Additional Tools & Value Added Information
PSIberCALCS…..
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.
PSIberDOCS…..
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 tax implication;
· 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;