New Website Just Launched
We have been working hard on a new website design to provide you with an even better SimplePay experience and are very excited to announce that it just went live!
2015
UIF Reform Postponed
In February, the Finance Minister announced a proposed reform that would see the UIF earnings cap reduced to R1000. This essentially means that no matter how much anyone earns, UIF deductions would only be calculated from a maximum amount of R1000.
Updates in SimplePay for the 2015/2016 Tax Year
We are pleased to announce that SimplePay clients are once again some of the first to be informed of the relevant changes for the new tax year. As from 01 March 2015, your payroll will automatically meet all the requirements for the 2015/2016 period, as announced in the 2015 Budget Speech on 25 February 2015.
2014
Employer filing season starts on 01 April 2014
Important date to remember! The employer filing season for EMP501 submission starts on 01 April 2014 and will run until 30 May 2014. SimplePay has done the updates to comply with the new e@syfile layout.
Changes in SimplePay for the 2014/2015 tax year
We are pleased to announce that all SimplePay clients can now see what the changes are that have been made to SimplePay for the 2014/2015 financial year. As from 01 March 2014, your payroll will automatically meet all the legislative requirements, as announced by Pravin Gordhan, the Finance Minister in South Africa.
Employment Tax Incentive Functionality
We’re proud to announce we’ve now incorporated support for ETI (Employment Tax Incentive, a.k.a. Youth Wage Subsidy) in the system. You can (and should) read more about it in the Employment Tax Incentive section of our online help.
2013
Loads of New Features!
As usual, we’ve been hard at work adding new features to the system over the past few months, but haven’t gotten around to telling you about all of them yet. So, without further ado:
Announcing Self-Service Leave Requests
We’re please to announce a major new feature. Self-service leave requests allow your employees to request leave from their self-service accounts, and then initiates a workflow where another employee can approve that leave.
2012
UIF Limit Increased
From 1 Oct. 20012, the annual limit for income subject to UIF contributions has increased from R149,736 to R178,464. That results in a new monthly limit of R14,872 and a weekly limit of R3,432.
Interest Rate Change and New Features
Due to the recent drop in interest rates by the reserve bank, the fringe benefit interest rate on low or interest free loans will now be 6% instead of 6.5%.