We are approaching the end of the payroll tax year, and this means that Tax Year-end Instances will be created during the process of starting the new payroll tax year (i.e., March 2023).

 The Tax Year-end Instance can then be accessed and used at a later stage, when preparing for the EMP501 Annual Employer Reconciliation Submission to SARS. 

Related article: How to access a Tax Year-end Instance

Important: A Tax Year-end Instance will be created upon completion of the final period in the tax year of a company, and any additional companies with the same tax year-end date, will be added to the instance, on the current software version. You might have companies on different version due to this.

Want to know whether your payroll is in the final period of the tax year? Read more here.