Issue of IRP5 certificates at the time of Interiem reco submission

Posted 7 November 2014

Do an employer needs to issue IRP5 certificates to employees after the interim reconciliation submission

Can you help us do our CC's tax ourselves?

Posted 7 November 2014

We own a small business doing Tours and Transfers, registered as a CC with one owner. Can you assist us to do our tax ourselves, cutting out the accountant, but still qualifying for all possible tax exemptions and refunds?

How can SARS deduct R2500 from 7yrs ago (after a refund), and a further R2500 after I disputed it?

Posted 6 November 2014

Hi Tim. I have a major dispute going on with SARS as efiling didn't show that my return for 2007 was done manually. Being a new efiling user I was still learning the process. How can SARS be so inhumane when they have clearly made this service available to the common person and then charge us thousands for making a human error by clicking a wrong button. I submitted a return in error that should never have been submitted from 7 years ago (a year they rightfully refunded me I might add)... S...

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Depreciation claimed on my tax return?

Posted 6 November 2014

Can I claim depreciation on my laptop if it's older than 3 years and I haven't claimed before? If I can, how do I work out the depreciation value of the laptop? Thanks!

Tax thresholds?

Posted 6 November 2014

When do I qualify to pay tax to SARS?

Frans

Posted 6 November 2014

How will I know that I submitted 2013-2014 tax return?.

Where do I declare a secondary source of commission income in the ITR12 if the primary is on IRP5?

Posted 5 November 2014

I am an independent contractor operating out of a home office, and earned commission during the year from two sources, however only one of them deducted PAYE. That IRP5 is reflected on eFiling, however there is no section on the ITR12 to declare the second source of commission income. If I select the trade section of the ITR12 then I get a whole income statement to complete; if I do this must I include the IRP5 income as well? Also must I include all my expenses here or rather in the standard de...

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Did TaxTim register me for eFiling on my behalf?

Posted 5 November 2014

I have completed my return with TaxTim. It's my first return. Before using TaxTim I did not register for eFiling with SARS. Did TaxTim register me for eFiling on my behalf? I called the SARS call centre and the lady there said the system reflects that a third party registers me. Is this TaxTim? I would like my login details for eFiling!

Can I deduct bona-fide office rent paid against commission income?

Posted 5 November 2014

My employer requires me to maintain a home office/ study as they do not provide me with an office. Unfortunately I live in a two bed roomed apartment and I did not want to convert the spare bedroom into an office. I managed to rent a granny flat from my in-laws and converted this into a fully fledged office. I pay a monthly rental to them for the use of the office.
The majority of my income is from commission (more than 75%).
Can I deduct the rent paid to my in-laws for my office agai...

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SHOULD EMPLOYER CONTRIBUTION OF PENSION ADDED TO GROSS INCOME

Posted 5 November 2014

IS THE PENSION CONTRIBUTION BY THE EMPLOYER CONSIDERED A BENEFIT AND PUT UNDER CODE 3697?

Why has my refund not be paid yet?

Posted 5 November 2014

If you were selected for verification and thereafter you receive your ITSA statement of account which reflects you weren't selected for verification or audit does that mean SARS will pay the refund or can u still be selected for further audit?

Are your refund calculations correct?

Posted 5 November 2014


On TaxTim the calculation is the refund amount guaranteed correct and what is the process to do the return, will you do it, how long does it take and how long for the refund, what are the risk of using you over an accountant

Cooperative tax returns

Posted 5 November 2014

How can I go about doing tax returns for our Cooperative online - Where to go?

Betaal ek in wanneer my ITA34 negatief wys?

Posted 5 November 2014

Wanneer my ITA34 se bedrag in minus is? Beteken dit ek moet daardie bedrag aan SARS betaal?

Expat Tax query?

Posted 5 November 2014

I am an Expat from India working in SA since last 3 years. I am regularly filing my eFiling every year. Now I will be going back to India in April/May next year. I got following queries:

1. As I am working only for 2-3 months next year, would I still be taxed as per same rate?
2. Would I be able to file my tax return in April/May before I leave?

I'm having trouble getting my IRP5 from my previous employer.

Posted 4 November 2014

I just want to find out how can I get an IRP5 from a previous employer? And my IRP5 from previous years?

I need to add code 3701 and 3702 to my tax return

Posted 4 November 2014

Please make the below changes before continuing:You can't fill in the Travel Allowance section if your IRP5 incomes list doesn't contain source code 3701 or 3702.It is telling me to fix this but it does not say where I need to go to to correct this

Declaration of professional income and how does this relate to local assets and liabilities?

Posted 4 November 2014

Income is earned from writing articles that are published in a magazine. No IRP5 is provided for this remuneration. Do I declare this income in the field "Income other than turnover" and give it a description of "professional income"? Then under the heading "Local assets and liabilities", do I only declare amounts relating to this professional income? For example fixed properties will be zero as the house that I own is not part of this professional income activity?

Medical aid contributions on my tax return?

Posted 4 November 2014

In the medical aid contributions - Did your medical aid contribution form part of your salary. My employer took the contributions off my salary but did not contribute to it directly. This also only happened for 8 months of the tax year after which I paid all the contributions. Is it correct to say that my medical aid formed part of my package, they did not pay for my entire contribution and no again to "Is your ENTIRE medical aid contribution taken out of your salary? So it is paid via your...

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Company taxing employee on company petrol usage?

Posted 4 November 2014

Hi Tim

My husband has started at a new company as a sales exec. He gets company petrol as a benefit and they've issued him with a company petrol card. However now I've noticed that they are adding the petrol useage to his earnings i.e. if his basic is R5000 they are adding R4000 petrol (varies every month) and then taxing him on R9000 gross instead of taxing him on R5000. They then deduct the R5000 off again but he's paying a lot of tax every month because of them adding in the petrol...

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Does a sole prop with employees need to register for PAYE?

Posted 4 November 2014

I am a sole prop and therefore do not have a company registered with CIPC. I have a few staff that work for me. Do I need to register for PAYE and UIF with SARS? Can a sole prop (ie and individual) register for PAYE?

Refunds on Withholding Tax?

Posted 4 November 2014

We have a Company based in South-Africa but all the work (professional engineering services) we do is for a Company Based in Tanzania. At the end of each service provided to this company we Invoice them and when they pay us they deduct 15% Withholding tax. Each year we receive Withholding Tax Certificates from this Company which we then submit to SARS when our accountant does the Company Tax Return via e-filing. The Withholding Tax Certificates we submitted to SARS this year was for the value ...

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How will I be taxed as a freelancer on retainer?

Posted 3 November 2014

Hi there!

I am currently full-time employed as an editor, but would like to go freelance next year. I am busy putting a proposal together to encourage my current employer to keep me on retainer for a portion of my current duties, for a portion of my current salary from January 2015, so that I can at least be guaranteed a basic salary for the first year or so of being a freelancer while building up a client base.

As far as tax goes, my understanding was that the burden was on freelancers to submit quarterly or annual tax returns, and that employers using freelancers were not necessarily obligated to deduct tax on their fees...

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Is there a threshold for registering for provisional tax for a non salary person?

Posted 3 November 2014

I run my own business as a sole prop in my own name. I read somewhere that if my taxable income is below a certain threshold for the year, that I do not need to register as a provisional taxpayer. Is this correct? I was under the assumption that because I earn income other than a salary (from carrying on a trade) I am automatically a provisional taxpayer?

If I am below the threshold and do not need to register, then how will I know this before hand? For example, for the 2015 tax year, I will only know if I am below the threshold at the end of the year, being Feb 2015. By then, I would be late in submitting my provisional tax returns (due in Aug 14 and then Feb 15)?...

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Do I need to pay tax for a 6 month contract?

Posted 3 November 2014

I have a contract with a rugby union for 6 month R10 000 pm total is R60 000 for the 6 months. Do I need to pay tax?
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