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 In News

MAY DAY, MAY DAY ­ ALL THE HOLIDAYS ARE OVER!What a month May has been thus far, who could imagine a month containing so many divergent holidays?

We kicked the month off with Workers Day (01 May) and quickly followed that up with Star Wars Day (May the 4th) and if that wasn’t enough we even through in an Election Day (07 May), that’s a lot to absorb in the first week of any month.

I suppose it is a good thing that we get all the holidays out of the way in the beginning of the month, so we can focus on the important task of submitting your EMP501 return, which is due at the end of this month. For those who don’t recall your EMP501 is a reconciliation of all the PAYE returns that were submitted throughout the year and it is used by SARS to prepare your IRP5.

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SME Focus - Income vs expense by Phezulu VBO