Payroll Services
Accurate and compliant payroll administration is an essential part of managing any workforce. FvT provides comprehensive payroll services to assist businesses in managing their payroll accurately, efficiently and in accordance with applicable South African statutory requirements.
Our services extend beyond the processing of payroll. We assist clients with the practical integration of payroll, HR policies and systems, statutory submissions, leave and benefits administration, reporting and audit support. Whether a business requires a fully outsourced payroll solution or assistance with specific aspects of its payroll function, our services can be adapted to its operational requirements.
Our Core Payroll Services
Policy Review & System Consulting
We review payroll practices, policies and processes to identify potential gaps and ensure that payroll administration aligns with company policies and applicable legislation. We also assist with the practical interpretation of policies for payroll and automated system configurations, including time and attendance systems, to support accurate and efficient payroll processing.
End-to-End Payroll Processing
We manage weekly and monthly payroll cycles, including payroll data capturing, processing of earnings and deductions, net pay calculations and payroll reconciliations. Our focus is on accurate, consistent and timely payroll processing supported by appropriate payroll controls.
SARS Filing & Compliance
We assist with payroll-related SARS requirements, including monthly EMP201 submissions, bi-annual EMP501 reconciliations and tax year-end processes. This helps clients meet their statutory payroll obligations accurately and within the required submission periods.
UIF & Department of Employment and Labour Compliance
We assist with Employer and Employee UIF registrations and the preparation and submission of required monthly declarations. Our payroll administration supports accurate Employee records and compliance with applicable UIF and Department of Employment and Labour requirements.
COIDA Return of Earnings
We assist with the preparation, calculation and submission of annual Return of Earnings declarations in accordance with COIDA requirements. This includes compiling the relevant payroll information required for accurate and timely submission through the Compensation Fund’s online platform.
Payroll Audit & Verification Support
We assist clients in preparing for payroll-related audits and compliance verifications by ensuring that relevant payroll information, records and supporting documentation are organised and readily available. This may include support for SARS, UIF, Department of Employment and Labour and COIDA-related audits or verification processes.
Leave, Benefits & Deduction Administration
We assist with the payroll administration of Employee leave, including annual, sick and family responsibility leave, as well as applicable statutory and company-specific leave provisions. We can also administer payroll-related benefits and deductions, including medical aid, retirement fund contributions and other approved third-party deductions.
Payroll Reporting
We provide payroll reports and summaries to support financial management, reconciliation and business decision-making. Reporting can include statutory reports, payroll summaries and general ledger information structured according to the client’s operational and accounting requirements.