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Legislation and compliance a critical part of HR and payroll software

Legislation and compliance a critical part of HR and payroll software

No HR and payroll solution is complete without a comprehensive legislation and compliance advisory service, states CRS Technologies General Manager Ian McAlister.

“Tax authorities are becoming more meticulous than ever before, and legislative compliance is critical to the growth and success of any business,” he says. “Companies that invest in an HR and payroll solution which does not include a legislation, compliance and tax advisory service run the risk of incurring harsh penalties when it comes to tax returns or any other regulatory submissions. For example, the cost of non-compliance with South Africa’s employment equity legislation starts at R1.5 million.”

A deep understanding of the inherent complexities of labour, tax and related frameworks

CRS’s advisory service is specifically geared to helping business add value while minimising risk.

“CRS has a deep understanding of the inherent complexities of labour, tax and related frameworks, not only in South Africa, but also other African countries and the Middle East,” McAlister explains. “Our centre of expertise comprises a highly respected team of consultants who oversee statutory compliance, unravel the jargon and keep decision-makers informed and protected on an up-to-the minute basis.”

This includes:

  • Statutory deductions
  • Social security
  • Levies
  • Employee entitlements (leave, bonuses, allowances)
  • Statutory returns
  • Fringe benefit tax
  • Income tax
  • Advice on labour legislation, contracts, policies and procedures, unions and dismissals
  • HR and payroll audits
  • HR and payroll country fact sheets and requirements

Additionally, CRS offers a tax advisory service to its HR and payroll clients, through its partnership with Tax Debt Compliance, an experienced SARS negotiation team.

For more info, click here to contact us

CRS assists SARS-embattled clients with tax advisory service

How CRS assists SARS-embattled clients with tax advisory service

In the current economic climate many cash-strapped businesses find themselves unable to pay their outstanding tax debt to SARS. Some try to put the problem on hold by not submitting a tax return, but according to Ian McAlister, General Manager of CRS Technologies, not only are the penalties for doing this severe and the interest charges really high, it’s also illegal.

“CRS has recently encountered new clients who’ve fallen foul of SARS through inadequate legislation and compliance assistance from their payroll supplier. Our solution was to forge an alliance with Tax Debt Compliance which offers a range of tax relief mechanisms that quickly puts the company back on track. Thereafter the way forward is painless.”

The tax relief mechanisms include:

  • Negotiation of affordable instalment agreements with SARS on behalf of the business;
  • Compromise applications to SARS which, if approved, will enable the business to settle tax debt at a reduced amount;
  • Tax due diligences to ensure compliance with South African tax legislation;
  • Formulation of tax opinions for businesses considering entering into complex transactions that could hold significant tax consequences.

Clients retain their assets and maintain their business operations

“The team at Tax Debt Compliance have many years of experience in this field,” McAlister continues. “To date, the company boasts a 100 per cent success rate in which it has helped numerous clients retain their assets and maintain their business operations.

“Companies can now focus on running their business with the peace of mind that their legislation, compliance and tax issues are in the capable hands of CRS Technologies and Tax Debt Compliance,” he concludes.

For more information, contact CRS by:  clicking here

 

Tax advisory service now available to CRS clients thanks to Tax Debt Compliance partnership

Gerhard LindeCRS Technologies has partnered with Tax Debt Compliance to bring a tax advisory service to its HR and payroll clients.

In the current economic climate many cash-strapped businesses find themselves unable to pay their outstanding tax debt to SARS. Some try to put the problem on hold by not submitting a tax return but, says Tax Debt Compliance director and tax debt negotiation specialist Gerhard Linde, not only are the penalties for this severe and the interest really high, it’s also illegal.

Pay the tax debt in instalments over an agreed period

Enter Tax Debt Compliance and its range of tax relief mechanisms. “We assess the businesses cash flow and make a deferment application to SARS on the owners’ behalf, on the terms they can afford,” Linde explains. “If approved, the deferment will enable the business to pay the tax debt in instalments over an agreed period.

“Alternatively, we will assess the situation and present SARS with an accurate representation of the business in the form of a compromise application. If approved, this will allow the business to settle the debt at a reduced amount.”

While Tax Debt Compliance cannot make any guarantees regarding terms and amounts agreed to with SARS, Linde gives the assurance that he and his team will always negotiate for the best terms. “We go out of our way to understand the business needs so that we can plan and execute strategies that are mutually beneficial both to the business and SARS.”

Ensuring compliance with South African tax legislation

Other services offered by Tax Debt Compliance to CRS clients include the performance of tax due diligences and the formulation of tax opinion letters.

“We conduct a tax health check on the business operations to identify any existing tax pitfalls, with a view to ensuring compliance with South African tax legislation.

“Additionally, we prepare tax opinion letters for businesses considering entering into complex transactions that could hold significant tax consequences. The purpose of the opinion letter is to point out the tax risks involved in the proposed transaction and give guidance on a particular direction to take.

New tax advisory service to our clients

“We are extremely excited to offer this new tax advisory service to our clients,” says CRS Technologies general manager Ian McAlister. “The team at Tax Debt Compliance have many years of experience in this field and to date boasts a 100 per cent success rate in which it has helped numerous clients to retain their assets and maintain their business operations.

“Business owners can now focus on running their business with the peace of mind that their tax issues are in the capable hands of Tax Debt Compliance.”

For more information, go to: CRS Tax Advisory Services by clicking here

 

Access to a tax advisory service during tax season adds value
Access to a tax advisory service adds value in a substantial manner during the annual tax season.

We all know the drill by now… around this time of the year, tax season, businesses have to ensure compliance with SARS legislation governing the submission of returns.

We also all realise that we are operating in a vastly different economic environment, in which many businesses are struggling with cash flow and unable to pay outstanding tax debt to SARS.

It is not surprising that many business owners choose to take the wrong route as a short-term solution and actually avoid submitting their returns.

Our partner and tax business continuity specialist Tax Debt Compliance is pretty clear when it comes to its advice on this issue: not only is it illegal, but not submitting a return will incur severe penalties and high interest charges for your business.

So what are operators to do? It is a bit of a catch-22 situation – not submitting may ease the pressure on cash flow (albeit temporarily), but it is not a true reflection of the state of the business and will end up costing more – however, submitting may be a stretch too far!

That is why we have partnered with Tax Debt Compliance to provide a tax advisory service.

How does this service help?

Well, it comprises a range of tax relief mechanisms:

  • Negotiation of affordable instalment agreements with SARS on behalf of your business;
  • Compromise applications to SARS which, if approved, will enable your business to settle tax debt at a reduced amount;
  • Tax due diligences to ensure compliance with South African tax legislation;
  • Formulation of tax opinions for businesses considering entering into complex transactions that could hold significant tax consequences.

These are the immediate benefits to clients looking for some kind of intervention and assistance with tax.

Not only does this mean you are actually being proactive in dealing with the challenges, you are also being realistic in terms of where the business is positioned and have a credible way of influencing the outcome.

Our tax advisory service is there to be used and to help… contact us now for more information!

In the current economic climate, many cash-strapped businesses find themselves unable to pay their outstanding tax debt to SARS. Putting the problem on hold by not submitting a tax return will not only incur severe penalties and high interest for your business, but is also illegal.

CRS now offers a solution to its HR and payroll clients in the form of a tax advisory service from Tax Debt Compliance. The company’s range of tax relief mechanisms include:

  • Negotiation of affordable instalment agreements with SARS on behalf of your business;
  • Compromise applications to SARS which, if approved, will enable your business to settle tax debt at a reduced amount;
  • Tax due diligence to ensure compliance with South African tax legislation;

Formulation of tax opinions for businesses considering entering into complex transactions that could hold significant tax consequences.

Tax Debt Compliance boasts a 100 per cent success rate since its establishment and has helped numerous clients retain their assets and maintain their business operations. As a business owner and CRS client, this service means you can now focus on running your business with the peace of mind that your tax issues are in the capable hands of Tax Debt Compliance.

Contact our team at info@crs.co.za if you require any additional information.

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CONTACT INFORMATION
Tel: +27 11 2594700
Email: info@crs.co.za

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Rivonia 2191