Calculating fuel expenses for ad hoc freelance work?

  Written by Marc   Posted 8 January 2015

How do I calculate car expenses for ad hoc freelance work? As an employee I'm reimbursed at the SARS rate for travel and it is recorded on my IRP5. But as a freelancer doing a couple of ad hoc jobs over the course of a year, whilst still being employed elsewhere, how do I calculate the expense per km, and what documentation/records do I need to keep?

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly?

  Written by Marc   Posted 8 January 2015

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly pay?

Can I claim medical expenses for myself and my two children if my husband pays medical aid for us?

  Written by Marc   Posted 7 January 2015

I am married out of community of property. My husband pays medical aid for me and our two children. The medical aid is only a hospital plan so does not cover day to day doctors and dentist bills. I pay for the doctors and dentist bills for me and my two children. Can I claim these as a medical expense?

Depreciation calculation on low value asset

  Written by Marc   Posted 6 January 2015

I have been audited by SARS and they need a depreciation calculation for a low value assets (cell phone) that I used to conduct business for my employer. Please send me the calculation as I cannot retrieve it from my tax return that I did with you.

Getting a Salary vs Invoicing the Company?

  Written by Marc   Posted 6 January 2015

Good day. I was wondering if TaxTim could help me with a query relating to my salary at my new job.

The owner prefers me to invoice him for my services at the end of the month. My question relates to what the tax implications will be with this? The remuneration is R120K per year and will be paid monthly.

Does this require me to act like a small business? And is the tax payable more or less in this case?

Thanks for your time

Settled business/private car tax allocation

  Written by Marc   Posted 5 January 2015

I have paid off/settled my car 4 years in advance that I use for business and private purposes. So far I've kept track of km for each and apply that percentage to my monthly installment as business expence. But how to go now about with the settled amount paid? What percentage must I use to allocate for tax purposes?

Can I invoice my employer as if I were a consultant instead of being an employee and paying PAYE?

  Written by Marc   Posted 5 January 2015

The question, I am employed by a company full time to which I fall in the 38% tax bracket and would like to figure a way out to pay less tax especially when I get paid commission over above my salary.
My company is open to the idea that I open a 'consulting' company to which I then invoice my employer as if I am not employed by them.

Is this possible and what are the implications of this approach?

Will I receive 100% of the value of a charitable donation back as a tax-refund?

  Written by Marc   Posted 5 January 2015

I understand that I can claim deductions for charitable donations to a registered PBO (with a section 18A certificate) up to 10% of my taxable income. I am wondering whether I will receive the full value of my donation back with my tax refund or only a portion of it. I like the idea of donating up to 10% of my taxable income, as I will have a say in where it goes. However, this will be a sizeable portion of my income and can only do this if I'm sure of receiving the income back in my tax refund.

Medical Expenses when not belonging to a medical aid?

  Written by Marc   Posted 5 January 2015

I am on my wife's medical aid. June' 14 our funds in our medical savings account ran out. Since then I have been paying cash for prescription medication and various tests, etc. Can I claim the out of pocket medical expenses from SARS as it amounts to almost R 18k.

How can one claim a software subscription service from SARS?

  Written by Marc   Posted 23 December 2014

How can one claim a software subscription service from SARS? More software companies are converting to software subscription services (either monthly or annually) instead of the traditional initial large amount.

Tax Refund Calculator?

  Written by Marc   Posted 22 December 2014

The calculator....."Work out salary tax (PAYE), UIF, taxable income and what tax rates you will pay"...does not include interest (local foreign), dividends (local foreign), rent, "other" income...

Can I still claim my taxes this year?

  Written by Marc   Posted 22 December 2014

Can I still claim for my taxes this year and what is needed?

Tax Return Calculations

  Written by Marc   Posted 22 December 2014

If I make use of TaxTim, do I get to see my completed tax return before TaxTim files it? Do I get to see the calculations before filing?

If you're audited, papers are submitted how long before you receive the money from SARS?

  Written by Marc   Posted 19 December 2014

eFiling for tax has been done end of November 2014. It's been chosen for audit and the papers were submitted. How long before you receive the money?

Are SARS going to lock me up?

  Written by Marc   Posted 17 December 2014

What happens if SARS obtained a court order against you and you did not know?

SARS delay in refunding?

  Written by Marc   Posted 17 December 2014

Hi Tim..I submitted my outstanding returns for 2012 on the 02 Dec and 2013 on the 09th Dec. The first one was selected for verification/audit and I submitted the supporting doc on the 3rd, there was a refund due of r971. The second one reflected a refund due to me of r13k, and was not selected for audit as per the notice that is viewable on efiling. I tried calling the contact centre but its a a nightmare to get through. I decided to send a request via email all I needed to know is when the ...

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No refund after 90 DAYS

  Written by Marc   Posted 16 December 2014

Hi there,

I filed my return in September and was asked to submit supporting documents. I did this and received a completion letter. Then I was told my refund is under review and to wait thirty to sixty days. This period has now passed and the matter was escalated two weeks ago...I was told that I would receive feedback within 5 days. Yet...still no refund or feedback. So frustrating speaking to the call centre consultants...They give conflicting information and no one can tell me why SARS is not paying my refund. It's been 3 months......

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Am I required to file an annual tax return if my employer pays monthly tax on my behalf to SARS?

  Written by Marc   Posted 13 December 2014

I have recently started working and I have learnt that my company pays the tax owed by me on a monthly basis.

Due to them paying tax on my behalf am I still required to submit an annual income tax return?

Please let me know what my tax should be per month?

  Written by Marc   Posted 11 December 2014

I pay R5920pm before deductions can you please let me know how much my UIf, sick pay provident fund and levies and tax per month should be?

Prior year tax in current year

  Written by Marc   Posted 11 December 2014

If you paid tax in respect of profits in last year in the current year can you claim that tax paid as a expense in the current year?

Confusing situation with SARS calcs methodology

  Written by Marc   Posted 11 December 2014

SARS - Why is an "original assessment" ITA34, positive amount, taken into consideration in the final SOA, even though a final "after a correction" ITR12 submission calculated to a negative reduced amount?What is the use of requesting and allowing a "request for correction" then in the first place?Shouldn't the final submitted ITR12 negative result (after corrections) be the only assessment that counts and be taken into account in calculations of your final SOA...

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tax on a 13th Cheque of R13 845.00

  Written by Marc   Posted 10 December 2014

I earn a basic of R13845.00 what will my tax deduction for a 13th Cheque

Bussiness travel deviation, how do I claim bussiness mileage?

  Written by Marc   Posted 10 December 2014

I am driving from home to a business meeting, so its business mileage, but I have to drop my spouse at work which is a few Km's off the normal route to my destination. Can the total distance driven still be claimed as business travel?

TAX DEDUCTION?

  Written by Marc   Posted 9 December 2014

tax deduction on amount of 6100 per month?

When do you deduct penalties - before or after PAYE?

  Written by Marc   Posted 8 December 2014

Hi. I am a freelance writer. 25% PAYE is deducted from each episode as we submitted. In our contracts, it states that if we miss our deadlines, a fee will be deducted. I have since realised that the accounts department minuses the 25 % PAYE from the gross, then minuses the penalty. Shouldn't it be that they deduct the penalty from the episode fee, then deduct 25%?
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