The Return of Earnings & Letter of Good Standing
The Return of Earnings and Letter of Good Standing Package is a collection of documents and tools that companies can use to ensure compliance with the South African Compensation for Occupational Injuries and Diseases Act (COIDA). The package usually includes instructions for filling out the yearly Return of Earnings (ROE) form, which is used to calculate the amount of compensation that companies must pay for workplace injuries and diseases. The package also contains instructions on how to obtain a Letter of Good Standing, which is a certificate issued by the Compensation Fund to employers that have paid their COIDA obligations on time. The Letter of Good Standing is necessary for some business activities, such as tenders and contracts, and serves as documentation that the organization is in good standing.
Return of Earnings & Letter of Good Standing
Compliance towards the COID Act, is an important aspect for any employer to be successful within their industry. The support provided by the H_Consulting staff in this regard will aid employers to not only comply with the act, but also improve their compliance with The COIDA Act no 61 of 1997. The support provided here contains the following:
- Annual Return of Earnings calculations and submissions on behalf of the employer.
- Annual assistance towards obtaining a Letter of Good Standing for the employer.
- Assisting clients with registrations with Workmen’s Compensation.
- Assistance with regard to claim completion and closure at Workmen’s Compensation.
This support is also available as a separate package for employers to consider.
