What you'll learn

Obligations of an employer relating to Employee Income Tax Certificates
Source codes – from 2024 and 2025 financial years
Definitions, Acronyms and Abbreviations
Document Management
Income, Allowance, Fringe Benefit, Lumpsum and Gross Renumeration Codes

Requirements

No prerequisites
No prior experience

Description

SARS requires that all items on the IRP5 / IT3(a) certificates are reported under specific codes, in order for the correct tax treatment of an entry be treated in the hands of the taxpayer. As a payroll administrator it is one of the most important parts of the payroll process and searching for source codes on the internet can only assist you so far.This course wishes to assist the learner wanting to understand SARS source codes, and how to effectively apply them on the IRP5 and IT3 certificates issued to an employee. Any mistake made on a tax certificate will cost the taxpayer in the end.Topics Discussed:Obligations of an employer relating to Employee Income Tax CertificatesSource codes – from 2024 and 2025 financial yearsNormal Income CodesAllowance CodesFringe Benefit CodesLump Sum CodesGross Remuneration CodesDefinitions, Acronyms and AbbreviationsDocument ManagementAll Included:Recording of the sessionQ&A with the presenterDownloadable course materialCertificate of trainingAssessment (optional)SAIT Accredited (2 verifiable CPD hours)The Presenter:Ruzel van JaarsveldRuzel has over 26 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.Ruzel is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.
Business Owners,Accounting and Financial Staff,Tax Administrators,Payroll Administrator,Accounts Managers

Homepage:

https://www.udemy.com/course/sars-source-codes-relating-to-payroll-course/