Mahuntsi Accounting Services

01/03/2026

Before entering into a payment arrangement with SARS, make sure all outstanding returns are submitted and apply for penalty remission. In many cases, the debt is inflated due to estimated assessments and accumulated penalties. Once the correct returns are filed, SARS can reassess and possibly reduce the amount owed.

07/02/2026

Marketing is the Key to any Profits

04/02/2026

A lot of business owners assume that any money they pay themselves from the business is a salary.
That’s not always true — and this misunderstanding causes serious tax and compliance problems.

Here’s the truth 👇

⸻

If You’re NOT Registered for PAYE & UIF, That Money Is NOT a Salary

For money to be classified as a salary, the following must be in place:

✔ The company must be registered for PAYE with SARS
✔ The company must be registered for UIF (and SDL if applicable)
✔ Monthly payroll submissions (EMP201) must be done
✔ Annual payroll reconciliation (EMP501) must be submitted
✔ IRP5 must be issued to the director/employee

If none of this is happening, then legally:

👉 That money cannot be called a salary.

⸻

So What Is That Money Then?

In most cases, SARS and accountants will classify it as a:

➡️ Loan to Director

This means:
• The company is seen as lending money to the director
• The director now owes the company
• It is recorded as a liability in the company’s books

Even if the money was used for personal expenses, groceries, school fees, or rent — without payroll registration, it’s still not salary.

14/01/2026

We are opening on the 15 January 2026.

26/08/2025

08/08/2025

Our client of the Month of July 2025

02/07/2025

Dear Business Owners

If you are charging VAT.
You must pay over VAT to SARS monthly or Bi-Monthly.
The 15% you charge your clients is SARS money.
If you make R1 million a year, you must register for VAT
Every year end, you do financial statements and file Profit Tax in July.
If you did not trade, you must still file R0 returns

SARS charges penalties on non compliance.
Non Declaration of VAT and failure to register can land you in prison as well.

Employees earning R 8000 + are obliged to pay PAYE.
You as the employer must pay this on their behalf.
Any money you use for personal things , e,g buying a car, a house is deemed a salary and must be taxed.

CIPC returns are filed yearly, otherwise your business will be deregisterd

Stay compliant