Additional Income - is it taxable?

Posted 28 October 2014

I currently earn R12650 R1391.50 shift allowance per month through my company. I will be getting an additional income R8085 from next month separate to my employer.
1. Do I need to declare this additional income?
2. Will this push me into the next tax bracket and what will be my tax amount?
3. How best can take advantage of any tax benefits for this additional income?

ITA34 question?

Posted 28 October 2014

What does the below SMS from SARS mean?
'Notice issued on SARS eFiling. ITA34 notice for 2014/1'

HOW WILL I REFUND EXCESS UIF CONTRIBUTIONS

Posted 22 October 2014

I HOLD TWO JOBS IN DIFFERENT COMPANIES, BOTH CONTRIBUTE TO UIF, WILL THE EXCESS CONTRIBUTIONS TO UIF BE REFUNDED ON MY TAX RETURNS?

Is a verification of assessment notice that assessment have been concluded?

Posted 22 October 2014

I received a Verification of Assessment and it states that refers to a specific tax period. No adjustment has been made to the assessment. Is this to say that the year of assessment can be deemed completed? All documents previously requested was provided etc. Am I not suppose to receive a ITA34?

SARS won't register me as an eFiler?

Posted 22 October 2014

I have completed a once off registration as an eFiler, told to wait 48 hrs for verification, the problem is it been weeks now nothing, when I log in to my profile to continue with my filing it still says I must wait for 48 hrs. Help wait to do now...

Tax on Severance Pay?

Posted 21 October 2014

how do you tax Severance Payment?

Hi TaxTim just one question how long does a refund take

Posted 20 October 2014

Hi TaxTim just one question how long does a refund take I did eFiling on 23/09/2014 and gave supporting documents and still no word from SARS (20/10/2014)?

Do I get a Tax Refund if I change jobs?

Posted 17 October 2014

I heard somewhere that if I changed jobs this year or worked for less than 12 months then I might get a tax refund back from SARS.

Is this true? If so, can you explain why?

Claim Unpaid tax returns from SARS?

Posted 15 October 2014

Will SARS ever pay out my unpaid tax returns. SARS should hold records of my annual tax deductions from my various employment. So how should I claim for what is rightfully mine?

claiming rental expenses against bond (residential)

Posted 15 October 2014

Hello Tim,I came across this and would like some advice on whether or not it means I shouldn't claim rental expenses for the space I use for office purposes in my home. I'm still paying the bond towards the property and use one of the rooms as an office. (beware, if you own your home, do not write off a portion of your interest on your bond or rates, as you will lose your primary residence capital gains exemption of R2-million! When you sell your property one day, this would equate to ...

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Can I see on the calculation if they going to audit me?

Posted 15 October 2014

If I do my tax and ask to calculate before I submit it will it show me on the calculation if I they going to audit me?

Help for a non-resident of South Africa fill in tax returns?

Posted 14 October 2014

I am a non-resident of South Africa because I have been living and working in the UK for the past 2.5 years. I had gotten some (bad!) advice from someone that said that I should continue to fill in my tax return because I have not officially emigrated. He said I should just fill in "0" for income and to state that I am unemployed. I went ahead and did this, but now SARS are asking for additional verification documents. I can still amend my return online. I realise now that I probably d...

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In serious need of help and advice please

Posted 14 October 2014

Hi,

My previous employer failed to submit my IRP5 in time. I was only issued (after a few months of begging) with a copy of my IRP5. This I sent to my Tax Practitioner, I have been informed that Im being audited via my Tax Practitioner, SARS didn't contact me, can this be? What does it entail? Am I in trouble for a previous employer's negligence? What to do now that the closing date is in November and I still haven't heard / received anything.... what will happen if I miss the c...

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UIF reference number and IRP5 for employee under threshold

Posted 13 October 2014

1. Do I need to create an IRP5 certificate for an empoyee that earns under the threshold?2. I am registered for PAYE - and was told I will be automatically registered for UIF. However I cannot add a UIF amount in my IRP5 certificates because it asks for a UIF reference number. Where can I get my UIF reference numberTHANKS so much

What are the different payment options on TaxTim?

Posted 10 October 2014

explain for me TimLite, TimSmart, TimUltra what is it and the different? I am now stuck on that field

Total not clear about supporting doc

Posted 10 October 2014

I tried filling my return on SARS eFiling guess what I got audited, they are asking me of supporting documents the problem is I really do not know how to make them available on my pc as I have papers with me not on my pc...hope i'm making sense?

Newbie at efiling and not sure what all status, ITSA and ITA34 meaning are. Have I been audited?

Posted 9 October 2014

Hi There,

I just filled by 2014 tax returned through eFiling and got an email from SARS stating I have a notification that needs by attention. This was regarding my 2012 tax return and it still needed to be submitted. I submitted it soon as possible. I received three emails from SARS, the first one stating that statement of account as been issued, ITSA for the period of 2012 - 2014 and the other two emails stating I have a ITA34 notice for 2014 and 2012. I opened these notifications and the only thing stated was the period and - amount...

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amount due to you

Posted 8 October 2014

amount due to you,what does it mean I dont understand

How do I get money back from irp5?

Posted 7 October 2014

Do I get returns every year if i'm paying every week via a company?

Changing Bank Details to Home Country bank account

Posted 7 October 2014

I am going back to India permanently. I have done eFiling this year, and the returns is credited to my SA bank account. I like to get next year's return to my Indian account. Can I change the bank details to my Indian Bank Account, so that next year returns would be credited to my Indian account. If yes, how can I change it? Can I change it via eFiling, or do I need to visit the SARS office before travelling back? What all documents are required? What is the procedure?

Amending the SARS assessment date?

Posted 7 October 2014

Hello Tim,

SARS' records show that my assessment month or fin year end is Feb. My previous accountant used the financial year end date reflected on my CIPRO company registration for compiling my IFS which is Mar. She then submitted records for until 31Mar. I'm now in the process of submitting my returns for this period and would like to align SARS records with my previous accountant's submission; that is change the assessment date from Feb to Mar.

How do I go about this and what are the possible implication? ...

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I am a model and I never got a job in the 2013 financial year but only in 2014.

Posted 7 October 2014

I accidentally clicked "request return" for 2013 on the efiling site. I earned no income that year. Will that affectmy refund that is due to me for a return that I filed for 2014? The efiling status is "Assessment received" and the SARS status is "Return-Data submitted to ITS". Do I need to file the (accidentally) requested 2013 return even though I was not working?

Unemployed but paying medical aid contributions. Tax implications?

Posted 1 October 2014

Hi Tim. I worked for 2 months in the 2014 YOA. I then left work upon the birth of my child. I am the principal member of our family's medical aid (myself, husband and child) and the contributions are paid from my bank account. Since I left work, my husband transfers money into my bank account for the payment of the medical aid. Do I claim this on my tax return even though I am not employed? Should my husband claim it even if the policy is not in his name? I did have income this year so if I clai...

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Received a verification email from SARS - what does it mean?

Posted 29 September 2014

I have received a statement of account but I have been selected for verification, how long does this process take?
i submitted supporting documents on the day my tax was submitted via e filing.

it is a rather simple return though as its only my salary and medical aid contributions that come into play.

Penalty Assessment Notice

Posted 29 September 2014

I received a penalty assessment notice from SARS after not filing my returns for the last year. While working for a salary, I have been earning cash deposits of less than R10,000 on small freelance jobs, what is the best thing to do at this point?
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