What is an effective logbook method for tax?

Posted 24 April 2016

I would like to know what is the most effective way to log your work travels in order to be able to claim it for tax?
Is it really necessary to write down every destination I go to and who was seen, etc? Or do they need to have an odometer reading every day and night (opening and closing?) Or as some say, can it just be based on the reading from 1st March to 28 Feb?

I have downloaded an app which acts as a log book (feulio), would that be sufficient?

Acrobat reader does not work on SARS filing

Posted 24 April 2016

I have a weird SARS eFiling problem in that on my new computer I am told to upgrade my Adobe Acrobat version in order to read correspondence, whereas I never have a problem with any other Acrobat attachments.

When do I charge VAT?

Posted 22 April 2016

As a VAT Vendor, can I charged vat to a recreational club for services rendered to them, even if they are a non profit organization?

Tax due on salary

Posted 22 April 2016

How can I know if I am not over taxed

PAYE due on my salary

Posted 22 April 2016

I'd just like to know if the correct amount of tax is being deducted from my salary monthly. My gross salary is R45900
My employer pays my full medical aid contribution of R7254
I contribute from my salary towards a provident fund, an amount of R2754

Could you please advise how much of tax I should be paying monthly?

Thank you

Limits to amount aggregated into tax source code 3696.

Posted 22 April 2016

3696. Are there limits relative to total income to the amounts that can be aggregated into tax code 3696. Non taxable income?

May a sole proprietor have travel allowance and must retirement or providend fund be deducted monthl

Posted 21 April 2016

I would like to know if a sole proprietor may allocate a travel allowance to himself?

In regards to a retirement or provident fund may I do payment once a year up to 27. 5% of my earnings or must I do it monthly?

Your help will be greatly appreciated

WS

Full time salaried employee or Independent Contractor?

Posted 21 April 2016

I work part time ad hoc shifts as a doctor at a private hospital, where I am paid an hourly rate and my hours of work are between 0 and 30 a week. In terms of tax deductions (specifically MPS - medical malpractice insurance, travel expenses, training course fees); would my work be classified "full time salaried work"?

I understand this is important in terms of which items one can claim back.

Can I get a tax number on a deceased estate?

Posted 21 April 2016

I was the Executor of my late Sisters estate. She passed away in 2007-it was an estate of R300k so no duty payable. One Insurance company somehow say they have a policy in favour of the Deceased. I do not have her Tax number and a Tax consultant tried to find a tax number but came up blank. They want a tax number before paying out.

provisional tax on a Pty and small company

Posted 21 April 2016

I have just opened a PTY. I do not know what my turnover will be. It might be between R 500 - R 400 000 per annum. 1) Do I need to register for provisional tax and when?
2) How do I calculate provisional tax
3) would I fall under SBC or company for tax purposes?
4) what is directors tax and do I need to pay it?

the company is very simple... I have one supplier. I have no extra expenses. I have no assets. I have no employees and I am the only director. Thank you

TaxRefund

Posted 21 April 2016

I wanted to knw if a contract worker is allowed to claim a tax return?or isn't claimed by the people who's bt working

Tax implications on money earned from Foreign employment income

Posted 20 April 2016

I'm a South African with dual nationality (British). I send money to SA every month to pay off debt and to pay off my house in the Western Cape. Will there be a tax implication for this? I will eventually tax return to SA in about 5 years. The reason is set up as house hold bills. Should I use something else?
The money goes from my account here to my account there. Thanks

filing season dates

Posted 20 April 2016

When is the first tax return date and when is the closing date?

How much will my PAYE be and am I due for a tax refund?

Posted 20 April 2016

I earn 12000 a month which calculates to 124 000 per year. What is my total taxes and what is the amount of my tax return if I am eligible for a tax return pay out and can my employer file my tax tax returns on my behalf

Tax paying Freelance Artist / Independent Contractor

Posted 20 April 2016

I am a freelance artist, I want to work fulltime for myself, but can't be certain how much I will make or whether I would make any money at all. I am married in community of property. My husband is lucky enough to have an employer that takes care of his submission every year. I need to ask whether I should add my income to his submission or whether I should have my own tax number. I tried to enlighten myself by reading the Tax website,, but it's all greek to me, I can't seem to figure it out. I ...

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I would like to know how can I get my tax refund

Posted 19 April 2016

I would like to know if it is possible that I can be able to get a tax refund after retrenchment.

Tax refund on retail slips

Posted 19 April 2016

How much tax refund would I get if I submit retail slips amounting to R10 000?

How is online income in foreign currencies taxed locally?

Posted 19 April 2016

Hi. I'd like to know how online generated income is taxed. I am a South African resident currently in the process of generating income in foreign currencies ( US dollar and the Euro). I do not want to break any tax laws, please assist me.

PAYE on Road Accident Fund pay outs

Posted 19 April 2016

One of our employees who earns approximately R57000 a year has received a pay out from the Road Accident Fund of R217657 for an accident he was involved in. He wants to know what the tax implications are on the amounts so that he can put aside funds for the end of this tax year.

Selling an asset what is the capital gain tax implication

Posted 18 April 2016

Selling a property that we live in

Are consulting fees with regards to a share sale agreement deductible?

Posted 18 April 2016

Are consulting fees incurred for the acquisition of 75% equity shares in company deductible?

How to reflect the employer medical aid subsidy

Posted 18 April 2016

Kindly advise if I have a medical aid and it is paid from my salary by my employer, whether the employer subsidy can be added with the medical tax credits under code 4116?

Maximum amount allowed to loan out

Posted 18 April 2016

Is there a maximum amount of money I can loan out to friends and family? Can I loan out R2 mil without having some kind of license?
Someone told me that you can only ever loan out R500 000 at a time, being broken up into maximum of 100 loans. I have loaned out more than R500 000, so I need to know if I am in the wrong here and what I can do to fix it.

Turnover Tax registration

Posted 18 April 2016

Can I register for turnover tax if I write and sell my own CRM software program. My turnover would be under R700,000 p. a. I would be the 'manufacturer' of my product.

Updating details with SARS

Posted 18 April 2016

Do I have to renew my tax reference number if any of my details have changed?
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