Account for Rental income and expenses together with my normal PAYE
Posted 11 August 2015
I have a rental property which I have been receiving income for in the last tax year. This is the first year that I have owned and rented the property. I also earn income from an employer but have paid PAYE on this income.
The tax return is easy enough without the rental income and expenses but I need help presenting the income and allowable expenses related to the rental income. Does your lite service include accounting for income and expenses for a rental property? I have all the i...
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On a a salary of R9000 what would PAYE deduction be?
Posted 10 August 2015
On a salary if R9000 what would my PAYE and UIF be?
Can someone invoice me, even though I'm not a company?
Posted 9 August 2015
Can my wife invoice me for services rendered? Even though I am not a company.
Beeing assessed after filing correction
Posted 9 August 2015
Hi. Submit my tax return via SARS eFiling on the 1st of July. I work for saps. Submitted my tax return but then realized that I have made a mistake at the medical deductions and then filed a correction. After 3 weeks I went to SARS personally. The person assist me and after signing the document the computer showed that I am being assessed and the agent said sorry but there is nothing he can do. On the SARS eFiling website I tried to upload documents but without success. Remember I did take the...
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Delayed refund from SARS?
Posted 9 August 2015
Hi there,
I submitted my tax rerun for this year and SARS have requested returns for 2011 and 2012. Since they didn't ask for these last year, am I correct in assuming that I didn't need to submit them in the past and will therefor not be penalized?
Also, my 2012 return has been selected for verification. Im assuming this is a random selection or perhaps because the three returns together equate to a refund due to me of around R12 000. I cant see any other reason fo...
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Impact of MA contributions less than allowed credit
Posted 7 August 2015
I am over 65, my medical contributions are less than 3 times the tax credit. Does this negative value get carried forward and offset against any allowed medical deductions or is it zeroed?
Audit from SARS?
Posted 7 August 2015
Why with SARS audit me if I did not submit anything except my IRP5?
Not sure to use financed value or retail value for car expenses?
Posted 7 August 2015
Good day,
The cost of my car shows retail value of R370 000 but shows after extras minus deposit financed at R311 00
Which value do I use in my tax return?
Capital gain tax
Posted 7 August 2015
I need to sell shares owned by myself. The 149 shares were bought at R1000. They are now worth R3000 each. What is the tax implication for an individual at February 2016. I am under 65 years of age.
Do I owe money to SARS?
Posted 7 August 2015
I submitted my tax return today. The "Net amount refundable" is a negative balance. Does that mean I have to make a payment?
Cannot login to my e-filing account to submit my returns
Posted 7 August 2015
I have filed an IRP5 before and was successful in doing so. I have unfortunately lost/do not know my eFiling login details as they were saved on my old laptop which is now broken. Unfortunately I don't remember my username or password, nor it seems, the answers to my security questions! Please help! I simply haven't been able to login to my eFiling account to submit my 2015 IRP5!
Statement of accounts meaning after submission of documents
Posted 7 August 2015
I have filed my returns and I was selected for an audit and of which sars asked that I submit supporting document which I submited and I got an email saying I must request my statement of accounts. So I wanna know if this was part of the 21 day process?
Tax directives not working on eFiling?
Posted 7 August 2015
The institution submitted a Death Claim to Sanlam Umbrella fund and now they are saying they are unable to pay because SARS is rejecting tax directives what could be the cause of that because the Tax number in the IRP5 is correct
Being audited - why is it taking so long?
Posted 7 August 2015
I submitted by tax return via SARS eFiling on 7 July 2015. On 9 July 2015 I checked what progress had been made only to find a letter stating that they require documentation for review. My employer does not pay my medical aid, I pay the total contribution myself. I submitted the IRP5 again as well as my medical aid tax certificate and RA tax certificate. I have not even claimed to medical expenses I paid out of my own pocket. Every time I call them, I am told that they are still busy with the au...
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My tax number do I have any claims from SARS?
Posted 7 August 2015
My tax number can you help me and how will I know if I can claim anything back
How much is due to me?
Posted 7 August 2015
Do I qualify for any tax return? If yes how much?
Why should I pay tax because I earn so little.
Posted 7 August 2015
I'm an intern for a year & I earn 60000 per annum, do I really have to pay tax? It's a daylight robbery because I'm not permanent.
First provisional tax payment - estimate
Posted 7 August 2015
Hi. My wife earned investment income and a salary last year. This year, she's now stayed at home with our daughter, and thus hasn't earned a salary - thus significantly less taxable income. For the first provisional tax payment, do I have to use the basic amount (i. E. Last year's taxable income) to calculate this payment? The payment will then end up being more than her annual tax is expected to be, as there is obviously no salary (and no corresponding PAYE). Or can I safely estimate a lower am...
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Medical aid claims for wife that does not work, and kids
Posted 7 August 2015
I have a separate medical aid for my wife (married in community of property, also she does not work) and 3 kids which I pay for from my account. The tax certificate that we get from Discovery is on her name.
Can I claim this on my tax return and if yes, what supporting documents should I keep ready just in case SARS asks? I also have a separate medical aid for myself (reason for 2 medical aids is because of the costs).
Do part-time workers with no fixed salaries qualify as temporary workers and tax refund?
Posted 6 August 2015
Good day. I am not formally employed. I only do part time work via an Agency (Labour broker) which then deducts tax money before paying me, per shift, on a weekly basis. I got a IRP5 form with a total income of ZAR 350,000 for the past financial year.
Am I a temporary tax payer?
Do I qualify for a tax refund?
Can I claim for cell and laptop without cell allowance or comission?
Posted 6 August 2015
I'm a sales rep. I get car allowance and am reimbursed for my mileage. Can I claim for cell and laptop if I do not get an allowance for it and I do not earn a commission? And 2nd, I have not kept any lunch slips for taken clients out for business lunches nor did I submit the slips to claim from the company. Can I use my bank statements and proof of purchase for these lunches?
Documents requested from SARS?
Posted 6 August 2015
How long after you submitted your supporting doc's to sars,after they requested it, will they tell you if you are getting something back or not? And if you uploaded everything via efiling,how do you know if they have everything they need and is working on your return. The working page does not seem to indicate they received or are working on my scanned documents.
Are monthly RA and Living Annuity Income fully taxable added onto salary?
Posted 6 August 2015
I am receiving income from living annuity, approx R2000.00 per month and an additional R375.00 fixed amount from a retirement annuity. I also am still earning a salary over the threshold limit. I include this in my total earnings, although this is not rental, or trade related. Is this the correct procedure? I am then taxed on the full amount. I am pensionable age.
How long does SARS take to pay out?
Posted 6 August 2015
I've done e filling for the 1st tym ever on the 14th of July. It was submitted and I got a negative so knowing that SARS owes me a refund I'd like to know how does it actually take for them to pay or must I submit some documents.
Can I be taxed without a tax number?
Posted 6 August 2015
Is it possible that an employee can be taxed without having a tax number or never registered for tax no number?
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