According to Deloitte, 39% of organizations have migrated to the cloud-based accounting system. Poor tax and payroll administration may cost a company both money and time, and it is likely to annoy and discourage staff. The Payroll and Tax Administration online course by UCT is intended to provide the knowledge and abilities needed to handle critical bookkeeping-related duties.
Payroll managers who are up to date on the latest regulations and industry standards are thus a great addition to any organisation. The Payroll and Tax Administration Training teaches essential ideas underlying individual and company taxation, as well as develops an understanding of how VAT returns and eFiling function.
According to research by the South African Payroll Association, an organized payroll department boosts the morale of employees. The Payroll and Tax Administration syllabus covers various payroll packages and systems and considering staff availability the tools needed to manage employees' salaries properly and efficiently to maintain a happy workforce.
The Payroll and Tax Administration fees are Rs. 62,133 (Incl of all taxes). Learners will have 2 options of paying the fee. Learners can either pay the fee in one lump sum or they can choose the split payment option in which they will have to pay the fee amount in 2 installments. If the learner chooses the split method of payment, they will have to pay an extra 3% amount as an admin fee. The payment can be made via debit/credit card or bank wire transfer.
Eligibility Criteria
Certification Qualifying Details
To qualify for the Payroll and Tax Administration certification, Students will have to finish the learning course modules, complete the minimum percentage of required attendance, and give projects and assignments on time. Candidates must participate in the quizzes, live polls, and other classroom activities. A series of online submitted course practicals and assignments are used to assess students. All the requirements mentioned in the course handbook should be met to qualify for certification.
After completing the Payroll and Tax Administration, Candidates will get a current grasp of payroll processing and tax regulations that they can directly apply to their scenario. Candidates will learn how to guarantee that their company complies with rules and regulations. Candidates will also learn how Human resource management to adjust and manage wages while considering staff availability.
Anyone who wishes to enhance their understanding and skills in tax and payroll administration can join the course.
Bookkeepers, payroll clerks, Accountants, Financial advisors, and finance department executives who are already active in the payroll and taxation field.
Business owners with no prior experience in accounting, bookkeeping and finance, who want to learn about the core toolbox for establishing a payroll department.
Admission Details
For admission in the Payroll and Tax Administration online training, follow the steps outlined below:
Step 1. To visit the official course page, go through the official URL.
Step 2. Click the ‘Register Now’ button to start the registration
Step 3. Read and agree with the terms and conditions to continue
Step 4. Fill in the personal details to create an account
Step 5. Provide the billowing address and optional details of the sponsor
Step 6. Pay the fee cost and begin your class on Getsmarter
The Syllabus
Review the tax tables and available rebates
Outline the current South African tax system
Define what ‘gross income is
Review basic tax concepts by working through a comprehensive example
Explain how exempt income and deductions work
Identify the applicable basic tax concepts for individuals
Describe the SARS eFiling service
Explain the taxation of fringe benefits
Explain how allowances work
Discuss lump sum payments on retirement
Explain donations tax
Explain how capital gains tax works
Review estate duty and examine the significance of tax residence
Demonstrate the applicable tax concepts that are relevant to individuals
Explain provisional tax
Review the basic principles of general deductions
Explain the principles of gross income and recoupments
Outline the various forms of business organisations and their tax treatment
Identify who is required to and who may register as VAT vendors
Explain value-added tax and how it is calculated
Show the different tax categories and types of supplies
Choose which business tax concept would be applicable in different scenarios
Calculate VAT liability, including when input VAT is denied and how to apportion and adjust the VAT
Explain the concept and application of capital gains tax
Outline the basic principles around special allowances and deductions
Review STC and dividends
Describe the benefit of turnover tax in terms of an example company
Interpret the usefulness of small business corporations in terms of an example company
Explain provisional tax
Calculate the taxable income and apply VAT principles to a case study business
Show how eFiling works with advanced tax concepts
Outline the differences between employees’ tax and income tax
Explain the basics of payroll
Discuss the Basic Conditions of Employment Act
Apply the basic principles of PAYE
Interpret the basics of the Labour Relations Act
Calculate UIF and SDL
Select the appropriate principles of payroll that apply to the given examples
Investigate Workmen's Compensation
Calculate employees’ tax
Discuss leave policies and how to take these into account for payroll purposes
Complete an EMP201 form
Categorize the payroll systems and packages
Investigate the use of the EMP501 form
Analyze payroll administration considerations in terms of practical examples
Instructors
UCT Cape Town Frequently Asked Questions (FAQ's)
1: How do I manually calculate payroll?
Payroll calculations are based on the payment regularity and hourly compensation of employees.
2: What is the formula for calculating payroll?
To calculate the payroll, multiply the annual wage by the number of billing cycles in the year.
3: What are the 3 types of taxes?
The 3 types of taxes are: proportional, regressive, and progressive.
4: What is the need of taxation?
Taxation not only funds essential public services; it also plays an important role in the social compact that exists between people and the economy.
5: Which is the best payroll and tax course ?
The Payroll and Tax Administration online course offered by UCT is the best in the industry.