Classification of income for contract employment and permissible deductions.
Posted 27 February 2015
Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...
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Audit complete, still no refund from SARS?
Posted 26 February 2015
I filed my return on 07/01/2015. I received no communication from sars until 02/02/2015 informing me I was selected for an audit. I submitted all required documents. I received the letter of completion of audit on 23/02/2015. My statement still shows the same refund amount, but since then no refund was paid.
Why am I being taxed on an amount lower than the tax earning threshold?
Posted 26 February 2015
If I earn R5500 am I suppose to be taxed and am a temp?
How do I pay tax if I receive money from multiple employers at variable amounts each month?
Posted 26 February 2015
How do I work out how much Tax I need to pay if I receive an income from four different employers and three of them are variable amounts each month?
Do I qualify for a tax refund?
Posted 25 February 2015
I find your blog interesting and helpful and I believe you can help clear out the confusion that I have. I started working from 1 May 2014 as a temporary employee until 30 September 2014 and I earned R5000 a month during that time. I was made a permanent employee as of 1 October 2014 and I started earning R10000 a month. I am currently registering as a tax payer with SARS and I wonder if I will qualify for a refund from SARS or not?
Role of SARS in NGO's
Posted 25 February 2015
What is the role of SARS in non-profit organisation?
Can education/training/online training be claimed from tax if you're self employed?
Posted 24 February 2015
Can education/training/online training be claimed from tax if you're self employed?
DO I have to pay PAYE and do SARS give money back?
Posted 24 February 2015
I earn R107000p/a should I pay tax and how much, I hear people say that one can file a request to get their tax money from SARS, please illuminate as I'm really in the dark.
Verification of tax
Posted 24 February 2015
I earn a gross salary of R11500 per month and the company deducts R1400 for tax. But according to SARS online I should be paying R1006 for tax. How can I be sure how much tax I should pay?
Tax query on bonuses?
Posted 24 February 2015
On a 13th cheque how much PAYE does one have to pay. Under 65, monthly salary, UIF,no other deductions
What period does the IRP6 submission, that is due on 27 February 2015, cover?
Posted 23 February 2015
What period does the IRP6 submission, that is due on 27 February 2015, cover? Is this from 1 March 2014 until 30 June 2014?
Important tax enquiry?
Posted 23 February 2015
I bought land and built a rental house. I have upfront fees which appear on the pro Forma account of the transferring lawyers. Such expenses are :
Registration fee. 6 months Municipal Rates upfront. Rates clearance certificate fee. Transfer duty. Deeds office registration fee. FICA verification. Lodging agents fee and postage. Sundry expenses (phone calls, postage, file storage fee, printing, photocopying, emails and faxes). Fee for consent to transfer from HOA. Paid management for HOA consent and levy figures...
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How to register student, doing part time modelling, with SARS
Posted 22 February 2015
My daughter has started a part time modelling career. She is 15 years old and still in school. Do I register her as a normal individual tax payer with SARS, she will be a sole proprietor. There will be
expenses deductible for tax purposes.
Claiming for Petrol from SARS?
Posted 22 February 2015
I have a full time job as a Sales Executive. I use my own vehicle for work, and keep a logbook. I then claim S&T from my work and get paid the month there after. Can I claim and how does it work (what must I claim and what do I get back)?
As well - I buy gifts for my clients (chocolates, accessories, stationery, etc. Can I also claim this?
Tax whilst employed fulltime and a director of a PSP private company
Posted 21 February 2015
Hi Tim thanks for the awesome work. How does being a director of a private company affect personal income taxes( noting that this work is occasional in addition to being employed full time during the week) if the service offered is of a personal service provider nature and a. The director does not take fees or income From the company. B the director earns fees/income from the company is provide the personal service himself. Thanks
Amount monthly paid for tax
Posted 21 February 2015
How much tax do I pay if my net salary is 8000r?
Are computer components (CPU, RAM, etc.) considered to be "part of a set"?
Posted 20 February 2015
Regarding the writing off of assets under R7,000 in value, you mention here[*] that the items must not be "connected" to one another or form part of a set. I purchased 6 items this year (CPU, SSD, Case, PSU, RAM, M/board) [in 2 transactions] in order to upgrade my PC (used for work purposes). Are these items "connected" to one another / do they form part of a set?
The total amount was about R7,671. 16 ?%u20AC%u201C which means that I can't write this off if they are considered to be part of a set. Are they? Or can I write off all 6 items, as each of them cost less than R7,000?...
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PIT Assurance Audit turnaround
Posted 20 February 2015
How does one get selected for a SARS Assurance audit? What is the turnaround time?
Depreciation on private vehicle
Posted 20 February 2015
Can one claim depreciation on a private vehicle if you have already claimed for travelling - Commission income
How can I get my tax number?
Posted 18 February 2015
I need my tax number for the work, how can I get it without waiting for agent or to go to the office for my number?
Beneficiary of R80 000 from a will
Posted 18 February 2015
If I received R80 000 from a deceased's will how much tax do I pay on that amount
How long, if you dont have a tax number, do u have before you need if u have recently been employed?
Posted 17 February 2015
Lets say someone just recently started working, and wont be able to get their tax number before pay day. Is there an allowance or period that that person allowed to get my tax number without any penalties?
My wife earns 35% commission (salary) per month ,how does her employer calculate her PAYE?
Posted 17 February 2015
My wife does not earn a salary but earn 35 % commission on all work done. She generally earns more
than R10 000 per month. How does her employer calculate her PAYE?Can one use the calculator on
your website?
Withholding of information and tax related information
Posted 17 February 2015
I am a member of a CC which was used for transactions of another person. The tax returns have not been submitted and they refuse to provide the information to enable me to submit these returns. They even "hijacked" the CC's info on e-filling, so I am unable to get any information. What must I do now?
I need assistance regarding provisional tax
Posted 17 February 2015
I am a full time salaried employee who earns a monthly salary from my employer which is taxed. However I also do 'contractual' work for the same employer that is not taxed like my salary is. I started receiving this additional income from September 2014 - February 2015 and in total I would've received R22,000 income that has not been taxed by the end of Feb. I want to know if I need to register for provisional tax? How much would I be looking at paying? I do have expenses that I would like to in...
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