WE ARE VIP PAYROLL SPECIALISTS

Let our team take care of your tax reconciliation, from your SARS EMP201 to your IRP5/IT3(a)’s

Tax reconciliation is a process that takes place bi-annually to make sure that local businesses are complying with South African tax regulations. Missing the deadlines may lead to penalties being imposed on your company. With years’ of experience in payroll processing and administrations, the LDE Payroll Consultants CC can make sure that all your finances and documents are in order for tax reconciliation purposes, in time for the South African Revenue Services’ (SARS) deadlines.

By taking care of our clients’ monthly payroll duties, we have an in-depth knowledge of your employees’ Pay as You Earn (PAYE), Skills Levy Development (SDL), and Unemployment Insurance Fund (UIF) values. As an employer, you also need to submit SARS documentation monthly, stating your PAYE, UIF and SDL contributions - we can take care of it!

Staying up to date with your weekly or monthly payroll allows us to complete an accurate tax reconciliation, by obtaining the correct documents, completing it, and submitting it in time for your company’s evaluation.

What does tax reconciliation entail?

In order to successfully complete a reconciliation submission, a business owner is required to submit a valid Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] and if applicable, a Tax Certificate Cancellation Declaration (EMP601).

For your submission to be successful, these three elements need to reconcile with each other:

  • Your monthly Employer Declarations (SARS EMP201’s) – including PAYE and/or SDL, UIF amounts due and Employment Tax Incentive (ETI), if applicable
  • Payments made (excluding penalty and interest payments)
  • All IRP5/IT3(a)’s generated – with PAYE, SDL and UIF values

All declarations should be submitted to SARS twice a year, for both the interim and annual periods. With the LDE-team on your side, you can be sure that you will never miss a deadline or encounter difficulties in completing your reconciliations on time.

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LDE Company Logo

 

LDE Company Logo
LDE Company Logo
LDE Company Logo
LDE Company Logo
LDE Company Logo