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Address: 11 North Road, Cowies Hill Park, Pinetown | Tel: 031 702 0449 | Fax: 086 605 2670

Posts Tagged ‘irp5’

Cloud Payroll Services – An Overview by Pay Solutions:

Pay Solutions Outsource Payroll Services use a cloud hosted Payroll / HR Solution called PSIberWorks. This can provide clients with online access to all aspects of their payroll as well as HR information when required.

Benefits of a Cloud Hosted Payroll

Cloud, Tax, SARS, SARS e-filing, IRP5, Easyfile, Payroll, Payroll services

Pay Solutions is responsible for processing and managing your payroll. However, you can access all employee, as well as company information via the cloud any time. This access is naturally controlled by user numbers, passwords and client defined access levels.

You can have 24/7 hour access to payroll information via the cloud where you can do the following:

SARS Tax Tables for 2014

SARS tax tables for 2014 came into effect on the 1st March 2014. Employers need to ensure that they are calculating on the correct rates.

As part of Pay Solutions payroll services, we will ensure that the correct tax and other levies are being deducted.  We will complete the relevant documentation and submit IRP5 tax certificates via EasyFile and SARS efiling on behalf of our clients.

SARS Tax Tables: Rates – Individuals 2014/2015

Taxable Income (R) Rate of Tax (R)
0 – 174 550 18% of taxable income

IRP5 Tax Numbers from SARS

IRP5 will be due at the end of February. One of the Payroll Services offered by Pay Solutions is obtaining Employee Tax Numbers and generating the employee IRP5. These will be required for the employee IRP5. They can be applied for by the payroll department.

Obtaining Tax Registration numbers for employee IRP5

  • Using the SARS software, EasyFile. Capture the employee details into EasyFile and select the ITReg (income tax registration) option. The system will prompt you for your SARS eFiling Login.
  • The other option is to login in to e-Filing. Go to Organisations. Employee Registration. Capture the information required and submit.