Monthly Archives: April 2015

Are you a “prescribed officer”? If so, be aware of your onerous liabilities and responsibilities

The 2008 Companies Act introduced the concept of “prescribed officers” three years ago. They are senior employees (not directors) deemed by the Act to have the obligations of directors. As such they are bound by the duties and responsibilities of … Continue reading

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Beware of fixed term contracts: What you need to know about amendments to the Labour Relations Act

Government has followed through on its intention of improving the rights of temporary lower paid workers. Employees with fixed term contracts are now, subject to the exceptions set out below, deemed to be part of the permanent labour force if … Continue reading

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Employer Annual Reconciliation Declaration (EMP501)

The 2015 Employer Annual Reconciliation Declaration (EMP501), Employees Tax Certificates [IRP5/IT3(a)s], and where applicable, Tax Certificate Cancellation Declaration (EMP601) for the period 1 March 2014 to 28 February 2015 must be submitted to SARS between 1 April and 29 May … Continue reading

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Good news: Employment Tax Incentive Act refunds now claimable

An amendment to the Employment Tax Incentive Act (ETI) brings good news to those employers who have made use of this incentive. If you were unable to offset the full amount of ETI due to you against employees’ tax, SARS … Continue reading

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