By Peter Cottrell CA(SA) We hope that you are keeping safe and well. As the move to lockdown level 2 brings further easing of restrictions, we are acutely aware of the challenges that are encountered at each level of society. There is still a long road ahead, but we are hugely encouraged by the resilience we haveContinue reading “COVID-19: Temporary Employer-Employee relief Scheme (TERS) – A Limited Extension”
Category Archives: TERS
COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – May 2020 Update
By Peter Cottrell Chartered Accountant (SA) The application process for May 2020 TERS benefits opened on Thursday 28 May 2020. Since April there have been changes to the regulations and to the application process. The overpayment issue identified in the April 2020 calculations has also been addressed. Illustrating the importance of the TERS relief measure, the UIF is stated to haveContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – May 2020 Update”
COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Further Feedback on Benefit Calculations and Implementation Issues
By Peter Cottrell CA(SA) Since our update on 24 April, much progress has been made with the TERS benefit UIF calculations and by now most employers will have received a second round of payments from UIF. The purpose of this communication is to provide an update on the current status benefit calculations and implementation issues. Benefit CalculationsContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Further Feedback on Benefit Calculations and Implementation Issues”
COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Preliminary Feedback on Benefit Calculations
Most employers are still waiting for feedback on their TERS applications and accordingly information received to date is fairly limited. The limited feedback to date is that in some instances the TERS benefits received have been far less than what was expected. The purpose of this communication is to provide information based on the benefit calculations thatContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Preliminary Feedback on Benefit Calculations”
COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit Online Application Process
By Peter Cottrell After our comprehensive update on Temporary Employer-Employee Relief Scheme (TERS) yesterday, we now share some practical information on the online application process that has been opened. There are still some questions around which UIF option is best. In most circumstances, the TERS benefit will be the most effective method of getting benefits into employees’Continue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit Online Application Process”
COVID-19: Amendments to the Temporary Employer-Employee Relief Scheme (TERS) Benefit
By Peter Cottrell CA(SA) There have been significant changes to the Temporary Employer / Employee Relief Scheme Benefit over the last few days. Firstly, there have been significant changes to the regulations that have widened the scope of the scheme. There are three significant areas of change: Employees who are receiving reduced remuneration are now eligibleContinue reading “COVID-19: Amendments to the Temporary Employer-Employee Relief Scheme (TERS) Benefit”
COVID-19: Relief Measures Overview
Back by popular demand! After a raft of emails dealing with various relief measures and some personal reflections, we have taken a much needed moment to catch our breath. From a business perspective, I am pleased to report that our team are doing really well having adopted to this “new normal” way of working. TheContinue reading “COVID-19: Relief Measures Overview”
COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit
Update: There have been significant changes to the regulations and the registration process for the Temporary Employer-Employee Relief Scheme (TERS). Please refer to our updated guidance issued on 14/4/2020. Please find attached important guidance on the Temporary Employer-Employee Relief Scheme (TERS) Benefit, a joint effort between Clive Stewart and myself this time. Please note thatContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit”
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