ICB Short Course: Payroll and Monthly SARS Returns
Course Code: ICB-S-PMSR
This course is a foundation level course and forms part of the ICB Financial Accounting Programme. This course equips students in the practices of the payroll function as well as the ethical considerations of a tax practitioner in private practice. Students that enrol for this course with the view of registering as a tax practitioner in private practice must complete the full ICB National Diploma: Technical Financial Accounting (SAQA ID: 36213) and register as a member with the South African Institute of Tax Practitioners (SAIT). You will be able to:
- Calculate gross wages and salaries from time records or a productivity
- Make and record the correct deductions and calculate net wages and salaries
- Complete payslips, PAYE documents and other forms, showing Income Tax deductions
- Disburse money for wages according to organisational requirements
- Complete IRP 5 forms and documentation for the Receiver of Revenue according to legislative requirements
- Grade 10 (Std 8) or equivalent
- No prior accounting knowledge needed
- Mathematical Literacy at NQF 3/Grade 11 or equivalent
- Basic bookkeeping and VAT
- Plan, organise, implement, monitor and work within the payroll environment
- Record and validate input variations on employee records
- Basic conditions of employment
- Statutory registrations
- Complete PAYE documents
- Accounting for payroll
- Computerised payroll
- Monthly SARS returns and eFiling
- Ethics and the registered Tax Practitioner
Programme fees are set out in our Course Fee Schedule. The programme fees include all study materials and postage expenses. Study materials include a textbook, study and solutions guide and a free USB drive containing videos and solutions playlists. The programme fee excludes ICB registration and assessment fees.
Study materials are delivered via courier and email.
This programme is assessed by the ICB and involves three formative activities (assignments), two formative evaluations (tests) during your studies and one summative assessment (final examination) at the end of your studies. The assignments and tests are included in your Portfolio of Evidence (PoE) and counts 30% towards your final mark. You will hand in your PoE on the day you write your final examination. The final examination is written at an ICB assessment centre which is nearest to you and counts 70% towards your final mark. Final examinations are conducted quarterly in February, May, August and November for distance learning students.
Upon completion of the programme you will receive a results letter from the ICB for the subject covered.
This course is endorsed by the Institute of Certified Bookkeepers ICB). Trimond Academy (ICB provider accreditation number 301103) is an accredited tuition provider for Institute of Certified Bookkeepers (ICB).
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