Wife's medical aid - do I get a deduction
Written by Marc
Posted 20 June 2014
Will I be able to claim a tax deduction for myself if I am on my wife's medical aid? It costs more to join a medical aid on my own, rather than to join as a dependent, and I would like to know what the tax benefit is.In previous examples, you stated that each member can get a R230 per month tax credit - has this changed?We both earn salaries in excess of R30K per month
Employer's Personal Tax Return
Written by Marc
Posted 19 June 2014
How would you complete your personal tax return if you left employment in November 2013; started your own business and contributed out of your own pocket for your Retirement Annuity and Medical Aid from December 2013 until end of 2014 Tax Year. You have also not drawn a fix salary the last 3 months of the 2014 Tax Year. You have also contributed 100% capital towards your business.
A strange pop-up appears when I try to complete step 2 of the how to use eFiling guide.
Written by Marc
Posted 18 June 2014
A strange pop-up appears when I try to complete step 2 of the how to use eFiling guide. SARS asks:
"Kindly confirm that this return is being submitted because one of the following reasons, the taxpayer is:
-A deceased estate
-An insolvent estate
-Emigrating."
With the option to click "OK" or "cancel."
What do I do now? None of those apply to me.
I want to know about tax certificates?
Written by Marc
Posted 18 June 2014
Do you claim when you get a text certificate form your Medical Aid or what?
What date should we submit tax returns?
Written by Marc
Posted 17 June 2014
What date should we start submitting tax returns?
I need my tax number?
Written by Marc
Posted 15 June 2014
How do I check my tax number if I was working before?
Do I have a tax number?
Written by Marc
Posted 13 June 2014
Where can I find my tax number, I am selfemployed, was liquidated and want to register as an individual
What is the entertainment expense deduction limit per year?
Written by Marc
Posted 13 June 2014
Hi Tax Tim
I am helping a small contractor with his books and I would like to know how much he can claim for entertainment expenses? Is there a limit per year? Also assisting my local church and have the same query for their entertainment expenses?
SARS Income Tax Refund Calculator
Written by Marc
Posted 12 June 2014
How accurate is your Refund Calculator?
Also how much will you charge me to submit me 2014 return?
I like to know is it money I owe SARS or what?
Written by Marc
Posted 12 June 2014
Can u please explain to me what is meant by the term Taxable Income?
Difference between medical aid source codes?
Written by Marc
Posted 12 June 2014
What's the difference between source code 3810, 4005 and 4474?
UK rental income while resident in SA
Written by Marc
Posted 10 June 2014
I live in SA and have a property in the UK that I rent out. Do I pay tax on the rental income in the UK or in SA? I know I have to declare my worldwide income but just wondering in terms of the Double Tax treaty - in which country do I physically pay the tax?
How to get a company to be in good standing tax clearance?
Written by Marc
Posted 10 June 2014
I registered for a (pty) Ltd company and since I have the company have not made an profits as the company is not operational as yet, what steps should I take to get a tax clearance in good standing?>
Does my business need to be making a profit for me to register it for tax?
Written by Marc
Posted 10 June 2014
Does my business need to be making a profit for me to register it for tax?
How do I register my small business for tax?
Written by Marc
Posted 10 June 2014
How do I register my small business for tax?
My tax reference number?
Written by Marc
Posted 10 June 2014
What is my personal tax reference number?
What is PAYE?
Written by Marc
Posted 10 June 2014
What does PAYE mean and what is it used for?
Someone did my ITR12 income tax return and now wants R6000 for doing it, is that normal?
Written by Marc
Posted 8 June 2014
Someone help my husband at work he received R20 000, but now he must give this person 6 thousand is it legal he never even inform us about the money?
SARS App issues!
Written by Marc
Posted 6 June 2014
I recently did my return for 2012 on SARS App via my ipad on the 3rd of June 2014. The return went through correctly and SARS owes me R6576. They (SARS) sent me a letter back but I cannot read or action it because Apple does not have a flash player. What do I do? I cannot read the contents of the letter.
Do I pay tax on interest in RSA when living and working abroad?
Written by Marc
Posted 6 June 2014
I am a South African but I have been living and working in Thailand for almost 4 years, and thus pay no tax in SA. I only visit SA for about 20 days a year.
I recently married an Australian and we want to open a fixed-deposit account in SA to make use of favourable interest rates.
If we both continue to live and work in Thailand, do we need to pay tax on the interest earned on that account? It will be about R100 000 per year.
Why pay tax when u a not unemployed????
Written by Marc
Posted 6 June 2014
Hi! I been receving a sms on my phone that ( it say Dear Taxpayer,your account for Income Tax Number ******3150 is R7101 in arrears.Make payment urgently to avoid legal action.but I do not have an income, I do not have a job!
Tax enquiry regarding deductions and insurance payouts?
Written by Marc
Posted 6 June 2014
A client has broken his fingers and cannot perform his work commitments as a personal trainer and actor. He is trading as a sole proprietor. First question is, will he be taxed on his payout for impaired benefits from his insurance company? Secondly, what supporting documents need to be submitted to the insurance company for this payout? Thirdly, what expenses can be deducted from a client who is either a model/actor that is paid via an agent?
Can a former student reclaim tax paid while working as a student?
Written by Marc
Posted 6 June 2014
When I was a student, I worked for a corporate (twice - 2012/2013, and 2013/2014) and paid SARS income tax on the money I earned. Can I reclaim this money?I do not have the pay slip, but I do have the IRP5 forms. Even though it is about 24 months later, can I still reclaim it? Are students required to pay tax?
What is a 'Tax Return' and who has to fill it in?
Written by Marc
Posted 6 June 2014
What is a 'Tax Return' and who has to fill it in?
How does one get into arrears with SARS?
Written by Marc
Posted 6 June 2014
How does a person get into arrears with Sars?
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