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Payroll and taxes

What can we expect from the 2014 budget?

2014 Budget

The minister of finance, Pravin Gordhan, will present this year’s budget on 26 February and as we move closer to this date, the burning question on every employee’s lips is if personal tax rates will go up or down.  Of course, the people who know what’s in the budget aren’t talking so we have to make an educated guess about what we can expect. The only way to do this is to pick up trends by looking back at last year’s budget. The 2013 budget proposed a number of changes to some important areas of employment (the retirement reforms have already been discussed in a previous article) of which the following are the bigger projects.


New year's resolutions for the payroll department: This year will be different!

It’ll be different this year! This year, don’t make resolutions, for your payroll department, with a definitive end goal in mind that have a measurable result and a defined due date. This year, rather, focus on these five processes, which will bring you the results you want.


What does the Credit Amendment Bill mean for HR?

While being in debt isn’t a crime, reckless lending and irresponsible credit laws are sending people into a brutal credit storm, one that can have repercussions on business owners throughout South Africa - especially with the Credit Amendment Bill being pushed through by government. What does this mean for HR?


UIF 101

The Unemployment Insurance Fund (UIF) provides short-term relief for workers when they become unemployed or can’t work because they are ill, need to go on maternity leave or have just adopted a child. It even goes beyond this by paying relief to the dependents of contributors who’ve died. Read on to discover more interesting facts about UIF.


Empowering your staff with financial knowledge pays dividends

One of the best investments any company can make is to develop and empower middle managers to take ownership of their area of the business.