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Do your employees make monthly provision for their tax on annual bonus?
If so, please check their year-to-date bonus provision before making any annual bonus payments this December.
Why is it important?
You want to establish that they haven’t under…
Some companies allow employees to elect to pay extra tax toward the bonus throughout the year, and not only when they receive their bonuses.
This feature is called Provision for Tax on Annual Bonus and requires the user to ensure the provision for tax…
Click here to view the Support Snippets for November 2019.
Included in this month's snippets:
Employment Equity - When will the new EEA4 forms become available for Equity module users?
Bonus Provision - Our employees are providing for tax on annual…