EMP501 Bi-Annual Reconciliation
High administrative penalties
The August reconciliation relates to the 6-month period from 1 March 2021 to 31 August 2021 (Bi-annual submission period) with the submission period for the Annual PAYE reconciliation being from 13 September – 31 October 2021.
SARS has imposed high administrative penalties should EMP501 submissions be late, inaccurate or does not balance. At Business Evolution we have a specialised team of Payroll Administrators who will make sure your reconciliations are up to date and fully compliant.
Our Payroll Administration department will ensure that:
An EMP501 report
Of all your staff earnings is submitted twice a year to SARS, timeously and successfully
Reconciliation
Of monthly declarations and payments are submitted
Tax Certificates
Employee Tax Certificates have been generated
All of your data will be handled with the utmost confidentiality and only sent to the correct person in charge of the data – you can ensure that no fraud will be able to take place.
To ensure that your company complies with all South African Payroll and Tax legislation, we also include the following payroll administration services:
- Monthly, weekly & forth-nightly payroll administration
- IRP5 submissions
- Payroll (Sage Pastel Payroll and Sage ESS)
- EMP 201 Submissions
- Return of Earnings Submissions
Avoid Hefty Penalties
To avoid hefty penalties imposed by SARS, contact us to assist your company in
completing your EMP501 submission accurately and timeously.