FINAL ANNUAL 2018 EMPLOYER RECONCILIATION - PAY-AS-YOU-EARN “PAYE”

It’s not a surprise that around this time you find Accountants, Tax practitioners and Payroll personnel running around trying to ensure that the data required for the Annual Employer Declaration is ready for submission to SARS.

The Employer Annual Reconciliation started on 1 April 2018 and employers have until 31 May 2018 to submit their Annual Reconciliation Declarations (EMP501) for the period 1 March 2017 to 28 February 2018. Reconciliation are in respect of the Monthly Employer Declarations (EMP201) that have been submitted during the year, payments made, Employee Income Tax Certificates (IRP5/IT3 (a)) and Employment Tax Incentives (where applicable).

CMV CLIENTS – WE DO IT FOR YOU

By 31 May 2018 we will have reconciled your payroll and submitted the required files to SARS. We make sure that the payroll data from 1 March 2017 to 28 February 2018 reconciles with the figures submitted on your monthly EMP201 returns to SARS and that these amounts agrees with the amounts that were paid.

I AM NOT A CMV CLIENT BUT NEED HELP

Of course, we will help you! All we need is your payroll record from 1 March 2017 to 28 February 2018, your submissions to SARS and a record of payments made. Please also include SARS Efiling username and password for submission.

Make sure to not miss the submission deadline!

Should you have any questions, talk to Gavin Lindeque: gavin@cmv.co.za

Please note: Employers are required to submit their reconciliation declaration to SARS twice a year. The interim reconciliation is for the six-month period 1 March to 31 August and must be submitted during September and October. The final annual reconciliation is for the full tax year 1 March to 28/29 February and must be submitted during April and May.

CMV Group of Companies

Tel : 012 991 4400
Fax : 012 991 3001
Physical: 17 Midas Avenue, Olympus, Pretoria, 0081
E-mail: info@cmv.co.za

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