We are approaching the final period in the tax year. This means that there are important year-end processes to complete. All payroll administrators must start preparing in advance to ensure a successful EMP501 Annual Employer Reconciliation Submission to the South African Revenue Service (SARS). Click here to read about the EMP501 submission requirements.
We are here to help
To simplify the process for you, we are breaking down the year-end processes into easy to follow steps. This will help ensure that your payroll data is accurate and submitted timeously
Below we have created a guideline outlining the important timeframes in which to complete the submissions. In addition, we plan to share the appropriate information each week by way of emails, In Application Messaging, and in the Sage City Year-end Centre.
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Dates |
Guideline process |
Tracking |
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20 Feb - 7 Mar |
Print the Validation Report, verify the company and employee details. Finalise the February salaries/wages |
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25 Feb - 7 Mar |
Create the TYE2020 Copy System once the final period in the tax year has been processed and paid |
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Early March |
Release 5.4a becomes available. Install the update then action any required tasks on payroll |
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01 Mar - 31 Mar |
Ensure that all payrolls have been updated to Release 5.4a. Print and submit the Return of Earnings/WAs8/OID report |
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1 April - 31 May |
Prepare and submit the EMP501 Annual Employer Reconciliation submission (Please note that these dates have not be published by SARS and may change) |
Who to contact
Have year-end queries and not sure of who can help best? We have created a post on Sage City to help you establish who you should be contacting regarding tax year-end queries.
Click here to read the post.
Resources
Sage City: Join industry peers, certified partners, and Sage pros online 24/7 for fast answers at the busiest time of year. Visit the Sage Year-end Centre to find:
- Helpful checklists: Print step-by-step tasks
- Informal discussions: Share product tips and knowledge
- Technical articles: Browse year-end-specific topics and guides
- Product information: Review the latest news on product enhancements and tax updates
- Training options: Register for courses specifically geared to help manage year-end tasks
Be sure to update your forum notifications, to get informed of anything new!
Live chat:
Get online assistance from our knowledgeable analysts by accessing the Live Chat feature on the Sage VIP Customer Zone > Support Base.
Sage 200c VIP users can access Live Chat from the main menu of any payroll company
View the complete list our additional help options here.
Questions?
We're here to help! Contact your Sage business partner, visit Sage City to join product discussions, search articles in the Sage Knowledgebase or chat with an expert.