This means it’s time for filing the Interim tax reconciliation.
Hello September! As we bid August farewell, it’s time to gear up for the Interim Tax Reconciliation season. The Employer Interim Declaration (EMP501) submission window opens soon, requiring employers to reconcile their Monthly Employer Declarations for the first half of the year.
You’ll find the weekly and Africa updates and resources to help you stay informed and on top of your payroll responsibilities and legislative changes you should know. We’ve got you covered!
New Product Features
The Job Management screen has been converted to NextGen and includes a refreshed and modernized interface as well as the benefit of several improvements designed to optimize efficiency.
“Who is HRMASTER?“…you might still be wondering… Discover the answer and explore our exciting new offerings and changes in our September webinars – watch, learn, and subscribe on our YouTube channel for all the latest updates.
Goodbye August – this means it’s time for filing the Interim tax reconciliation.
The Employer Interim Declaration (EMP501) submission opens mid-September, and must be made by 31 October. Employers must reconcile their Monthly Employer Declarations (EMP 201) for the first 6 months of the reconciliation year (1 March to 31 August 2023).
Useful information to check to prepare your submissions for this half-year reconciliation season:
- employee address (postal and residential)
- Employee bank account details
- Employee Income Tax Number
- Valid employee Identity number
- Payroll figures for PAYE, UIF and SDL actually paid
- Register your company on E@syFile , if you have not done so. (Download from the SARS website).
Please note: tax certificates are not issued at this time (only at financial year end, or when an employee leaves the company).
If the thought of another employee tax filing experience leaves you weak at the knees, consider signing up with Paymaster Payroll Solutions. We will reconcile all the tax information monthly, leaving you to focus on your core business functions. You will wonder why you waited so long to do this! Contact our help desk at email@example.com.
EE Amendment Bill
2023 reporting period
The 2022 EE Amendment Bill has not yet been signed into law. This means employers must submit their 2023 EE Reports using the current EEA. The reporting period opens 1 September (manual and online submissions). The closing date is 2 October (manual) and 15 January 2024 (online submissions ). It is mandatory to submit these reports. Go to the DOL portal for all Employment Equity Online Reporting services and questions.
Employer Interim Reconciliation Period 202308
SARS will again provide employers with an opportunity to test the updated e@syFile™ Employer build before the formal release opening on 18 September 2023 for the Employer Interim Reconciliation.
See the Business Requirements Specification here – SARS_PAYE_BRS – PAYE Employer Reconciliation_V22.1.1 for the Employer Interim Reconciliation submission period 202308.
For further information, please Click Here
‘E-Wallet’ has been added to the Payment Method selection list on the Employee Banking Details screen.
The E-Wallet option is treated the same way a Cash Payment is done. This method will not appear on the salary payment file as no bank details are specified but will display as a payment method on the Net Payment listing report. This will allow administrators to easily see which employees are paid using E-Wallet. Click below for instructions how to process the E-wallet payment method.
Download how to process the E-wallet Payment Method
Staff Bio – Meet Nureeyah Davids
Nureeyah is the youngest in a big family, and enjoys mom’s home cooking (especially yummy butter chicken) and hanging out with her cat, Lady. She likes watching historic tv shows set in a simpler time, or medieval dramas like Game of Thrones. Although she grew up near the beach, she is not a great fan of spending time there, choosing rather to disappear into books.
Welcome to the Paymaster family, Nureeyah. We look forward to working with you, and seeing you grow and flourish in your new job.
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New Product Features
Job Management screen
The Job Management screen has been converted to NextGen and includes a refreshed and modernized interface as well as the benefit of several improvements designed to optimize efficiency. Hover over the images to magnify. 🔎
Some of the exciting enhancements introduced as part of this conversion include:
- Bulk Upload Functionality: Users can now take advantage of a convenient bulk upload feature for Job Management. Users are able to create and update job records in bulk. The bulk upload also includes custom fields.
- Employee History visibility: With the conversion to NextGen, users now have the ability to access and view the history of employees who were previously attached to specific jobs.
Together with the screen conversion to NextGen, the Job Management Custom fields have also moved from the Classic Job Management Historical Categories and Fields to our NextGen custom fields.
New location: Config > Basic Settings > Custom Screens and Field
For customers using the below company setting:
This has been made redundant, a Webhook can now be configured by selecting the Job Management object. This will enable the link on the job records.
Empower Yourself with Skillmaster’s Free E-Learning Course for Women!
Have you heard? Skillmaster is offering a fantastic opportunity for women to upskill and enhance their career prospects with a FREE online course – Women in Leadership. Don’t miss out on this chance to boost your knowledge and open new doors. Register now, for free, and take a step toward a brighter future!
Skillmaster is a valued offering under the HRMASTER umbrella, bringing you exceptional E-learning opportunities.
Weekly and Africa Updates
Welcome to the payroll news updates! Here, you will find the latest updates and information on all things payroll. We’ve got you covered from employee payroll and payroll tax to payroll management and payroll software.
You’ll find the weekly and Africa updates and resources to help you stay informed and on top of your payroll responsibilities and legislative changes you should know.
New Feature | Maintaining Public Holidays
Nextgen Payroll Reconciliation Report | New parameter
South Africa | Bi-Annual Submission Changes 2023-2024 on the Tax File
Zimbabwe USD | Form P4A Report Enhancement
South Africa – New Pension and Provident Fringe Benefit Components
Kenya – Finance Act Changes July 2023
Zanzibar – Skills Development Levy Amendments
Exciting News from HRMASTER!
We’re thrilled to announce that throughout the month of September, we’ll be sharing insightful webinars with our valued clients and potential partners. These webinars will delve into the exciting new offerings and changes that have taken place under the HRMASTER umbrella, including Paymaster, Skillmaster, Timemaster, and additional HR services. It’s the perfect opportunity to meet the key individuals behind these developments and gain a deeper understanding of our expanded services and branding.
Whether you’re a long-standing client or someone interested in learning more about our comprehensive solutions, these webinars are not to be missed.
Stay tuned to our social media channels for updates on when these webinars will be unveiled, providing you with an engaging and informative experience that sheds light on the new face of HRMASTER.
And that’s not all – these webinars will also be available on our YouTube channel! Be sure to subscribe to our channel to catch all the latest updates and insights. If you’ve been wondering about our recent changes and branding shift, this is your chance to get all the answers you need.
Welcome to our “Free Payroll Knowledge” Q & A series! We understand that payroll can be a complex and challenging task for small businesses, which is why we want to help. We’re excited to announce that our Q & A virtual sessions will take place twice a month, on a Wednesday at 10:00-10:30. The series will be an open discussion format.
Ask any payroll question, we have the answer!
We will be announcing the details of each webinar on our social media channels, so be sure to follow us to stay updated.
You can join the webinar using the link we will provide.
Next Q&A Session:
13 September 2023