As previously announced, SARS will put in place its mid-year tax certificate submission process in August this year. Having relaxed several of the validations, Karen Schmikl, legislation manager, Softline VIP, says SARS is fully expected to reinstate all rules for the new interim reporting period, placing significant pressure on employers to capture the necessary information.
“The submissions require a large amount of additional information. HR and payroll managers need to ensure they have captured all relevant data into the payroll to guarantee a successful submission to SARS, as well as avoid penalties for late or incomplete submissions,” says Schmikl.
Previously, SARS required an annual tax submission; however, Schmikl says the new system will not only ensure that companies are submitting information more regularly to SARS, but that all employees are registered for income tax.
“Employees who are not required to submit tax returns will still be registered and will also receive an income tax number,” says Schmikl. She says the process may be made easier with a possible electronic registration process.
Schmikl says employers can expect the following information to be a requirement for the next submission of tax certificate information to SARS:
* ID or passport number
* A contact telephone number
* Employee addresses
* Directive numbers
* Bank account details for employees who are paid electronically
She says it is vital that employers adopt the correct procedures now to ensure they are able to not only meet the deadline, but also submit the correct information. “A reputable payroll solution is the best place to start for companies of all sizes. It immediately reduces the burden and makes, what may seem a daunting task, into a simple monthly payroll requirement.”
With 24 000 customers, Softline VIP pays 3 million pay slips each month. “We have a great team of experts ready to assist customers to meet their SARS deadlines,” concludes Schmikl.
Contact Softline VIP on 0861554433, e-mail info@vippayroll.co.za or visit http://www.vippayroll.co.za.
Share
Softline VIP
Softline VIP is a leading supplier of payroll and human resource management solutions in South Africa, Namibia and Botswana. The company now boasts more than 24 000 clients. With three payroll and human resource management products, Softline VIP is able to meet the needs of any size company. Coupled with an extensive service offering, Softline VIP is the only payroll and HR solution geared to meet the challenges of the modern payroll office. The VIP Products are synonymous with ease of use, stability and reliability, with the flexibility to cater to the unique needs of every client. VIP promises long-term sustainability over and above legislative compliance. VIP understands the human resources and payroll environment and offers the client peace of mind by providing a total solution.
* Softline VIP achieved an overall fourth place in the top 10 for medium businesses in the Deloitte Best Company to Work For Survey 2009 and a second place in the industry category “business and professional services”. Softline VIP also emerged one of 48 participants out of an overall 98 to score above the standard of excellence threshold of more than 75%.
Softline VIP products include:
VIP Premier - Softline VIP also supplies leading technology to service large and corporate clients. VIP Premier is geared towards increasing the functionality of payroll systems and provides an uncomplicated solution for medium to large organisations. One of the key features of this product is that it is quick to implement in comparison to similar solutions. Meeting the needs of any payroll office and supplying the most suitable solution is important for Softline VIP as it strives to ensure practical solutions for all users. Our products are easy to use and reliable and the information produced is accurate and complies with all statutory requirements.
VIP Classic - VIP Classic is the perfect solution for clients with bigger operations than the one-man business. VIP Classic provides the same flexibility as larger systems but is aimed at the small to medium sector. This software offers a total solution to users.
VIP Essentials - VIP Essentials is geared to small businesses and contains the same ease of use and stability of all VIP's products. VIP Essentials is an affordable product making it an ideal solution for the small business paying less than 30 employees.
Softline has a solid track record of profitability and cash generation. The group delivers quality accounting, payroll and CRM software solutions that improve the efficiencies of businesses around the world.
Softline
Softline is a leading provider of accounting, payroll, CRM and ERP software solutions to small, medium and large sized companies. Founded in 1988 by Ivan Epstein, Alan Osrin and Steven Cohen, Softline was established during the formative years of the software industry and listed on the JSE Securities Exchange South Africa in February 1997. Softline expanded to establish a strong position within its area of focus in South Africa and Australia. Focused on the development of accounting, payroll, CRM and ERP software solutions, Softline has a 20-year track record as a market leader. The group has a broad range of products offering users a variety of software solutions to run their businesses efficiently. Softline's leading brands include Softline Accpac, Softline Pastel (Accounting and Payroll) and Softline VIP. The combination of the group's product offerings provides Softline customers with comprehensive, well-branded accounting, payroll, CRM and ERP software solutions. In November 2003, Softline was acquired by the Sage Group, a FTSE 100 company. The software group includes market-leading businesses throughout the United Kingdom, Europe, North America, South Africa and Australia, supplying business software to the small, medium and large sized business community. Softline has a solid track record of profitability and cash generation. The group delivers quality accounting, payroll, CRM and ERP software solutions that improve the efficiencies of businesses around the world.
The Sage Group
The Sage Group is a leading global supplier of business management software solutions and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has 6.1 million customers and more than 13 400 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information, please visit http://www.sage.com.
Editorial contacts