VAT made simple: when to register & how to file your VAT201
Confused by SARS VAT? This simple guide for SA businesses explains the R1 million threshold, when to register, and how to file your VAT201 correctly to avoid penalties.
Below are the informative prices of accountants. We've also examined what the quoted prices usually include and which factors affect the final price.
Accounting, Bookkeeping, Payroll, Tax and Compliance — up to R1 million annual turnover
This is the monthly rate for accounting, bookkeeping, payroll, tax, and compliance services if your business has up to R1 million in annual turnover. The price can vary depending on the size and complexity of the business. The average cost is usually R4400/month.
Get quotesAccounting, Bookkeeping, Payroll, Tax and Compliance — R1–R5 million annual turnover
This is the monthly rate for accounting, bookkeeping, payroll, tax, and compliance services if your business has between R1 million and R5 millions in annual turnover. The price can vary depending on the size and complexity of the business. For an accounting monthly package — R1–R5 million annual turnover, expect to pay between R3800/month and R7500/month.
Get quotesAccounting, Bookkeeping, Payroll, Tax and Compliance — over R5 million annual turnover
The cost of Accounting, Bookkeeping, Payroll, Tax and Compliance — over R5 million annual turnover typically runs from R7500/month to R15,000/month, averaging at R11,000/month.
Get quotesPayroll
This is the price for payslip per month for standard payroll services: monitoring employee time and attendance, calculating payroll taxes and ensuring the correct deductions, ensuring compliance with all state and federal laws governing payroll. The average cost is usually R63/payslip.
Get quotesBookkeeping — up to 30 transactions
The cost for bookkeeping depends on many variables (company size and annual turnover, the number of monthly transactions, number of employees, etc.). This is the average price for basic bookkeeping if your business has up to 30 transactions per month. The average cost of a bookkeeping rate for up to 30 transactions per month is R600/month, or typically between R400/month and R900/month.
Get quotesMonthly Payroll Services
The monthly fee for payroll services: monitoring employee time and attendance, calculating payroll taxes and ensuring the correct deductions, ensuring compliance with all state and federal laws governing payroll. The average cost is usually R600/hour.
Get quotesBookkeeping — up to 60 transactions
The cost for bookkeeping depends on many variables (company size and annual turnover, the number of monthly transactions, number of employees, etc.). This is the average price for bookkeeping if your business has up to 60 transactions per month. The average cost is usually R1400/month.
Get quotesBookkeeping — up to 90 transactions
The cost for bookkeeping depends on many variables (company size and annual turnover, the number of monthly transactions, number of employees, etc.). This is the average price for bookkeeping if your business has up to 90 transactions per month. On average, expect to be charged between R2100/month and R2500/month for a bookkeeping rate for up to 90 transactions per month.
Get quotesBookkeeping
Per-hour fee for consultation services, short-term assistance sorting out bookkeeping issues, or one-time help with financial records. Bookkeeping fee by the hour costs range between R100/hour and R400/hour with an average of R300/hour.
Get quotesFinancial statements
Financial statements (or financial reports) are written records that convey the financial activities and performance of a business, person, or other entity. Accountants audit financial statements to ensure accuracy or for tax, financing, or investing purposes. The price of the review differs according to the size and the complexity of the entity. Financial statement costs range between R200/hour and R900/hour with an average of R600/hour.
Get quotesTax Advisory, SARS Audit (business)
Per-hour rate for consultations regarding tax matters and SARS audits for business clients. The rate may vary according to business type and complexity. For tax consultantion, SARS audit, expect to pay between R900/hour and R1600/hour.
Get quotesTax Advisory, SARS Audit (Individual)
Per-hour rate for consultations regarding tax matters and SARS audits for individual clients. The cost of tax consultantion, SARS audit typically runs from R400/hour to R1100/hour, averaging at R900/hour.
Get quotesCompany/CC Tax Return (IT14)
Price for completing and submitting the IT14 or Income Tax Return for Companies and Close Corporations (CC). Completing the company/CC tax return costs range between R900 and R1900 with an average of R1300.
Get quotesTrust Income Tax Return (IT12TR)
Price for completing and submitting the IT12TR or Trust Income Tax Return. The average cost is usually R1900.
Get quotesProvisional Tax Return (IRP6) — 2nd Period
A once-off fee for submitting the second provisional tax return (IRP6) which must be submitted at the end of the year of assessment. There's also an option to make a third provisional (top-up) payment before submitting your income tax return (ITR12) for that tax year. Provisional tax is paid by individuals who earn income other than a salary. The average cost of second provisional tax return (IRP6) is R900, or typically between R800 and R1000.
Get quotesProvisional Tax Return (IRP6) — 1st Period
A once-off fee for submitting the first provisional tax return (IRP6) which must be submitted within the first 6 months of the year. Provisional tax is paid by individuals who earn income other than a salary. First provisional tax return (IRP6) costs range between R800 and R1000 with an average of R900.
Get quotesIncome Tax Return for an individual (IT12) — Fee Per Hour
Price for completing and submitting the IT12 or Income Tax Return for an individual. Some tax consultants charge at an hourly rate while others charge a flat, once-off fee. For income tax return for an individual, expect to pay between R400/hour and R900/hour.
Get quotesIncome Tax Return for an individual (IT12) — Total Fee
Price for completing and submitting the IT12 or Income Tax Return for an individual. Some tax consultants charge at an hourly rate while others charge a flat, once-off fee. The average cost of income tax return for an individual is R1500, or typically between R600 and R2500.
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