Can a landlord claim travel expenses in relation to the rental income?
Posted 25 October 2016
If the landlord has driven from JHB to CT, for example, primarily to effect repairs & maintenance on their rental property between tenants, as well as to meet with prospective letting agents for future employment, can they claim the petrol for this trip? (Approx. Two thirds of this time was spent on rental-related activities, showing the apartment etc, & one third of the time was recreational). If a deduction is possible, what proof does SARS require? Thanks very much.
Freelance & Full time job tax submission, can I complete this on one form?
Posted 20 October 2016
I have a full time job, but do freelance on the side. I would like to submit for my job as well as my freelance, including the mac I bought, my Fiber line rental and anything I purchased to run my freelance job. Is this possible? Which option should I apply for?
Are retrospective changes to an IRP5 possible with SARS?
Posted 14 October 2016
I am an independent contractor and do consulting work for a number of companies at any given time. When the one company submitted the 2016 IRP5 they erroneously categorized my source code as 3601, instead of 3616 for independent contractors, hence I cannot claim costs. I have asked them to amend the IRP5 but they say they cannot because they have finished their tax recon and signed off on 2016 and can no longer make changes. Is this true? What alternatives do I have?
Can I claim for depreciation on my vehicle?
Posted 27 September 2016
Can I claim for wear and tear on my personal vehicle and how do I do it? I kept a logbook because I am getting a non taxable allowance for the km driven for business purposes.
Freelancer and full time employee, how does my tax work?
Posted 27 September 2016
I am full time employee and I have already submitted this current year's tax return.
I am a freelancer in my spare time as I started doing online work and earning dollars.
What is the tax implications and how do I go about it? Could I claim back on the use of my computer etc.?
Can I claim my business travel expenses against source code 3703 if my km travelled exceeded 8000km?
Posted 27 September 2016
Can I still claim travel expenses as my employer pays for the km I drive with my personal vehicle, the Km exceeded 8000km but on my IRP5 it is under source code 3703? I also kept a logbook.
Travel Expenses Code 4015
Posted 20 September 2016
I did my SARS eFilling tax return through TaxTim and I completed the Travel Expenses Section, 4015, as R72902. I am being audited and I am not quite sure anymore what that amount includes, they only thing I can think of to get to such a high figure would be my car payments per month? Please advise what deductions are allowed under this code and what proof I need to send SARS to support this?
Can I claim for my business travel?
Posted 13 September 2016
I submitted my tax return and answered yes to having a logbook, I however cant locate it right now and was wondering if I can resubmit my return and just click the No option on the logbook question instead of yes?
Do my employment income and freelancing income get taxed together?
Posted 30 August 2016
I would please like help in calculating my total tax for the year, as I am employed and also a freelancer. Do you just add both income together and then tax a personal income tax percentage for that bracket? Furthermore, I know my employer pay tax monthly but can I also pay tax monthly or should I just reserve the total tax for year-end when I file.
No logbook but partial spreadsheet, will SARS accept this?
Posted 12 August 2016
I've lost my logbook but have compiled a spreadsheet containing most of the information and trips from memory and other sources. I have my km for the beginning and end of each month, but not for each trip separately. I need to submit my documents through to SARS for audit, but I'm not sure if this will be acceptable? Will they decline my travel claim?
How does a voice artist submit tax returns?
Posted 10 August 2016
I'm a voice artist and I was employed as a freelancer I need your help to file my tax return as I was paid by many different companies. Please can I get some help on how to get started?
When do I use code 3616 and 3601?
Posted 10 August 2016
We have a few sub-contracting individuals. Some of them provide ad hoc services to us when we call on them. They often work remotely or at a clients offices, they provide their own laptops, and they are specialists and generally get asked to fix a problem, and then they get on with it. Then there are others that are identical to the above, except they contract to us on a medium to long term, where their main income comes from us, as they work for us 5 days a week, for months or even years at a t...
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Can I deduct salaries paid to my helpers from my sole proprietor income?
Posted 8 August 2016
I am "unemployed" but make money with blogging. I have 5 bloggers/writers who help me but are not formally employed by me. I pay them every month. If I earned R150,000 and paid them all 40% of my earnings, would I then only be taxed on the remaining 60% I keep? Am I considered a sole proprietor and am I responsible for formally hiring them? The money I make is earned via an overseas source, not South African.
Can I claim if I only worked for 3 years?
Posted 8 August 2016
Hi,I've only been working for almost three years which means ill only be claiming for two years and I'm a contractor can I still claim
Interest on Vat invoices
Posted 4 August 2016
Good Day, I want to send out a statement to a client. And I need to ad interest on the outstanding amount. Should I calculate the interest on the non-vat amount of the invoice, or should I charge interest on the full outstanding amount (That includes the VAT)?
Income calculator if work 4 months in tax year
Posted 19 July 2016
I worked 4 months in tax year and was given severance package will I get a refund or must I pay in as the sars directive indicates no tax payable
Is my bond installment, tax deductable?
Posted 14 July 2016
Hello Tim. I am a home owner and currently staying in the house where do I have to put in the amounts that the bank send me via a tax invoice? The invoice states that its for tax purposes.
According to SARS criteria, I dont need to sumit ITR12. But do I still submit IRP6 twice yearly?
Posted 12 July 2016
I'm a provisional taxpayer. According to recent communications from SARS, I no longer need to submit ITR12 any more as I match all their criteria. My question is: Do I still need to submit the IRP6 twice yearly?
Log book app
Posted 12 July 2016
I would like to use your services. If I send you an ABSA fleet sheet report do you build a logbook?
What are the allowable deductions for a consultant?
Posted 11 July 2016
What expenses can I claim for as a consultant
What if you used someone else's vehicle to travel to work?
Posted 5 July 2016
All vehicles show on my petrol statements and IRP5. What supporting documents would I need if SARS Audits me because some of the vehicles I used over the years are on my fathers name but my company knew this.
Unclaimed disability from 2009 to 2013? can I do so now?
Posted 5 July 2016
I previously did not know that you can claim for disability and I have 6 years worth of disability that I didnt claim, is it possible to do so? from 2009 to 2013
Can freelance stylist claim back 25% tax deducted form her income?
Posted 5 July 2016
Hello, I've been working as a freelance stylist in the Film industry for the past year, and around 25% tax has been deducted from each pay check. How do I go about getting a tax return?
Do I submit one tax return or two?
Posted 4 July 2016
I received a final salary payment in March 2016 (where PAYE etc was deducted) and the same month began earning income as an independent contractor from a variety of clients. When I submit my first provisional tax return in 2016, do I include the March 2016 Salary payment I received, or do I submit a separate income tax return in 2017 for that income?
IRP5 not showing Code 3701
Posted 4 July 2016
I receive Travel Allowance monthly and on my IRP5 it does not show as Code 3701 but rather showing as 3703. How does one go about with this issue as this Allowance shows on my payslip and added to gross earnings and thus taxed.
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