February is the shortest month on the calendar, but also the most important month for payroll – it’s the last month of the tax year! Here are a few tips, which might help you to get your payroll ready for tax year end:
Due to payroll being a critical function within the business, infrastructure limitations and the confidentiality of the data, meant that the payroll function was allocated to just one employee within the organization and led to a large dependency on one individual.
17 September 2018 opened the submission period for the Employer Interim Reconciliation Submission. During this period, employers are required to submit an Employer Reconciliation Declaration (EMP501) and an interim Employee Income Tax Certificate for the six month period from 1 March to 31 August 2018.