Car expense claims as a full commission earner
Posted 25 November 2015
I started as an estate agent and I have not kept records of my mileage and the car is paid up, what can I claim as a vehicle expense and depreciation
Mileage claims
Posted 25 November 2015
Good day, i work on the road every day and get my mileage paid to me monthly separate from my salary and don't get taxed on it. What do I need to submit my taxes?
Work done for previous employer after hours
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?
Travel Expenses - commission
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?
ITA34 report when receiving a non-taxable allowance
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?
Have an IRP5 but am an independent consultant, how do I answer some questions?
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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Medical aid supporting docs
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?
Primary residence definition
Posted 24 November 2015
I was letting out my property and was renting in another suburb for 3 years before selling my property. Is that property still seen as my primary residence?
Tax Deduction for Personal Vehicle
Posted 24 November 2015
I am busy completing my Tax tax return with TaxTim, under the Tax Deduction section there is a wear and tear section. Can I depreciate the value of my personal car if I am still paying it off?
Deduction for travelling to work
Posted 24 November 2015
Where do I enter my deduction for travelling to work as an independent contractor?
All I find is this:
"Did you spend any money on business travel which you do not get a travel allowance or reimbursement for? You must be a commission earner to answer Yes. Look for source code 3606 on your IRP5. Your Commission MUST also be more than 50% of your total income as stated on your IRP5. "
And this:
"Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. "...
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What taxes would be applicable to my gross salary in UK?
Posted 24 November 2015
Dear Tim, I am a provisional tax payer in South Africa. What would my tax parameters be if employed and paid by UK company?
Medical aid claim for claims submitted after year end
Posted 23 November 2015
Hi. I submitted a medical aid claim after the tax year end for a procedure which was done in February 2015. Medical aid only paid a portion of the claim due to the nature of my medical aid plan. The amount not paid for by the medical aid is not reflecting on my medical aid tax certificate for 2015. I do have the original invoices. Can I add it on my tax return for this year or only next year?
Tax on allowance for laptop?
Posted 23 November 2015
Is there tax on laptop allowance?
Travel expenditure claimable?
Posted 22 November 2015
I am contracted out from my company where I am employed as a permanent employee. I have realised that I should have a travel allowance as I should be able to claim all the km's from the office to the respective clients?
The claimable distances are about 26km x2 per working day. However, I don't have a travel allowance on my payslip. Your advice?
I think I have the wrong IRP5
Posted 19 November 2015
My period of employment was 01/05/2013. Can I still do that tax year?and how do I get a IRP5 for my current employment?I work for a real estate company and only get commission.
Can I claim my expenses for traveling to work everyday? My tax code is 3616.
Posted 19 November 2015
Can I claim my expenses for traveling to work everyday? My tax code is 3616.
Tax on Cash Lump Sum
Posted 19 November 2015
I have resigned and Agreed with my current employer to get paid my 3 month notice pay since I am starting my own business. How much tax is applied to a cash lump sum (3month notice 220k leave pay 70k), can I apply for a tax directive.
What type of forms to submit to represent your vehicle logbook
Posted 18 November 2015
When asked to submit your logbook to SARS, can I use the petrol claim forms for the starting and ending month of that financial year or should I include all the months?
Subsistence allowance expenses
Posted 18 November 2015
If I received a taxable subsistence allowance, but did not keep record of expenses (or proof) will I be able to deduct a deemed expense on my tax return.
Do you get taxed more in year that you had income or where there was minimal or no income?
Posted 17 November 2015
I left my job in August 2015 and want to withdraw a portion of the provident fund in Nov 2015, i. E. In the same tax year as when I worked 6 months (March - August 2015). Am currently unemployed/self employed. What is the best time to withdraw in such a way as to save on tax. In 2015 year or wait for new tax year (Feb, 2016) where income is R0. 00?.
Home office Expenses disallowed
Posted 17 November 2015
I'm a normal salary employee (not a commission earner) that work from home in a dedicated office 4 days a week, and I travel to the office one day a week. I tried to claim for a home office, and on my tax return I got the message "Home office Expenses disallowed". No reason given. I've tried querying, but they give me a case number, but never resolve the query. My employee contract is very old, and doesn't have the arrangement in. Can I give a letter from my employer as proof? What other documen...
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Earn a salary but fill my own fuel
Posted 17 November 2015
Hi, hope you can assist me with a question. I currently earn a basic salary as I'm employed as a rep, I fill my own fuel when going out to see customers. My question is : can I claim for km I travel for business?
Where do I get my tax directive?
Posted 16 November 2015
I got an IT34 notice. My tax status shows I need manual interference from SARS as they need a tax directive for the lump sum paid to me from a retirement fund. I received one IRP5 from my employer which includes my year's salary income as well as the retirement money. What happens now? Who is responsible for getting the tax directive? Shouldn't the retirement fund paid me directly and issued their own IRP5 to me?
Subsistence allowance claim
Posted 16 November 2015
My employer gave me a subsistence allowance for local travel. But they have shown it under Code 3713 (other allowances) instead of under the subsistence allowance code. The subsistence allowance field on the tax return is greyed out and so is the other allowances field. How do I claim my expenses?
Where to put things on tax return
Posted 16 November 2015
I worked for a company for two months last year and then worked for myself and invoiced out work. This means I have a IRP for the 2 months and then have to declare my income and expenditure on the balance of the year. When I populate the form I say yes to other income (trade). Where do I declare my expenses - such as computer, printing stationery, vehicle, medical, telephone, bank charges?
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