Official Interest Rate Change
Please be advised that the “SARS Official Interest Rate” for calculating fringe benefits has decreased by 0.25%, effective since the 1st of August 2019. The “SARS Official Interest Rate” that must be used is 7.5% as of the 1st of August 2019. “Where a loan is…
2019 Employer Filing Season
SARS has recently announced that they will be migrating to a new server in April as part of their plan to upgrade their IT systems. Due to the migration the Employer Filing Season will only open on 17 April 2019 and close on 31 May 2019. For…
The 2019/20 Tax Guide is now available
Click Here to download your copy If you missed it, here are a few highlights from the 2019 Budget Speech Income tax rebates adjusted in order to increase the tax thresholds for individuals. Increased excise duties on tobacco and alcohol General Fuel Levy increases by…
It’s that time of the year again! – Is your Calendar Updated?
The festive season is upon us. Please remember to update your PayDay Calendar in order to ensure Accurate Leave Calculations! Simply login on your PayDay Prime System and do the following: Type “CAL” in the enter selection space, press enter and your Calendar will appear…
PayDay Virtual: An Online Payroll and Human Capital System that will Work for You!
PayDay Virtual is a simple, user-friendly Online Payroll and Human Capital System that is easily accessible on any browser and smart device. Simply login and start working. Packed with a wide variety of ‘must have’ features, employers now have the convenience of performing Payroll…
SARS Announces Shorter Filing Season
On the 4th of June 2018, SARS acting head, Mark Kingon, announced that SARS would be reducing the tax filing season for individuals who file manually. In his press statement he says that SARS’ main objective is to make tax compliance a simple and routine…
PayDay Visual – Employee Self Service
PayDay Visual is a whole new world of paperless technology that will help you streamline your Human Capital processes through a Simple, User-Friendly, Online, Employee Self Service System. Packed with a wide variety of ‘must have’ features, both employer and employee now have the convenience…
Payroll Call Centre Extended Office Hours
Due to the upcoming IRP5 submission deadline, please note that PayDay’s Payroll Call Centre will be extending its office hours from the 21st of May to the 31st of May 2018 for your convenience . Details are as follows: Monday to Thursday from 21 May…
Keeping YOU informed – Cryptocurrencies
PayDay Software Systems strives to keep clients informed and up-to-date with new developments, latest system amendments and legislative changes. In this instance we would like to inform you of the following with regards to ‘Cryptocurrencies’ Cryptocurrencies are treated differently in some countries for example Bitcoin:…
