HOW TO CALCULATE A RETRENCHMENT PACKAGE
Due to the global pandemic and lockdown in South Africa, much of an employers workforce is unable to generate income. This leaves employers in a precarious position and with limited options. Worldwide, employers are retrenching staff in an attempt to save their businesses by reducing expenses. This means that retrenchment packages need to be considered. Are you calculating your packages correctly to ensure you are optimising the impact on the company? Incorrectly structured packages could leave employers with higher costs than expected and cause more harm than good. Preparing a calculation taking into consideration all the variables is the first step in managing risk.
ABOUT THE SPEAKERS
Darren Britz, BA, LLB is an admitted attorney and the head of the Remuneration Consultant’s legal team. He regularly consults with employers on their employee’s tax matters, including tax on retrenchment packages and obligations of an employer in terms of the Fourth Schedule to the Income Tax Act. He has represented employers on numerous SARS payroll tax audits and objection processes. He further advises directors, financial managers and other senior employees regarding risk and defence of personal liability for corporate taxes. He leads Remuneration Consultant’s Special Voluntary Disclosure Team, and regularly assists employers with their applications for disclosure of payroll tax non-compliance.
REGISTER NOW
DATE:
Thursday, 21 May 2020
VENUE:
Via Zoom on your PC
TIME:
10:00 – 11:30
FEE:
R550 Company Price
R200 Individual Price
(excl. VAT)
Method of payment: EFT
