Payroll-seshni

Our business is to assist you to develop and grow yours

Payroll Processing and Administration

 

Business owners, of especially small to medium sized enterprises, are often faced with a dilemma with regard to payroll processing and administration – Do they expend time, effort, money and energy developing their workforce and know – how to remain abreast with payroll legislative changes and all the administration and enquiries that accompany these changes or do they focus on managing their core business, generating sales and increasing their profit margin.

Complying with ever-changing SARS legislation regarding employee remuneration is a fairly complex and time consuming administrative process. Mushrooming legislative requirements have resulted in a confusing heap of legal requirements which are contained in multiple pieces of legislation governing tax, HR and payroll. These mushrooming legislative requirements are making it an extremely challenging, difficult and time-consuming task for companies of all sizes to run a legally compliant payroll department.

The time when payroll administrators could just be on top of changes from a payroll software and legislation viewpoint has long passed. They, now, have to keep abreast of changes that are implemented in the SARS easyFile and efiling electronic submission systems and all the legislation that govern employee remuneration.

An outsourced payroll solution provides access to a group of professionals that are able to understand and implement the legislative complexity in terms of managing your payroll, thus allowing you to focus your effort, time, energy and money on your core business and, in this way, to develop and grow your company, whilst your payroll needs are being taken care of competently and efficiently.

What information will the salary slips contain?

Pay slips are fully customised and include:

  • Company logo, address and statutory information
  • Pay run period and date
  • Employee full details, designation and income tax number

Pay slips are generated on basic salary, commission, bonus, travel allowances, medical aid contributions, pension fund contributions, retirement annuity contributions, subsistence allowances and reimbursed expenses.

Which reports can I expect subsequent to each payrun?

  • Pay run summary indicating the total wages, salaries and statutory deductions for the pay period.
  • EMP201 report.
  • UI-19 report.

Confirmation of statutory payments made to SARS for the payrun.

Our payroll service enables you to focus on your core business whilst having peace of mind that wages and salaries are being processed in an efficient and fully compliant manner. Seshni Consulting (Pty) Ltd. uses an integrated payroll system to ensure legislative compliance and accurate reporting. This includes the provision of payslips, administrative data capturing and assistance with any payroll processing queries.

 

Our payroll processing and administration services include the following:

vAdministration:
     

  • Master data recording and up to date record keeping of all employee information
  • Administration of all weekly and monthly earnings and deductions on payslips
  • Correct taxation of all employee income and IRP5 codes for SARS
  • Provision of electronic payroll reports that are customised to your needs
  • Provision of information regarding third party payments, to be made by the company.
 vPayroll System:
 
  • Statutory reporting and annual PAYE reconciliation to SARS (IRP 5’s).
  • Provision of banking file.
  • Provision of Employee payslips.
  • Assistance with any enquiries or additional information that is required.

vEmployee Taxes:
 

  • Monthly UIF electronic submissions.
  • Completion of EMP201 to be submitted to SARS via E-filing by the company (PAYE, UIF & SDL).