EMP501 Reconciliation
An EMP501 reconciliation is a report of all your employees’ earnings, which must be submitted to SARS. Employers are required to reconcile the payroll tax liabilities (PAYE, SDL and UIF), declared monthly on the Employer declarations (EMP201). It is the employer’s obligation to deduct and declare the correct amount of employees’ tax from the employee’s […]
The changing employment legislative landscape – Increase in the BCEA earnings threshold
As employers know too well, South African employment legislation creates an onerous and bureaucratic set of rules and regulations for employers to adhere to. Many commentators have noted that the legislation we need to comply with is more suited for implementation in developed countries and that it hampers business and especially the emergence of new businesses […]
WHAT ENGAGED EMPLOYEES DO DIFFERENTLY
WHAT ENGAGED EMPLOYEES DO DIFFERENTLY Most employees are not engaged — only 15% worldwide and just 34% in the U.S. are engaged, Gallup research shows. To figure out what’s gone wrong with their engagement, leaders should study the behaviors of their highly engaged employees: What are they doing that the others are not? Gallup, no […]
COVID-19 RELIEF MEASURES
On Monday, 23 March 2020, President Cyril Ramaphosa announced that a nationwide lockdown would be implemented from midnight on Thursday, 26 March 2020 to Thursday, 16 April 2020. This was implemented to flatten the curve and limit the spread of the Coronavirus (COVID-19). Lockdown presents many South Africans with several challenges. At CMV, we have […]