Payroll Administration
The more efficient way!
Payroll Administration
Payroll Administration, Employees Tax and other relevant Statutory Requirements
Whether you have one employee or a hundred, we can administer and manage your entire payroll function.
From the monthly payment of salaries or weekly wages, to the submission of your PAYE returns and your IRP 5 reconciliation, we can assist from handling the entire process to handling just the part of it that you wish to delegate. It has been our experience that it is often the smallest of payrolls that are the most neglected.
No payroll is too small to be managed properly and in the most tax efficient way. If you are not compliant in terms of the law, the number of employees on your payroll is irrelevant.
Our full payroll service includes employment contracts, your registration for Workman’s Compensation, the payment of your levies in this regard as well as a comprehensive advisory service that will ensure that you stay on the right side of the two biggies in labour law – The Basic Conditions of Employment Act and the Labour Relations Act. In this case, procedure is nine tenths of the law, and employing staff should not be more costly than the monthly salary bill.
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What is Payroll?
If your business has employees, you’ll have to do payroll.
What is payroll?
1. Payroll refers to the employees you pay, along with employee information.
2. Payroll is also the amount you pay employees during each pay period.
3.Or payroll can refer to the process of actually calculating and distributing wages and taxes.
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What is payroll?
1. Payroll refers to the employees you pay, along with employee information.
2. Payroll is also the amount you pay employees during each pay period.
3.Or payroll can refer to the process of actually calculating and distributing wages and taxes.
What do
I need?
Employee information:
Before you can begin to run payroll, you need to collect some information from your employees. Every employee needs to fill out form. This form will provide you with information about each employee’s federal income tax withholding, along with their name, address, and Social Security number. You need all of this information to properly run and distribute payroll.
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Before you can begin to run payroll, you need to collect some information from your employees. Every employee needs to fill out form. This form will provide you with information about each employee’s federal income tax withholding, along with their name, address, and Social Security number. You need all of this information to properly run and distribute payroll.
Your payroll questions answered
Hours worked
If you have hourly employees, you have to keep track of the hours they work. This will ensure you pay your employees the proper amount. If you have salary employees, you may want to track the hours they work to make sure they are putting in all of their time.
Time off
You may also want to track the time your employees take off work for vacation, sick time, and holidays. What is sick pay like at your company? This is important if you have a policy that says how much time employees are allowed to take off.
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If you have hourly employees, you have to keep track of the hours they work. This will ensure you pay your employees the proper amount. If you have salary employees, you may want to track the hours they work to make sure they are putting in all of their time.
Time off
You may also want to track the time your employees take off work for vacation, sick time, and holidays. What is sick pay like at your company? This is important if you have a policy that says how much time employees are allowed to take off.
Elements of payroll simplified
Fringe benefits
Fringe benefits are considered as compensation. Benefits can include education assistance, medical aid, retirement plans, and employee discounts. Any benefits you offer should be included in payroll. Most fringe benefits are taxable.
Other pay
Your employees could have additional sources of pay. Service workers may receive tips. Employees must report all tips to you, and there are payroll taxes on tips. You may also choose to pay your employees a commission or a bonus pay. You should include commissions and bonuses when you run payroll.
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Fringe benefits are considered as compensation. Benefits can include education assistance, medical aid, retirement plans, and employee discounts. Any benefits you offer should be included in payroll. Most fringe benefits are taxable.
Other pay
Your employees could have additional sources of pay. Service workers may receive tips. Employees must report all tips to you, and there are payroll taxes on tips. You may also choose to pay your employees a commission or a bonus pay. You should include commissions and bonuses when you run payroll.
