You have reached the end of the tax year, printed all reports and would now like to create your tax system which you will be using to do your Annual EMP501 SARS Submission.

Every tax country is required to submit payroll data and/or tax certificates to their Revenue Authority at various times in the year. In order to generate your tax certificates and year-end data, while continuing with your live payroll, a tax year-end copy of your payroll is required.

This will create automatically when a Start New Period into the new tax year is done. This tax year-end instance is where the year-end reports must be generated from.

The tax year-end copy payroll will then be accessible as a separate instance, allowing you to extract your year-end data at any time convenient to you.

NOTE: Please ensure that no other users are accessing the Live Payroll Data nor Tax Year-End Instance for the same Site Code subscription (if it was previously created), as this could compromise the copy process and corrupt the Tax Year-end Copy Instance

From the main menu:

• Select Utilities>Start New Period

• The message indicates that the backup will be saved to your Live Data Instance, as well as to the Tax Year End Instance. (Backups may be retrieved under “Actions” on the launch page)
• Complete the Start New Period to enter the new tax year
• If a Tax Year End instance was created previously in another company when starting the new tax year, the current company data will now be added to that Tax Year End Instance