Skills Management During The 4th Industrial Revolution
Employers and employees find themselves amidst a global pandemic that has shaken our everyday operations at work but also how we go about daily interaction—be it social gatherings or formal work meetings. The COVID-19 virus has significantly sped up the rate at which the 4th Industrial Revolution is unfolding, and our present use of technology has increased significantly from merely one year ago. As we are continuously adapting and striving to find integrative and all-encompassing technology...
FAQ – Can a company claim back the percentage of monies spent on training?
No, mandatory grants are a refund against all monies contributed towards the skills development levy paid to SARS and not on funds spent on training. This is done via the annual Mandatory Grant claim back. The Skills Development Act notes that a company whose annual payroll exceeds R500K per annual must pay 1% of their annual payroll to SARS on or before the 7th of each month. Companies can claim back 20% (called the Mandatory Grant) of the annual 1% paid to SARS via compiling and submitting...
Did You Know? – The Return of Earnings (ROE) cannot be less than 30% of the previous year’s Return of Earnings
A discrepancy occurs when the actual or provisional earnings of the current financial year are lower than 30% of the actual or provisional Earnings submitted for the previous financial year's ROE. The Compensation Fund will request various documents: 1. An affidavit confirming that the earnings declared are the actual earnings paid to all employees or if a mistake was made on the ROE's to explain what type of mistake was made. 2. A letter on a company letterhead stating the UIF reference...
Popular Apps And Services Reconsidered In Light Of The POPI Act
With the Protection of Personal Information Act 4 of 2013 compliance deadline of the 7th of July 2021 looming around the corner, a lot of attention has been given to the potential risks and effects of this Act when analysing popular applications and services. In this article, we will be looking at online storage services such as iCloud and Google Drive as it relates explicitly to Trans-Border Information Flows in terms of the POPI Act. Google Drive and iCloud: Google Drive is...
Episode 69: Legislation With Regards To The Registration And Payment Of Skills Development Levy (SDL)
SEESA Skills Development Facilitators, Loanko Pieters and Trevor Whitburn explain the legislative requirements around the Skills Development Levy. They focus on which companies need to pay Skills Development Levy, where they can register for Skills Development Levy and who are exempt from paying Skills Development Levy. Click play to listen to our podcast! Contact your SEESA Skills Development Facilitator to assist your business with the process of compiling and submitting your Annual Training...
Processing Subject To Prior Authorisation Applications
The Regulator recent guidance note issued on 11 March 2021 requires all businesses which process certain personal information to submit their applications for prior authorisation on or before 30 June 2021. In this article, we will look at the requirements as stipulated by the Regulator in submitting the applications. Section 57 of the Protection of Personal Information Act (POPIA) states that the business must obtain prior authorisation from the Regulator if the business “plans to— process any...
FAQ – Can an employer force you to take the COVID-19 vaccine?
COVID-19 has had a tremendous impact on our economy. Now that a vaccine is finally becoming reality it is not surprising that many employers are looking towards the vaccine as a possible way of bringing normality to their businesses. The question that everyone is asking is; can employers insist that their employees are vaccinated against COVID-19? The short answer is; No, except in exceptional circumstance. There...
Do Companies Need To Be B-BBEE Compliant?
During these strange and difficult times with the worldwide pandemic, most business owners are trying to tighten the purse strings on the business as the pandemic has had a massive negative impact on all businesses across all industries. The last thing people want to hear is that they have to spend money to maintain or promote the BEE level of the business. Unfortunately, the BEE mechanism requires continuous attention not to be caught off-guard when financial year-end comes knocking. This is...
Return Of Earnings Submissions 2021
Please note that the Return of Earnings submissions will open on 1 April and non-adherence to these submissions can lead to penalties. The SEESA UIF & COID department can assist your business with your annual COID & ROE submissions. For more information, contact us today! https://bit.ly/3lHw9fj
Episode 68: Sales Records – What Is It And What Needs To Be On It?
SEESA Consumer Protection Legal Advisors, Remolla Naidoo and Ashlin Naidoo discuss the consumers right to being made aware of what goods are being purchased, the services being rendered, the amounts that make up the final amount and ultimately, being made aware of who the supplier is. Further to this, they ascertain the intention of the legislature for prescribing these requirements. Click play to listen to our podcast! Contact your SEESA Consumer Protection and POPI Legal Advisor to ensure...