Legislation

Mar 18 2016

Newsflash courtesy of SAPA

Q: I calculate leave pay based on basic salary/21.67. Should one use Cost to Company with values of basic rate plus medical plus pension and travel allowances?

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Mar 10 2016

The 2nd of March 2016 served as a momentous occasion as individuals arrived at The Da Vinci Institute in anticipation of the journey that lies ahead.

The Da Vinci Institute hosted the very first workshop of the BCom (Business Management) programme applied to Payroll employees. Together with Da Vinci associate Accsys, and the South African Payroll Association (SAPA), the design and development of the qualification serves to cultivate managerial leaders within the field of payroll management.

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Mar 7 2016

Newsflash courtesy of SAPA

2016 Tax Year Filing Season

SARS has not officially published an opening date for the filing season (for our tax certificates for the tax year ending on 29th February 2016), which would traditionally have opened on the 1st April, 2016. The closing date has been announced as the end of May, 2016.

BCom for Payroll Employees

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Feb 19 2016

Newsflash courtesy of SAPA

Retirement Fund Reform

This has been a week of uncertainty with regards the Retirement Reform, which are due to change (amongst other things) the way payrolls process retirement contributions.

The Ministry of Finance released a media statement yesterday, 18th February 2016, clarifying the situation (see the official notice here).

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Feb 16 2016

We are holding our breaths at the moment, and anxiously speculating on what the Annual Budget speech will bring us this year.

Finance Minister Pravin Gordhan, who was reappointed at the end of last year, will be presenting the budget speech to Parliament on the 24th February 2016, at 2pm.

Rumours of leaked information, predictions and statistics are steadily making the rounds.

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Feb 5 2016

Newsflash courtesy of SAPA

Tax calculation changes for March 2016

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Jan 15 2016

Newsflash courtesy of SAPA

Your Payroll Questions Answered

Q: Would a full time employee who only earns commission be entitled to annual and sick leave?

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Dec 11 2015

Newsflash courtesy of SAPA

Retirement Funding Reform Update

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Nov 27 2015

Newsflash courtesy of SAPA

Minimum wages for Domestic Workers Increased

On Monday 16th November Minister of Labour Mildred Oliphant announced upward adjustment to Domestic Worker wages, effective 1st December 2015 (and valid until end November 2016).
The changes are as follows:
a. An employee that works more than 27 hours in Area A (major metropolitan areas) should be paid no less than an hourly rate of R11.44, R514.82 weekly and R2 230.70 per month.

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Nov 13 2015

Newsflash courtesy of SAPA

Retirement Reform Update

The Retirement reform changes were supposed to take effect on 1st March 2015 as proposed in the Taxation Laws Amendment Act 43 of 2014. This was later changed to 1 March 2016 (T-Day).

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