EMPLOYER INTERMIN RECONCILIATION (1 SEPTEMBER – 31 OCTOBER 2013) As from 1 September 2013 it is time to submit your Employer Interim Reconciliation for the six month transaction period 1 March to 31 August 2013. Make sure you can tick the following boxes when preparing and sending your Employer Interim Reconciliation: Complete an accurate reconciliation submission ◦Your accurate reconciliation submission must include your Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)], and where applicable your Tax Certificate Cancellation Declaration (EMP601). Make sure that your reconciliation submission balances ◦The EMP501 must reconcile to your Monthly Employer Declarations (EMP201s) which should have been submitted during the period. ◦The EMP201s must reconcile to payments made for the period. ◦The EMP201 payments must reconcile to your IRP5/IT3(a)s generated. Use the latest version of e@syFile™ Employer Top tip 1: Always back-up your current information on your computer prior to installing a new version of e@syFile™ Employer, as the installation may delete the current information. You must always make your submissions using the latest version of e@syFile™ Employer and any information sent using a previous version won’t be accepted. Top tip 2: SARS will from time to time enhance the system, to help you easily send your reconciliation submission. Therefore visit our website regularly and stay informed of any changes which may be introduced. ◦Use the latest version of e@syFile™ Employer software. You will automatically be prompted to update when accessing e@syFile™ Employer or visit the SARS eFiling website on sarsefiling.co.za to download the latest version of e@syFile™ Employer. ◦Import the electronic IRP5/IT3(a) CSV files from your current payroll system into e@syFile™ Employer. ◦Reconcile your EMP501 – Capture all additional manual IRP5/IT3(a)s, and e@syFile™ Employer will use the information from all the tax certificates to automatically populate certificate totals for your EMP501. Enter your monthly liabilities and payments, and e@syFile™ Employer will calculate the rest! Send your reconciliation submission and beat the deadline of 31 October 2013 ◦Submission can be made electronically either online using e@syFile™ Employer or on a disk at a SARS branch - the disk must contain an encrypted file created by e@syFile™ Employer. Signed hard copies of the EMP501, and EMP601 (if applicable) must be sent together with the disk. Once SARS has captured the information, the disk will be returned to you, to maintain the security of the information you gave us. Top tip: To help you understand what you need to do when completing and submitting your declaration we have developed a range of step-by-step guides which are available on the Reconciliations webpage. We also have an e@syFile™ Employer video on SARS TV. Go to youtube/sarstax to see how easy it is to submit your reconciliation declaration effortlessly. This video will guide you to e@sily complete, submit and track your reconciliation submission. Should your reconciliation submission fail to balance across the three elements SARS will issue a letter notifying you that your reconciliation submission was unsuccessful. Simply use the Reconciliation Assistant available on e@syFile™ Employer to assist you in correcting your tax affairs and balancing your reconciliation submission. For more information visit the Reconciliations webpage, call the SARS Contact Centre on 0800 00 SARS (7277), or visit your nearest SARS branch.
Posted on: Mon, 02 Sep 2013 08:06:32 +0000
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