Taxation

Compliance

In the vast dynamic of compliance today, it is important for all companies nationally to comply with certain criteria. Prestige Payrolls is here to ensure
perpetual compliance across all business-related spheres.

Prestige Payrolls prides itself in achieving 100% compliance for ALL clients across all spheres. It is imperative that companies abide to the ever-changing systems of South African law and strive to keep acquiescence throughout the duration of each financial year.

Starting a new business:

Prestige Payrolls handles all registrations for new businesses. This includes registration with:

Company Registrations (CIPC):

If you’re thinking about starting your own company and require a full registration package from one provider, take a look at our registration specialities and contact us today!

Entering the venture of entrepreneurship can be daunting, many new items present themselves as urgent tasks along the journey to having a fully compliant and registered business. Elisabeth Fielden, Director of Prestige Payrolls, knows how
fraught this experience can be and therefore has enabled Prestige Payrolls make itself available for utilisation in order to buffer the stress of corresponding with the various departments for registration and ensuring that your company receives top tier service.

Building Industry Bargaining Council (BIBC):

The BIBC has been operational for more than 80 years, originating in the 1920s under the Department of Labour. The Council provides that employees and employers from representative organizations within an industry or area can enter into collective agreements covering areas of mutual interest. Furthermore, the essential function of the BIBC alludes to offering forums for negotiation and collective agreement. BIBC compliance is imperative for our building industry clients as without tendering for award winning contracts will be made redundant.

Prestige Payrolls plays a vital role in BIBC compliance by:

  • Issuing monthly returns to the BIBC as per the relevant employee job titles and hours worked.
  • Monthly requisitions to the BIBC as per payment codes.
  • Monthly BIBC Compliance Certificate is issued to ensure maximum probability of tendering opportunities.

Workman’s Compensation Act (WCA):

The Compensation Fund is used to provide compensation to employees who are injured or contract diseases through the course of their employment. The Fund is governed by the Compensation for Occupation Injuries and Diseases Act (COIDA) of 1993. Registration for WCA can take place online via the Department of Labour website. Our injury on duty registrations also include:
  • FEM
  • MBCO
  • Rand Mutual