GreatSoft News
What you need to know about SARS auto assessment
News Article – SARS Notice: Auto Assessment rules for 2022 Payroll system functionality traditionally ends with the creation of tax certificate files for submissions and reconciliation and does not extend into income tax assessments and related processes. However, the notice from SARS outlining the latest auto-assessment rules is of direct importance for employees (taxpayers), and
A global corporate governance dialect hits our shores…
Confusion of Babylonian proportions….. Following the release of the Cadbury Report in the UK and shortly afterwards the first King Report in South Africa in the early nineties, a wave of corporate governance codes and reports followed. This resulted in more than 140 of the approximately 193 countries in the world today having some form
Why should you outsource your payroll?
Payroll Outsourcing is a service offered by an external entity that provides legal, tax, and accounting support to companies to ensure that employees receive their payslips in a timely and accurate manner with minimal risk. Current statistics have shown that over 40% of small to medium-sized companies are outsourcing their Payroll to a Bureau or
Outsourcing Company Secretarial Services
How did COVID 19 affect the roles of the Outsourcing Company Secretarial Services? During my recent research, I was mortified to find out the extent of company secretarial outsourcing services that had been affected by the pandemic. Many company secretaries found themselves unexpectedly dumped back into the job market. Perhaps facing a reality that they
How to choose the right Payroll Software for your business
When it comes to payroll, there are a lot of choices to make. And, with so many software options on the market, it can be difficult to know which one is the right fit for your business or how to choose the right Payroll Software for your business Here are a few tips to help
Tax Deductions (PAYE) on your Pension or Annuity
SARS has released a letter with regards to the Tax Deductions (PAYE) on Pension or Annuity in order to deal with the individuals who have Pensions and/or Annuity funds. According to the letter, these deductions will be effective from 1 March 2022. Tax Deductions (PAYE) on your Pension or Annuity Where a pensioner has one
