Most businesses will have employees besides the owners. As an employer you have to collect various levies, including, Unemployment Insurance deductions, personal income taxes and skills development levies.
To keep track of the employee payroll, you will need the following:
- A log book to record the hours your employees worked, their gross pay, and the amount of deductions that you made. You can find these types of payroll books at most stationery stores.
- The correct forms that you have to complete on a monthly basis as well as tax tables for deducting SITE/PAYE.
(See: Registrations as a New Employer,: Income Tax)