Tag: Annual Employer Reconciliation Declaration (EMP501)

Companies of every size and in every industry have a lot on their plate when it comes to tax-related paperwork. And while it is often an arduous task, ensuring accurate submission and meeting SARS deadlines is one of the most important responsibilities they face.

Automation can help businesses decrease the R7.2 billion lost to admin. We’re racing towards the end of another tax year and we have heard about the Finance Minister’s proposed changes for the 2020/21 tax year. Not too long after Minister Tito Mboweni unveils changes to PAYE and other taxes during his budget speech on 26 February, the season for Employer Annual Reconciliations will open.