How we support Private Schools
Your school fee income is correctly accounted for, staff payroll is accurate and SARS-compliant, and your AFS meets the standards required by your governing body and the Department of Education.
"School fee cycles, term payroll, and SARS compliance — we handle the full picture."
- School fee income accounting and recognition
- Bursary and scholarship expense recording
- Teaching and administrative staff payroll
- Monthly PAYE, UIF, and SDL submissions
- Annual Financial Statements
- SARS compliance and income tax returns
Get Specialist Accounting for Private Schools
Book a free 30-minute consultation and we'll show you exactly how we support your sector.
Common questions from Private Schools
Are private schools exempt from income tax?
Independent schools registered as Non-Profit Companies (NPC) and approved as PBOs may qualify for income tax exemption. For-profit schools are subject to normal corporate tax. We advise on the most appropriate legal structure and tax status for your institution.
How should school fees paid in advance be accounted for?
School fees received in advance are initially a liability (deferred income) and recognised as income over the academic term or period to which they relate. Correct recognition is important for accurate financial statements and fair representation of your financial position.
What payroll obligations does a school have?
Like all employers, schools must register for PAYE, UIF, and SDL. Learnerships and internship programmes may attract special SDL treatment and potential rebates. Payslips must be issued monthly and IRP5 certificates at year-end.