The increasing complexity of taxes and levies in South Africa, the demands to maintain competitive structuring of packages and the need to provide innovative benefits are placing an enormous burden on payrolls and those members of staff responsible for them. It is essential that every organisation find cost-effective, reliable and hassle-free ways of coping with the highly sensitive area of payroll administration. Outsourcing this function to professionals, who are skilled, focused and equipped to handle all the complexities of remuneration and its administration is therefore the ideal solution.
LabourNet Payroll Services includes a comprehensive payroll administration service that deals with the related accounting work, payments and reconciliation.
Errors on payrolls not only frustrate and annoy employees, but can also give rise to penalties for non-compliance with the requirements of tax and other relevant legislation. To ensure peace of mind and eliminate the problems associated with payroll errors, LabourNet Payroll Services offers a number of payroll review and audit services to check that the set-up, structure and processing of a payroll is correct in every respect.
A multiplicity of skills are required to effectively administer a payroll in the highly legislated South African business environment and the only effective way of achieving this is to outsource the whole responsibility for payroll processing. The outsourcing option offers a number of benefits which:
remove the risks of resignations and non-compliance with legislation
eliminate the problems with accuracy and controls
give more flexibility and processing options
There is an initial take on fee calculated on the number of employees and thereafter a fee per payslip which is dependant on monthly or weekly payments.
Processing of salaries and wages including production of payslips
Administration and payment of all statutory and non-statutory 3rd party payroll deductions and employee contributions including garnishee orders
On an annual basis all reconciliation's and submissions to SARS as well as printing of one IRP5 per employee.
Processing of ad-hoc bonus/incentive payments with PAYE deductions and payments into employees bank accounts.
Manual payment of salary advances and reconciliation of earnings on the following month's payroll run.
Adherence to legislative requirements for tax, UIF, SDL, RSC levies etc.
An array of standard management reports can be generated from the payroll system. These generic reports should suit most organisations. Customised reports can be made available at an additional cost.
General ledger interface with payroll (Journal)
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