Posts Tagged ‘tax’
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
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:
Commission: What is the meaning?
Commission is the amount of money that an individual receives based on the level of sales he or she has obtained.
Many businesses rely on efficient sales staff members to ensure profitability.
Commission for Motivation
As motivation for the sales staff many companies offer a healthy commission and basic salary.
UIF
Commission on its own does not attract UIF. However if a salesman receives a basic salary and commission, then he would only pay UIF on the Basic Salary.
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 |
ETI – Government Initiative Employment Tax Incentive
ETI – What is it?
Payroll Services by Pay Solutions taking the hassles out of the ETI calculations
The government has initiated the ETI (Employment Tax Incentive) to assist the youth of our country and open up jobs for school leavers. The ETI is an incentive aimed at encouraging employers to hire young and less experienced work seekers. To up skill them and thus creating a skilled work force of young job seekers.Pay Solutions offer the administration of the ETI calculation as part of their payroll services.
ETI was implemented with effect from 1 January 2014.