The employees tax EMP501 reconciliation is due to be submitted by the end of May 2012.
The process involves extracting the annual salaries of all employees, reviewing the PAYE, SDL and UIF calculations and then reconciling these to what has been submitted to the South African Revenue Service (SARS).
The Business Soul Accounting, Payroll Outsourcing provides monthly payslip and the automatic calculation of these amounts due to SARS. Our seamless integration into the Easyfile system allows for the accurate reconciliation of payroll.
The EMP501 reconciliation is currently a bi-annual submission. We expect this process will be needed monthly in future.
Please contact us if you have any questions.
Interesting blog. It would be great if you can provide more details about it. Thanks you
ReplyDeleteReconciliation Business
Thanks for your comment. We will put together some more information on the EMP501 reconciliation process in our next blog.
ReplyDeleteThank you for the info. It sounds pretty user friendly. I guess I’ll pick one up for fun. thank u
ReplyDeleteReconciliation Business