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Can you assist with complicated tax return, involving extra income, provisional tax etc?



George says:
23 November 2015 at 14:08

My situation is pretty complicated. I am a provisional tax payer. I earn extra income for 3 properties, but also from a side business. All goes through my own personal bank account, so it is personal tax all of it. I am fully employed, however I was retrenched in 2014 June. I have an income protector and claimed from it for 2 months, until I started work again in September 2014. I have retirement annuities, medical aid etc.

Am I able to use your services effectively and accurately in order to save money, pay as little as possible extra tax and file in as short as possible time.

TaxTim TaxTim says:
23 November 2015 at 15:33

We do cater for these types of tax returns, you will have to follow the questions carefully though and answer for each rental property one at a time. You can complete your tax return very quickly with our service and we also check the accuracy of each tax return before filing it with SARS.

George says:
23 November 2015 at 16:13

Thanks for the reply.

Because I am a provisional tax payer, do I automatically get an extension till the end of Jan 2016?

What about the retrenchment policy income? How does that work with the filing? Is that easier to submit than I think?

TaxTim TaxTim says:
23 November 2015 at 17:01

Yes, your due date is only 29th January 2016. A retrenchment payout will be taxed at source, so the tax will be withheld before payment to you and an IRP5 will be issued. So this would be available to us which you can import when you go through our system.

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