Registered Accountants & Tax Professionals.
We serve clients in South Africa and internationally
Any entity (companies, close corporations, trusts, individuals, sole proprietors or partnerships) that will be paying salaries and wages to directors, members, partners or employees must be registered as employers at the Unemployment Insurance Fund (UIF) separately from SARS's registrations.
SARS only collects the funds for UIF and therefore does not keep the employment records of employers for UIF claims.
Such records must be kept up-to-date at the UIF offices or else a retrenched employee (for example) would not be able to claim UIF even though the employer made payments legally to SARS during such employee's employment period.
Taxrek looks after the full payroll function of our corporate clients and therefore will be making changes automatically with the UIF offices on our client's behalf once employees are newly employed or discharged for any specific reason.