Payroll & Administration
AMI provides a complete, outsourced payroll solution that is perfectly suited to start-ups, as well as small and/or medium-sized companies that do not need full-time resource or would like to keep the details of staff earnings confidential.
Payroll involves:
- Capturing payroll data
- Balancing & reconciling this data
- Preparing tax reports
- Processing deductions and benefits
- Record keeping & reporting
- Preparing payslips
- Processing leave, benefits & incentives
- Costings for new employee packages & amendments of existing packages
Our monthly services include:
- Processing of wage and/or salary payroll
- Supplying payslips and monthly payroll reports
- Monthly return submissions to relevant statutory bodies
- Bi-annual EMP501 submissions
- Registrations with the Department of Labour for UIF and Workman’s Compensation
- Annual Workmen’s Compensation Return Submission
Understanding Payroll
PAYE
The long name is Pay As You Earn – this will appear on your employees payslip as PAYE. This deduction is a form of tax that is administered through companies; monthly deductions of tax from employees’ earnings, which is payable to SARS. It is the employer’s responsibility to register for PAYE with SARS on behalf of the employee, this is normally handled by the person handling your payroll.
UIF
The Unemployment Insurance Fund is a relief scheme that provides short-term benefits to contributors that are unemployed after being recently terminated, or unable to work because of something like maternity leave, for example. UIF contributions, like PAYE are deducted monthly from employees remuneration.
Employees are only exempt from paying UIF if: