Payroll Service Provider
Do your employees receive their payslips on time every month?
Are your Employees’ payslip information correct?
Are your submissions to SARS, UIF and Workman’s compensation done on time?
Complete Service Range
We provide a comprehensive range of services, including bookkeeping, tax planning, financial analysis, and more, to meet the diverse needs of our clients and help them achieve their financial goals.
Transparent Pricing
Sphere Financial provides transparent pricing, allowing our clients to clearly understand and anticipate the costs associated with our services.
Innovative Tools
We leverage the power of innovative tools and technology to streamline accounting processes and provide our clients with efficient and accurate financial solutions.
Dedicated Support
Our accounting firm offers dedicated support to our clients, ensuring they receive timely assistance and expert guidance from our team of accounting professionals.
Payroll Services
Employees are normally paid at a set rate, either on an hourly, weekly or monthly salary basis. In South Africa, employers often pay UIF, medical aid contributions, workman’s compensation, SITE or PAYE taxes and pension contributions for their employees. An employer also must deduct a portion of these taxes and other fees from the employees’ salary and all of these transactions must be recorded for accounting and tax purposes.
A payroll service is a company that will handle all of these payroll duties on behalf of a business, freeing up the business owner’s or management’s time allowing them to concentrate on their core business. Very often a payroll service provider will have their own payroll system, such as Sage Payroll, which is specifically suited to the payroll task. An employer provides the payroll service provider with a list of all their employees, the hours they worked and any variances. These records are processed and the funds are transferred to the payroll service provider’s account. The payroll service provider then pays the employees and provides the employer payroll and tax reports.
Interesting to know: Payroll Service Providers (Accounting 101)
A payroll service often offers other services as well such as accounting, labour management, auditing services, tax services, company secretarial services and so on.
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Payroll Services
What Is Included?
Our payroll services are provided on a weekly, fortnightly and monthly payroll basis. Our services include:
Contact us for more information on how we can assist you in administering your company’s payroll.
