I have invested in 4 properties to rent out to provide me with income. The total income I am recieving each month is R 18 000. I am 60 years old and have no other income. The properties are all in my name. How much tax will be payable on this monthly amount considering that this is my primary income.
I am about to start 2 different half day jobs. In the morning I work for an organisation and in the afternoon I work for an individual. Should I expect the individual I work for to deduct PAYE or should I put it the PAYE amount away and pay it as personal income tax?
I received rental income in 2016 tax year, but didn't pay provisional tax. On my ITA34 I am not registered for Provisional tax, but on my SOA, requested one day later, it states that I am registered for Provisional Tax. What are my options now in order to pay the minimal penalties/interest? Do I rather not submit the late IPR6 tax returns and only specify the rental income when I submit my next Income Tax Return? Also, how does the fact that I am married in community of property influence ...
I contract for a UK based company and and paid in Rands each month - a salary, and all my expenses. Currently I pay a tax person in SA to do my tax (I am paid in full and then it's my responsibility to sort my tax out), however I haven't received any rebates from SARS for 3 years despite all my expenses, including travel, office rental, parking (all business related). Wondering if you can help? Would TaxTim be able to deal with my provisional tax?
I work as a sole proprietor in the travel industry where I earn commission. I work from home and have to look for my own business but I work through a travel agent who collects the money on my behalf and they pay over my commission monthly. Can I register for Turnover Tax? My income is below R1m per year but I am worried that I may be classified as a personal service provider as more than 80% of my income comes from one source namely the travel agent and not the individual clients.
Hi, I have registered as a provisional tax payer and did my tax return in August. My rental expenses (levies, interest and taxes) are greater than my rental income I earn. Do I still need to file the provisional tax payer tax return now and see if any payments are due?
I have paid for your services for my personal income tax, but haven't received any of my tax information yet (for investments, medical aid etc). Must I just wait until those all come later in the year and send them thro...
My company was registered with CIPC last year in March 2015 and when I went to SARS to submit my ITR14 they say I must register online but before I submit the ITR14 I must firstly submit the IRP6. I would like to know firstly as to how do I calculate my IRP6 and when do I start to calculate since as I said my company was registered last year?
I operate a sole proprietor providing services to various companies on an "in need" basis on short and medium tem basis. I operate at my client place of business however the latest client has started deducting PAYE from my invoice at a rate of 33. 3% although I am not on a fixed contract and will not derive more than 80% of my annual income from them. Are they entitled to do this and how do I reconcile these deductions as a provisional tax payer?
I own a small business - registered with CIPC as a private company. I am the sole director of this company and currently get paid a salary by the company. Should I be registered for PAYE, UIF and WCA for the income in the form of the salary or are provisional tax payments sufficient.
If I am a sole proprietor and am registered for PAYE/UIF, as I employ one individual, and have paid PAYE for myself during the 2015-2016 tax year so that I don't get hit with a big Income Tax bill at the end (this is over and above the two provisional tax amounts I have paid) - how do I declare this tax paid on an IRP5? Do I declare an income amount even though my accounts have not been finalized or do I leave the income amount blank but complete the 4102 PAYE code on Easyfile?
Good day, I have not paid my provisional tax that was due on 29 February 2016 due to very little money coming in and low on funds. Will all be in order if I don't pay, but can make the full payment on or before the 3rd optional payment?( September if I am correct)
I pay provisional tax and have 2 contractors to whom I pay FEES (commission) on sales leads that they generate for me. My question is: I wish to use the services of my daughter-in-law (same surname as mine) in a similar capacity so will SARS see this as shifting my tax burden to avoid a higher bracket or will I be allowed to book this family member as a legitimate earner in her own right? I would maintain a payments register and her fees would be paid over periodically to her banking accou...
If you have a sole proprietorship, a medical practice that provides wound care for patients at home. There is only two employees. The owner (the nurse that does the wound care) and one person doing the financials and administration. The business is not registered, but the nurse has a practice number. How would you submit the tax return (as personal tax return/business?) and what deductions could you claim?
I have a contract with an employer for a minimum of 40 hours per month from April 2016-September 2016. They should be paying tax for me on this. I will likely be doing some other freelance work during this time (and for the remainder of the tax year). Will I have to register as a provisional taxpayer for the freelance work? And as a provisional taxpayer, when do I need to register for the 2017 tax year, and will I only have to pay tax twice per tax year, or still a PAYE amount per month?