employer Connect Issue no. 6 (october 2013)

Welcome to the latest edition of Employer Connect, the electronic newsletter for employers that keeps you up to date with the tax matters that affect you.  This edition covers the Interim Reconciliation period, the discontinuation of the debit pull payment option and changes to banking details.

To read our newsletter below, click on each heading to expand the corresponding article.

 

There are about two weeks left for you to submit your Employer Interim Reconciliation for the six month transaction period 1 March to 31 August 2013. Make sure you submit before the deadline by using these easy to follow steps.

1. Be accurate
Your accurate reconciliation declaration must include your Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)], and where applicable your Tax Certificate Cancellation Declaration (EMP601).

2. Your reconciliation must balance
The EMP501 must reconcile to your Monthly Employer Declarations (EMP201s) which should have been submitted during the period. The EMP201s must reconcile to payments made for the period. The EMP201 payments must reconcile to your IRP5/IT3(a)s generated.

3. Use the latest version of e@syFile™ Employer
Always backup your current information on your computer prior to installing a new version of e@syFile™ Employer, as the installation may delete the current information.
• You will automatically be prompted to update when accessing e@syFile™ Employer or visit the SARS eFiling website on www.sarsefiling.co.za to download the latest version of e@syFile™ Employer. SARS will from time to time enhance the system, to help you e@sily submit your reconciliation submission. Therefore visit our website regularly stay informed of any changed which may be introduced.
• Import the electronic IRP5/IT3(a) CSV files from your current payroll system into e@syFile™ Employer.
• Reconcile your EMP501 – Capture all additional manual IRP5/IT3(a)s, and e@syFile™ Employer will use the information from all the tax certificates to automatically populate certificate totals for your EMP501. Enter your monthly liabilities and payments, and e@syFile™ Employer will calculate the rest!

How to submit
You can submit electronically either online using e@syFile™ Employer or on a disk at a SARS branch - the disk must contain an encrypted file created by e@syFile™ Employer. Signed hard copies of the EMP501, and EMP601 (if applicable) must be submitted together with the disk. Once SARS has captured the information, the disk will be returned to you, to sustain the security of the information provided.

Need help?
For more information watch our helpful video on http://www.youtube.com/sarstax, visit the SARS website www.sars.gov.za, call the SARS Contact Centre on 0800 00 SARS (7277), or visit your nearest SARS branch.
 
Last Updated: 10/10/2013 10:26 AM     print this page
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