Salaried Employees - Specific and Unique Transactions Self-Study Course

Salaried employees in South Africa often receive payments and benefits beyond basic monthly remuneration. These transactions—whether bonuses, severance pay, travel allowances, or fringe benefits—carry specific rules under the Income Tax Act, SARS guidelines, and labour law frameworks like the Basic Conditions of Employment Act (BCEA). This course unpacks unique payroll transactions, explains their legal and tax implications, and demonstrates how to calculate and record them correctly.

TOPICS DISCUSSED

Module 1 – Annual Equivalent Calculation (Pro Rata)

Module 2 – Deduction to determine Balance of Remuneration

Module 3 – Donations to Solidarity Fund

Module 4 – Arbitration Awards

Module 5 – Severance Benefits

Module 6 – Backdates (Antedated) Salaries

Module 7 – Restraint of Trade

Module 8 – Leave Pay

Module 9 – Advance Salary

Module 10 – Overtime

Module 11 – Bonus

Module 12 – Variable Remuneration

Module 13 – Exemptions

Module 14 – Bursaries (School Fees)

Module 15 – Donations

Annexures Included: