VAT Registeration

  Written by Marc   Posted 25 November 2015

How long does it take to get a VAT number?

Employer Registration

  Written by Marc   Posted 25 November 2015

I need to register as an employer for PAYE and UIF once I submit the application forms and supporting documents and all is well, how long does it take to get the registration numbers?

Work done for previous employer after hours

  Written by Marc   Posted 25 November 2015

I have done some work for my previous employer after hours to assist until the new person is employed. We agreed upon a hourly rate. I must now be paid for these hours. What will be better for me:
1. To invoice the previous employer for the hours
Or
2. Let them pay me through their payroll as their employee?

What will the income tax implications be with both these options?

Retirement fund payout

  Written by Marc   Posted 25 November 2015

I changed jobs and had a portion of my retirement fund paid out to me. Where do I include this info on my tax return

Unsure about income source codes

  Written by Marc   Posted 25 November 2015

What is the difference between income source codes 3601, 3605 and 3801 as it appears on my tax return?

Travel Expenses - commission

  Written by Marc   Posted 25 November 2015

I work for a company. I am contracted out to a client. I gather I can claim travel costs from work to the client? I have maintained a log book but I have not received a travel allowance on my payslip from my company. How do I claim the travel expenses?

Are you able to help with semi-complex returns as well such as shares dividends and trust incomes?

  Written by Marc   Posted 25 November 2015

Are you able to help with semi-complex tax returns as well such as shares dividends and trust incomes?

What will TaxTim cost?

  Written by Marc   Posted 25 November 2015

Hi Tim, I am 68 years old, and employed full time. I receive a salary of R 20,000 per month before tax. I receive an annuity payment of ±R 650 per month and also receive dividends and interest (way below the allowable). I have been paying my bookkeeper ±R 1400 per year in fees for submitting my tax returns. With your system, I do it myself with e-filing?
What does this cost (i. E. How much do I pay you)?

Do I qualify if I earn R32400,00 a year

  Written by Marc   Posted 25 November 2015

I 'm earning R2700,00 per month which is R32400. 00 annum
Do I qualify

I am a provisional tax payer with an employee - I want to give him a bonus for December -

  Written by Marc   Posted 25 November 2015

I am a provisional taxpayer with an employee - I want to give him a bonus for December - does he pay paye/uif on this?

Lump Sum Retirement Fund deposit no longer accepted under SARS code 4006 in reassessment

  Written by Evan   Posted 25 November 2015

Hi. My 2013 tax return was reviewed this tax year and adjustments made by SARS to my Retirement Annuity fund which has now left me owing SARS a large sum of money where the original assessment actually gave me money back. If I compare the original ITA34 to the new one I can see that the previous SARS code 4006 which had an amount counted as part of my deductions now in the new ITA34 reflects as R0.

A bit of background to this is that I changed employees and my new employer did not offer a pension fund so I instead redirected these funds to my retirement fund...

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When will I be taxed, if buying and selling vehicles privately for profit.

  Written by Marc   Posted 25 November 2015

I have started buying, fixing, and selling vehicles privately. This is a secondary income, as I am employed full-time. I probably sell four vehicles a year, and as I am doing it in my private capacity, I am not currently taxed, as it is deemed to be my private vehicles. However, when will this be see as a business by the taxman?

ITA34 report when receiving a non-taxable allowance

  Written by Marc   Posted 25 November 2015

The bank requires me to submit an ITA34 report for a loan application. My income is not taxable because it is an allowance from my parents. Is it possible to still get this clearance from SARS?

Needs a tax number urgently

  Written by Marc   Posted 25 November 2015

One of our employees needs to get a tax number. He stays with his mom who has a lease agreement, she completed the SARS form and he took her ID as well as the lease agreement to SARS but now he has been told that he needs an account statement as proof of address. He doesn't have an account anywhere and he tried to open one but no one wants to give him an account. His mom also doesn't have any accounts anywhere. So what now? How does he gets a tax number because the proof of address is the only p...

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Difference between IRP5 and IRP12?

  Written by Marc   Posted 25 November 2015

I registered for SARS eFiling this morning but online it says IRP12 n IRP6 was I on the right page? because am having IRP5 and they sent me an sms asking me to fax I'd copy n IRP5

Tax percentage on over time

  Written by Marc   Posted 25 November 2015

If I worked 140 hours over time at a rate of (R300 per hour) how will this be taxed? will It be added to my basic salary and then taxed as a whole or will the over time be taxed separately and what percentage? are there specific percentages being taxed in different "brackets" or is it a flat rate?

Have an IRP5 but am an independent consultant, how do I answer some questions?

  Written by Marc   Posted 25 November 2015

I was part-time employed for 5 months of Tax year 2015, for which I have an IRP5. But I have made income elsewhere throughout the year as an independent consultant (freelancer). I am a little uncertain how to answer some questions, such as: "Did you spend any other money related to your earnings that you think you can claim as a deduction? You must have an amount next to source code 3606 (commission) on an IRP5 to qualify". The expenses I'd like to log relate to work that is not reflected on an ...

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Are my medical expenses (besides contributions to medical aid) deductible if I earn R70 000 per mont

  Written by Marc   Posted 25 November 2015

Are my medical expenses (besides contributions to medical aid) deductible if I earn R70 000 per month

Why file a tax return?

  Written by Marc   Posted 25 November 2015

If you advise filing a tax return why do SARS say you shouldn't? I have been told by them not to.. I make minimal money at a very part time job. I do earn interest. I do have quite a few investments in my name too.

Medical aid supporting docs

  Written by Marc   Posted 25 November 2015

Hi. I have claimed for medical aid contributions and excess medical expenses out of pocket. SARS is auditing me, do I have to submit the actual slips for the out of pocket expenses (i. E. Every consult invoice and proof of payment)? Or is the summary from the medical aid (which shows claims and what was not covered - it has both full claim amount and out of pocket expense numbers reflected) sufficient?

Can I add bond & registration fees to a rental

  Written by Marc   Posted 25 November 2015

Rental - can I claim or declare bond registration fees and transfer fees on a rental

Medical tax credit change upon SARS review, can you help?

  Written by Evan   Posted 25 November 2015

I calculated that since my wife and kids were on separate medical scheme and that I was contributing towards this I would be entitled to a refund, which appeared on SARS eFiling as such. However SARS subsequently requested my tax documentation and reversed the same credit that was in my favor to me now owing them?

Can you help with this?

Copy of completed tax return

  Written by Marc   Posted 24 November 2015

Where/how do I see a copy of my completed tax return?

Want to know when SARS is paying my money; October has passed..

  Written by Evan   Posted 24 November 2015

I already file via SARS was suppose to get my money in October even, now I don't know what happened to the payment...

How do I calculate Rental Income?

  Written by Marc   Posted 24 November 2015

How do I calculate rental income? Is this calculated as follows or is it different? Rental Income = Bond Repayments - Rental income. If it is positive it will be a profit, if negative it will be a loss?
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