Domestic Workers – Minimum Wage
Domestic workers’ annual wages have been adjusted upwards in line with the new minimum wage. “The new sectoral determination of…
Newsletters & Articles
Medical Aid for Retired Employees
There are many companies who pay medical aid contributions for their employees who are legally retired. This does seem to…
Travel Allowances
Over the past few months, it has come to light that the SARS special audit division have been doing checks…
Bursaries / Scholarships
With the changes that have occurred for bursaries and scholarships, SARS has released the correct way that these should be…
Employment Tax Incentive (ETI)
Since January 2014 we have had the Employment Tax Incentive in operation, and many companies have utilised this benefit by…
Let the Truth be Told
The recent global ‘ACFE Report to the Nations on Occupational Fraud and Abuse 2014’ global fraud study gives a clear…
National Treasury to Delay Implementation of National Retirement Reform
In a slightly surprising move, Cosatu managed to convince National Treasury to delay the implementation of the proposed National Retirement…
Official Rate of Interest Increased
The SA Reserve Bank recently increased the repo rate to 5.75% effective 1st August 2014 (up from 5.5%) which means…
Manual PAYE Forms
SARS has issued a notice on their website to notify employers that manual completed PAYE forms will no longer be…
Let’s Talk About “State Old Age Pensioners” and UIF
In 2003 there was some confusion created by a change in the Main Act, and they were excluded, but the…
How does the new ‘Employment Tax Incentive’ (ETI) work?
What is ETI? ETI is a tax concession made to encourage employers to hire young people with no work experience.…
How will ‘Retirement Fund Reform’ impact your pension fund?
Over the past few months we have all heard snippets about the retirement reforms, and it is a complex issue.…