We are the professional solution for outsourcing your weekly or monthly payroll.
More than 30 years' experience in payroll administration.
WE ARE VIP PAYROLL SPECIALISTS
We’ll make sure that your payroll statutory requirements are in order
Statutory compliance within any business environment refers to the legal framework within which the company needs to operate. All companies are required to comply with certain laws and regulations that pertain to their working environment, this includes the treatment and payment of their employees, etc. In South Africa, these compliances are regulated by national labour laws which have been put into place to protect the country’s workforce.
Keeping up to date with the ever-changing regulatory and legislative demands can be time consuming, but may protect your business against penalties and trouble with the authorities.
To make sure that you, as a business owner, are abiding with all laws that are applicable to your company, you can always make use of an outsourced compliance specialist such as LDE Payroll Consultants CC. Not only will keeping up with payroll statutory requirements allow you better control and understanding over your payroll, it is also an effective way to establish your reputation in the industry.
The top 5 regulatory issues that we can assist with:
Tax
If you own a company, it is crucial that you register your business with the South African Revenue Service (SARS) for business taxes as well as taxes relating to payroll. If you have employees, tax should be deducted from their salaries monthly and paid to SARS on their behalf.
Labour Laws
The Basic Conditions of Employment Act is something that all business owners need to familiarise themselves with. This law regulates the working relationship between employers and their employees, making sure both parties are protected.
Health & Safety
Regulations stipulated in the Occupational Health and Safety Act provides guidelines on taking care of your workers in the workplace.
Municipal Bylaws
Municipal bylaws may also impact your business. There refer to governing zoning, noise levels, hygiene restrictions, etc.
Consumer Protection
The Consumer Protection Act exists to protect South African consumers. The regulations stated herein have an impact on the way you advertise your products publicly, how you handle customer data, how you structure contracts with clients, etc. Knowing what you can and cannot do when it comes to your clients, is crucial to your business’ success.
To make sure that your business is complying with all the above-mentioned regulations and that your industry’s statutory requirements are met, feel free to contact us for more information.
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