20Jun 2018 by Charl Bosman No Comments
SARS ETI (Employer Tax Incentive) Audits

SARS ETI (Employer Tax Incentive) Audits

Payroll, SARS
The ETI (Employer Tax Incentive) has now become a big part of many of our client’s Payroll structures in thus reducing their PAYE liabilities on a monthly basis. Some clients have now become heavily reliant on these GREAT PAYE saving opportunities on their monthly EMP201 returns. This however comes with some headaches as it is an administrative nightmare with companies that has a large staff compliment such as those in hospitality and retail. [caption id="attachment_292" align="aligncenter" width="300"] ETI Nightmare[/caption] With the last EMP501 Submission season we have now seen that SARS is much more likely to flag employers claiming ETI for Audits and requesting multiple Payroll reports and ETI supporting documentation that will be subject to validation and compliance checks of both the Employer and Employees for whom ETI was…
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20Jun 2018 by Charl Bosman No Comments
Synergy Services partners with SM Business Support

Synergy Services partners with SM Business Support

Sage Pastel
We are excited to announce that we have partnered with a highly professional Sage Business Partner to further extend services to all our clients. SM Business support offers consulting, training and optimization in the below areas. Sage Pastel Accounting Sage One Accounting BIC (Excel Business Intelligence Reporting) Below some more info about SM Business Support from the owner Marilize: SM Business Support CC was established in 2008. During the past 10 years I’ve been schooled on various products in the Sage range (My Business, Express, Partner, Payroll, Business Intelligence, Evolution Standard) During this time, I’ve been fortunate to align with people and companies such as Synergy Services in obtaining a common goal – excellence in customer service. As a small company I am able to offer diverse support. Pastel Partner…
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19Jun 2018 by Charl Bosman No Comments
New SARS Travel Allowance Taxation Rules

New SARS Travel Allowance Taxation Rules

Payroll, SARS
The South African Revenue Service (SARS) introduced some changes with effect from 1 March 2018 to how travel claims are taxed. Travel claims that exceed the prescribed rate (R 3.61/km) are now subject to monthly Employees Tax. Previously, travel claims were taxed on assessment. [caption id="attachment_323" align="aligncenter" width="640"] Synergy Focus on Travel Allowance - Click to Contact us.[/caption] Example 1: If an employee claims R3.61/km for 1 000 kilometers traveled for business purposes, the total claim amount receivable is R3 610. No Employees Tax is applicable, as the prescribed SARS rate was used. Example 2: An employee claims R5/km for 1 000 kilometers traveled. The difference between the prescribed SARS rate and the rate claimed is taxable (i.e. R 5.00 – R 3.61 = R 1.39). This means that R1…
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18Jun 2018 by Charl Bosman No Comments
2018 Individual Tax Seasoned Shortened

2018 Individual Tax Seasoned Shortened

Individual Taxation
SARS announced on their website that they have shortened the 2018 tax season for non-provisional tax payers (individual tax payers who earn a salary and who do not have additional income sources such as interest or rental income) by 1 month to allow more time for finalist verifications and audits before year end. In the past, non-provisional tax payers, submitting their tax returns via efiling, had until the end of November to do so. This year, the tax season for non-provisional tax payers will close on the 31st of October 2018. The 2018 tax season for non-provisional tax payers will start on the 1st of July 2018 and end on the 31st of October 2018, for tax payers submitting their returns via e-filing. Tax payers who manually submit their tax…
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