Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Hello Tax Tim I work as an analyst full time; and in my free time I follow my passion for music and photography and take photos at festivals, clubs, pubs and other events. I have been building up a profile over the past few years of my work and now I have artists and their relative management agencies showing interest in procuring some of my images.
I have not registered a company yet, nor have I sold any images as I first want to ensure I set up my "business" and contract documents correctly so my clients and I are covered fairly and equally...
Written by Evan
Posted 28 July 2015
Hi, I have been looking at my PAYE Deductions from my employer and comparing them to the published PAYE Tables from SARS for each relevant year. I even tried to use your tax calculator which also gave the me the SARS Taxtable PAYE deduction amount. I have noticed that in the Payslips we get generated from Pastel Payroll, the PAYE deductions are roughly R150-R220 higher than the same Taxable salary deduction amount according to the SARS Tax table. I know 150 odd Rand doesn't seem like much but ov...
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
My parents are both pensioners and dependent on me financially. I pay for their medical aid, while I am on another medical aid. I have included both medical aids on my tax return, with the appropriate number on dependents noted every month.
SARS has asked for supporting documents to be submitted. I submitted: yearly contribution summaries from both medical aids, monthly invoices from my parent's medical aid addressed to me with my bank account details on them, debit order statement from my bank showing both being deducted every month as well as a covering letter explaining the situation. ...
Written by Evan
Posted 28 July 2015
An employee in my department had his salary paid into his wife's bank account. Upon the entity providing him with his IRP 5, he stated that the HR department must have requested the information which he would like to have on his IRP 5, probably because now his registered details with SARS, (banking details), will not correspond to the details on his IRP5.
Is the onus not on the employee to provide the company with valid and correct banking details?
Or can the employee change t...
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 28 July 2015
Written by Evan
Posted 27 July 2015
Written by Evan
Posted 27 July 2015
Written by Evan
Posted 25 July 2015
Written by Evan
Posted 25 July 2015
I received a reimbursive travel allowance under code 3703 of about 41 000 on my IRP5. I traveled over 8000 km and my rate was above the gazetted rate of 3. 30 for part of the year.
1) Will SARS reduce my taxable travel allowance by 30 555(8000*3. 30).
2) If I kept a log book is they a section that I will enter the deductible amount on my IRP5 and what is the code.
3) Will I get a refund if my deduction amount exceeds my taxable travel allowance amount or is it limited to ...
Written by Evan
Posted 25 July 2015
Written by Evan
Posted 24 July 2015
We are married in community of property. We are both registered with SARS. We both do not work for a employer. We receive investment and rental income on the Husbands name.
Does the Husband report all the investment and rental income on his tax return or should it be split and then reported on the Husband and Wife's tax filing? If the investment and rental income is only reported on the Husbands tax filing what should be filed on the Wife's tax filing? Should both also pay Provisio...
Written by Evan
Posted 24 July 2015
Written by Evan
Posted 24 July 2015
Written by Evan
Posted 24 July 2015