With tax season in full swing, employers and payroll managers are very likely feeling the pressure. Your approach to calculating payroll taxes over the past year will impact whether your employees have problems when they submit their returns. Many South Africans are extra nervous about this year’s tax season. SARS is under fire for tax [...]
The growth of the South African economy is inextricably linked to the success of our small businesses. But what exactly constitutes a small business? The Banking Association of South Africa defines a small business as any entity with 50 employees and an annual total turnover of between R3m and R32m – depending on the sector in [...]
When companies expand into Africa, they typically have excellent intentions. Sure, they want to advance their financial interest, but they also want to create jobs for locals, contribute to their communities, and – perhaps most importantly – follow the letter of the law precisely and without compromise. But this is easier said than done. Payroll [...]
Managing your company’s payroll doesn’t have to be an administrative nightmare. The bigger the enterprise though, the more onerous the job is. Payroll managers at multi-national organisations have to pay close attention to a variety of factors like local legislation and regulatory requirements – as well as be available to employees across various time zones. [...]
The 2016/17 tax year end deadline is fast approaching for many businesses. This can be a stressful time for your company’s finance departments and payroll managers. The right tax year end checklist can help you simplify the process and avoid any administrative delays – or headaches. To ensure a smooth tax year end, here are [...]
As Africa’s economy strengthens, the continent is attracting multi-nationals from all corners of the globe looking to benefit from this growth. Expanding your business into these new territories is an exciting yet challenging endeavour. To establish new offices as quickly and efficiently as possible, most companies will send some of their existing employees out to [...]
Powerful Business Intelligence Platform Our Cloud Analytics toolset has become very popular and delivered tremendous value to clients that are already using it. Users are creating powerful dashboards and custom reports for themselves that encompass unique business requirements. To date, Cloud Analytics was only available to admin type users who have full access to a [...]
Whether you’re a start-up with one employee, or a global business with hundreds, addressing employee payroll needs can be a time intensive job, especially when dealing with multiple tax territories and international compliance procedures. PaySpace’s Clyde van Wyk considers why limited legacy infrastructure and new automation technology means expansion into Africa, a continent with 54 countries and 54 different sets of payroll rules, doesn’t have to be a painful process.