Should pensioners submit a tax teturn?

  Written by Marc   Posted 8 November 2015

My parents are 84 and 78 respectively. They receive a monthly pension income of R140 000 /a and a contribute to a medical aid of R 22 500 /a. They dont have They have limited medical expenses not covered by the medical aid. Do they need to submit a tax return?

Must I still pay tax if company deducts PAYE?

  Written by Marc   Posted 8 November 2015

Must I still pay tax if my company deducts PAYE?

How can I find out why I'm being audited?

  Written by Evan   Posted 6 November 2015

I've done my tax return Ok. I received an SMS that I am being audited and that I will receive the amount of refund on 1 Dec. Why must I wait so long, and how can I find out why I'm being audited?

Lapses on cancelled policies

  Written by Evan   Posted 6 November 2015

I am at the part on my tax return which asks - Did you receive any money for work that you were taxed on, or money for restraint of trade, which you then had to give back to your employer? These are amounts refunded as per s11(nA) and s11(nB).

I am currently a financial adviser and we incur lapses on policies that were cancelled. This money is taken away from us. Do I use that amount here?

Travel allowance for commission earner

  Written by Evan   Posted 6 November 2015

I am currently at the travel allowance part of my tax return. This question arises. Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. My answer is no as those source codes do not appear on my IRP5. However I am a full commission earner and keep a logbook. Where will I input those figures/amounts?

How much tax will I pay when receiving a provident fund upon leaving my company?

  Written by Evan   Posted 6 November 2015

How much tax will I pay when receiving a R102 000 provident fund upon leaving my company?

Capital gains tax exemption

  Written by Marc   Posted 6 November 2015

I have to calculate capital gain on a rental property ( not a primary residence). It seems we can deduct a R30 000 natural person exemption. Does SARS eFiling automatically take off that R30 000 or am I supposed to put it in somewhere?

What does "auto finalised" mean?

  Written by Evan   Posted 6 November 2015

My son has been audited, then it went to anther department, that department said that it would be auto finalised 28/10/2015, but still no money...

Do I submit returns for the years in between a full-time job where I studied and worked for myself?

  Written by Marc   Posted 6 November 2015

What happens if I started my first full-time job at the beginning of 2012 and submitted my tax return correctly (getting no refund, of course)... But then I quit the job in January 2013 and went back to study for the year of 2013? I assume I didn't have to submit for that year off? (I didn't). I then started freelancing and working for myself throughout 2014. Do I need to submit a tax return for 2014, even though as a freelancer I made less than the threshold?

Parking expenditure

  Written by Evan   Posted 6 November 2015

As a SARS commission earner, can I claim my parking expenditure charged by my office?

Rental income In Community of Property split not recorded on IT34

  Written by Evan   Posted 5 November 2015

On my IT34 - for my rental income profit - SARS did not perform the 50-50 split for being married in community of property and so the full amount was used to calculate my tax owed. Would I file a dispute claim for this? It seems strange that last year SARS did the 50-50 split and this year they haven't.

Can I claim gap cover on my tax return?

  Written by Evan   Posted 5 November 2015

I had depleted my savings last year on my medical scheme and had a self payment gap to cover and then annual threshold benefits would kick in. Can I claim the self payment gap on my tax return?

How do you claim entertainment expenses

  Written by Marc   Posted 5 November 2015

How do you claim entertainment expenses. The expenses that are directly related to projects and to a client is reimbursed by the company. Expenses related to business development or non-client related are not reimbursed. I have receipts for these, but canâ%u20AC%u2122t really tie it to a client per se. I may be able to tie it to a specific meeting in my calendar or a log of meetings that I keep.

Do I need to pay tax and why?

  Written by Marc   Posted 5 November 2015

I am a South African university student, currently working at the university library as a library assistant. I get paid not more than R3000 a month. I received a call today from the Human Resource department saying that I must pay tax. I have never paid tax before and I was not informed in my contract that I will be asked to pay tax at the end of the year. This is my 8th month working.

I want the amount of UIF I must pay if I earn R65 000 Basic Salary and R15 000 car allowance?

  Written by Marc   Posted 5 November 2015

Hi Tim, I female single mother of one and earn basic salary of R65 000 and car allowance of R15 000. 00. What should my UIF contribution be? What is my tax deduction be?

Pay income tax

  Written by Marc   Posted 5 November 2015

I pay tax from my salary, that's what it says on my payslip, do I further need to pay income tax this year if I only started worked under 6 months and earned R58330 as a whole (without deductions)?

Medical not included in salary

  Written by Marc   Posted 4 November 2015

For the last few years my employer didn't include their portion of my medical in my deductible salary, so there was no PAYE paid on it. I did receive my annual paybacks from SARS on the medical tax certificate I submit through our accountant. Now I owe SARS money and my employer is expecting me to pay it back. Am I liable for this even though it was not a mistake on my side?

What supporting documentation is required for source code 4027?

  Written by Marc   Posted 4 November 2015

I have been requested to submit to SARS A4 copies of the relevant material in support of the following declarations:

For source code 4027, depreciation of R6,299. 00 has been assessed against my ITR12 tax return and I have been asked for supporting documents. I purchased a laptop with my own money that I use after hours to catch up on work. What document needs to be submitted and what should it state?

How do I treat travel costs that are reimbursed to me after I have paid for them?

  Written by Evan   Posted 4 November 2015

I am a consultant who travels. My company then reimburses me for my travel costs. How do I treat this in my tax return?

Reclaim attorney costs

  Written by Marc   Posted 4 November 2015

Good day
I want to find out, I've bought a flat and it was registered in March 2015 on my name. Can I reclaim the attorney fees and where I complete it on the tax form, in other words, costs of Duty, transport costs, registration of deed
Thanks

Duplicate expenditure for both employment and freelance monies earned

  Written by Marc   Posted 4 November 2015

I am permanently employed and work from home. I also have a freelance business that I run after business hours, using the same equipment (laptop, printer, office furniture) and space that I use working for my permanent employer. I have noticed that under the "Tax Deductions" and "Business and Rental Income" sections that there are duplicate questions regarding depreciation, travel costs, lease and electricity expenditure used during earning my monies. Do I complete both sections with the same in...

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How can my payment be audit twice.

  Written by Marc   Posted 4 November 2015

I submitted my tax return via SARS eFiling on the 1st of July 2015. I was not selected to be audited. I did not get my refund as usual. When I contacted SARS they said that my payment is being audited. On the 30th of September I received a letter stating that I must submit supporting documents. The documents was submitted on the 1st of October. A completion letter was issued on the 3rd of November stating that my assessment was not changed. When I inquire now I am told that my payment is being a...

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Where do I declare the bond amount on rental income?

  Written by Evan   Posted 4 November 2015

I'm stuck in the section where I declare the rental income for a house I was renting out. I don't see where I put total I spent on the bond to justify that it was a loss against the rental income and the expenses incurred. Where do I do that?

Travel Allowance & Company Provided Vehicle

  Written by Marc   Posted 4 November 2015

Please advise if you are able to claim if you receive a travel allowance and use a company provided vehicle during the day to visit clients?

Can you claim any expenses against income code 3714

  Written by Marc   Posted 4 November 2015

Can you claim against income code 3714
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