Summary
Resolution
Ensure the following additional information is correct:
1. Payroll Definitions:
On the Navigation Pane:
Expand Company Management
Double click on Payroll Definitions
Select applicable Earning, Deduction, Company Contribution, Fringe Benefit or Provision
Confirm that the following definition information is correct:
• Definition Type
• Tax Type
• Tax Code
NOTE: When changes are made to definitions it will have an affect on history tax certificates.
2. Medical Aid Information:
On the Navigation Pane: Expand Company Management Double click on Payroll Definitions Select applicable Deduction, Company Contribution, Fringe Benefit
Ensure that all medical aid contributions and expenses are allocated to the correct codes.
IRP5 | Description |
4474 | Employer’s Medical Aid Contributions |
4005 | Medical Aid Contributions |
4024 | Medical Services Costs Deemed Paid for Immediate Family |
3813 | Cost related to Medical Services paid by Company |
3810 | Medical Aid Contributions paid on behalf of the employee fringe benefit |
4493 | Employer’s Medical Aid Contributions i.r.o. Retired Employees |
4116 | Medical Scheme Fees Tax Credits taken into account for PAYE purposes |
4120 | Additional Medical ExpensesTax Credits for employees 65 and older |
Click here for instructions on how to print the history medical aid report.