Mashele Accounting Solutions

29/05/2026

What is PAYE(Pay As You Earn) and who must pay it?

Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE. All employers must register for PAYE as soon as employing at least one person. The PAYE amounts withheld must be paid by the employer to SARS on a monthly basis, by completing the Monthly Employer return (EMP201).

04/05/2026

Diesel Refund System

What is it?
Qualifying entities that carries on eligible activities in the categories and industries listed below and that are registered for VAT purposes (under the Value-Added Tax Act, No. 89 of 1991), may apply for registration for the diesel refund by completing a VAT101D (Application for registration of diesel refund).

You can claim a diesel fuel refund if you are a registered VAT vendor and your business is involved in one of the following industries:
1. On Land
1.1 Farming
1.2 Mining
1.3 Forestry

2. Off Shore
2.1 Commercial Fishing Vessels
2.2 Coasting Vessels
2.3 Off-Shore Mining
2.4 Vessels owned by the NSRI
2.5 Marine Industry Research Vessels
2.6 Coastal Patrol Vessels
2.7 Fibre-Optic Telecommunication Service Vessels

3. Harbour Vessels
3.1 Operated by Portnet
3.2 Used by in-port bunker barge operators

4. Rail
4.1 Locomotives used for rail freight
5. Electricity Generation Plants

5.1 Such plants with a generation capacity exceeding 200 Megawatt per plant.



https://www.sars.gov.za/customs-and-excise/excise/diesel-refund-system/?fbclid=IwY2xjawRlGvNleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeaxjwo2ST7I0jMa_MYbeYYU8Uhhw5uYg1uMBONBZ7p-RoviNb7q4LOk4HTec_aem_6N2DTH9bqgIBoc2TuI3tRA

Following the earlier communication dated 12 December 2025 (reference number 7/6/1/1/2/PQ/DRS/2025/Dec-1), SARS informs stakeholders that the new Diesel

20/04/2026

Basics of Accounting

Accounting is an essential part of running a business, but that does not mean that you have to be an accountant to comprehend the basics, the Accounting Equation states that company's total assets are equal to the sum of its liabilities and its shareholders' equity and this is the foundation of double entry accounting system.

Assets=Equity + Liabilities

02/04/2026

Basics of Taxation

Many individuals are of the views that rental income is not taxable, which is far from the truth, a South African resident is taxed on world wide income/s, though some income/s can be exempt from tax, it is the taxpayers responsibility to declare his/her yearly(some half yearly) income to SARS, thus rental income is a taxable income which must be declared on the ITR12. Expenses such as repairs costs, bond interest, etc. are allowed as deductions.

Contact us if you are struggling to make this declaration to SARS.

17/03/2026

Understanding the VAT threshold increase: what businesses need to know about deregistration!

When a vendor ceases to be registered for VAT, section 8(2) of the Value-Added Tax Act, No. 89 of 1991 (VAT Act) deems certain goods and rights forming part of the assets of the enterprise to have been supplied immediately before deregistration.

With the VAT registration threshold set to rise to R2.3 million in April 2026, businesses must carefully consider the implications of deregistering.

11/03/2026

SARS has a new WhatsApp weapon to come after taxpayers!

https://businesstech.co.za/news/finance/853438/sars-has-a-new-whatsapp-weapon-to-come-after-taxpayers/

SARS is on the hunt for outstanding debts owed, and has expanded its direct communication channels to contact taxpayers over WhatsApp.

11/03/2026

What is Cash Flow?

Cash Flow is the net amount of cash that an entity receives and disburses during a period of time, in simple terms is the movement of money in and out of a company. A positive level of cash flow must be maintained for an entity to remain in business and generate value for investors.

25/02/2026

What is a Business Profile?

A business profile is like a resume for you business/company, it gives a general idea of what a business is about and a glimpse into your organisation's business plan. A business profile includes values and objectives. It shows some of the major clients you're working with, or have worked with in the past. It also gives an idea of where your business is headed.

25/02/2026

CIPC Notice!

Processing Delays in Business & Name Reservations⚠️

Due to ongoing delays, there may be longer turnaround times for business and company name reservations.

For full details, view the official notice using the link.
🔗 : https://bit.ly/4aDkZ6w

12/02/2026

What is an Asset Register?

An asset register is a management solution tool/s for keeping track of the number of assets a business has, there are few types of asset registers, namely, fixed asset register, IT Asset Register and Digital Asset Register. Most small companies opt to have only one asset register for all asset types. A typical asset register include some of the following information in its format, asset description, purchase cost, date of purchase, asset location, depreciation, carrying value/amount of the asset and etc.