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Important – Employer Reconciliations due now
What is an employer reconciliation? The employer reconciliation, or PAYE recon as it is known, is the process where the monthly PAYE deducted from employees are reconciled with the amounts paid over to SARS. This is to ensure that the correct amounts are paid over to SARS. IRP5’s are also issued during this process. These IRP5’s are then used by the employees to submit their personal tax. This reconciliation has to be submitted to SARS before 31 May 2023. Failure to submit will result in admin penalties being issued. We can assist to submit to your employer reconciliation. If you need us to submit your PAYE recon, simply complete the…