Claims against Travel Allowance
Posted 10 July 2015
In what instances could you claim maintenance expenses, toll fees and tires against a travel allowance?
A proper logbook has been kept of all business km, therefore currently doing the calc based on fixed cost per km and multiplying this with the total business km.
Wrong filing of tax provisional instead of individual
Posted 10 July 2015
Good day. I filled my tax via SARS e filing for 201 and it triggered an audit. I got a refund after providing the docs, then after a few days I decided to call the SARS call centre. The guy on the other side told me that I need to file for 2009 and 2011 and that I made a mistake and I filed for provisional tax. They fined me for R2900 interest, now I owe them according to the efilling at the SARS branch. They were not very helpful either, the lady told me I must jus...
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Independent Contractor - Allowable Expenses
Posted 10 July 2015
Hi, I'm an independent contractor and my income is indicated under code 3616. I don't get any allowance, and my company pays income tax every month. What I want to know is can I claim, under the allowable expenses, for things such as vehicle depreciation/KMs traveled/vehicle service costs etc?
Almost all my work related travels are from home to the client site and back, which I have kept a log book for.
I am charged by my previous employer to my IRP5 for FY 2006
Posted 10 July 2015
I have submitted my 2015 tax on the 01 July 2015 on SARS eFiling and I had a refund of R2200.00 and now SARS told me that I have an outsanding tax return for 2006, however I request my tax return on SARS eFiling for FY 2006 its not populated with the figures even if I refresh my IT12. Also when I my IRP5 from my previous employee this the request I have got:
Tax law only requires us to keep IRP5's for 5 years. However, we have them saved electronically going back to 2008 so if we are able to help the contractor, we will of course do so at no charge, but unfortunately, the IRP5's from prior to 2008 have been archived and are stored offsite...
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What constitutes business mileage if I stay temporarily closer to work?
Posted 10 July 2015
I live in one city and my normal office is in the city. I am currently involved in a project in another city which takes me away there for extended periods. I have a flat in the other city which I stay in while I am working there. What constitutes business mileage? I would think travel from home to the distant site would be business mileage. However probably not the daily commute in from my flat. Is this correct, or would the total distance away from my home be business mileage?
Can I claim for depreciation on my personal vehicle used for business puposes?
Posted 10 July 2015
Can I claim on my personal vehicle used for business? I receive no allowance, just re-imbursement for petrol claims and services. I have a logbook indicating business vs personal use.
Havent received my payment from SARS yet and its been 5 days already
Posted 10 July 2015
I recently did my tax with TaxTim but haven't received my return payment from SARS yet? On SARS Efiling it states that "Filed through an Independent Service Vendor"
SARS Audit - Proof for sideline income
Posted 10 July 2015
I'm being audited by SARS, they have asked me for bank statements and payslips. I do currently have a permanent job, but have a part time or side line job as well. The amounts I get paid to do the work is not a constant amount every month and some months has no income at all. These payments are either in cash or via eft which will be on my bank statements of course.
What would the impact on myself be from SARS? I complete my tax every year, but this is the first time I get asked to p...
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Tax for independent work.
Posted 10 July 2015
Hi Tim. I am a full time teacher. I am thinking of leaving my job and working as a full time tutor from home. I will see students on a one on one basis and charge them and hourly rate OR I will travel to other students and charge them an hourly rate.
Can I claim against expenses that I incur whilst tutoring eg: at home - electricity, Internet, cellphone usage to contact students, travel costs when going to students, laptop purchase for work etc. Thank you.
Travel allowance section
Posted 10 July 2015
I get reimbursed for travel allowance and it is put under code 3702. I have 2 questions:
1: On the first page of the tax return should I tick "Yes" for claiming against a travel allowance?
2: My log book and the amount under 3702 don't match since the travel for the second half of Feb 2015 is actually only paid to me in March 2015.
Severance Pay Tax
Posted 10 July 2015
Last year I was retrenched, took the package, and was told that the severance piece was tax free, as it was way below the R500k, just under R40k, got a directive.
Now looking to do my tax return, the amount shows under income (source code: 3901) adding it to my income, however as I was not taxed on it when it was paid, it appears to SARS that I didn't pay the tax then. So now it looks like SARS is asking me for the tax on that amount, as my prelim calculations is saying I must pay in close on R4000?...
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Calculations of refund after submitting correction
Posted 9 July 2015
I completed my SARS tax return. My IT34 said I was being paid an amount back. I then realised I had made a R40 error on my tax return for my laptop depreciation. So I amended on my tax return and re-submitted. My calculation then said I was receiving about R4 less than before. Once submitted I received an IT34 stating I had to pay SARS R4. Which is the correct IT34 now? I can't possibly lose all the money I was getting back for changing an amount by R40? I was also requested to submit the laptop...
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SARS status "Please note that your return cannot be processed as SARS is currently reviewing your as
Posted 8 July 2015
Hi. My SARS status has been "Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course." for a week now and no changes to date.
When will this change or when will SARS at least change the status or look at my return?
Unsure about source codes 3697 and 3698
Posted 8 July 2015
If I have the below amounts on my IRP 5:
75,000. 00 - 3601
90,610. 00 - 3616
Would it fall under the following codes on my IRP 5 if the company does not deduct any retirement benefits bearing in mind that I was first a contractor from Mar - Aug.
75,000. 00 - 3697
90,610. 00 - 3698
Does these codes get taxed differently?
Wear and tear allowance on sars code 3713
Posted 8 July 2015
I received a laptop allowance on a monthly basis. Laptop belongs to me. This appears on my IRP5 under source code 3713. I received this over 3 years. Can I claim a wear and tear allowance against this income?
I'm confused if I should claim over 3 years or just a single year as I've read different responses online. Also what supporting docs would SARS require? Would the tax invoice of my laptop be sufficient? Thanks
Depreciation on passenger vehicle
Posted 7 July 2015
Good day,
I bought a 2002 model car which is still in good condition, in June of last year for a financed amount of R109,990. 00 This vehicle is used on a 50% work and 50% private basis. I do not receive a car allowance and this vehicle is paid out of my own pocket. Is it possible to claim depreciation/wear and tear on this vehicle from SARS?
Out of Pocket Medical Expenses
Posted 7 July 2015
My Mom is in her late 80s and stays in her own suite in a retirement home and during the day she is independent. However at night she gets confused and therefore stays in the clinic section of the retirement home where she is monitored by qualified nursing sisters or staff nurses. The charge for the overnight stay in the clinic is added to her monthly account. As she is being looked after by qualified nurses at night can she claim this amount as an out of pocket medical expense?
At what point do you become a provisional tax payer?
Posted 7 July 2015
Hi there. The 2014-2015 tax year will be my second tax season as a self employed 'freelance' architect. Last year when I submitted my tax at SARS they said I do not need to register for provisional tax and that they would 'let me know when I needed to' so I just submitted a summary of my income and expenses to SARS at the normal tax time and they verified everything and all was ok. This year I am earning double what I did last year and feeling a bit concerned that I may have missed the magic line which crosses me over into a provisional tax payer? ...
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Medical aid claims - fiance's medical aid
Posted 7 July 2015
I need to please find out - I am on my fiancé's medical aid (he is the main member), should there be any excess to be paid on medication etc. We do not physically pay the cash but it is taken from his salary at the end of the month. The medical aid did send us a detailed certificate on each beneficiary - my question is now - Is he as the main member responsible to claim for all the beneficiaries as the excess was deducted from his salary??
Second question - I went to see a ear specia...
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Pay for tax return?
Posted 6 July 2015
Do I pay for submitting tax return with TaxTim?
Can I claim purchase of vehicle as a expense (commission based)
Posted 6 July 2015
I am completely commission based. I recently purchased a vehicle cash. Can I claim it as expense incurred in the production of income? Or do I add it as Travel expenses (commission income)?
Can you apply a tax directive issued to a different employer?
Posted 6 July 2015
We have a temp employee that we would ordinarily deduct 25% tax. She has now come with a tax directive from SARS in the name of another employer that she also works for on a commission basis & ask us to apply the tax directive of 20%. Question:
1. Can my company apply this directive even if it is in the name of another company
2. Can my company apply this directive even if it is a photocopy & not the original
Two different IT34's
Posted 6 July 2015
Good Day. I submitted my tax return on e-filing. I got an It34 stating an amount to be paid back to me. I then realised that their was a R4 difference on my laptop depreciation. I corrected it and resubmitted my Tax return (as they requested laptop invoice and figures need to match) I did the calculation and it showed about R4 less that I would be receiving back. But I then received another IT34 stating that I owed SARS R4. Which IT34 is correct? I changed an amount by R4 I can't possibly lo...
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Employed Commission Earner and Investor - Where do I stand?
Posted 5 July 2015
Hello
I am hoping you can help. A few things:
My retirement annuity reflects as code 3697 on my payslip. Is this normal, does it count the same as 4002?
I receive a car allowance, but my vehicle installments, insurance and petrol costs me more, is there a smarter way of doing this?
More than 50% of my salary was commission from a single employer this year. Can I still claim fuel,l insurance and depreciation although I have a car allowance? What other expenses can I legitimately claim (i.e entertainment, networking meetings etc. ) Can I claim for expenses my company have re-imbursed me for?...
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Business traveling expense
Posted 4 July 2015
Claiming business travel for commission earners using their own vehicle.
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