Expert Accountants, registered with SAIT, SAIBA and CIMA - Accredited SARS Tax Practitioners.
Our Monthly Payroll Services
You can request payroll processing online here or you can call our Toll-Free number (0800 007 269).
A consultant will answer all your questions and walk you through the simple sign-up steps
Our Monthly Payroll Services Include:
Accurate Monthly Calculations (incl. PAYE, UIF and leave days).
The package can be customized and priced according to specific needs. For example, EMP501 submissions or IRP5s can be added, while removing payslips can lower the cost. It offers a "build-your-own payroll" option, allowing for flexibility based on your requirements.
*Please note that EMP501 and IRP5 submissions are not included in our standard packages and can only be added as part of our custom packages, tailored to your specific requirements.
Other PAYE / UIF services:
UIF/PAYE/SDL Registration
R
1890 Once off
PAYE/UIF/SDL Number
Main Requirements: (1) ID or Passport documents (2) S.A Business Address (3) Business bank Account
Timeframe: 1-Week
UIF Registration (DOL)
R
1490 Once off
UIF Registration Number
Main Requirements: (1) Company Registration Documents; (2) ID Documents
Timeframe: 1-Week
PAYE & UIF Package
R
2990
R390
PAYE/UIF/SDL Registration (SARS)
UIF Registration (DOL)
Free Optional Services Included: BEE Affidavit and Website.
Company Partners assists South Africa’s Entrepreneurs to become registered, empowered, and grow into sustainable businesses. Specialising in company registration and compliance since 2006, we have expanded our expertise to include accounting, payroll and website design.
We begin with a free consultation, offering tailored support to align with your business objectives. Our 120 compliance services include Shelf Companies, COIDA, Imports/Exports, Business Plans, VAT, and others.
We are dedicated to providing the tools and guidance necessary for businesses to develop and thrive over the long term.
Over 1000 testimonials and counting. Click here to view more
Frequently Asked Questions
What is Payroll?
The term payroll originates from the 1800s when employers would use a simple paper roll to list the employees, they needed to pay monthly wages to. Today, the term is used when referring to the procedures a company follows to ensure a worker has been fully remunerated.
This includes various processes that all relate to remuneration which payroll companies assist with: the collection of specific employee data, the calculation of wages, and the deduction of PAYE tax with special regard to any tax-deductible payment employees have, for example, medical aid contributions.
Usually, if you have employees, payroll is compulsory and make things easier and structured. While it may seem like a relatively simple task, you may be surprised how difficult this process becomes once your business takes off.
Yes, payroll helps you remunerate your employees accurately and on time, but it also helps you ensure that your business is compliant with employer requirements. If you do not do your business’s Payroll, or if you do it inaccurately, your business may face compliance or tax issues in the future.
Yes, it is possible. However, we advise that you get formal training before attempting to do so.
Although Payroll seems simple, a list of whom needs to be paid, when they need to be paid, and how much, can be quite complex. As an employer, you need to take into account varying UIF / SDL contributions and PAYE calculations for every Employee. You also need to adhere to Employer Compliance.
PAYE is an acronym for pay-as-you-earn. Deducting and paying PAYE Tax to SARS is part of the Payroll process.
PAYE tax is a form of income tax which an employer pays on behalf of its employees. This is why an employee only receives his or her income after PAYE taxes have been deducted. The employer withholds this tax and pays it directly to SARS.
According to South African law, all trading companies should be registered for PAYE tax. So yes, it’s compulsory. It’s important to make sure you are registered.
UIF:
UIF is short for the Unemployment Insurance Fund. This fund was initiated by the Government in the 1940s. The goal of the fund is to help individuals who lose their jobs, those who require maternity leave or those who are unable to work for specific reasons, for example, illness. This Fund is designed to alleviate the financial stress when losing your income source.
UIF contributions are made both by employers and employees in equal parts. The amount is determined as a percentage of the employee’s income – the percentage is usually relatively low.
To legally trade in South Africa, an employer has to register with the UIF and usually most employees, even contracted employees, qualify for UIF. Employers must be compliant with the UIF.
SDL:
SDL is another acronym from SARS which refers to Skills Development Levy. This levy is imposed to encourage continuous learning and the continuous development of employees. This levy is determined by the amount paid to the employee as their salary.
It is usually calculated at 1% of total wages (taking into account overtime payments, leave pay, bonuses, commissions and lump sum payments) and it is payable by employers.
SDL is compulsory when the total amount of all salaries paid by your company to its employees amounts to more than R500 000 over 12 months. If this isn’t the case, it usually isn’t compulsory.
Utilizing a payroll service in South Africa offers numerous benefits, including compliance with tax laws, time savings by automating payroll processes, accuracy in salary calculations and deductions, and handling complex payroll tasks efficiently. Additionally, it reduces the administrative burden on your business, allowing you to focus on growth and other critical areas.
The choice of payroll management software for South African companies depends on their specific needs. Ideal software should comply with local tax regulations, be user-friendly, and scalable to grow with your business. Some popular options include Sage, SimplePay, QuickBooks, and bespoke solutions from local providers.
Managing payroll for remote employees in South Africa requires a system that can handle diverse locations and possibly different tax jurisdictions. Cloud-based payroll solutions are often ideal, as they offer accessibility from anywhere and can be updated to reflect changes in tax laws or company policies. It’s also crucial to ensure that the system you use adheres to South Africa’s labour laws and tax regulations.
While Excel can be used for payroll, it has limitations, especially for larger businesses or those with complex payroll needs. Excel requires manual data entry, which can be time-consuming and prone to errors. For small businesses with simple payroll, it might be sufficient, but as the business grows, investing in a dedicated payroll system or service is advisable for efficiency, accuracy, and compliance.
Labour laws compliance (e.g. UIF / PAYE and COID),
Improved data security, and,
Access to payroll expertise.
Services like those offered by Company Partners also provide online tracking and a guarantee of satisfaction, making payroll management efficient and reliable.
Dont forget to try out our latest tool to assist with your labour law compliance, our Free Return of Earnings Calculator to determine your COIDA Assessment fees.
The payroll process in South Africa involves calculating employees’ gross pay, deducting taxes and other contributions, and issuing the net pay. It must comply with South African tax laws, including PAYE, UIF, and SDL contributions. Additionally, employers need to consider labour laws related to leave, overtime, and other allowances.
Payroll services for construction companies in South Africa cater to the unique needs of the construction industry, such as handling contractual and project-based employment, managing diverse pay rates, and ensuring compliance with industry-specific regulations. These services streamline the complex process of payroll management in the construction sector.
Payroll services for small businesses in South Africa are designed to be cost-effective and scalable. They typically include processing of salaries and wages, tax calculations and submissions, and compliance with labour laws. Small businesses benefit from these services by saving time and ensuring accuracy in their payroll processes.
