HomeHome SearchSearch MenuMenu Our productsOur products

Employment Equity: Four items you need to include in your EEA4 form

by , 10 June 2016
As a designated employer, you simply have to be fully compliant with the Employment Equity Act, and one of the most important duties you have in ensuring that is to consistently report on Employment Equity within your company.

This involves you having to complete and submit several forms to the Department of Labour every year, of which the most important is the EEA4 form. It deals with income differentials within your company.

But be careful when filling out this form, because one little mistake when calculating remuneration could possibly trigger heavy non-compliance penalties! So pay attention!

To help ensure that you fill out your EEA4 form correctly, here are the four items you need to include in it...

Keep reading to find out what they are...

*****ATTENTION*****

Your EE Report is due on 1 October 2016…Comply now or get a fine of up to R2.7m or 10% of your turnover
 
The 1st of October seems so far away and you think there's plenty of time to complete your EE Report. Think again! Filling out the EE forms correctly is no easy task and you WILL be fined for every instance of non-compliance.
 
Find out how to do your report correctly and comply with all the EE requirements while avoiding hefty fines at the EE Summit 2016.
 
Click here for more information…
 
************************
 
 

Four items you need to include in your EEA4 form…

 
ITEM#1:

Housing, accommodation allowances or subsidies.

ITEM#2:

Car allowances or the provision of cars.

But not if you provide cars so employees can work.

ITEM#3:

Your contributions to medical aids, pensions, provident funds, death benefit and funeral benefit schemes or any other similar schemes.

ITEM#4:

Any cash payments you make to an employee, or any other payment in kind your employee receives, excluding certain items.

Keep reading to see what those exclusions are…
 
*****Advertisement*****

Revealed: The ONE checklist that'll show you if you're complying with all 26 changes to the Employment Equity Act...

Use it to avoid business-crippling, non-compliance fines from the DoL

*************
 
 
BONUS TIP: Exclusions list

Exclude the following seven items from your EEA4 form…
 
ITEM#1:

Any cash payments or payments in kind you give employees can work.

This can include any equipment, tools or closely-related allowances, as well as transport or helping with transport allowances so employees can travel between work and home.

ITEM#2:

Relocation allowances.

ITEM#3:

Gratuities.

This can include tips your employees get or gifts you give them.

ITEM#4:

Share-incentive schemes.

ITEM#5:

Discretionary payments you don't link to an employee's performance or working hours.

ITEM#6:

Entertainment allowances.

ITEM#7:

Education and schooling allowances.
 

*To learn more, like all the other Employment Equity forms you need to fill out correctly, page over to Chapter E 18: Employment Equity – How to Submit your Forms, in your Labour Law for Managers handbook today, or click here to order your copy today.

PS: Don't forget to attend the EE Summit coming soon!

Click here to book your seat before they're all taken!
 


Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>