Did the employer calculated my PAYE correctly?

  Written by Marc   Posted 8 October 2015

Please assist with these calculations:

I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A further bonus amount of R28 485 was to be paid plus R 1360 for travel claim. My payslip reflects a PAYE amount of R20691. 76. Is this correct? I think the employer got it wrong.

Is deducting PAYE and UIF from non S.A Citizens with no work permits permissible ?

  Written by Marc   Posted 7 October 2015

Can PAYE and UIF be deducted from non South African citizens who do not have work permits?

Business travel expenses for individuals vs. businesses

  Written by Marc   Posted 7 October 2015

Hi Tim, I'm considering taking a contract position. I live in Durban and the position is in Johannesburg. Which means I will be commuting weekly to Johannesburg and spending the weekend in Durban with my partner. Including the travel expenses and extra accommodation in my hourly rate drastically increases the tax that I will have to contribute, which means the opportunity is not that lucrative. I end up losing. Would it make more sense for the business to cover the cost of my weekly flights and ...

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Calculation of PAYE

  Written by Marc   Posted 7 October 2015

Calculation of PAYE. Earnings include allowances(standby, acting, travel and cellphone). UIF, medical aid and pension fund are deducted.

Check if audited

  Written by Evan   Posted 7 October 2015

Will you check if I am being audited and if how much is due to me?

Why has SARS not given money up to now?

  Written by Evan   Posted 7 October 2015

I submitted and received a message that SARS gave me money and released into my account, but it is more than two months now and the money is not there. Help!

Claiming back tax, how do I do it and how does it work?

  Written by Marc   Posted 7 October 2015

What does tax returns include? I'm new in the employment sector and I don't really understand how this works. I know that I pay tax every month over R1000. Last year I was also taxed for a seasonal job I did as a student, being an exam assistant for the department of education in the eastern cape and I was told I can claim back my tax, how do I go about doing that? I am just interested in knowing how to claim tax back.

I am paying to much tax, what now?

  Written by Marc   Posted 7 October 2015

I did the tax calculator and my company is subtracting 5 times the amount of tax that I should pay from my salary each month. When I asked them About it they said they have a system that works it out and didn't want to help me. What should I do now?

What are the requirements to claim vehicle depreciation?

  Written by Marc   Posted 6 October 2015

What are the income requirements to claim vehicle depreciation?

If commission forms about 25% of my yearly income, and my vehicle is used extensively to travel between clients (core part of the job), can I claim depreciation of my vehicle against my income?

I don't receive any travel allowance or fuel etc. I keep a logbook and can prove travel % to work/personal. Thanks.

Travel expenses self-employed

  Written by Marc   Posted 6 October 2015

If I am self-employed - how do I claim for travel expense when completing my Tax tax return?

PAYE monthly deducted from a monthly salary of R20000

  Written by Marc   Posted 6 October 2015

How much PAYE monthly deducted from a monthly salary of R20000

Are cleaning services deductible as an expense when you have a home office?

  Written by Marc   Posted 6 October 2015

Do cleaning services qualify as a deductible expense when you work from home?

Will I eventually get the money owing to me or will there be another problem

  Written by Marc   Posted 6 October 2015

I have money due to me by SARS. After phoning and requesting why my money was not paid to me I had to go in with 3 month bank statements, certified copy of my id and proof of residence. After still not getting the money due to me I was told to email SARS stating I was not working 2008 and 2009. After doing so I received a call saying I now need an affidavit stating I wasn't working those years. I now have to go back and sit in those queues. The funny thing is the last 3 years I owed them money t...

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Register Yes or No for a company?

  Written by Marc   Posted 6 October 2015

I am a bit undecided if I want to register a new Pty Ltd due to all the tax requirements. For the moment there will be no employees as it will be a part time business for myself in which I will provide financial services and consulting. Please assist in advising me if I will need to register for PAYE and also income tax, even though the business will be very small and start off with less than R50 000 income per annum?

Tax number

  Written by Marc   Posted 6 October 2015

I have to claim my monies from my previous employer so they want mentor have a tax number. PLEASE help me

CGT tax rebates

  Written by Marc   Posted 6 October 2015

How does capital gains tax work on shares. I sold shares and need to calculate the CGT. The base cost is R99 per share. Do I get a rebate? Is this a once of rebate or a yearly rebate?

Difference in tax treatment if employee went on Business visa

  Written by Marc   Posted 6 October 2015

Dear sir,

If an employee goes to South Africa on business visa and receiving allowance there only, tehn what will be the tax implication on that income in South Africa

Car Allowance Cap Limit

  Written by Marc   Posted 6 October 2015

To whom this may concern. I have a question regarding car allowance. If the allowed car allowance based on value of the car, total mileage and business mileage comes to R100,000 but the car allowance claimed for the entire year is only R66,000, does that mean SARS will only authorise (CAP) car allowance of R66,000 or R100,000

Provident fund value not reflected on IRP5

  Written by Marc   Posted 6 October 2015

My IRP5 does not reflect my provident fund value. Please advise if the new ruling is that no tax on provident funds be deducted by employer. Year/2014/2015. I have a huge amount to now settle SARS

DSTV Subs- can one deduct for tax?

  Written by Marc   Posted 5 October 2015

Can one deduct your DSTV Subscriptions and to what extent if one if an Investment Adviser?- Channels that I must have is Bloomberg, Business Day TV, CNBC Africa

How much tax is required if you earn R17500 per month

  Written by Marc   Posted 5 October 2015

What is tax figure if you earn R17500 monthly and you contributing R810 provident fund

Subsistence Allowance

  Written by Marc   Posted 5 October 2015

We give our employees a subsistence allowance of R 120 per night spent away (Meals and incidental) from home. From my knowledge, I know that this this allowance is not taxable thus no employees tax may be deducted from the subsistence allowance regardless of whether the deemed amounts have exceeded or not. Is this correct?

Micro Business

  Written by Marc   Posted 5 October 2015

The First R200 000 dividends paid during the year of assessment by the micro business is exempt from dividends tax. The Micro Business cannot deduct any business expenditure. What does this mean, can I then not deduct vehicle expenses, donations, etc..

Tax on Casual Labour.

  Written by Marc   Posted 5 October 2015

I have a Micro Business registered for turnover tax. Must I deduct tax or pay tax if I hire persons from the street to help me load and setup equipment?

I normally hire people of the streets to help me load and setup equipment for events at the place of the event. The amounts always varies between R2000-R3000 for 2 days, 3-4 Persons.

No IRP515 = no tax refund

  Written by Marc   Posted 5 October 2015

I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental income but for both years I made massive losses due to expenses, high interest rates, bad debts etc. Does the lack of IRP5 automatically disqualify me from any refund due to me by SARS?
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