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GLOSSARY


What is Payroll in South Africa 04 Feb 2023    •    P Payroll generally denotes the remuneration given to employees for their services in a business.

What are payroll records 04 Feb 2023    •    P What are payroll records?

What is a payslip 04 Feb 2023    •    P Understanding your payslip is important. An employer gives an employee a payslip each payday. It shows their total amount earned, less deductions for things like tax and social security.

What is profit? 04 Feb 2023    •    P What is profit?

How to calculate profit 04 Feb 2023    •    P How to calculate profit

What is a profit and loss statement? 04 Feb 2023    •    P An income statement, also referred to as a P&L (Profit and Loss) statement, monitors the remaining profits after subtracting expenses from income during a particular accounting period.

What is profit margin? 04 Feb 2023    •    P What is profit margin?

How to calculate profit margin 04 Feb 2023    •    P How to calculate profit margin

What is Provisional Tax 18 Mar 2023    •    P Provisional Tax is not a different type of Tax but rather a method of advance tax collection.

What is a Public Benefit Organization (PBO)? 26 Mar 2023    •    P What is a Public Benefit Organization (PBO)?

What is the third (3rd) Provisional Tax Payment? 26 Mar 2023    •    P What is the third (3rd) Provisional Tax Payment?

What is PAYE - when is employees tax payable 27 Aug 2023    •    P PAYE which stands for Pay-As-You-Earn is the tax system which the South African Revenue Service uses for collecting income taxes.

What is a Public Interest Score 08 Sep 2023    •    P The public interest score determines whether a company should be audited or have an independent review performed on its financials.

Personal Income Tax South Africa 19 Sep 2023    •    P Personal Income tax is the normal tax you pay on your taxable income received for a tax year of assessment.

What is Paternity Leave 18 Mar 2024    •    P On January 1, 2020, parts 1 to 7 of the Labour Laws Amendment Act of 2018 came into effect. These parts amended the Basic Conditions of Employment Act to include new leave sections.

What are Pay Runs in South Africa 29 May 2024    •    P We refer to a payroll as a pay run. Pay runs encompass various components needed to compensate your workers

Who is a Professional Accountant? 05 Jun 2024    •    P Professional Accountants are Qualified Individuals who have obtained a Professional Accounting Designation.