Can a sales representative claim on car installments?

  Written by Marc   Posted 28 September 2015

I just started a new position as a sales representative, and the car I am currently using is quiet old. As I will be travelling a lot to see clients I would like to buy a new reliable car. Would I be able to make a claim on the monthly installments for this new car, as it will be used mainly for work? If so, what percentage can I claim?

SHOULD I BE EVEN PAYING TAXES?

  Written by Marc   Posted 28 September 2015

I lost my job 5 years ago, but I get part time work now and then. I have just filed for this year and average about R15k for the year. But am now being made to panic saying I earned too low and SARS will question this. But what are you supposed to do if that is what you got. I see that you mention we should only pay taxes when we earn a certain amount per year, however the part time work I do never gets me that high, BUT the company I do the work for is an NPO and stated they by law have to take 25% from me each time I earn from them. Yes, I claim it back, but what is the point if now you get questioned for earning too little as well? Should I be getting taxed at all?...

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When will money show into my account

  Written by Marc   Posted 27 September 2015

SARS owes me money

How do I dispute an Additional Assessment issued by SARS that is not correct?

  Written by Marc   Posted 27 September 2015

Hi Tax Tim

I am very pleased with the work that you are doing here. Keep up the great work!!!

I submitted my tax return to SARS about a month ago and they selected me for verification/an audit because I had a refund payable to me. I submitted all the documentation they required (logbook, receipts etc), but they have recently responded with an addditional assessment stating that I owe them money - which cant be the case, as I am a 100% commission earner (with no basic salary) and I dont have a tax directive...

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Request for Supporting Documents but I have not been employed for 3 years

  Written by Marc   Posted 27 September 2015

SARS is asking for supporting documents related to my tax return but I have been unemployed and living abroad for three years! I don't have any of the documents they are requesting. I still pay provisional tax and submit that tax return dutifully. I read that I must swear an affidavit at a police station but I am currently not in the country and won't be back for several months - they need these supporting documents in 21 days. What must I do? (I did email them, asking them what to do, but they ...

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ITA34- Gives 0.00 as Net amouny payable but tax calculation result is "-18K".

  Written by Marc   Posted 27 September 2015

I submitted tax return (ITR12) for year 2013-2014 via SARS SARS eFiling and calculator shows that amount is -18K. But
ITA34 Notice of Assessment show "0" amount as net payable. What does this mean because I should be expecting 18K refund as per tax calculation pdf generated. Why ITA34 says "Net amount payable under this assessment after allowable credits
Compliance information:0. 00"???? Please help me to understand this.

My total taxable return is higher than normal, am I being punished for bonuses received this year?

  Written by Marc   Posted 25 September 2015

Hi Tim, I have recently completed my tax return. I received a first assessment that said I owed SARS 7630 but I was selected for verification. After the verification process, I received another assessment that reflected R0 amount. But it appears I still owe the initial 7630. Firstly, I don't understand the different conclusions reached in the two assessments and why the first one appears to hold still. Second, my total taxable income for the year being assessed is unusual in the sense that it in...

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What is an IRP5 from my employer?

  Written by Marc   Posted 24 September 2015

What is a IRP5 and who can claim the money from SARS?

Can I claim a fixed cost travel deduction if I receive a reimbursive travel allowance?

  Written by Marc   Posted 24 September 2015

I am needing to do tax returns going back to 2010!! If I received a reimbursive travel allowance (reflected under code 3702 on my IRP5), can I claim a travel deduction based on the fixed cost method?

SARS refunds and monetary gifts

  Written by Marc   Posted 24 September 2015

Do monetary gifts and my SARS tax refund count as income received?

Audit

  Written by Marc   Posted 24 September 2015

Hi Tim... I was flagged for an audit and SARS also phoned for alternative documents. I have 2 questions. One is... SARS office says that after the email was send to the bookkeepers notifying us of the " audit" it takes 30-90 days to complete and that they are not allowed to take any longer than that. How true is this and two.... Based on what evidence can SARS refuse to pay out your refund to you? I have been submitting my tax return for the last 7 years now, always got my money within 2 weeks ...

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PAYE on retrenchment.

  Written by Marc   Posted 23 September 2015

Do you deduct PAYE when an employee is being offered a retrenchment package.

Can Tax Tim help a 100% commission earner

  Written by Marc   Posted 23 September 2015

Will Tax Tim be able to assist me if I am a 100% commission earner and have many different expenses that I should be deducting or should I rather go to a tax practitioner?

Filing past tax returns ?

  Written by Marc   Posted 23 September 2015

How do I file my past tax return on eFiling from 2012?

I began working in January 2012, would I still be liable to file for a tax return for the period Jan 2012 - 28 Feb 2012???

Please advise?

Could I claim all contributions and additonal medical costs for a dependant parent of 73?

  Written by Marc   Posted 23 September 2015

This question is about medical tax credits. I am a 73 year old pensioner. I thought that if I was a dependant on my son's Discovery medical aid, then he could claim form his tax the full contribution for me (being over 65) and also any additional medical costs I incur which are not covered by the medical aid (the full amount). Am I correct?
And I will tell my sons about this terrific service. Thanks

Tax on pension fund employee and employer contribution

  Written by Marc   Posted 23 September 2015

If my gross salary is R14000. And the employer now decides to join a pension fund and will contribute 5% and the other 5% will be a deduction from the employee. How much is the taxable income now?
Does it stay R14000 since the R700 now becomes part of the employees income and will be deducted before tax? and the employees contribution is just a normal deduction and not tax deductible?

Money not deposited

  Written by Marc   Posted 23 September 2015

I make my returns 2wks back and now if I check my efiling account there is -R20 323 reflecting on my statement account the problem I dont know what makes my money not deposited, and in status it says (waiting for supporting documents )what does that mean

Is it possible to claim a refund since I was paying tax from 2008 until 2011?

  Written by Marc   Posted 23 September 2015

I was paying tax for from 2008 until 2011 and I didnt take my refund so I want to ask if possible to claim my refund?

Tax on additional incmome from a private owned company.

  Written by Marc   Posted 23 September 2015

I run a small business on the side line apart from my normal Job at a Big Company. Must I declare any money I use from that company as the company director as part of my personal income tax?

How to declare additional income for freelance work done locally?

  Written by Marc   Posted 22 September 2015

I did some freelance web design work on a once-off basis for a local company, how should I declare this income on my tax return?

Am I entitled to any tax returns?

  Written by Marc   Posted 22 September 2015

Am I entitled to any tax returns?

My employer for 2012 is deceased and the company has shut down

  Written by Marc   Posted 22 September 2015

I have submitted my tax return, but they need me IRP5 for 2011 and 2012. My employer for 2012 is deceased and the company has shut down. We have never received our IRP5 from them

so now I cannot get my refund. What can I do?

I have no medical aid.

  Written by Marc   Posted 22 September 2015

I do not have a medical aid. Can I claim for my medical expenses?

Do I qualify to give an it3 certificate to an shaare holder?

  Written by Marc   Posted 22 September 2015

I started a small company with a friend a year ago, she recently needed money and although our company is not profitable yet I offered to buy her out at double her original investment. I paid her in cash. She is requesting a IT3 tax certificate for the money I paid her, how do I do this?

PAYE Deduction?

  Written by Marc   Posted 22 September 2015

As a salaried employee, I have been paying my own Retirement Annuity Fund, now the Company reimburses me, backdating it for 24 months, would there be any PAYE deductions on this?

thank you so much
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