Edition #12, January 2010
Welcome to the launch edition of our comprehensive, new-look newsletter
As valued customers and industry partners, we are sure you are aware of our strong re-branding campaign. This is not simply us ‘applying a fresh coat of paint to our logo and image’ – it is, in fact, a focused, deliberate and well thought-out strategy to encourage visibility of what we do and why we do it. We thank those of you who provided us with your input which steered this campaign. Our new look website has generated very favorable responses from many of you and continues to be updated regularly. In addition to this, we also entered the Social Networking scene, with profiles on Linked-In, Twitter and Facebook. Be sure to find us there for all the latest news and updates.
2010 promises to be an exciting year, especially against the backdrop of South Africa’s hosting the FIFA World Cup Finals and CRS celebrating 25 years as a major player in HR & Payroll Solutions. We hope that South Africa will follow Germany’s path after hosting the last World Cup, where there was a substantial increase in employment opportunities, not only during the event, but also following the event.
We value your partnership and input and look forward to playing an ever-increasingly relevant role in the market.
SARS update for February 2010
By now you are all aware of the changes from 2010, including the increase to 80% for the taxable portion of the car allowances, employees will need to keep a logbook from 1 March and the fact that the company contribution to the medical aid can now only be claimed on assessment.
Other changes include:
- SARS will empower employers who use e@syFile to register their employees if they don’t have a tax reference number. If the employee does provide a tax reference number, the employer can then verify this with SARS
- Enhancing the EMP501 by adding employers’ demographic details
- Rationalisation of existing PAYE, SDL and UIF codes to simplify the reconciliation process.
- Consolidation of source codes
The most impacting change on administration are the changes to the IRP5/IT3(a) form (this is included in your CRS Software Update), as well as the consolidation of source codes. For more information visit our website at www.crs.co.za/presentations.html, to view the presentations and notes from our Tax Update in November 2009, or speak to your CRS Consultant.
Inside this issue
CRS training Calendar for 2010
Press clippings from the past month
CRS Technologies SA has the right inTouch for its target market