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Category: Payroll

Payroll
Labournet

Payroll. Time to change or not?

Time to change or not? Or rather to centralise or decentralise Payroll and HR functions is the question! All businesses from start-up to large enterprises have one thing in common […]

February 10, 2022 / admin@ln / 0 Comments
Payroll

Increase to official interest rate announced

The Rate of Interest for calculating the Fringe Benefit Value on an Employer provided low or no interest loan has increased by 0.25% effective 1 December 2021 Where an Employer provides an Employee with a loan and […]

November 24, 2021 / admin@ln / 0 Comments
Payroll

Leave and Bonus Runs

With the end of the year fast approaching, employers are advised to start preparations and planning for their Annual Bonus payouts and Festive Season shut-down periods. These preparations might consist […]

November 2, 2021 / admin@ln / 0 Comments
Payroll

NUMSA and MEIBC reach wage agreement.

NUMSA has called a halt to their strike as they have agreed with the MEIBC’s wage increase proposal. A wage increase ranging from 5% to 6% amongst the different categories […]

October 27, 2021 / admin@ln / 0 Comments
Payroll

Civil Unrest – PAYE Deferral & ETI Relief

Due to the Civil Unrest in July, National Treasury and SARS published proposed changes on 28 July 2021, as per the explanatory notes the following excerpts relating to payroll compliance […]

August 3, 2021 / admin@ln / 0 Comments
Payroll

COVID-19 TERS Applications for period 16 March 2021 – 25 July 2021

TERS applications for the period of 16 March 2021 – 25 July 2021 have opened. This TERS Payout is reserved for employees whose employers: Were not permitted to operate, either […]

July 29, 2021 / admin@ln / 0 Comments
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