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The Top 5 Benefits of Outsourcing Your Company’s Financial Function

In today’s competitive business landscape, companies in South Africa are constantly seeking ways to optimize their operations and improve their bottom line. One crucial aspect that plays a vital role in the success of any organization is the management of its financial function. While some businesses choose to handle their finances in-house, an increasing number

What is EMP501, who needs to submit it and how can they do that?

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An EMP501 reconciliation is a report of all employees’ earnings, which must be submitted to SARS. Employers are required to reconcile the payroll taxes liabilities (PAYE, SDL and UIF) declared monthly on the Employer declarations (EMP201). The three elements that must reconcile in order for your submission to be successful are the: Monthly Employer Declarations (EMP201s)