How do I go about starting a business?

  Written by Marc   Posted 16 January 2013

Morning... I'm thinking of starting my own business - what should I do first? How much must the business earn per month to pay tax?

Tax refund/rebate dating back to about 7 years

  Written by Marc   Posted 13 January 2013

I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.

My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...

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I received statement of account from SARS, what does it mean?

  Written by Marc   Posted 10 January 2013

My statement of account :assessed tax and at bottom it does give me refund advice does that mean that the process has been completed and that I should receive my refund?

SARS appointed my employer as agent?

  Written by Marc   Posted 7 January 2013

According to SARS I have penalties of R22 250. I only discovered this recently after becoming more educated about the whole tax thing and investigated my own SARS status etc. Naturally I had to update my details and they now know where I work. 3 weeks ago, my employer received a letter saying something about appointment of agency and that she had to pay R1 500 per month over to SARS, in order to pay the penalties. Around the same time I went to SARS offices to log a dispute re the penalties and...

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I just receive a salary and receive car allowance - why do I have to pay in tax?

  Written by Marc   Posted 3 January 2013

I find myself having to pay extra tax in every year, last year 2500 and this year 6000. Why?

What is my claimable medical contribution as a pensioner?

  Written by Marc   Posted 3 January 2013

I am a pensioner and my part of my medical contribution is paid by my pension fund from my previous employer. I don't see any of this reflected on the IRP5 from my pension fund, but I do get a medical certificate from Discovery indicating the full contributions, along with a letter from the pension fund indicating what was paid by said pension fund.

What is claimable? The full contribution, or only the amount that I pay?

Retired and not earning an income

  Written by Marc   Posted 3 January 2013

Hi Tim, I am retired and the only income I get is from my pension every month, do I still need to submit a Tax Return?

Fringe benefit tax on company car

  Written by Marc   Posted 3 January 2013

Hi Tim,

I have driven a company owned and paid-for motor vehicle so pay fringe benefit tax based on the value of the car when it was purchased (new). Should that value be adjusted as the motor vehicle is no longer worth that much? How do I go about it to ensure it's always up to date? Thanks a mil!

Tax return assessment results - what does this mean?

  Written by Marc   Posted 3 January 2013

I have received this SMS from SARS:

"Thank you for filing your 2011 tax return Assessment Result: R0 Account Balance: R-2574 Selected for Audit: No"

What does it mean?

Hired on contract and permanent later

  Written by Marc   Posted 3 January 2013

Hi Tim

Last year I was on contract from May 2011 till Nov 2011, later the same employer made me permanent. I received an IRP5 showing that I've only been employed from Dec 2011, I went to HR to ask about it and they said it was correct, therefore I submitted all the information on eFiling as it is on my IRP5. I have received a letter from SARS that they want supporting documents, and I have submitted the documents. I would like to know if was there anything I needed to do before fini...

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My contact details are incorrect on SARS ITCHN-1 form - how do I change them?

  Written by Marc   Posted 3 January 2013

I have just submitted documentation to verify my Banking Details as a Non-Resident through Power of Attorney with a friend of mine in South Africa.I have just noticed that SARS have incorrectly recorded my Address Details. What do I do now? Do I wait for my Refund and then do the Change? These details are correct on eFiling. Also they have incorrectly recorded my Email Address as well on the Change of Personal Details for Individuals Form.

Am I a provisional taxpayer if I work freelance?

  Written by Marc   Posted 3 January 2013

I'm a freelance writer earning very little, in fact I might just be over the tax threshold of R58k in the coming year. Do I have to register as a provisional taxpayer and do I have to pay 18% up front for the next tax year? (I've done 2011-2012, I was below the R58k)

Expense boundaries and amounts on section 4016

  Written by Marc   Posted 3 January 2013

Hi Tim

Awesome website!

I earn my income on commission and am often entertaining clients, paying for coffee at meetings and lunches, client gifts etc - all part of the relationship building process.

Because of what I have submitted on section 4016, I have been selected for audit. I have kept all my receipts for client entertainment. Can I just submit these receipts and what are the limits here?

Also I have also claimed for bank charges and client production costs. Is this within the boundaries of 'expenses incurred in the production of income?'...

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I am on work permit on a foreign passport, I do not have an SA ID number - how do I submit returns?

  Written by Marc   Posted 3 January 2013

How do I efile? I need to know, how do I file with my foreign passport number? This is my first return. I am being paid with deductions at source by my employer.

Is R860 tax on R4600 gross income correct?

  Written by Marc   Posted 3 January 2013

Hi, I have been working for a company and my gross income is R4600 yet they are taxing me R860.

If I am earning two salaries how does tax work?

  Written by Marc   Posted 3 January 2013

I am currently earning a salary as a designer in a design company and now also earning an extra income by designing a disability newspaper on weekends, my company has finally gotten funding from the government and they are back paying me R5000 for doing the newspaper layout, how much do I need to be taxed on this amount? They have taxed me R900, is this correct? Thank you for your help.

Tax on salary of R14355.00 per month

  Written by Marc   Posted 3 January 2013

What is my tax amount that I should be paying?

I don't have a Medical Aid. May I still claim for medical expenses like GP visits, dental etc?

  Written by Marc   Posted 3 January 2013

I would like to know as this is a question I have asked many times and cannot seem to find an answer. I am NOT on any medical aid but sometimes I have to go to the doctor or dentist. May I claim for the prescribed medication and for the visits etc?

How to claim medical expenses for 2013

  Written by Marc   Posted 3 January 2013

I pay medical for myself and 3 dependents - so therefore a total of R768.00 per month I can claim back for - right? What about expenses not covered by the medical aid? What I am not understanding - do we at the end of the day get paid out, or not?

Freelance earning under R60 000 p/a. What tax do I pay?

  Written by Marc   Posted 3 January 2013

Hi,

I work on a freelance basis. I have one regular client who deducts tax from my pay (@ 23% of invoiced amount).
Other clients pay me in full.

I earned less that R60 000 in the 2012 tax year as I was abroad for most of the year.

As far as I understand, I should not have to pay any tax as I have earned less that R60 000? But I should be reimbursed for the tax I paid through client?

What tax forms do I need to complete?

Thanks

Is a sale of software, IPR or patent considered a capital gain?

  Written by Marc   Posted 3 January 2013

Dear Tim,
Me and my wife have been developping few software packages for years.
Now we have a client that wants to purchase them.
1. Is the sale of the software and/or IPR and/or a patent considered a capital gain?
2. Is it is a capital gane, can we sale those in our private capacity?
3. How if this taxed in case that we receive 200k per person each year for a period of 5 years?

Thank you

Am I considered a tax resident in South Africa?

  Written by Marc   Posted 3 January 2013

I have been working temporarily in South Africa for the last 6 years.. Over the last 2 years I work in SA less than 183 days per year and am out the country for more than 60 days continually, but if I add up the number of days I have spent in the last 5 years in SA it is over 915 days. My house is out of SA.

How do I claim tax back as a South African working outside of SA?

  Written by Marc   Posted 3 January 2013

Hi, I am a South African working outside South Africa, getting payed by a South African company into my SA bank account. The company pays my PAYE / Pay As You Earn. I am out the country for - 260 days a year, and have time period longer than 90 days consecutive outside of SA. How can I get my tax back?

How does tax get deducted from a self employed sales/marketing consultant?

  Written by Marc   Posted 6 December 2012

I freelance as a sales/marketing consultant. I charge a consulting fee per day to companies and also receive commission on any sales made during that period. What percentage gets taxed on the commission and what percentage on the consulting income? What can I claim back as a freelancer? (travel, accommodation, airfare, food)?

Can I claim my prescription glasses as medical expenses?

  Written by Marc   Posted 22 November 2012

I cannot see without glasses and have been prescribed glasses for anytime use and driving. Can I claim this from my tax as medical expenses - they are very expensive!
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