Tips for Submission of Employers EMP501 recon (2023-08)

by | Oct 2, 2023 | Tips from Northbound | 0 comments

Tips for submission of employers EMP501 recon (2023-08)

 

  • Filing season opened 18 Sept 2023 – don’t wait till the last day.
  • Verify your PAYE, UIF, SDL numbers and company information.
  • Ensure employee’s information is correct, including names, ID or passport numbers and income tax reference numbers.
  • Check all remuneration data (earnings, deductions, employer contributions, IRP5 codes).
  • Reconcile the six-month period (March – Aug 2023) summary with declared EMP201 values (taking into account ETI).
  • Create a CSV file or similar file from your payroll for import and submission on E@syFile Employer.
  • The submission deadline is 31 October 2023.

By Cornel Gouws – CA (SA)
Key Relationship Manager