Are you ready for the 2013 employer annual reconciliation?
19 March 2013
Posted by: Herman van Dyk
By SARS Communications
2013 Employer Annual Reconciliation period will run from 1 April to 31
May 2013. During this period you are required to submit your Employer
Reconciliation Declaration (EMP501) and Employee Tax Certificates
[IRP5/IT3(a)s] for the transaction period 1 March 2012 to 28 February
2013, in respect of the Monthly Employer Declarations (EMP201)
submitted, the payments made and the IRP5/IT3(a)s generated.
This year it is even easier to do your reconciliation as no changes have been introduced. Just follow these simple steps:
Use the latest version of e@syFile™ Employer software. Visit the SARS
eFiling website on www.sarsefiling.co.za to download the latest version
of e@syFile™ Employer – it is important to always backup your current
information on your computer prior to installing a new version of
e@syFile™ Employer, as the installation may delete the current
information. Please note that any information submitted using a previous
version will not be accepted.
2. 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.
Beat the deadline of 31 May 2013. Submit your completed EMP501 and
IRP5/IT3(a), where applicable EMP601, before the deadline. The earlier
you submit the more time you will have to rectify any reconciliation
problems. Legislation empowers SARS to impose penalties for failure to
submit, late or inaccurate submissions, or reconciliations which do not
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.
more information visit the SARS website www.sars.gov.za, call the SARS
Contact Centre on 0800 00 SARS (7277), or visit your nearest SARS