What is an IRP5?

  Written by Marc   Posted 14 March 2014

What does the acronym IRP mean and what is an IRP 5?

Depreciation calculation of earth moving equipment?

  Written by Marc   Posted 13 March 2014

I need to calculate the depreciation on the following items: (all of the items is earth moving equipment)

- a bucket (which forms part of a machine)
- a TLB
- a Tandem Roller

I don't know over how many years I should write of these equipment.

Where is my tax number on my IRP5?

  Written by Marc   Posted 13 March 2014

Do my tax number appear on my IRP5. If so, where on my IRP5.

Can we combine our three taxpayers, i.e. my own, my wife and our family trust?

  Written by Marc   Posted 13 March 2014

I am a Sassa pensioner and also a property valuer working for my own account from time to time for agreed upon fees. My wife, to which I am married out of comm. of property, helps me with the travelling by driving me around in her vehicles. We pay for the fuel and services from my bank account as well as from hers and she pays for the insurance. Our accommodation and food on the road is a big expenditure. At home, which is owned by our children, we uses an office and pay rent for it. We also hav...

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Tax payable for one man business?

  Written by Marc   Posted 12 March 2014

My husband will now be starting to sub contract for his company, instead of being "employed" by them.

He will only supply labour. He will invoice them once every two weeks and the total monthly invoice will be R26,000.00.

Do we have to register his company and how will the tax work?

Understanding the primary rebate by SARS?

  Written by Marc   Posted 11 March 2014

I just started my first job. I am having trouble understanding what the primary rebate? is that is specified on PAYE STATUTORY RATES AND TAX TABLES. Can you tell me when this rebate is applicable to an individual?

good job!

  Written by Marc   Posted 11 March 2014

No question, just wanted to say this is a GREAT website and service. Will sign up before the next tax season opens for sure. So very helpful!

Donation in the hands of the receiver?

  Written by Marc   Posted 11 March 2014

If I make a donation to my child of R100k I know I don't have to pay "donations tax" because this is within my yearly allowance BUT how is the income treated in that year in the hands of my child?

Country code for Centurion

  Written by Marc   Posted 11 March 2014

what is the country code for Gauteng South Africa?

Which is the best way to maximise your return using the travel allowance?

  Written by Marc   Posted 11 March 2014

There are two ways to calculate travel allowance that is deductible. One is where you keep actual expenses and the other is where there is a table of fixed costs, maintenance etc depending on the value of the car. Which can maximise your refund? And can the capital value of the vehicle be deducted or considered besides for the purposes of determining running costs?

Company income tax registration - who should be present?

  Written by Marc   Posted 11 March 2014

Should all company members be present when applying for income tax registration?

Can I declare extra income at the end of the year, or must I register for provisional tax now?

  Written by Marc   Posted 10 March 2014

If I did some freelance work in 2013 / 2014 tax year, will I pay a penalty if I only declare my extra income when I do my regular return?

How are individuals going to experience the tax relief of 9.25 billion in the 2015 tax year?

  Written by Marc   Posted 10 March 2014

How are we as individuals going to experience the relief announced in the budget speech which made a provision bringing a tax relief of R9.25 billion to individuals in the 2015 year of assessment. as well as an estimated 40% of the relief will go to South Africans whom receives less than R250 000 a year?

Results of Notice of Objection - nothing from SARS yet?

  Written by Marc   Posted 10 March 2014

I have not received a response to my Notice of Objection which I filed in November 2013. How long does it normally take to get a response?

tTax on R15 000 and medical aid deduction and pension fund deduction

  Written by Marc   Posted 9 March 2014

Hi, what would my tax be if I earn R15 000 a month, and have pension fund deduction of R700 and and medical aid of R1 500.

What are the legal consequences for sole proprietor not registered as taxpayer?

  Written by Marc   Posted 8 March 2014

Legal consequence for sole proprietor not registered as taxpayer

CHANGE TO PROVISIONAL TAX PAYER on eFiling?

  Written by Marc   Posted 7 March 2014

I have been a salaried employee bu have now started out on my own. Can I just change to being a Provisional Tax payer on eFiling?

I freelance now and again but have a very low monthly income. Do I need to declare & register?

  Written by Marc   Posted 7 March 2014

I love your business model, very innovative.

I have a full time job and started offering to do freelance web designing for people. I have been told some conflicting information about tax, from being taxed 40% on additional income to additional income not being necessary to declare if its non-recurring.

I have a full time job and don't charge much for creating websites and there is the recurring income of web hosting that I charge clients monthly. I probably create a site once a month for about R2000 and hosting comes to a total of R400 a month (for all the sites I host). So additional monthly income is max around R2400 and that is not every month....

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How do I register a Non South African with work permit for UIF ?

  Written by Marc   Posted 6 March 2014

How do I register a Non South African with work permit for UIF ?

Do travel days count towards 183 days out of country?

  Written by Marc   Posted 6 March 2014

Do the days of travel to and from SA count as being out of country?

Tax on contract work?

  Written by Marc   Posted 5 March 2014

When working for a company on a month contract, how should the tax deducted from your salary work? Only deduct for the month or work it out for the year?

Scared housewife - I may owe tax???

  Written by Marc   Posted 4 March 2014

I have been a housewife for a very long time. I am now 63 years old. We are married outside community of property. I had a business for a short period, many years back, which failed (I have no business sense it seems) and since then my husband was giving me money every month. It was quite a lot of money at the time, but I didn't really think that it would count as a salary. I bought a house and sold it 10 years later using the money my husband gave me. I got about 500k out from that. I have the ...

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Tax on inheritance?

  Written by Marc   Posted 3 March 2014

If I inherit money from my father will I be taxed on it?

What is tax on R8400?

  Written by Marc   Posted 3 March 2014

What is tax on R8400?

Tax Return late submit fine?

  Written by Marc   Posted 3 March 2014

What is the maximum percentage of additional tax that you may be required to pay if you submit your tax return late?
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