Salary & Wages Outsourced

What is YLPS’s Payroll Outsourcing Solution ?

The YLPS Payroll Outsourcing Solution provides a quality outsourcing service, geared to meet the needs of businesses today. We provide a payroll service for monthly and weekly payroll cycles, including the production of monthly reports and security-sealed payslips. In addition, we provide a full end of tax year service including the production of all statutory employer and employee information.

What’s new in payroll arena? (Save the trees!)

Electronic payslips – no more paper. For the green friendly or simply those who hate paperwork, we now offer electronic payslips mailed directly to your employees email address.

Outsourcing your Executive Payroll
Confidentiality is of utmost importance when processing your executive payroll. VIP’s executive outsourcing services will ensure that your executive payroll remains confidential and that directors’ taxation is handled in line with the latest legislation.

Services we Offer

• In-depth needs analysis to ensure that you get exactly what you expect.
• High level review of remuneration structures to ensure compliance with tax legislation and other statutory requirements.
• Applying the latest legislation regarding Directors' PAYE for your executive payroll.
• Administration of your salaries bank account.
• Maintenance and reconciliation of medical aid, pension and provident fund payments.
• Maintenance and reconciliation of other third party payments including garnishee orders and staff loans.
  Leave administration.
• Preparation of electronic transfer files for employees' net salaries.
• Customised reports in both electronic format (MS Excel) and hard copy.
• Integration with your general and costing ledgers.
  Costing of salary related provisions.
• Monthly preparation and submission of the EMP201 return for PAYE, Skills Development Levy and UIF.
• Annual preparation of IRP5 and IT3 certificates and OID return.

Why outsource your payroll?

Market trends are showing that many businesses are evaluating the administration of their payroll and have found that outsourcing their payroll is more cost effective.

Evaluate the time your wage / admin clerk spends on weekly wages and monthly salaries. Take their monthly salary, divide it by 4.33, divide that then by their weekly hours (45 hrs possibly), you get to an hourly rate which would be multiplied again with the hours spent by your employee. Don't stop here, go on to calculate what portion of your accountant or bookkeepers bill is for sorting out the wages / salaries at year end... payroll management and outsourcing this key function to YLPS can reduce costs and risk.

What payroll administrative packages do we use?

We process pay on VIPpayroll or Persona, our custom made program developed by Upfrontsystems.

Benefits of Outsourcing

• Complete payroll processing.
• Printing and distribution of customised payslips.
• Transmitting your declaration file to the UIF on your behalf.
• Providing customised management reports.
• Production and reconciliation of IRP501 end of year returns.
• All statutory requirements complied with.

Tailor made Payroll

We focus on supplying to the customers needs. We discuss your requirements and then formulate a service that is individually tailored to best suit your needs. Our continuous feedback process ensures that we keep in touch with the growing needs of your business.