Why is the rand to dollar exchange at its best rate in three years?
The rand is gaining some serious ground on the US dollar in 2018, but what is good news for South Africa isn’t so rosy for the Americans. The current rand to dollar exchange is the best it has been for three years in Mzansi. So, how have we ended up here? It wasn’t that long ago that a cautious midterm term budget speech from Malusi Gigaba had the rand pushing R1 $15. When markets closed on Tuesday, the rand was trading at R11.89 per dollar. Here’s what has tipped the scales in South Africa’s fa...
You do not need to calculate payroll premium if your policy is on a stipulated billing cycle.
Sample Payroll Report.
However, if your policy is not yet on a stipulated billing cycle, this is typically what you will see when we send you a payroll report.
A split payroll report is sent when there is an Anniversary Rating Date on your policy, which is the month and day that rates, rating plans and rating systems are initially applied to a policy in force and each annual anniversary thereafter. Your payroll will need to be annotated for each period specified.
Sample Split Payroll Report.
We will need a complete employee job description before we add the classification to the policy. Please do not report payroll in the new classification until it has been reviewed and endorsed to your policy.
Job Duties Questionnaire.
We recommend you keep a copy of your previous payroll reports and payroll records for at least seven years, as you would your tax records.
Submitting Payroll Reports.
There are three different ways to submit your payroll reports.
State Compensation Insurance Fund P.O. Box 7441 San Francisco, CA 94120-7441.
Free payroll reports.