This seminar deals with the practical implementation of the new SARS requirements and new legislation, and has been in demand consistently for more than 10 years.  It also deals with real problems that have arisen during the past year for which attendees have requested help, which will be of assistance to you should you encounter them.

Solutions are offered in clear, simple language, and questions and discussions from the floor form an integral part of this interactive seminar.

Why you cannot afford to miss this seminar

SARS has made very significant changes to the content of tax certificates that you will need to produce for the current tax year.  Some information that is not normally kept in payrolls will need to be obtained from employees and fed into payroll systems.

Only information for one employer may be held in one tax certificate file that is fed into e@syFile, whereas in the past information for many employers could be held on one file.  On the other hand, PAYE relating to previous tax years that has been paid to SARS in the tax year being reported on must be shown as being applicable to that previous tax year, together with the relative earnings.

New forms EMP 701 (and EMP 601 for cancelled certificates) must be completed in respect of those previous years’ tax certificates.

For submissions in the following tax year, tax certificates and associated returns should preferably be submitted in XML format, although csv formats will be accepted by SARS for some time.

Shortly after your 2010 tax year returns have been completed you will be required to make a return for
the first 6 months of the 2011 tax year in September 2010, with a final return at the end of the tax year.

On top of all that, the format of the monthly EMP 201 return will be changing from the beginning of the
2011 tax year!

This seminar will give you a thorough understanding of all the new requirements and will help you to ensure that the necessary changes are made to your payrolls and computer programs.

Key Questions

• Are you aware of the new data to be shown on tax certificates for the 2010 tax year?
• Do you know that bar coded identity numbers are mandatory for all South Africans on tax certificates, and passport numbers for all others?
• And that tax reference numbers are mandatory for all employees earning over the SITE limit?
• Are you geared up to produce an interim e@syFile return for the 2011 tax year in September 2010?
• Are you aware that the monthly EMP 201 return will probably change next year, so that you will need to report PAYE deductions for a previous year separately?
• Will it be advantageous to change from a travel allowance which is 80% taxable to reimbursing employees for actual kilometers travelled?
• Will you need to change your medical aid payment policy next year when employer paid contributions become fully taxable?

Key Topics

• The changes to the taxation of travel allowances and employer medical aid contributions from 1 March 2010, and suggestions as to how best to handle these.
• The new simplified way of calculating learnership allowances, which should encourage employers who did not claim the allowance in the past because of the complexity of their calculation to now start claiming them.
• A change in the way in which employer paid retirement annuity contributions are handled for PAYE calculation purpose.
• Changes to the status of foreigners for UIF purposes.
• Plans to make all tax deductions in rands only (no cents).
• The use of deemed rates expressed in foreign currency for subsistence allowances.
• Whether an annual bonus paid within 3 months of an employee taking annual leave should be taken into account in paying for that leave.
• How withdrawals from retirement funds before retirement are now taxed.
• The new Employment Equity Act returns.
• How you can get employees’ tax reference numbers online next year.
• Many other practical problems relating to tax, UIF and medical aid contributions that have arisen and been solved during the past year.
  

08h00 Registration
09h00 Session 1
10h30 Tea break
11h00 Session 2
12h30 Closure

Dates and venues
27 January 2010 - Johannesburg, Emperors Palace
28 January 2010 - Pretoria, CSIR International Convention Centre
29 January 2010 - Johannesburg, Gallagher Convention Centre
01 February 2010 - Durban, Elangeni Hotel 
02 February 2010 - Cape Town, Vineyard Hotel
03 February 2010 - Cape Town, Lord Charles Hotel

Fees (VAT inclusive)
One delegate - R1900.00
Two or more delegates – R1710.00