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What does the new Employee Tax Incentive Bill mean for your business?
Unemployment is a big problem in South Africa. So it's no wonder that government has finally stepped in to reverse the high levels that affect the youth. How? By making sure its new Employee Tax Incentive Bill comes into effect. And it will, the minute 2014 ushers in. Here's what you need to know [read more...]Research finds that absenteeism is the reason South Africa's losing its competitive edge
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Trade and Industry Minister Rob Davies has unveiled the new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice. Davies announced the new codes yesterday at the B-BBEE summit in Midrand. Reports suggest the codes will be published in the Government Gazette on October 11. Read on [read more...]by FSP Business, 10 January 2014 |
'If you missed the October deadline for submitting your Employment Equity Report, you can still submit it online at ,' says FSP Business's Taryn Strugnell.
To help you with this process, we've outlined what you need to submit to the Department of Labour (DoL).
Here's what you need to do to submit your Employment Equity Report to the DoL next week
If you're regarded as a designated employer, you must submit an EEA2 and EEA4 report.
In your EEA2 form, you must:
Then fill in Form EEA4 with your company's Income differentials statement. Here you must include details relating to foreign nationals', remuneration and explanations if there are any disparities in their remuneration.
For all payment amounts to be reflected in the income differential statement, you must round them to the nearest rand (R) and include them as total remuneration for each group in terms of race and gender.
Ensure you don't include blank spaces, commas, full stops or decimal points or any other separator when you capture the payment amounts in each of the cells in the income differentials statement. For example, R7 345 567.22 must be captured as 7345567.
Remember, to use the right forms when you submit your reports to the Department of Labour or you risk your forms being rejected.
If you're having trouble reporting, Strugnell recommends you use this tool.
Don't forget that you have five days left to submit your EE report online. Don't miss it!
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What will be the tariff per night and hour and what percentage or formula must I use to calculate the night shift allowance? [see the answer]