What is the purpose of processing an ETI Take On?
The purpose of processing an ETI Take On is to display ETI data correctly in the CSV Tax File. It is also used to ensure the Note component: ETI Period Count, tracks the qualifying periods correctly.
An ETI Take On, can be summarised as follows:
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How do I process an ETI Take-On?
Where a new company and/or frequency is registered on the system during the tax year, you have the option to process year-to-date figures on an employee’s record. The purpose of processing an ETI Take On, is to display ETI data correctly in the CSV ...
How does the system calculate the ETI Period Count?
The ETI period lasts for 24 qualifying periods. Refer to the SARS Guide to the Employment Tax Incentive guidelines on what criteria need to be met in order for a period to be considered as an ETI qualifying period. PaySpace tracks the qualifying ...
Payroll Processing | The YTD Take On Screen
Overview Where a new company is registered on the system during the tax year, you have the option to process year-to-date figures on an employee’s YTD Take On Screen. If this is not done before the first Open Run is processed, you will have to ...
How do I process an ETI Correction?
An ETI correction needs to be processed through an ETI Take On. Navigate > Bulk Actions Select the Screen Type as Employee and the Action Type as Employee ETI Take On and download an empty template. Capture the relevant periods correct information to ...
What is the function of the field 'ETI Take On Bulk Action Processed' on the EMP501 ETI Breakdown Report?
This report is available on all PaySpace editions. A new field: "ETI Take On Bulk Action Processed" has been added to the EMP501 ETI Breakdown report which will display as follows when extracted. Navigate > Reports > Reports > Classic > Legislative ...