Taxation laws amended: A new dispensation for employer-owned policies
- Payroll, Tax & Governance
- Published on 26 Jun 2012
- Tiny Carroll
The Taxation Laws Amendment Act 24 of 2011 (the Act) was promulgated on 10 January 2012. It withdraws all pre-existing dispensations for “employer owned policies,” typically referring to policies used in funding group life benefits, keyperson assurance, and deferred compensation schemes.
Understanding payroll
- Payroll, Tax & Governance
- Published on 26 Jun 2012
- HR Pulse News Desk
There are three main ways a company can manage their payroll services efficiently. These are: via online payroll solutions, outsourcing or utilising payroll software packages. The challenge is to make the right choice between the three. Here is a quick overview to help you make a decision.
We dare not fail
- Payroll, Tax & Governance
- Published on 26 Jun 2012
- Christelle du Toit
Both the Presidency and the Ministry for Women, Children, and People with Disabilities have said government has to achieve a target of at least 2% of its workforce comprising of people with disabilities by 2013. This drive, however, dates back many years, and while government says failure is not an option, it has failed in this regard before.
Trade unions vs big business-is it a question of semantics?
- Payroll, Tax & Governance
- Published on 26 Jun 2012
- Christelle du Toit
Big business and trade unions have always been at loggerheads. While the unions fight for their workers, big business fights for the bottom line. But is it really that simple? Earlier this year Loane Sharp, a labour economist at Adcorp, set of a war of words when he wrote in Business Day that unions are South Africa’s biggest stumbling block to job creation - seemingly a strong contradiction of what unions stand for, namely the protection of workers’ rights and work security.
