Overview

Please note that this course is based on South African taxHave very little knowledge on how to even beginThis course is designed for accountants, bookkeepers, business owners, admin staff, HR professionals, and any individual with little or no knowledge of payroll requirements and payroll structuringWhat does the Tax Administration Act say about the employer's responsibilities with regards to the employee's payrollAccording to the TAA Tax Administration Act, every employer must keep a record of all remuneration paid, employees' tax deducted in respect of each employee, and SDL and UIF contributions This register must contain personal particulars as well as financial details of each employeeThis record must be kept for a period of five 5 years from the date of submission of the return and from the end of the relevant tax period The employer must retain such records and make them available for scrutiny for the prescribed periodEmployers who supply the tax certificate information on an electronic medium or electronically must also keep such records for the prescribed periodDuring the course, the following topics will be discussedDefinitionsTax Tables, Rates, and RebatesExemptions IndividualsDeductions EmployeesDeductions RetirementFringe BenefitsSubsistence AllowanceTravel AllowanceDeductions Travel ExpenseYouth Employment Incentive ETIRelocation of an EmployeeWear and tear allowanceSkills Development LevyIRP5 and IT3 Certificates Source CodesBursaries and tuition feesIndependent ContractorsSalary SacrificeMedical Aid RebatesRetirement, Pension, or Provident Fund ContributionsAbout the presenterRuzel van JaarsveldShe has over 23 years of financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, inventory control, management accounts, efiling, and procedures for importing and exportingShe is a seasoned facilitator with Biz Facility and, for numerous years, has been presenting various national practical financial workshops to business owners and corporate financial staff

Skills

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