Unlock the Potential of Employment Tax Incentive (ETI) with FUTRA
Are you ready to tap into the power of the Employment Tax Incentive (ETI) and supercharge your workforce? At FUTRA, we empower employers to harness the benefits of ETI while navigating potential challenges with ease. Let’s embark on this journey together and unlock a world of opportunities for your business and the youth of South Africa.
Double Impact with ETI:
- Save on PAYE while fuelling community development
- Drive economic growth with dual benefits
The Why Behind ETI
The Employment Tax Incentive (ETI) isn’t just another bureaucratic regulation—it’s a catalyst for change, designed to invigorate youth employment and stimulate economic growth through community development. By offering incentives to employers who hire qualifying young individuals, the ETI scheme fosters a dynamic ecosystem where businesses thrive, and youth flourish. Let’s seize this opportunity to make a meaningful impact on our communities and economy.
Why Choose FUTRA?
At FUTRA, we’re more than just a service provider—we’re your dedicated partner in success. Here’s how we can assist you in maximizing the benefits of ETI:
- Streamlined Payroll Management:
Leave the complexities of payroll, including ETI calculations, to us. Our expert team will ensure accuracy and compliance every step of the way, freeing up your time to focus on strategic initiatives.
- Comprehensive ETI Calculations:
Gain peace of mind knowing that your ETI claims are managed effectively. Our thorough Calculation process identifies potential risks and ensures that you’re maximizing your ETI benefits while staying compliant with regulations.
- Sourcing Of Young Adults:
We source and manage the employees on your behalf, thus ensuring that all ETI employees comply with SARS regulations
- Streamlined Payroll Management:
Leave the complexities of payroll to us. Our expert team will ensure accuracy and compliance every step of the way, providing you with parallel payroll managed for the young adults.
- Tailored Training Programs:
Equip your staff with the knowledge and skills they need to navigate the intricacies of ETI. Our customized training sessions empower your team to overcome challenges and optimize ETI implementation.
The Benefits Await
- Cost Reduction:
ETI enables you to reduce your PAYE bill while still providing young employees with competitive wages. It’s a win-win scenario that promotes financial sustainability for your business.
- Extended Claim Period:
With our innovative platform, you have the opportunity to claim incentives for an impressive duration of up to 24 qualifying months per employee internally. Moreover, for external ETI Employees, the claim period is indefinite, ensuring sustained benefits and unwavering stability.
- Alignment with Government Objectives:
By participating in ETI, you contribute to broader government initiatives aimed at reducing youth unemployment and fostering economic inclusivity.
- Enhanced Reputation:
Demonstrating your commitment to youth employment through ETI not only enhances your brand reputation but also positions your business as a responsible corporate citizen.
The Benefits of ETI for Employees
- Employment Opportunities:
ETI encourages employers to hire young and less experienced workers, creating job opportunities for individuals entering the workforce.
- Skills Development:
ETI encourages employers to hire young and less experienced workers, creating job opportunities for individuals entering the workforce.
- Financial Stability:
By securing employment through ETI, employees enjoy a stable income, allowing them to support themselves and their families.
- Career Advancement:
By securing employment through ETI, employees enjoy a stable income, allowing them to support themselves and their families.
- Contribution to the Economy:
Employed individuals contribute to the overall economic growth and prosperity of the country, driving positive change and development.
Wondering if your business is eligible for ETI?
Here are the key criteria:
- Registered forEmployees' Tax (PAYE):
Ensure that your business is registered for PAYE or is eligible to register, meeting all necessary requirements.
- Not Affiliated with Government Entities:
ETI is tailored to support dynamic private sector employers, offering exclusive benefits to drive your organization forward. Regardless of your industry, as long as you’re contributing PAYE, you’re eligible to harness the advantages of this program.
- Compliance with Regulations:
Stay informed about ETI regulations and avoid disqualification by adhering to all prescribed conditions set forth by the Minister of Finance.
ETI: A Pathway to Success
ETI isn’t just a tax incentive—it’s a pathway to a brighter future for both employers and young job seekers. By embracing ETI with FUTRA, you’re not only unlocking financial benefits but also nurturing talent, driving innovation, and shaping a more prosperous tomorrow.
Seize the Moment
Now is the time to embrace the transformative potential of ETI and propel your business forward. With FUTRA by your side, you’ll navigate the complexities with confidence, unlocking a world of opportunities for growth, innovation, and success. Let’s embark on this journey together and create a brighter future for your business and our nation.
Take the first step towards financial empowerment by utilizing the ETI calculator. Witness firsthand the transformative impact of our program on your savings.
