***Payroll and Monthly SARS Returns 2024***

Module 1: Recording business financial transactions

• The bookkeeping function
• Bookkeeping and accounting cycles
• The complete books of a business

Module 2: VAT calculations and returns

• The concept of value added tax, calculations and completing VAT forms
• Taxable and non-taxable supplies

Module 3: Basic conditions of employment

• Duties of the employer
• Normal time & overtime, leave types and accumulation
• Recording and validating employee records

Module 4: Statutory registrations

• VAT registration procedures
• Skills Development Levies (SDL), Unemployment Insurance Fund (UIF), PAYE
• Compensation for Occupational Injuries and Disease Act

Module 5: Complete PAYE documents

• Calculation of taxation for individual employees
• Employee tax
• Fridge benefits
• The balance of remuneration
• Distinguishing between remuneration for PAYE, SDL and UIF
• EMP201 Returns
• Completing payslips
• Meeting deadlines
• Tax certificates and the EMP501 reconciliation

Module 6: Accounting for payroll

• Wages and salaries journal
• Incorporating additional payroll creditors
• Payroll for wages

Module 7: Ethics and the registered Tax Practitioner

• Main function of management
• The difference between morals and ethics
• Business ethics and code of ethics
• Ethics and accounting
• The role of professional bodies in accounting
• Internal control
• Ethics in taxation and the Tax Practitioner