The PAYE interim reconciliation, EMP501, period is about to commence. We would encourage all readers to check that there payrolls during August 2011, for accuracy and detail.
The employee details are becoming more important and the South African Revenue Services (SARS) are tightening up on controls. All employees will need to be registered for income tax, whether or not they need to submit an income tax form. Employee address and contact details need to be accurate.
The submission period is from 01 September 2011 to 31 October 2011.
This interim reconciliation will be for the payroll period 01 March 2011 to 31 August 2011.