October is EMP501 reconciliation month for the period, March to August 2020, and on top of that employers might have had many struggles with changes on payroll systems to accommodate the UIF TERS payments, SDL payment holiday and managing the advances paid to staff before payouts where received from the TERS benefit fund. This triggered compulsory system updates before finalizing the bi-annual periods. In those cases where Companies had to retrench staff employers had to apply for directives as well.
Rest assured MP Online Payroll’s cloud-based software has made this an extremely easy transition with minimum administration required from `payroll practitioners.
With the EMP501 submission deadline looming, 31 October 2020 we offer support to other businesses looking for submission assistance or doing audit checks on the TERS payments processing.
We wish all Employers the best of luck and feel free to contact us at firstname.lastname@example.org for any assistance you might need.
If you are a new client and would like to make use of our outsourcing service, please follow this link and complete the online form on our website for someone to contact you.
MP Online Management