21
Dec
The effect of AI on innovation in payroll
Innovation cycles are a key catalyst for growth and play a critical role in both entrepreneurship and economic development. The term ‘creative destruction’ was first coined in 1942 by economist Joseph Schumpeter. It refers to the dismantling of tradi...
21
Dec
Generating new business and thriving
Generating new business has changed as Covid-19 changed the world as we know it, and along with it, customer expectations. Everything is evolving and those organisations that want to thrive, add value, and solve customers’ challenges, will need to ha...
27
Nov
Gearing up the payroll for the festive season
Sorting out payroll and bonuses at the end of each year can be a stressful time for all involved, but it doesn’t have to be. There are several steps organisations can take to ensure the process is smooth and effortless.
What is critical is knowing...
27
Nov
Hybrid Events are the way of the Future
The global pandemic stopped meetings, conferences, and events in their tracks. Like every other industry, the events industry went through an unprecedented time, and had to reinvent itself in order to survive.
The pandemic accelerated the digital ...
27
Nov
Cyber Security Awareness Month Is a Good Time to Review Your Payroll Provider
Regardless of their size or industry, most South African organisations are vulnerable to cyber breaches, not only from outside the company, but from within, too. Payroll data and records are a potential goldmine for cyber criminals because the conseq...
09
Nov
Kenya Interest Rate Change 2021
The latest on the Kenya Interest Rate Change 2021. Including details on Fridgen Benefit Tax and Low Interest Rate.
01
Nov
10 Steps to Pain Free Interim Reconciliation Processing
Companies of every size and in every industry have a lot on their plate when it comes to tax-related paperwork. While it is often an arduous task, ensuring accurate submission and meeting SARS deadlines is one of the most important responsibilities t...
03
Oct
Breeze through Bi-Annual Tax Submissions with Cloud Payroll
It’s that time of year again – the interim PAYE Employer Reconciliation period for the 2022 tax year opened on 13 September 2021, with the deadline for filing the reconciliation on 31 October 2021.Although the practice of submission is thought to be ...
15
Sep
What is Payroll
Payroll is the largest expense of an organisation and should be managed with attention to detail to pay employees accurately and on time.
The payroll division has the added pressure of legislative compliance as stipulated in the Income Tax Act and managed by the Revenue Authority. In addition, the company policies must be enforced considering the leave rules and onboarding procedures and adherence to reporting requirements for payroll funds such as Medical Aids and Retirement Annuities.