COUNTDOWN TO COIDA ROE SUBMISSION FOR 2020

Last Chance To Submit Your 2019/2020 Return of Earnings 

The deadline for submissions of annual Return of Earnings declarations to the Compensation Commissioner has been extended to end of June 2020.

Do not miss your window of opportunity to submit! You do not want to be caught in a non-compliant state when you receive a notice of a remote site visit from the Department of Labour.

Our compliance experts are here to assist your Human Resources department in ensuring that you are always compliant, calculate and submit your ROE and correct past non-compliance where needed.

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This return will confirm the final earnings paid to employees and directors for the period 1 March 2019 to 29 February 2020.  It also requires that an estimate be provided for earnings which will be paid to employees and directors for the period 1 March 2020 to 28 February 2021.

As a result of the current national lockdown many companies find themselves in a very unfortunate position where they must or have already made salary cuts.  This must be considered for the estimated earnings to ensure that the declaration does not result in an inflated assessment.

COIDA Services

Our accounting team can absorb the payroll tasks that take up unnecessary time and effort from your business:

  • Registration as an employer
  • Determining the current compliance status
  • Preparation and submission of the annual return of earnings
  • Obtaining a letter of good standing
  • Verify a letter of good standing

Our firm has over 100 professionals, including CA’s (SA), qualified accountants and tax experts, who have assisted many small and large companies to submit ROEs and become fully compliant with the Department of Labour.

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