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8 steps to reconciling your SARS employer submission

Reconciliation involves matching all tax due (liabilities) with all tax paid and checking these against the total value of all tax certificates issued. These three amounts should all be equal. The reconciliation process only relates to the tax paid and not additional tax, penalties or interest. I've broken down the reconciliation process into eight steps.

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Yes, tips are taxable in South Africa

Contrary to what some people may think, the gesture of "tipping" or freely giving financial rewards for services provided, is taxable according to the South African Revenue Service (SARS).

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What is SARS’ new ruling on single registration?

The way you register for tax and customs, and update your existing details has changed from 12 May 2014. SARS will now have a 'single registration' of a taxpayer across all taxes they pay and legal entities they're associated with. Your employees will only have to register once as a new taxpayer – or you will need to register them - and add only the relevant details when they start paying. It will also now be easier for your employees to update their existing details.

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How does the new IRP5 tax directive affect your payroll?

A tax directive, which was released in December 2013, has created quite a stir in the payroll industry, with many payroll practitioners throwing their hands up in despair as they don't know how to interpret the document, says Sonika van Wyk: legislation business consultant at CRS Technologies. The 2015 Employers Guide has helped to clear up some of the confusion, especially around whether or not leave pay should be included on the directive application.

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Tax legislation addresses South Africa’s housing shortage

As President Jacob Zuma stated in his state of the nation address this year, 2014 is the deadline for housing in South Africa to be improved. Finance minister, Pravin Gordhan announced in the budget speech that new tax legislation will shift the burden of providing low-income housing to those in need to the municipalities to speed up the housing-delivery process. Now, government has made it easier for employers to give low-income employees housing.

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