BECOME
TAX COMPLIANT
WITH IMMPLOY
Make your money work for you when you locum with us!
At Immploy, we’re aware of the benefits that come with being a locum - such as having ample employment opportunities, the ability to make extra income and of course, the wealth of practical knowledge and experience that you are exposed to within your chosen field.
But as with any exceptional work opportunity, there’s also the responsibility of taking care of your taxes in a correct and accurate manner, so that you don’t end up losing income in the long run.
When you exclusively locum with Immploy, we give you the opportunity to make your taxes, time and income work for you!
Learn how you can become tax compliant with Immploy Medical Recruitment by registering with us here:
DID YOU KNOW THAT WHEN YOU LOCUM WITH MULTIPLE AGENCIES, YOU RUN THE RISK OF PAYING MORE TAXES?
Yes, you heard right!
When you locum with multiple agencies, your income is taxed according to a
fixed percentage bracket. This means that since agencies are unaware of how much income you are making in total, you may run into the risk of being undertaxed - resulting in incorrect monthly tax payments being paid over to SARS. This then becomes your responsibility to amend when you file your tax return - which could become costly.
WANT TO EARN MORE WITH LESS TAX?
LOCUM WITH IMMPLOY ONLY!
IMMPLOY =
LOWER TAX
MULTIPLE AGENCIES =
HIGHER TAXATION
DID YOU KNOW THAT YOU CAN AVOID PAYING EXTRA SHORTFALL PENALTIES WHEN YOU ONLY LOCUM WITH US?
Doing your taxes correctly can become tricky when you’re earning income from multiple sources. It becomes even trickier when you have been undertaxed or taxed incorrectly by other agencies. This means that when you’re submitting your income tax return, you could receive an uncomfortable tax shortfall.
At Immploy, we’ve partnered with Xena Accounting, so you can trust that we’re taking care of your taxes – correctly.
IS YOUR AGENCY TAX COMPLIANT?
The unfortunate reality is that it has become common practice for agencies and employers to deduct taxes from you without paying them over to SARS. If your taxes are not paid over to SARS, it then becomes your responsibility to sort out that tax bill at the time of submitting your income tax return.
IMMPLOY IS A REGISTERED AND TAX COMPLIANT COMPANY!
SARS has a Tax Compliance Status system that anyone can access if they have a SARS e-filing profile. By inserting our Tax Compliance Pin into the Tax Compliance Status system, you can verify our compliance. Find our Tax Compliance Pin here.
At Immploy, we understand the importance of having your time and your money work for you!
This means that when you work for us, you’ll receive ongoing tax support at a reduced rate - available for both existing and new locums.
In partnership with Xena Accounting, our tax services will also be offered at a special rate, which will be determined by our finance team.
Register With Us Now
WHAT ARE THE BENEFITS OF WORKING FOR IMMPLOY?
- Working for us helps to improve your resume, adds to your skillset and increases your on-the-job experience.
- We help you to reach your potential by placing you in environments that bring out the best of your abilities.
- We accommodate your specialised field by finding positions within our client base.
- You will receive reliable weekly payments through our payroll system.
- You will receive assistance with tax payments from Xena Accounting
Become tax compliant with Immploy and let us show you how to make your time and money work for you!
Please contact us with any tax related queries by emailing us at [email protected] or fill in your details below
GLOSSARY:
TAX/TAXES
Taxes are one of the main sources of revenue for government systems. This revenue is generated from individuals, businesses and organisations. The revenue is used to maintain public infrastructure, services and programs. The South African Revenue Service is known as SARS – South African Revenue Service.
TAXPAYER
A taxpayer is an individual, person, business, or organisation who is liable to pay tax on their income.
TAX COMPLIANT
Being Tax Compliant means that a taxpayer has met their legal obligations by submitting all their tax returns and paying all taxes due.
INCOME TAX
Income Tax is the amount of tax that is paid from your taxable income. The amount to be paid varies on an income bracket – based on income tiers. For example, if you earn up to R216 200 a year, 18% of your income will become taxable.
UIF/THE UNEMPLOYMENT INSURANCE FUND
UIF refers to the Unemployment Insurance Fund of South Africa. Your employer makes contributions to this fund on your behalf. This is taken off from your taxable income. You will then be able to claim your funds should you experience job loss or retrenchment.
TAX SUPPORT
Tax support is a service that you can access to assist you with becoming Tax Compliant.
FINANCIAL YEAR
This refers to the 12-month period starting at the beginning of March and ending at the end of February for the purposes of an individual’s financial year for tax purposes.
TAX SHORTFALL
Tax shortfall refers to an inadequate amount of tax paid to SARS. Therefore, there is still an outstanding amount of tax that needs to be paid for an individual, business or organisation to be tax compliant - within a specific tax year.
TAX PENALTY
A tax penalty is an administrative non-compliance penalty for failing to adequately submit your annual tax return.
UNDERSTATEMENT
An Understatement refers to something being smaller/less than it really is.
UNDERSTATEMENT PENALTY
SARS issues an Understatement Penalty when your taxable income declared on provisional tax returns, is less than the final taxable income amount declared on your income tax return.
