARE EXPERTS IN THE FIELD OF PAYROLL ACCURACY

Our services extend to payroll reviews and audits to assist organisations in attaining complete compliance to tax laws. Our expertise incorporates employee benefits, employee communication on remuneration and reward and generally providing leading practises and innovation.

We perform payroll reviews of the company’s payroll at a detailed level, to determine the completeness and accuracy of the payroll information, payroll wage-type set-up and whether this is aligned to company policy and bargaining unit agreements (where applicable), fund rules, various insurance related elements per insurance company premiums/ unit rates, relevant tax legislation and other Statutory Laws.

OUR APPROACH

We rely on the company to provide us with accurate and complete information in order to be as efficient as possible when reviewing the company’s payroll. The process typically includes:

Data gathering

data consolidation

re-calculation and verification of payroll elements

wage type set-up verification

OUTCOMES OF A PAYROLL ACCURACY AUDIT

The final deliverables will be provided on the completion of a payroll audit and typically include:

Final report containing payroll findings, payroll best practice and recommendations.
Excel-based appendix containing the re-computations of all payroll.
Payroll wage type set-up and treatment matrix indicating where there are discrepancies.
Final feedback sessions to present the outcome of the payroll review and verification process.

WHAT IF SARS ALREADY CAME KNOCKING?

If it’s during a SARS audit, we will assist in the following way:

Reviewing of corporate information requested by SARS and being obtained by your corporate team, ETI information and PAYE additional requests (the one item not requested before).
Compiling information in appropriate manner for SARS audit, including performing and / or reviewing reconciliations performed by client, requests for additional information where any prima facie items identified, addressing same and general ensuring of a well-managed and fully compliant providing of information.
Attendance to SARS on site visit, thereby ensuring optimally managed process.
Dealing with any additional SARS requests.

If it’s after a SARS audit, SARS will issue a “Letter of Findings” and which will allow the client to respond before any tax assessment is raised. We will be ideally positioned to assist herewith, however, where SARS finds nothing this will not be issued, or SARS may find items which the employer agrees with; in which case limited professional involvement will be required. We will provide detailed scope and costing hereon if-and-when such findings may be issued.

WE HAVE IN-DEPTH EXPERIENCE ON ALL ITEMS RELATING TO EMPLOYEE PAYROLL AND
WE ARE COMFORTABLE THAT THERE ARE NO AREAS OF PAYROLL WHICH ARE TOO COMPLEX TO COVER

SPEAK TO US ABOUT YOUR PAYROLL ACCURACY NEEDS

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Kindly note that our offices are closed between 25 December 2024 and 1 January 2025 and as such there will be a delay in our normal expeditious response times. Our teams are taking a short festive season break and will address your query upon their return on Thursday, 2 January 2025.