What is the Employers Annual Reconciliation?
During the Employer Reconciliation process, employers are required to submit an EMP501 declaration which reconciles:
In short, have you paid SARS the correct amount for your employees' tax. If you use an up to date payroll package and didn't backdate any changes, this reconciliation should balance.
Creative CFO can help with this process and will:
Please select your number of employees below and we will get in touch with the next steps.
If you have more employees than the options allow please contact us for a specific quote. We will prepare and provide any documentation used in the submission to assist in a SARS audit post submission, but an ongoing audit of payroll is not covered in this product and will require separate engagement.