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.
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.