Payroll & PAYE

Empower your team with accurate, on-time payroll.

Managing payroll is more than just paying salaries; it's about ensuring absolute compliance with PAYE, UIF, and SDL regulations. We handle the heavy lifting so you can focus on leading your team. Payroll is a high-stakes administrative function where accuracy is non-negotiable. An error in an employee's tax calculation not only creates a compliance risk for the company but directly impacts the livelihood and trust of your team members. We provide a managed payroll solution that brings corporate-level rigor to your monthly salary cycle.

Our service covers the entire payroll lifecycle, from the calculation of gross-to-net pay to the submission of monthly EMP201 returns. we handle the complexities of fringe benefits, such as company cars, low-interest loans, and medical aid contributions, ensuring that the correct amount of tax is withheld every month. We also manage the Employment Tax Incentive (ETI) calculations for eligible staff, allowing your business to benefit from government tax breaks for youth employment. This is a powerful tool for cash flow that is often underutilized by smaller businesses due to its administrative complexity.

Twice a year, we perform the rigorous EMP501 reconciliation process, ensuring that all monthly payments align perfectly with the IRP5 certificates issued to your staff. This process is critical for ensuring that your employees can file their personal tax returns without issue. We also assist with the registration and reporting requirements for the Department of Labour, including UIF and COIDA (Workmen's Compensation). By outsourcing your payroll to Finact, you ensure that your staff are paid with perfect precision and that your business remains beyond reproach in its duties as an employer.

• Monthly payslip preparation and distribution.
• Calculation and submission of EMP201 returns (PAYE/UIF/SDL).
• Bi-annual EMP501 reconciliations and IRP5 certificates.
• Assistance with Department of Labour registrations.