How to calculate travel expenses?

  Written by Alicia   Posted 7 June 2016

I will be claiming tax back on travel for business use for the first time. I have maintained a logbook since starting my new job in the middle of the current tax year 2015/16. Please advise what the "fixed cost" is, and how I can calculate what tax rebate I should expect to receive from SARS in July.

Donations between spouses

  Written by Alicia   Posted 7 June 2016

My companion and I have been living together for many years however we are not married. He recently sold his house and the money was used in purchasing another house but in my name and not his. Will I have to pay tax on that money? We are both pensioners. I have also had to draw money from my investments to pay for the shortfall as the house I bought cost more than the amount received from selling his house.

Multiple IRP5's received for one tax year

  Written by Alicia   Posted 7 June 2016

I received two IRP5. The second is for the Lump Sum I received after retrenchment, however no tax was deducted. I tax directive number was provided. Should I enter the information as well when submitting my tax?

Tax implications if one receive a subsistence allowance

  Written by Alicia   Posted 7 June 2016

We travel for work purposes, and are considering getting a daily allowance paid instead of submitting our expenses. What is the amount allowed per day / other amounts subsistence amounts, and are there tax repercussions on this method.

How to apply for a Tax Clearance Certificate

  Written by Alicia   Posted 6 June 2016

Do you need to be audited first in order to get a tax clearance certificate? What is the quickest way and process to obtain a TCC?

How to confirm foreign banking details with SARS

  Written by Alicia   Posted 6 June 2016

Hi, Could you please let me know the procedure to confirm my Indian Bank Details. I am an Indian Citizen and working in South Africa in Work Permit. I would like to register my Indian Bank Details for tax refund. Please guide me on the 1. Fees, 2. Documents Required

And also, I would like to know the pricing for tax filing for this year.

Is all income taxable together?

  Written by Alicia   Posted 6 June 2016

If I earn a salary and then also bring in extra monies for side jobs, do I add up all the money I earn and then calculate how much tax to pay or do I keep the two amounts separate. So I pay PAYE on the salary and then work the percentage of tax separately for yhe monies. Please clarify this for me. Thank you

Tax refund on a contract position

  Written by Alicia   Posted 5 June 2016

I worked for a company from end of May 2015 to end of September 2015 on a maternity leave contract basis. The gross of this contract was over R33 000. Can I claim tax return on this and if so, do I get a payout?

Tax exemption for Offshore workers

  Written by Alicia   Posted 5 June 2016

I read a previous post about "Offshore workers" and tax exemption. I fit the profile with my work situation, but do I still need to stay out of the country for 60 consecutive days?

Tax deductibility of vehicle lease payments for independent contractors

  Written by Alicia   Posted 3 June 2016

I am an independent contractor. I do not earn any salary. I currently have a vehicle on which I claim a travel deduction. My vehicle requires replacement. I would like to know if I can claim lease payments as a tax deductible expense should I lease a new car. I have not come across any prohibition on the SARS website. This surely is in the production of income as without a car I would not be able to carry out any work at all.

I am married in community of property, how will I be taxed on an investment?

  Written by Alicia   Posted 3 June 2016

How will I be taxed as I am now retired an have invested the money and draw monthly interest we are married COP monthly 13k

Medical aid tax deduction

  Written by Alicia   Posted 3 June 2016

If I,m a beneficiary on my partners medical aid can I claim medical aid as a tax deduction?
I pay the money into his account and then the medical aid debits his account?

Can I be considered an independent consultant?

  Written by Alicia   Posted 3 June 2016

I am currently an independent consultant, however at the moment 80% of my income does come from a single client. This is because I have not yet found more clients. I am not sure if I am to be treated as an employee based on what I have found out so far. I would strongly prefer (for client and me) to be treated as an independent consultant for tax purposes. Can I register for provisional tax as an independent consultant?

Some more information:
- I'm on retainer with one client for an average of 2 days per week (16 hours per week) since March 2016. - I bill monthly as a sole prop, highlighting the work I have completed and invoice a set amount as per the retainer agreement...

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Is GAP cover tax deductable?

  Written by Alicia   Posted 2 June 2016

Can an individual claim gap cover contributions on their tax return?

Information on out of pocket medical expenses

  Written by Alicia   Posted 2 June 2016

What expenses be covered as out of pocket medical expenses. Can the vitamins, extra supplements, liposuction, any cosmetic surgeries be covered under such expenses be claimed

Can one claim Uber back as travel expense for a business

  Written by Alicia   Posted 2 June 2016

As a freelancer, can I use my Uber receipts as mileage for work?

Ho often does one submit the IRP6?

  Written by Alicia   Posted 2 June 2016

How often does (and when) provisional tax need to be submitted? I thought it was once every 6 months, but the SARS date list says it has to be submitted every month.

Which proof of expenses should I hold onto?

  Written by Alicia   Posted 2 June 2016

Which receipts should I take a picture of?
Or, which expenses should I note down in preparation for tax time?

TaxTim logbook query

  Written by Alicia   Posted 1 June 2016

My phone was stolen, and with it my logbook :( How do I get it onto my new phone?

Is dental insurance tax deductible

  Written by Alicia   Posted 1 June 2016

Is dental risk insurance a tax deductible

Members loan

  Written by Alicia   Posted 1 June 2016

I have a member loan account of approx R1m rand. I wish to reduce this by R100k by transferring this money to my personal bank account. The members loan account is interest free. What are the tax implications for my company and my personal tax? and how should I declare it on my tax returns.

Allowable tax deductions when building a personal residence

  Written by Alicia   Posted 1 June 2016

I have purchased a plot in 2015 and built a house. Are there any amounts in the purchase procedure and the building process that are tax deductible and are bad debts incurred during building deductible

How do I calculate my leave pay?

  Written by Alicia   Posted 1 June 2016

please help to calculate my leave pay

Late Objection

  Written by Alicia   Posted 31 May 2016

My 2015 tax return was finalised in Feb 2016. I did not object to the assessment within 21 days. Can I do object at this late stage?

Tax practitioner fees

  Written by Alicia   Posted 31 May 2016

Is a tax practitioner allowed to ask a fee based on a percentage of the refund I get or should they give me a quotation before the work commence?
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