Payroll seems simple enough when you think of it as the amount of money you pay each employee every week or month. However, there are a number of factors that need to be considered when recording all monies paid out to employees or on behalf of employees. These include taxes, paid leave and money paid into a retirement fund.
At ECS Group, we provide payroll solutions for our clients. Firstly, we help set up the payment structure to be used. This structure will ensure that payment is always on time for all employees.
We can also conduct the Initial Data Capturing of employee details and their jobs. This is important for ensuring that the people being paid actually exist and are being paid according to their job levels.
Managing advances, loans and garnishees can make the management of payroll a bit complicated. Our expert knowledge will help you manage your payroll efficiently.
All employees have to pay income tax and it is deducted directly from the pay cheque. It is thus a payroll issue that we can handle for our clients.
Sending out the payslips to all the employees is something we can do for our clients and the highest level of confidentiality is always maintained.
The IRP5 is given to an employee that has terminated their services to a company. We are able to conciliate this into the payroll. We can have these ready for you to send to SARS when the time arrives.
Benefits that are paid out during annual leave, sick leave or family responsibility leave also need to be managed accordingly and we can do this for our clients efficiently.
An employee may opt to have unemployment insurance deducted from their pay cheque and it is another service we can provide.
ECS Group is able to fill out UI-19 forms on behalf of clients, thus adding to the services we can offer our clients.
We also offer Pay As You Earn (PAYE) management of the payroll for our clients.
The ECS Group can also hand in monthly EMP201 and annual submission of tax certificates to SARS on behalf of our clients.
Benefits paid out to employees such as Medical Aid and Provident Fund will be included in the payroll services that we provide.
The ECS Group also compiles customised reports of the payroll for record keeping and tax purposes.