Circular reference in new tax law

The draft 2014 Taxation Laws Amendment Bill (TLAB) brings with it some important proposed changes to the formula that employers use to calculate the fringe benefit value of their contributions to employees’ defined benefit funds. The TLAB raises the possibility of...
Employees waste time, says survey

Employees waste time, says survey

Between Facebook and smoking breaks, it’s a wonder any work gets done in South African businesses. In Salary.com’s 2014 Wasting Time at Work Survey, a staggering 89% of employees admitted to wasting time in their work environment. The results show that 62% of respondents waste between 30 to 60 minutes per day, 26% waste two to five hours a day and 4% waste over half-a-day on non-work related tasks.

Stand out with optimised WFM

In a market in which business success hinges on acquiring the right service from the right provider at the right time, competitive advantage means everything. Service providers focused on technology to streamline business management processes believe the area of...

Prepare now for retirement

One of the more pertinent topics to emerge during the recent National Payroll Week was Retirement Reform and the fact that changes impacting retirement fund management were announced in 2013 and come into effect on 01 March 2015. Despite this forewarning, there are...

Payroll admin is critical to business

Every day payroll administrators handle large volumes of data and apply meticulous attention to handling company information in order to successfully complete processes and procedures.

Employment Tax Incentive under threat

The 2014 Taxation Laws Amendment Bill (TLAB) includes a proposed change that may burden companies that are taking advantage of the youth Employment Tax Incentive (ETI) with more administration. It could harm the uptake of this excellent scheme among South African...