SARS EMP501 Annual Submission

Price:
R565.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Need to know how to submit your EMP501 Annual Submission by 31 May? Have very little knowledge on how to even begin?

This online course is designed for Accountants, Bookkeepers, Business Owners, Admin Staff, any individual with little or no knowledge on the process, and is practical in showing an easy to understand step by step process.

What is the EMP501 submission?
EMP501 submissions are the responsibility of the employer. This webinar has been designed to show the user how to use Easyfile and E-filing to submit the EMP501 annual submission, which is the final submission for the financial year. Submitting your EMP501 annual submission, also allows your company to stay tax compliant when submitted before or on 31 May and issue IRP5’s and IT’s to staff/employees as per the law.

An EMP501 is a report that has all staff earnings required by SARS, and needs to be submitted twice a year before issue of IRP5’s certificates and IT3’s certificates for staff.


Topics Discussed:
• Reconciling salaries & wages on excel
• Using payslips as source documents to prepare the interim submission
• Using payroll report from payroll system to import into Easyfile
• Preparing payslips manually for staff if a payroll system is not used
• How to download Easyfile and how to use it – for 20 employees and more
• How to use E-filing to submit EMP501 – for less than 20 employees
• Source Codes
• Preparing IRP5’s and IT3’s on Easyfile and E-Filing
• Printing reports and backing up data