Paymaster
Accounting Services in Cape Town
www.paymaster.co.za
Address
Unit E5 . Centurion Business Park., Bosmandam Road Milnerton. Cape Town. Western Cape. 7441Are you the owner or manager of this company?
What you should know about Paymaster
Fostering great employee-relations using online-surveys. Paymaster is SARS compliant, accurate and up-to-date with the latest legislation. Consider the following scenario: Your company requires you to relocate to another town. They present you with an offer and you accept the decision to move. All your transfer costs and related expenses will be covered in full, by the company. Let’s discuss this by first taking a look at some of the rules related to company funded relocations. What are some of the rules related to company funded relocations? A person needs to move from one town/city to another. A move in the same town or city will not qualify for tax free reimbursing of expenses. The company may pay the relocation costs directly to the supplier, or you can be reimbursed too. All transport costs related to relocating your family and your possessions to your new home. All costs related to the selling of your former home, as well as the new home. This includes all agents’ commissions, bond cancelation costs, legal fees and any other related expenses. Whilst you wait to move into your new home, hotel accommodation and all meals, or temporary rental accommodation also falls into this category of expense that will be covered. For your children: New school uniforms and books if required. A company transfers an employee from Pretoria to Cape Town. The company has already paid for the transfer of the employee’s personal goods and made arrangements for the employee and members of his household to stay in a hotel on the employer’s account for the six months during which the employee’s new house is being built. A concluding recommendation would be to reach upfront agreement on these conditions, with the employee concerned. Be sure to clearly inform the employee if there ant tax implications relevant to the final agreement reached. Gallery What to pay when your employee travels away from home. Gallery The risk of using an employment interview as a marketing opportunity. Article supplied by: inavit iQ If you think back to the last time you went for an employment interview there was most likely a number of questions to yourself and then a description of the job and what the company is like. It is regularly assumed that transport services provided for employees (to ferry them to and from their place of work) is an employment benefit and thus attracts fringe-benefits tax. In solidarity with all South Africans and the South African business community, our offices will be closed to allow our staff to participate in these activities.
Reviews of Paymaster (0)