All posts by Henry

Payroll Compliance: What Every Employer Must Know

Stay compliant with South African payroll laws. Payroll compliance is critical for every employer. Key areas include:

  • PAYE & UIF: Employers must deduct and submit employee taxes monthly.
  • COIDA Registration: Protects employees in case of workplace injuries.
  • Accurate Payslips: Transparency builds trust with staff.
  • Annual Reconciliations: SARS requires bi‑annual submissions for PAYE.
  • Data Security: Protect employee information with secure payroll systems.

Our payroll services keep your business compliant and employees satisfied.

How to Prepare for Your Annual Financial Statements

Annual financial statements are more than compliance documents. They are a roadmap for business growth. The preparation involves the following steps and document compilation:

  • Organizing Records: Ensure invoices, receipts, and bank statements are up to date for the full financial year.
  • Reconciling Accounts: Match bank balances with accounting records.
  • Reviewing Fixed Assets: Update depreciation schedules.
  • Checking Tax Compliance: Confirm VAT, PAYE, and income tax submissions.
  • Engaging Professionals: Independent reviews add credibility for investors and lenders.

Tick Birds Accountants ensures your statements are audit‑ready and strategically useful.