Tax specialists are an invaluable and vital component in the payroll process.
No employer can afford not to be ahead of current trends.
Our specialised team looks after your best interests with relation to payroll and HR requirements, effectively managing the payroll process and ensuring full compliance with SARS.
The first step to this trusted relationship lies in the method and procedures the employer adheres to when dealing with their staff's weekly, fortnightly or monthly remuneration.
Either our specialised team works in conjunction with your current payroll/HR department or the entire payroll function can be outsourced to us.
Taxrek provide all our business clients access to the payroll portal as part of our real-time web-interface ERP system.
The ERP allows payroll-clients full access or limited access (depending on your staff members access requirements) to your company's payroll, whereby the staff members' details can be updated, payslips generated (weekly, monthly and fortnightly), monthly analysis furnished for an individual or corporate level and much more.
Our firm will be overseeing the process and will be able to give invaluable advice from an income tax specialist's point-of-view, ensuring that the correct income structure exists for your staff members.
Payroll directly relates to income tax and a specialised team must do the quality control and assurance.
Our firm also ensure that the monthly PAYE returns and 6-monthly reconciliation is submitted timeously and correctly.
The new penalty regime that SARS implemented as part of the Tax Administration Act (TAA) would cause penalties to be raised on incorrect submissions of returns to SARS.
Therefore, quality assurance is extremely important indeed.
