Payroll Services

Ensuring accuracy, compliance, and employee satisfaction.

Streamlined payroll management

Payroll processing may be a challenging and laborious procedure for any manager or business owner. It demands rigorous record-keeping, in-depth tax knowledge, intense attention to detail, and effective work practices. Payroll services, on the other hand, lower the number of hours of administrative work and time required to complete payroll.

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What our payroll services include

Our payroll services provide more than simple payroll calculations. At Thryv  Accountants, we utilise technology and our team of experts to reduce time-consuming administrative duties for business owners while creating engaging experiences for employees. After all, business is all about efficiency, compliance, and growth.

Some of the components featured in our payroll services include:

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What are payroll services?

Payroll services make managing payroll easier and more efficient. They relieve the stress you have as a business owner and eliminate the hectic schedules that manual payroll calculations create. Depending on your needs, payroll services will take your employees’ attendance and hours worked, will calculate their compensation, and ensure all payments are made on time.

Our payroll service simplifies your entire process of payroll and guarantees an accurate and precise payment schedule, which includes:

How does payroll work in South Africa?

Payroll processing in South Africa is not as simple as it appears. To avoid fines from the Department of Labour and the South African Revenue Service (SARS), you must meet certain conditions and submit a variety of documents to stay up-to-date with the latest Acts and compliance laws. This is one of the reasons payroll services are so important for any sized business because outsourcing these tasks to a professional will ensure your business does not fall behind.

Some of the laws and regulations that have to be followed for payroll processing within South Africa include:

If you are unsure whether your business meets all the compliance laws within South Africa, reach out to us at Thryv Accountants and we can help ensure you are up to speed with every legal and regulatory law.

Who needs payroll services in South Africa?

Payroll services are used by businesses to save time and money. Payroll services can assist you whether you have 10 or 100 employees. More importantly, payroll services help you reduce your HR employees to a minimum while still offering critical advantages to your company.
If you find yourself wondering who needs payroll services in South Africa and whether your business can benefit from it, here are some of the reasons our clients have turned to us for help:

Application of tax

When does a company need payroll services in South Africa?

As a business owner, if you’re researching payroll services, you’re probably aware of the great benefits these services provide, as well as understanding that running payroll correctly and accurately is not as simple as it first appeared.

If you don’t have staff that are experienced or trained to run an effective payroll strategy and want to minimise the costs of internally employing someone for this burdensome task, you’ll still need to have a plan in place to ensure everything involved in your company’s payroll is completed.

When should you outsource your payroll?

Payroll is an essential component of any organisation. Payroll is important in businesses not just because it provides compensation to employees, but also because it is required by law for a company to continue operating.

Companies that begin hiring new employees and increasing their workforce will witness an increase in the quantity of administrative work required. This payroll administration process is crucial for having a solid payroll compliance structure in place – to guarantee that employees are paid appropriately, on time, and following rules and laws in South Africa.

There are also a lot of compliance documents and paperwork that need to be submitted (like the EMP501, PAYE, and other important returns). And is especially important during the tax season every year. Having a professional you can outsource this task to will make the payroll process efficient, cheaper, and safer for your business.

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What are the benefits of outsourcing payroll services?

Outsourcing to a payroll provider allows you to centralise all of your payroll-related software in one place. This will help you streamline and outsource the management of many activities in payroll, including employee hour monitoring, payroll processing, and payment management. By streamlining this procedure, you may eliminate misunderstandings, late payments, and issues in legal compliance laws.

Aside from relieving the stress of payroll, the benefits of outsourcing payroll services include:

Payroll services in South Africa: The benefits of outsourcing with Thryv Accountants

We know how complex and overwhelming payroll can be every month, and as your business grows, so do the complexities and regulations imposed on your business.

With our team of professional experts, you can rest assured knowing your employees are paid on time and correctly. You will also not have to worry about the intricacies that are involved in the monthly and yearly returns during tax season, as we handle all relevant returns and payroll processing. At Thryc Chartered Accountants, we pride ourselves on offering our clients more than simple calculations – we offer everything you need to suit your unique business needs.

If you’re looking for payroll services and are not sure how to get started, drop us a message or schedule a call – and we can help answer any questions or concerns you may have.

What our clients say

Client Reviews

Pete LowesPete Lowes
14:23 27 Feb 24
I agreed to work with someone called Conrad – and as soon as I signed, he ‘left the company’. Very strange, but I persevered, agreeing to pay for their top package for management accounts, payroll and basically all accountancy services. I now found myself with someone called Arnaud. Not for long, as I was swiftly palmed off to someone else.Over the last month, they’ve become really unhelpful, so we asked to leave. They’ve been charging us a registered representative fee for several months when their representative wasn’t registered at all. They’re completely ignoring this point and refusing to refund the months when no one was registered from Thryv on our behalf.They’re now trying to claw more cash from us to get the management accounts for months that we already paid for.Untrustworthy, unreliable and greedy. Don’t do it.
Sumehn SewrajSumehn Sewraj
21:31 18 Aug 23
Had the pleasure of working with the team for 5 months. Extremely professional and knowledgeable in all accounting aspects. 100% recommend!
Arnaud BrunelArnaud Brunel
18:46 18 Jun 23
I recently had the pleasure of engaging Thryv, an outstanding accounting firm based in Cape Town, and I cannot recommend their services enough! From start to finish, my experience with Thryv has been nothing short of exceptional.Their team of dedicated professionals possesses an impressive depth of knowledge and expertise in accounting. They effortlessly handle a wide range of financial matters with utmost precision and attention to detail. Whether it’s tax planning, bookkeeping, or financial statements, Thryv has consistently exceeded my expectations.The moment I reached out to Thryv, I was greeted with warmth and professionalism. The team listened attentively to my needs and tailored their services accordingly, providing personalized solutions that were tailored to my unique circumstances. Their willingness to go the extra mile truly sets them apart.What I appreciate most about Thryv is their unwavering commitment to delivering timely and accurate results. Deadlines are consistently met without compromising the quality of their work. They navigate complex financial regulations and tax laws with ease, ensuring compliance and peace of mind.Moreover, Thryv’s transparency and open communication foster a strong sense of trust. They take the time to explain intricate accounting concepts in a manner that is easily understandable, empowering clients to make informed decisions. It’s refreshing to work with a firm that values client education as much as they do.In addition to their exceptional service, Thryv’s location in Cape Town is an added bonus. Situated in one of the most vibrant cities in the world, their proximity to local businesses and industries gives them a unique understanding of the regional economic landscape. They are well-equipped to address the accounting needs specific to Cape Town-based businesses.In conclusion, I wholeheartedly recommend Thryv for all your accounting needs. Their professionalism, expertise, and commitment to client satisfaction make them the go-to choice in Cape Town. When it comes to financial matters, Thryv is the firm you can trust to navigate the complexities of the accounting world seamlessly.
Adele LokkerAdele Lokker
13:50 19 May 23
More than 5 stars! Thryv is a breath of fresh air. Their professionalism, expertise, and quick-response is what makes their service stand out. The best accounting firm in Cape Town!
Lee-Anne WebsterLee-Anne Webster
07:44 18 May 23
Excellent service. From the initial meeting to onboaridng everything was explained. Thank you to everyone at Thryv. Professional in every way
Tahn HendricksTahn Hendricks
12:50 13 Mar 23
Friendly, efficient and reliable service – I would give 10 stars if I could!
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