How much income tax am I liable to pay?

  Written by Marc   Posted 29 July 2014

I earn a monthly commission, my "employer" requests me to invoice them for the commission and I then get paid the full commission earned. From the Commission I earn I have to pay 2 labourers to help deliver the stock I sell as well as supply the vehicles and fuel. I also supply all office equipment, telephone and stationary, these expenses are all calculated into my "commission". How do I go about paying tax as the total commission earned is not what I actually earn? I know the "employer" does n...

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How Long Does It Take For SARS To Refund After Submitting Supporting Documents

  Written by Marc   Posted 29 July 2014

Submitted manually on the 21 July, they requested supporting documents which I submitted on the 22 July, received a message from SARS that amount to be refunded is -R4529.17, which I haven't received to date. How long does it take for the refund to be paid out after submitting all documents needed?

Can I claim deductions for items bought in Feb to start with sole proprietor business in March

  Written by Marc   Posted 29 July 2014

I started a sole proprietor hairdressing business on 01 March, I started to purchase stock and had some upgrades done to a rental property during Feb. Can I claim a deduction for the chairs and sinks, I purchased as well as the repairs to the deck. I am renting a small property because my home is not large enough for the business

My previous employer is ignoring my requests for my IRP5's, what can I do?

  Written by Marc   Posted 29 July 2014

My previous employer is ignoring my requests for my IRP5's,What can I do?

Supplementary Part-time income deductions

  Written by Marc   Posted 29 July 2014

I work full time as an employee. Part time I do multi-level network marketing. What should I track for tax deductions and how does it fit in with my full time employment. Electronic equipment? Office? Car ? Gifts, product expenses. What is allowed and not allowed.

Tax status before submission?

  Written by Marc   Posted 28 July 2014

Can I have a provisional calculation on tax before I submit on Efiling?

tax tables for PAYE for 2006

  Written by Marc   Posted 28 July 2014

SARS has required that I complete PAYE recons and IRP5's on e filing for 2006 tax year. Where can I get tax tables for PAYE for 2006 tax year which show PAYE and site split

Can portfolio management fees be included in the base cost part of the CGT calculation?

  Written by Marc   Posted 28 July 2014

CAPITAL GAINS; My broker issued an itc3 showing a capital gain of R955 000 for the last tax year.Else where on the tax report is shown a sum of R120 000 being portfolio management fees. Can I deduct some or all of this fee as part of the base cost in calculating GCT?

Will a permanent resident qualify for a primary rebate?

  Written by Marc   Posted 27 July 2014

Will a permanent resident be eligible for primary rebate?

Tax refund from SARS?

  Written by Marc   Posted 26 July 2014

If I buy a property worth R400 000 cash, can I claim tax refund when I submit my IRP5 and how much will I get back as a refund?

Completion letter received but still being audited.

  Written by Marc   Posted 26 July 2014

I was selected for audit this year and asked to submit supporting documents. I sent all documents through on the 2nd of July via eFiling. In the 3rd of July I received a letter of completion stating that the verification had been completed and no changes will be made to my return. It has now been 3 weeks and the refund has still not been paid. When I called the call centre to enquire the status, they said that I am still being audited? I am now confused as the letter stated the completion on the...

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If I was been taxed from April 2011 can I get that money back

  Written by Marc   Posted 26 July 2014

if I was been taxed from April 2011 To april 2013 can I get that money back. Because addressed this point to our manger and asked why is a stipand getting taxed its not a salary So from this year our payslips are just showing the amount we getting as caregivers

How soon can I get my refund after audit completion?

  Written by Marc   Posted 25 July 2014

I received a verification letter from SARS and I called the call centre. They said my audit has been completed and I was told that my refund will take 21 working days and it might be selected for another audit. How true is this statement? Please assist Tim, 21 more days is a long way to go.

can I get sars money

  Written by Marc   Posted 25 July 2014

I received UIF so can I claim SARS money also?

Selected for Verification Twice

  Written by Marc   Posted 25 July 2014

I submitted my return on the 05/07/2014. I was selected for verification, and I uploaded my IRP5 and medical certificate on eFiling. I also went into the branch to validate my banking details and proof of address. I received a letter of completion on the 22/07/2014, and then a letter for change of banking details on the 23/04/2014. I phoned the contact centre and told them that I had already been into a branch to validate my banking details, and they told me to update my banking details on eFiling, which I did. ...

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Can I claim back petrol, whist been paid a monthly travel allowance?

  Written by Marc   Posted 24 July 2014

I receive a Travel allowance of R2000.00pm. on top of my salary.
My question is can I still claim for petrol back on my travels?
My reason is that my understanding of a travel allowance is as follows

Travel allowance - is any allowance paid or advance granted by the employer to the employee for the use of his or her private motor vehicle for the employer?%u20AC%u2122s business purposes.

Is the red minus due to or due by?

  Written by Marc   Posted 24 July 2014

I have done my return and I have a total with a minus sign in red is it due to me or by me?

Letter of Completion when will I receive my refund?

  Written by Marc   Posted 23 July 2014

I submitted my Tax return and was then asked for supporting documents, which I have submitted, I then got a completion letter a week ago, Do you know how long it will take for me to receive my refund?

Verification of assessment?

  Written by Marc   Posted 23 July 2014

We received a letter from SARS to say we need to hand in supporting documents we did this the next day and I received a letter from SARS a week later that says verification of assessment and they said no adjustments have been made does this mean that everything is OK and that we will get the money paid out to us?

My tax refund, have not received it yet?

  Written by Marc   Posted 23 July 2014

I submitted my documents on monday 21-07-2014,but I haven't got my refund yet its 2days already

Working for a boss and using your salary to fund your own private company

  Written by Marc   Posted 23 July 2014

I am permanently employed at a company and receive a monthly salary, which I would like to use to fund my own business which is a registered pty ltd.

At present all my business expenses are coming off my personal account, but I would like to pay them from my business account, which means having to transfer of my salary into my business account.

What are the tax implications and what would you advise I do?

Whats the take home after deductions on a 50k monthly salary?

  Written by Marc   Posted 23 July 2014

What is the nett take home salary on a 50k per month CTC package?

WHAT ARE THE RETURNS ON COMMISSION EARNERS ONLY, NO BASIC. COMMISSION MONTLY: R45000

  Written by Marc   Posted 23 July 2014

how does commission taxes or whats are the returns. I earn commission only everymonth, no basic. Commission earned monthly is R45000.00. How much can I expect as a refund?

How long will I wait for my tax return

  Written by Marc   Posted 23 July 2014

How long will it take for my tax return to get into my bank account?

Outstanding IRP5, can I still claim?

  Written by Marc   Posted 22 July 2014

If one has not submitted IRP5 before, can one still claim outstanding amount?
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