Recent changes to important aspects of payroll related legislation are complex, making them difficult to apply correctly. Incorrect application may lead to the danger of becoming non-compliant. This morning webinar will explain the following topics in detail, using examples where possible to give you a clear understanding of the requirements and how to apply them.
‘Fixed Rate’ PAYE Calculations
All aspects of the PAYE calculations for the new SARS rate, Directives, and the 25% rate for non standard employment will be explained.
Meals & Incidental Expenses
Reimbursements and allowances are confusingly very close to one another when taxing and reporting meal and incidental expenses. To help clarify the tax rules, subsistence allowances are explained in detail, followed by the recently introduced reimbursements for meals and incidental expenses for ‘day-only’ business trips. Both can be tax free if correctly calculated and reported on tax certificates.
Long Service Awards
The recent expansion to the tax rules are explained in detail, allowing you to change your long service award policy to get the best results for your company and to reduce tax for your employees. The discussion includes the new types of awards, as well as the new Tax certificate codes and reporting rules.
Significant changes have been made in the past few weeks to the way in which Directives must be reported on Tax certificates for the August 2022 interim tax certificate submissions.
Employment Tax Incentive ETI Abuse
To curb the abuse of ETI, significant changes were made to the employee and remuneration definitions, incorporating BCEA requirements and putting the focus on training issues. The concepts of a ‘qualifying employee and ‘qualifying months’ will also be discussed in full.
Your questions are welcome, and you will be provided with the slides and a comprehensive workbook for later reference purposes.
Webinar Price – R1495 p/p
Duration: 09h00 – 12h30
When: 14 June 2022
Presenter: Rob Cooper
Rob is a founding member of the Payroll Authors Group of South Africa, a body that represents the payroll industry in discussions with the statutory bodies since 1989. As chairman of the PAGSA, his focus over the past 33 years has been on the diverse legislation that governs the employment and payroll industry. He is held in high regard as an employment tax expert and is a respected writer and presenter at tax seminars and workshops around the country.
For further info please contact us: [email protected] or 011 304 1820