Payroll Accounting Specialist
2 weeks ago
Network Recruitment is seeking a skilled Payroll Accounting Specialist to join their team. This role involves managing payroll tax compliance, payroll accounting, and reconciliations.
Key Responsibilities:- Advise the Payroll Services team on income tax implications
- Draft opinions on income tax consequences for ad hoc queries
- Assist and advise on complex income tax and VAT issues
- Interpret income tax legislation and ensure compliance
- Support the implementation of payroll transactions
- Adhere to risk management procedures
- Manage daily payroll processing, including salary, wages, and tax reconciliations
- Prepare, review, and file amended tax returns
- Review third-party payments and reconcile them to the general ledger
- Prepare management reports, including provision reporting
- Process payroll journals and general ledger entries
- Import weekly and monthly payroll interface data
- Perform monthly reconciliations of general ledger accounts
- Conduct reviews and testing of payroll provisions
- Ensure accurate reporting of payroll information
- Verify statutory deductions and ensure timely payments with correct GL entries and reconciliations
- Oversee payroll-related benefits (e.g., Provident Funds, Pension Funds, Medical Funds) to ensure accurate processing and reconciliation
- Maintain compliance with payroll documentation and month-end reports
- Prepare integrated reports for operations and support external audit processes
- Assist with Employment Equity and Stats SA reporting
- Support general accounting functions as required
- Degree in Finance or Accounting
- Postgraduate qualification in Tax or professional Tax Practitioner is advantageous
- Minimum of 5 years' experience in payroll accounting and tax compliance
- Strong knowledge of payroll legislation, tax regulations, and VAT
- Proficiency in payroll systems and accounting software
- Experience with general ledger reconciliations and statutory reporting
- Attention to detail, analytical skills, and the ability to manage deadlines
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