August, 2017
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Employees, are they your weakest link?

Posted by on Aug 31, 2017 in Blog | 0 comments

You may not believe this, but employees represent one of the biggest risks to cyber criminals attacking the network…. Ian McAlister, General Manager at CRS Technologies, explains why. The reality of today’s market is that while factors such as BYOD, mobile devices and portable memory (flash drives etc.) continue to impact on business, the most likely ‘weak link’ in the corporate chain is opening attachments in email. “One only has to consider the impact of recent global breaches and outbreaks, such as Petya, for example, to know that ransomware is very real and has the potential to wreak havoc internationally. It is currently the biggest danger from a cost point of view,” says Ian. And, before technology is thrown at the problem and thousands upon thousands poured into solution investment and integration, we have to start with awareness. There needs to be heightened awareness and awareness training needs to focus on ‘thinking before acting’ as its basic principle. Moreover, as Ian explains, restricting access to networks and using technology solutions to manage access control does help, but the benefit is limited because it is impossible to restrict all people and also prevent people from actually doing their jobs. Ian argues that the most effective way to reduce the potential for an internal source to cause or trigger a cyber attack is through continuous awareness communication and robust network security. The strategy should continue to be leveraging the power of ongoing conversation highlighting risks and...

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UIF in South Africa is undergoing change

Posted by on Aug 25, 2017 in Blog, Payroll, Payroll administration services | 0 comments

The Unemployment Insurance Fund (UIF), set up under the unemployment insurance system in South Africa (governed by the Unemployment Insurance Act, 2001, and the Unemployment Insurance Contributions Act, 2002), gives short-term relief to workers when they become unemployed or unable to work because of maternity, adoption leave, or illness. It also provides relief to the dependents of a deceased contributor. It is important for employees and employers to know that the system is undergoing change, with the Minister of Labour having issued a draft regulation to the requirements of the Unemployment Insurance Amendment Act on 14 July 2017. The UI Amendment Act requires changes to be made to the Fund’s administration processes and forms, and this must be done before the UI Amendment Act can be effectively implemented. One of the proposed changes is to add section 12(1B) to the Unemployment Insurance Act to ensure provision for a contributor who loses a portion of his/ her income due to reduced working time. The contributor will be entitled to benefits (despite still being employed) in the event that the contributor’s total income falls below the benefit level that the contributor would have received if he or she had become wholly unemployed. Aside from this significant development, there are a number of regulations pertaining to UIF that have to be kept in mind. The legislation does not cover: – Workers working less than 24 hours a month for an employer Learners Public servants Foreigners working on contract (there are, however, many instances that do not fall within this exemption where foreign employees will have UIF contributions deducted from their salaries) Workers who get a monthly state (old age) pension Workers who only earn commission Domestic employers and their workers are included under the Act since 1 April 2003. You cannot claim if you get benefits from the Compensation Fund or benefits from an unemployment fund under the Labour Relations Act.  Unemployment benefits are also not available to employees who are: suspended from claiming because of fraud, who quit their job, who do not report at set dates and times or who refuse training and advice from the UIF. Domestic workers can also claim if they work for more than 1 employer and lose their job at one of the employers or if one of their employers dies. Employer registration Any employer, who is registered with SARS for Employees’ Tax needs to register to pay UIF contributions.  Employers must register themselves and their worker(s) as soon as they employ someone. But it is equally important to understand the position when Employers who have employees working 24 or more hours a month but don’t need to register with SARS for Employees’ Tax purposes...

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2017 Taxation Laws Amendment Bills published

Posted by on Aug 4, 2017 in Blog, Tax laws legislation | 0 comments

Given the seemingly unending emphasis on financial regulation and impact on businesses, it is important that employers keep tabs on changes to tax laws – and therefore employers must be cognisant of the published Draft Taxation Laws Amendment Bill 2017 and Draft Tax Administration Laws Amendment Bill 2017. These draft Bills give effect to the tax proposals announced on Budget Day, 22 February 2017. As the vanguard of HR and HCM legislation and technology, our main concern is to make sure our customers and clients understand the implications of this revised legislation. To help, we have outlined some of the main tax proposals in the Taxation Laws Amendment Bill 2017 (TLAB), as published on SARS and National Treasury’s website for public comment, that will have an impact on employers and payroll. Tax relief for bargaining councils regarding tax non-compliance. Changes to the anti-avoidance rules for certain share schemes, mainly trusts. A higher fringe benefit exemption for bursaries to learners with disabilities. Removing the foreign employment income tax exemption in respect of South African residents. * Postponement of annualisation requirement for provident funds to 1 March 2019. * Clarifying the hours used for the ‘160-hour’ determination of the section of the Employment Tax Incentive Act in respect of Compliance with wage regulation measures, are the hours defined as ‘ordinary hours’ by the Basic Conditions of Employment Act. The main tax proposals in the Tax Administration Laws Amendment Bill 2017 (TALAB) that can have an impact on employers and payroll are: To include only the portion of the travel reimbursement that is calculated at a rate per kilometre that exceeds the prescribed rate per kilometre in remuneration. To spread the R350 000 pa monetary cap that limits the deduction allowed in respect of contributions to retirement funds over 12 months. For any more details or assistance, contact our legislation team at info@crs.co.za if you require additional information....

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