Wear and Tear claim for home office equipment for sole proprietor

  Written by Nicci   Posted 31 March 2016

Can a sole proprietor claim wear and tear on home office furniture, equipment, computers? What is the allowance?

Please explain provisional tax

  Written by Nicci   Posted 31 March 2016

I know that I have to pay personal tax 3 times a year but I don't understand for when I am paying or being calculated for.

How best to "structure" freelance income?

  Written by Nicci   Posted 30 March 2016

I work full time, earning a salary and paying PAYE tax. Through the year I have some projects that enable me to generate some extra income. However, if I just do this as an individual, I incur additional income tax at my marginal rate. Is there a way to structure "freelance" work and projects (in something like a company?) so that I can pay less income tax whilst still abiding the law?

Do students in a learnership pay tax?

  Written by Nicci   Posted 30 March 2016

I'm in a learnership. I get paid R3,120 plus R1,500 accommodation. The total is R4,620 per month. Do I pay tax?

How do I gain access to company's Efiling profile?

  Written by Nicci   Posted 30 March 2016

I am the director of a company, whose tax was done by a tax practitioner, with the company on their SARS eFiling profile, I did not have shared access. The company's tax has since been transferred to a new tax practitioner for various reasons. The initial practitioner has indicated that he has transferred the profile, but has in fact not, and is refusing to assist me further. Could you advise on how I can gain access to the companies Efiling profile?

Provident fund taxable fringe benefit

  Written by Nicci   Posted 30 March 2016

When I captured the details of the monthly salary expense it calculated the following:
Gross salary: R16 772. 83
Included in gross salary is R1 500 provident fund contribution by the employer. Net salary calculated was R13 500. The provident fund contribution is a taxable fringe benefit from 1 March 2016, however, where was it taxed?

Do I need to transfer service contracts from personal account to my company?

  Written by Nicci   Posted 30 March 2016

I recently registered a business. I however still run an online ecommerce site where the proceeds go to my personal account by way of EFTs, Cash, SnapScan and PayFast. I also pay vendors from my personal account. Can the net profit simply be transferred to the business account for tax purposes or do I need to re-register all of the above services with the company details. The ultimate goal is of course to avoid having a large income tax from both a salary and this 'sideline' ecommerce store.

SME Tax

  Written by Nicci   Posted 30 March 2016

Do you also do small business tax? How much would cost for a small business tax? can I hire my unemployed family and friends and deduct their salaries from my revenues? And what would constitute proof of employment of these friends to SARS?

How can I submit a backdated ITR14 form?

  Written by Nicci   Posted 30 March 2016

I am currently in the process for applying for a VAT number for our company. I was told by the SARS office that I need to submit my ITR14 Returns for the years 2013, 2014 and 2015. Now I've gone and registered for SARS eFiling. I've found the place where I am supposed to fill out the form but I don't see where it would give me an option to select the year that I am doing the tax return for? Do I just backdate the date at the end of the form?

Can't acquire irp5 from previous employer before emigration

  Written by Alicia   Posted 29 March 2016

My previous employer liquidated on 12 February this year & the liquidation hasn't been completed yet. I am scheduled to move to work in Dubai in mid April on a 3 year non binding contract and I am wondering what would be the best solution to file my tax returns for the 2016 tax year?

Just in case I am unable to acquire the liquidators details before I leave for Dubai? Or what can I do if the liquidator does not send me the IRP5?

Need to bring tax returns up to date

  Written by Nicci   Posted 29 March 2016

I have been working full time for about 4 years now. I have never submitted a tax return due to complete ignorance on my part. I have a few questions:

1. What is the best way to rectify this situation?
2. Will I definitely have to pay penalties? What is the probability of having to pay penalties?

Tax Clearances

  Written by Nicci   Posted 29 March 2016

How to request tax clearances on e filing?

Am I liable for paying tax on foreign monetary gift?

  Written by Nicci   Posted 29 March 2016

I have been receiving a monthly monetary gift from my ex boyfriend who lives and works in the USA. He is not a South African tax payer and I am. This money is for my living expenses since I resigned my job in SA on his insistence (he had proposed) however our relationship didn't work out and I am in SA without a job or an income.

Can't acquire IRP5 from previous employer before emigration

  Written by Nicci   Posted 29 March 2016

My previous employer liquidated on 12 February this year and the liquidation hasn't been completed yet. I am scheduled to move to work in Dubai in mid April and I am wondering what would be the best solution to file my tax returns for the 2016 tax year?

Just in case I am unable to acquire the liquidators details before I leave for Dubai? Or what can I do if the liquidator does not send me the IRP5?

Minor's tax obligations on inheritance

  Written by Nicci   Posted 29 March 2016

If a minor child inherits - how much do they have to earn before they must be registered for paying tax?
If they are not liable for tax, does one as the parent still have to notify SARS that they have funds invested?

Complying with EMP201 and EMP501 submissions without using Easyfile

  Written by Nicci   Posted 29 March 2016

We are a small start-up company with 2 employees. We have to complete EMP201 and EMP501 tax returns and pay over to SARS and UIF and IRP5. I am not familiar with Easyfile but it seems cumbersome and complicated. I do not want to do manual submissions. Is there a simple way of complying through E-filing?

How to check that PAYE is paid?

  Written by Nicci   Posted 29 March 2016

How can I know my employees pay my tax?

UAE employment income received 2009 - 2015

  Written by Alicia   Posted 24 March 2016

I was employed by a UAE company from March 2008 to Sept 2015. I did not emigrate to UAE and always had the intention of tax returning to SA. I was never more than 30 days in total in SA when visiting family before I left for UAE again to continue employment. Will my employment income earned for this period be taxable in SA? Where do I include this on my tax returns when completing them for SARS?

Consultant says his tax on his salary is too high

  Written by Alicia   Posted 24 March 2016

We have hired a consultant who is taxed according to the tax tables. He is querying this. How much should his tax be on R84000.

If I am a provisional tax payer, do I still pay PAYE?

  Written by Alicia   Posted 24 March 2016

If I am a provisional tax payer, do I still pay PAYE?

I earn R7500 per month, how much tax will I pay

  Written by Alicia   Posted 24 March 2016

If I pay 7,500 how much tax do pay per month

Tax on donations

  Written by Marc   Posted 24 March 2016

My father has sold his house at a discounted price to my eldest sister and some of the proceeds of the sale will be split between the remaining siblings. What are the tax implications for my father and is there any way to minimize the taxes which will be levied on him?

Are bond initiation fees, legal fees and valuation fees deductible for tax?

  Written by Nicci   Posted 23 March 2016

Hi, I have registered as a provisional tax payer and did my tax return in August. My rental expenses (levies, interest and taxes) are greater than my rental income I earn. Do I still need to file the provisional tax payer tax return now and see if any payments are due?

I have paid for your services for my personal income tax, but haven't received any of my tax information yet (for investments, medical aid etc). Must I just wait until those all come later in the year and send them thro...

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Is my business liable for PAYE as soon as I register?

  Written by Marc   Posted 23 March 2016

I registered my SME for PAYE in December 2015. When do I become eligible to start paying PAYE? I'm the only employee and my salary is tax deductible?

Do I have to register for UIF at SARS or the Labour Department?

  Written by Marc   Posted 23 March 2016

If I registered my business for PAYE at SARS do I have to register for UIF at the Labour Department or does SARS do it automatically?
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