Payroll and Human Resources Articles

South Africa Interest Rate ChangeThe “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.50% with effect from 01 June 2023.Click here for the South African Reserve Bank website.Int...

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The Minister of Finance and Economic Affairs in his Budget Statement to Parliament in March 2023, announced new measures for Domestic Taxes.The measures became effective April 2023, following the publication of the Taxation (Amendment) Act.The follow...

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As a business, navigating every new tax increase that is enforced can be time-consuming and difficult. However, if you missed the Nation Budget Speech, or have forgotten what was announced, we've got you covered! In this article, we will discuss some...

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In terms of Statutory Instrument 64 of 2022, gazetted on 01 April 2022, the monthly insurable earnings ceiling is now reviewable quarterly. The insurable earnings ceiling for the months of April, May and June 2023 is ZWL 518 239.00. Click here to...

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On 24 March 2023, The Minister of Finance published the Income Tax (Amendment of Monetary Amounts) Regulation (Legal Notice No.23 of 2023), containing the new tax rates effective 1 April 2023: • the tax credit has been adjusted from M10 560.00 to M1...

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The South Africa official rate of interest or “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.50% with effect from 01 April 2023. Click here for the South African Reserve Ba...

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If you were hoping that the SARS interest rates for 2023 would be better than those in 2022, then we hate to disappoint you. While they do remain high and SARS (The South African Revenue Service) has increased their interest rates, it is important to...

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If you have a company with employees, then you will be required to submit an EMP501 reconciliation form. It is extremely important that you do this submission correctly, and do not miss the due date on this submission. In this article, we will cover ...

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Get the Payroll and HR Support and Service You Need When You Need It! As a business owner, you know that payroll and HR are crucial parts of running a successful company. However, these tasks can be time-consuming, complicated, and prone to errors. ...

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