Payroll

Remuneration paid to staff, and the accounting thereof, is a fairly complex administrative process. Income tax, Fringe benefits, Pension Contributions, Medical Aid, UIF and numerous other calculations come into the fray. This legislation is often changing too, adding to the complexity.

It is for this reason that firms that employ more than a one staff members often decide to outsource their payroll functions to an accounting firm that provides (or specializes in) Payroll Services. Finpro Accountants can reduce the costs involved in having payroll trained employees in-house as well as the costs of systems and software needed to process payroll.

Finpro can assist you with the following:

• Preparing of weekly, fortnightly and monthly payslips
• Supplying monthly reports to assist with maintenance and reconciliation of medical aid, pension and provident fund payments.
• Leave administration.
• Customised reports in electronic format (MS Excel or PDF).
• Costing of salary related provisions.
• Supplying reports to assist with monthly preparation of the EMP201 return for PAYE, Skills Development Levy and UIF.
• Submission and payment of monthly EMP 201 returns via eFiling
• Annual and bi-annual preparation of IRP5 and IT3 certificates, including preparation and checking of the E@syfile import file.
• Supplying reports to assist with completion of the OID return.