FEES AND PAYMENT TERMS
ALL FEES EXCLUDE VAT
(Effective from 1 March 2012 to 28 February 2013)
Accounting, Tax and Management Consulting Services
OUR FEES ARE BASED AT ALL TIMES ON TIME SPENT, SUBJECT TO THE MINIMUM CHARGES SET
OUT IN THE SUMMARISED TABLES AND DETAILED SCHEDULES BELOW.
Our general charge-out rates in all consultations and attendances, including phone calls and emails, are
between R250 and R1 200 per hour for all accounting, tax and management consulting assignments. The rate is
determined based on the complexity of the matter, as well as the seniority of the practitioner involved. We will, at
all times, endeavour to ensure that your work is performed at a level economical to you, given the nature of the
matter involved, its seriousness and its complexity. If the matter is delegated to a professional assistant instead
of a professional of the firm, this will be done at the lower end of the hourly rate quoted above.
Tax Compliance Services – MINIMUM ANNUAL FEES
CATEGORY
ACCOUNTING
FEES +
TAX RETURN
PREPARATION
ANNUAL
ADMIN FEE *
TOTAL
R
-
R 1,150
R 475
R 1,625
Individual Salary (non provisional
taxpayer)
Individual (provisional taxpayer)
-
R 1,150
R 975
R 2,125
Commission Earner
R 1,190
R 1,150
R 975
R 3,315
Sole Trader / Partnership
R 1,650
R 1,150
R 975
R 3,775
Trusts
R 2,700
R 1,300
R 975
R 4,975
Company/Close Corporation
R 5,850
R 1,575
R 1,200
R 8,625
-
R 500
R 350
R 850
Dormant Entity
+
*
Additional accounting fees will be charged to individual taxpayers where there are rental properties or where
Capital Gains Tax schedules are required. The above fee excludes the cost of Statutory Independent
Review where required.
Annual administration fee includes Maintaining an e-Filing Profile, Extensions, Provisional Tax Returns, IT34
Assessment Review, Physical File Maintenance, liaising with SARS and acting as Registered Office. These
fees are billed annually in advance on 1 March for existing clients. New clients will be billed pro-rata from
take-on date to the end of February.
Tariff Fees
TAXATION
Request for a tax exemption certificate - IRP30(a)
R
R 1,650
Request for a tax directive - IRP3(a)
R 950
Employee's tax certificate IRP5 and duplicate employee's tax certificate
R 275
Tax clearance certificate – good standing / tenders
R 1,000
Tax clearance certificate – foreign investment
R 1,200
Completion of IT14SB if required by SARS
R 1,000
VALUE ADDED TAX
R
VAT101 –Value Added Tax registration
R 2,150
VAT123 – De-registration
R 1,620
MONTHLY FEES
R
Monthly accounting service ●
R 2,125
VAT returns - per period
R 700
PAYE / UIF / SDL returns
R 700
Payroll services: Fixed fee per month plus variable fee per employee #
R 550
Wages
Salaries
0-10
Cost per employee
R 125
R 100
11-20
Cost per employee
R 95
R 75
21-30
Cost per employee
R 90
R 70
31-40
Cost per employee
R 85
R 65
41-50
Cost per employee
R 80
R 60
>50
Cost per employee
R 75
R 55
The monthly accounting service includes bookkeeping on Pastel, periodic management accounts and full
statutory return compliance. An hourly rate of between R200 and R700 is charged dependant on the
complexity of the work and the level of skill required.
Payroll service includes maintaining records on Pastel Payroll, generation of monthly pay slips, submission
of monthly statutory returns, annual IRP5 certificates and biannual IRP501 reconciliation.
•
#
TAX REGISTRATIONS
R
PAYE – Register as an Employer
R 925
SDL – Skills Development Levy (if separate from PAYE)
R 925
UIF – Unemployment Insurance Fund
R 545
WCA – Workmen’s Compensation
R 550
IT77 – Register as a taxpayer
R 600
IT77C/IT77TR - Register as a taxpayer (Company / Trust)
R 800
COMPANY / CC SECRETARIAL
COMPANY
CC
New Company Formation
R 6,950
-
Shelf entity including name reservation and change of directors
R 6,950
-
Conversion from a CC to a Company
R 6,950
-
De - registration with the Registrar of Companies
R 2,975
R 1,785
Change of Company name – CK2; CoR39
R 2,000
R 1,000
Transfer of shares and share certificates
R 1,200
-
Change in directors / members
R 1,200
R 1,000
Change of Financial Year End
R 1,200
R 1,000
Conversion of Memorandum of Incorporation (MOI)
R 1,950
Special Resolution
R 900
-
Reservation of Name – CoR15.2
R 435
R 435
File Search – Statutory records
R 435
R 435
Submission of Annual Returns – over and above CIPC prescribed fee
R 550
R 450
OTHER
BEE certificate for Exempt Micro Enterprises (EME)
R
R 400
Certificate of Earnings / Earnings Letter
R 400
Accountants report in respect of property transfers
R 500
Independent Review
Please request a quote
TERMS OF PAYMENT
1.
2.
3.
4.
Our terms of payment are strictly on presentation of the invoice.
Kindly note that all accounts not settled in accordance with the above terms may be handed over for
collection.
Interest will be levied as per the maximum Usury Act rate on all overdue amounts.
Interim invoices will be issued where the work is of a continuous nature.