Medical aid contributions for Parents not on my membership

  Written by Marc   Posted 19 August 2015

I currently pay for my parents medical aid. They are both pensioners and they do not submit tax returns to SARS. They are on their own medical aid membership, and I am on my own. So, my dad is the main member on his, with my mum as a dependant, and I am a main member on mine with my wife as a dependant. This is because my parents are on a different medical aid scheme then what I am on. SARS says that only the main member can claim for medical aid contributions, so that means that my dad must cla...

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What other documents are needed to hand in with IRP5 at branch or efiling?

  Written by Marc   Posted 19 August 2015

Hi, what other documents is requiered at the SARS branch whith my IRP5? And do I need it for SARS eFiling as well? Thanks

Provisional Tax - how to work it out?

  Written by Marc   Posted 19 August 2015

New to provisional tax. We are working with an accountant but info is not forth-coming. Is the taxable amount worked out on:
Income less
Deductions / Expenses
= Taxable Income (i. E. We are taxed the percentage in that tax bracket)

i. E. The provisional tax amount is not just worked on your income?

Take home amount after tax

  Written by Marc   Posted 19 August 2015

Hello Tim. My lik brother got a job that willl give him about 20 000 commission without basic. He needs to know how much he takes home after tax

Medical aid - can I deduct for my father?

  Written by Marc   Posted 19 August 2015

My parents who are financially dependent on me have a medical aid where my father is the main member and mother is the dependent. Each month I am responsible for the monthly payments towards their medical aid. They are however on a separate medical aid from myself. Can I claim for a tax return? If so how do I go about doing it? Thank you

Depreciation

  Written by Marc   Posted 19 August 2015

If I have been provided with a work laptop and will need to tax return it if I leave my place of employment, can I claim the depreciation deduction?

Academic fees from SARS?

  Written by Marc   Posted 19 August 2015

I'm a full time student who works at different places over weekends to fund my studies which are ~R50K p. A
Is there a portion that I can be able to claim back from SARS?

May I claim the money I paid for my childs training institute?

  Written by Marc   Posted 18 August 2015

May I claim the money I paid for my child's training institute?

Audit taking forever - now escalated ?

  Written by Evan   Posted 18 August 2015

Hi guys, I submitted my tax return on the 1st July. My tax return was assessed and it was shown that a payout was due but I was selected for an Audit. After waiting 31 days I phoned and they acknowledged that this had taken longer than the stipulated time and escalated my query... I was told this could take a further 21 days???

Are we really at the mercy of the system or is there any other recourse we can take? (straight forward tax return - no vehicle allowance etc. )

Delay for my refund from sars when I submitted on the 5th and I'm due for a refund

  Written by Marc   Posted 18 August 2015

Hi Tim
I submitted my income tax return on the 5th of August 2015 and I'm due for a refund and my refund will not be audited but up to now no money have send to me do you you perhaps know what might cause all this delay. Regards
Mr Sihle Majola

Medical contribution codes

  Written by Marc   Posted 18 August 2015

If my contribution towards medical aid is R1000, deducted from my salary, and the company pays the other R1000 (50/50) is the code 3810 then supposed to be R24,000?

My understanding is that code 4005 plus 4474 equals code 3810 or have I got it completely wrong?

Will I be able to claim a refund from SARS?

  Written by Marc   Posted 18 August 2015

Hi Tim I didnt submit any tax returns since 2006 as I was unemployed but got permanent employment last year (2014). I have submitted a tax return for 2014/15 tax year. Will I be able to get a refund if its due?

Will he be taxed and will he be able to claim a deduction?.

  Written by Marc   Posted 18 August 2015

A sole trader, pays himself a salary of R4000 per month. Will he be taxed on this amount?. Will he be able to claim a deduction of this amount from his business profits?.

Salary 10 000 + 2000 fuel allowance - tax?

  Written by Marc   Posted 18 August 2015

If I receive a monthly salary of R10000 and a fuel allowance of R2000 - how much will I clear

How much money am I getting after the second assessment?

  Written by Marc   Posted 18 August 2015

After the second assessment SARS says "Your assessment has been concluded and reflects an amount refundable to you of -R2056. 00". And then: "the current balance on your assessed account is R331. 72"

What does this mean?

There has been a lot of assessments done and I am now confused with what is happening. Is there an amount that will be payable to me here?

Out of pocket medical aid expenses from prior years.

  Written by Marc   Posted 18 August 2015

Previously I was a SITE taxpayer and did not have submit an income tax return but I was on a medical aid which I paid out of my own pocket. Currently, I have to submit my income tax return. Can I still claim for these qualifying medical expenses as it is within 3 years. I do have my medical certificates as well from my medical aid. If I can claim should I add this to my current tax return or is there additional forms that I need to complete?

Are Gap Cover monthly payments tax deductible?

  Written by Marc   Posted 18 August 2015

Are Gap Cover monthly payments tax deductible? "Gap cover falls under the definition of �%u20AC%u0153accident and health policy�%u20AC�, in the Short Term Insurance Act No. 53 of 1998, or the Long-term Insurance Act, 1998 and not the Medical Schemes Act, 1998. " My gap cover has said they are unable to give me a tax certificate because it is not tax deductible. Please can you assist.

Am I and independent Contractor or a Bookkeeper for tax purposes; can I deduct a pc course as an exp

  Written by Marc   Posted 18 August 2015

I am a bookkeeper for 2 entities with the same directors, but different company and tax numbers. I invoice a fixed fee per month, but split it based on the pro-rate turnover per entity. I work form my study although I also do visit their office especially certain periods during the month - ie mid-month for invoicing and month end to balance the books. Question: Does this mean I am an Independent Contractor? Is this applicable for the 80/20 split as an independent contractor? Do they have to deduct tax from me on a monthly basis?...

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Medical aid tax credits on my ITR12

  Written by Marc   Posted 17 August 2015

Hi, I submitted documents for an audit. It has now been 24 working days and SARS can still not give me an answer. I was told to call back after 30 working days. My employer does not pay my medical aid, makes no contributions whatsoever, there is no tax credit for medical aid on my IRP5. Surely I am to be refunded as my tax was not adjusted to make provision for the tax credit. According to my IT34A I am to receive a refund, but was asked to submit documents as they have audited me.

How to declare foreign income?

  Written by Evan   Posted 17 August 2015

Hi, I have a small website that generates some commission from clicks on advertisements. I get paid in USD and GBP. The money is wired from Germany directly to my personal bank account and converted into ZAR. I don't own a formal business and it is relatively small amounts that are transferred. I also have a property that generates rental income. How do I go about declaring the income properly on my tax returns?

Are vehicle repayments tax deductable for a sole-proprietor?

  Written by Marc   Posted 17 August 2015

I am a sole proprietor in a health profession. I have an office, but I see a lot of clients at their homes or primary residence. I need a car to conduct my business, and have just bought a new car. What are the tax implications of this? Can I deduct the repayments and insurance premium as a business expense?

University fees deductible?

  Written by Marc   Posted 17 August 2015

Good Morning,
My son is 22 years old, dependent on me and is currently studying a BCom. Can I claim his living and un iversity costs as deductible?

My 2013 refund did not get it

  Written by Evan   Posted 17 August 2015

Last year I was supposed to get my refund and I did not get it. What happened?

Home expenses when working from home and commission is less than 50 % of income

  Written by Marc   Posted 17 August 2015

If you earn a fixed salary and commission from the same employer and the commission is less than 50 % of the salary, can a deduction for home office space be utilised?
The employer confirms in writing that the employee works from home only and the employee incurred expenses to set up and amintian the home office. The salary was structured in a way to also include a Travel allowance and full logbook detail is being kept

How much do I claim back from r80 000 that was taxed from my provident fund paid out by employer

  Written by Marc   Posted 17 August 2015

I have resigned at work an received my pension whereas I was taxed nearly R80 000 how much am I suppose to claim back
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