Streamlined payroll management
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:
What are payroll services?
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?
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.
Get peace of mind
What are the benefits of outsourcing payroll services?
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.