I would like to claim rental income and expenses relating to renting a property out, what can I clai

  Written by Marc   Posted 15 March 2013

I would like to claim rental income and expenses relating to renting a property out. What expenses can I claim? Can I claim cost of a computer and printer, telephone cost and internet costs? Thanks

If I pay for for my entire medical aid contribution am I eligible for a rebate?

  Written by Marc   Posted 14 March 2013

Am I entitled to a rebate if I pay for my entire medical aide contribution

Depreciation on cars, how does it work?

  Written by Marc   Posted 12 March 2013

Your depreciation calculator - is it up to date in terms of percentages allowed etc?

Second question - I am a sole prop. I know that I can deduct business expenses (not permanently employed), but I am not sure about the installment that I pay for the vehicle (HP). Can I deduct for tax purposes since I use the car for business.

Last question - if the above deduction is allowed, can I also add depreciation of the vehicle to the 'basket' or is it a matter of either or?
<...

Read more →

I will be earning R300000 a year what will my tax be?

  Written by Marc   Posted 12 March 2013

I have been offered a job for R300000 a year what will my deductions be.Thank you for your help.Kind regardsVicky

Just want to confirm how to dispute SARS denying the wear and tear allowance on my laptop?

  Written by Marc   Posted 12 March 2013

SARS denied the wear and tear claim according sec 11 e for the laptop I had to buy myself and use at work 100% of the time, they said its denied according to sec 23m, but I'm sure that was incorrectly interpreted because it says except for..... and then refers to sec 11e?!

So do I contact them and say go study a bit and make sure of your facts or how do I go about this? Dispute and add sec 23 for them?

Can I give myself a salary if I run a sole proprietor?

  Written by Marc   Posted 12 March 2013

I just need to find out if I can deduct a salary for myself as a business expense? please can you assist.

Can I be deducted for tax money every week without a payslip at the end of each month?

  Written by Marc   Posted 7 March 2013

I'm concerned because I'm being deducted for tax but I don't even have a payslip and I've been working for the company for more than a year

Tax return sms for a year, but I haven't even been working?

  Written by Marc   Posted 5 March 2013

Hi I received a message from SARS saying,"Thank you for filing your 2009 tax return Assessment Result: R-840 Account Balance: R-840 Selected for Audit: No" I'm confused as to what the R-840 means as I am not sure wether that means I owe them or if they're refunding me

Can I claim for a car which i "leased" from my previous employer?

  Written by Marc   Posted 5 March 2013

My previous employer bought a fleet of cars which he then branded. The deal was that we pay for it over 4 years after which the car would be evaluated and we could buy it for half the value. I left the company after 4 years and 4 months and was told that he was not selling the car to me. A monthly deduction appears on my commission slip (earned comm.only as a sales executive) for the car and petrol but this does not appear on the IRP5. I also did not receive a travelling allowance.

Ho...

Read more →

Where can I get a list of the items that I'm allowed to claim for as a sole proprietor?

  Written by Marc   Posted 1 March 2013

I know about things like rent, telephone, internet, stationery, etc., but what else?

What are the benefits of non residents for taxable income in South Africa?

  Written by Marc   Posted 1 March 2013

I am living overseas for the past ten years and have visited South Africa occasionally for not more that 3 weeks per annum. I earn interest (R24500); dividends from private companies (R65000); retirement annuity income (R17500) amounting to approximately R110K per annum. I am paying taxes as a resident. What will my taxes be like if I were to be taxed as a non resident. Will I still be entitled to the rebates. I am 62 years old and am married in community of property. I will appreciate a hypot...

Read more →

I am subcontracting for a company, but need tax help please?

  Written by Marc   Posted 28 February 2013

I subcontract for a company, but have not registered yet as a business and they will be taking 33% off my pay. The problem is I have 2 guys working for me as well. How can I sort this out quickly without having to lose out.

She's not sure if the tax deductions are correct?

  Written by Marc   Posted 28 February 2013

My spouse is 26 years old and her basic salary is 19 400 including other earnings which adds up to the total of 28 270 per month. Every month her tax deductions are close to 5000, her monthly deductions adds up to 13 000 including tax, which means she takes home +/-15 000...is the tax deduction ok?

Is my monthly tithe to my church an allowable deduction for tax purposes?

  Written by Marc   Posted 27 February 2013

Is my monthly tithe to my church an allowable deduction for tax purposes?, if not what donations are allowable for tax purposes?

I am a student under contract, now earning +R3250(basic), used to earn +/-R3000(basic).

  Written by Marc   Posted 27 February 2013

I found that they made a mistake when calculating my hourly rate for 10 month, so I end up getting a back pay. When I received the back pay, it reached the salary tax scale. So my salary was tax. My question is that were they suppose to include my basic salary with the back pay? Or give me a cheque for the pay since I'm earning that small amount. Your immediate response will be appreciated. Thank you.

Donations between spouses, are they taxable?

  Written by Marc   Posted 26 February 2013

Are donations between spouses, in the form of a regular allowance or a lump sum, taxable? Please advise the position for each spouse if possible. And does the receiving spouse need to declare under 'amounts not considered taxable' on ITR12?

I work seasonally, can I claim for medical expenses etc I encored while I was not working?

  Written by Marc   Posted 26 February 2013

I work seasonally, six month sometimes five. How do I calculate my tax and can I claim for medical expenses etc I incurred while I was not working?

Can I claim from SARS if I received pension payout of 76347.00 in May 2012

  Written by Marc   Posted 21 February 2013

OLD MUTUAL PENSION FUND NO TAX CERTIFICATE RECEIVED

Can I deduct postage costs from my expenses?

  Written by Marc   Posted 21 February 2013

I run an online business, where customers purchase goods from me and we post or courier orders throughout SA. Our costs are about R20 000 per annum -can this be listed as a business expense?

I did not submit my supporting documents in time?

  Written by Marc   Posted 21 February 2013

After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit the document after the due date). They asked me to provide reasons why I submitted late, which I did. They now refuse to accept my reasons and refuse to accept any deductions for my car allowance. According to them I now owe them R 280 000-00. What do I do? Can they do this?

How do I know if I am registered for income tax?

  Written by Marc   Posted 21 February 2013

I have only been employed on a permanent basis for the last year or so, and have recently changed companies. I did not have a tax number before beginning work for my old company, but saw on all my payslips that tax was being deducted as well as UIF. I take this to mean that the company registered me for income tax, and that I can continue to use this tax number at my new company and for all income tax in the future?

Can my mom claim if she pays for medical, but not tax registered?

  Written by Marc   Posted 21 February 2013

My mom is older than 65, she gets a pension of about R5500 monthly. She belongs to a medical aid that subtracts roughly 1850 a month. She is not registered for tax (I registered her on efiling, but SARS then removed her after we went to them. They said she dont need to be registered.). Seeing that she earns around R66 000 per year and the medical aid contributions are ± R22 000 yearly, and she has some out of pocket medical expenses as well, can she at all claim anything for the medical?

Tax deduction if I pay spouse's medical aid?

  Written by Marc   Posted 21 February 2013

I earn R8400 and pay R1536 monthly for my husbands medical aid. Can I deduct it monthly from my salary for tax purposes?What is a good percentage to pay for medical aid on your income?Thank you

I have to send in my provisional tax information for the 1st time, have no clue, PLEASE help

  Written by Marc   Posted 20 February 2013

Need to submit provisional tax info. I am employed and have a business on the side. What info do I submit?

Where must I claim tax back from?

  Written by Marc   Posted 19 February 2013

Where must I claim my tax and where can I get the IRP5?
Older posts →← Newer posts    135  136  137  138  139  140  141  142  143  144  145  146  147  148  149  150  151  152  153  154