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These 5 mistakes can cost you dearly with SARS
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With the South African Revenue Service (SARS) seeking to increase its revenue base, organisations with misconceptions about how certain payroll elements should be taxed, may unknowingly be exposing themselves financially.
This is the view of Tanya Tosen, tax and remuneration Specialist at Tax Consulting South Africa, who said her firm often comes across the same common payroll errors.
Tosen outlined these common issues in more detail below.
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Top 5 PAYE errors that could cost you dearly with SARS
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With Covid-19 burdening the economy and SARS seeking to increase its revenues however it can, organisations with misconceptions about how certain payroll elements should be taxed may unknowingly be exposing themselves financially.
Says
Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting South Africa: “We often come across the following top five payroll errors that organisations need to question and correct to mitigate any risks associated with them.”