Tax relief caring for parent that is your dependant?

  Written by Marc   Posted 1 July 2014

I have power of attorney for my 90 year old mother's fixed deposit account (small amount). I am concerned that the worst might happen and want to transfer the account into my name before then as I am concerned that the money will be frozen and we may need it to pay for all the arrangements. My question is what is the most tax efficient (for me as her sole provider) way of doing this as the money will be used to make all the arrangements afterwards.
In addition I currently pay for her old ag...

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Principal member vs paying member of medical aid

  Written by Marc   Posted 1 July 2014

I pay for the medical aid for my family, however my wife is the principal member. Who should account for this on their return?

How to change banking details on SARS eFiling?

  Written by Marc   Posted 1 July 2014

How do I change my banking details?

Can you withdraw fro the GEPF twice?

  Written by Marc   Posted 30 June 2014

I saw you answered earlier on that a tax directive will be approved for a first withdrawal from the GEPF, but I have already withdrawn before, (20 years ago) but have received all my money by then. Will this have an implication on my current resignation?

Tax certificate from Cape Town municipality?

  Written by Marc   Posted 30 June 2014

Can I get a tax certificate from the municipality for municipal rates (Cape Town)? Problem is the statements don't run from 01/03/2013 to 28/02/2014. Not sure hoe to apportion properly.

Will I get a refund with a non taxable salary paying a medical aid of whereby the employer pays 50%?

  Written by Marc   Posted 30 June 2014

My Salary is R 5442.00 a month after deductions of which I do not get taxed but pay a medical aid for myself and my 2 kids of where the employer pays 50% of which my total amount starting last year Septermber were R 1297.00 and from January 2014 R 1413.00

I need my tax number please?

  Written by Marc   Posted 30 June 2014

How do you know if have a tax number or where do I go to check if I have one?

Is donation received an income?

  Written by Marc   Posted 30 June 2014

Is donation received from a relative included in gross income?

What does the final conclusion of reduced assessment mean to me as a taxpayer?

  Written by Marc   Posted 30 June 2014

I received a reduced assessment and the conclusion was that a certain amount was refundable to me but it never paid out SARS paid me amount from previous assessment what does the reduced assessment mean?

Do I have to submit any tax return or form if I stopped working for the past tax year with no income

  Written by Marc   Posted 29 June 2014

Hi Tax Tim, I use to work but stopped. Do I now have to send a tax return for the last year if I do not get any income anymore?

Quick calculator for tax purposes?

  Written by Marc   Posted 29 June 2014

Have you still a quick calculator?

Taxation on profit for sole proprietor?

  Written by Marc   Posted 29 June 2014

NOTES: 1. Taxation R12 523 x18% = R2254.14 less rebate under 65 years R12 080 = R 0
am I correct with the above calculation or will I need to still pay the tax of R2254?

when is the due date for 2015 tax returns?

  Written by Marc   Posted 28 June 2014

when is the due date for 2015 tax returns

Rent Income

  Written by Marc   Posted 28 June 2014

If your rent income and salary income amounts to less than the required amount for taxpayers to submit income tax does that mean I do not need to pay provisional tax or does any additional income count as 'taxable'?

Do SARS owes me?

  Written by Marc   Posted 28 June 2014

From last year January till march these year I was working. I was also paying tax so as tax return now how could I know if SARS owes me cause I was paying too much and I was working under contract.

UIF information?

  Written by Marc   Posted 28 June 2014

How to find my record of service?

Where will I find my work history on eFiling?

  Written by Marc   Posted 28 June 2014

How can I find my work tax history page or IRP5?

Refund of 2010-11 not recieved from SARS, what should I do?

  Written by Marc   Posted 27 June 2014

I have paid my full tax to SARS but the acknowledgement submitted by me manually on 1 August 2011, so till now refund hasn't been paid to me, so what I have to do.
financial year 2010-11
assessment year 2011-12

If I earn R8000 per month gross should I pay tax ? Or how much do u have to earn per year to pay tax

  Written by Marc   Posted 27 June 2014

If I earn R8000 per month gross should I pay tax ? Or how much do u have to earn per year to pay tax?

eFiling and Income Protection, what goes where?

  Written by Marc   Posted 27 June 2014

What option do I choose to claim for income protection

Transition from adviser to TaxTim?

  Written by Marc   Posted 27 June 2014

I am a provisional tax payer and have been using a tax adviser. My affairs are simply - I earn a salary and receive rental from 2 properties.

Are there any issues to consider with regards to the provisional tax I have paid?

Commission based salary - Fuel for vehicle to meet with clients?

  Written by Marc   Posted 27 June 2014

I work for commission, but there is no where I can fill in my mileage that I drive to see clients. How does this work?

Employee Tax Certificate/IRP5 - now what?

  Written by Marc   Posted 26 June 2014

My employer give me Employee Income Tax Certificate what the must I do with the certificate

What is the tax season deadline for filing with SARS?

  Written by Marc   Posted 26 June 2014

By when must personal tax be completed?

Will I receive a tax refund if I was unemployed and still contributing to medical aid?

  Written by Marc   Posted 26 June 2014

I was unemployed from February 2013 to December 2014. I returned to work in January 2014. During that period I was still paying for medical aid. will I receive a tax refund?
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