PSIberASSIST

These features offer:

PSIberCALCS includes the following:

· Cost of Running your Car (allows you to evaluate the cost of running your car against your car allowance);

· Car vs Allowance Analyzer (allows you to compare car vs allowance in terms of value and impact on tax liability);

· Retirement Payout Calculator (Calculated Tax Free portions of lumpsum RA, Pension and Provident payouts);

· Quick Tax Calculator (tax on annual earnings, reflecting average and marginal tax rates);

· Cumulative Tax Calculator (calculates your tax for a particular interval by taking into account YTD tax paid and lump sum payments);

· Loan Amortization (allows user to adjust interest rates and period of loan);

· Quick Tax Return Calculator (Summary IT12);

· A QuickTax Calculator;

· A Loan Amortization Calculator;

· A Company Car versus Car Allowance Comparison Calculator;

· Running Costs of a Company Car Calculator;

· A Year-to-Date Cumulative Tax Calculator that includes Occasional earnings.

The information provided by these documents and tables is as follows:

· Handy day-to-day business forms;

· Comprehensive PAYE tax rules documented in layman’s terms;

· Glossary of Tax Terminology that applies to PAYE;

· Latest and previous years Tax Tables;

· Travel Expense Table – Schedule A;

· Current Tax Parameters (e.g. Percentage of Travel Allowance that attracts PAYE, UIF threshold etc);

· Tax and Statutory news flashes;

· Employee Benefits and associated tax implications;

· Basic Conditions of Employment Act;

· Information on all Statutory contributions e.g. SDL.

PSIberLOGS…..

This is a useful recording mechanism for those monthly expenses that are vital at tax year-end when assessments are due. The following can be logged:

· Medical Expenses;

· Travel and Entertainment Expenses;

· Subsistence Allowances and other re-imbursive expenses