Am I and independent Contractor or a Bookkeeper for tax purposes; can I deduct a pc course as an exp

  Written by Marc   Posted 18 August 2015

I am a bookkeeper for 2 entities with the same directors, but different company and tax numbers. I invoice a fixed fee per month, but split it based on the pro-rate turnover per entity. I work form my study although I also do visit their office especially certain periods during the month - ie mid-month for invoicing and month end to balance the books. Question: Does this mean I am an Independent Contractor? Is this applicable for the 80/20 split as an independent contractor? Do they have to deduct tax from me on a monthly basis?...

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Medical aid tax credits on my ITR12

  Written by Marc   Posted 17 August 2015

Hi, I submitted documents for an audit. It has now been 24 working days and SARS can still not give me an answer. I was told to call back after 30 working days. My employer does not pay my medical aid, makes no contributions whatsoever, there is no tax credit for medical aid on my IRP5. Surely I am to be refunded as my tax was not adjusted to make provision for the tax credit. According to my IT34A I am to receive a refund, but was asked to submit documents as they have audited me.

How to declare foreign income?

  Written by Evan   Posted 17 August 2015

Hi, I have a small website that generates some commission from clicks on advertisements. I get paid in USD and GBP. The money is wired from Germany directly to my personal bank account and converted into ZAR. I don't own a formal business and it is relatively small amounts that are transferred. I also have a property that generates rental income. How do I go about declaring the income properly on my tax returns?

Are vehicle repayments tax deductable for a sole-proprietor?

  Written by Marc   Posted 17 August 2015

I am a sole proprietor in a health profession. I have an office, but I see a lot of clients at their homes or primary residence. I need a car to conduct my business, and have just bought a new car. What are the tax implications of this? Can I deduct the repayments and insurance premium as a business expense?

University fees deductible?

  Written by Marc   Posted 17 August 2015

Good Morning,
My son is 22 years old, dependent on me and is currently studying a BCom. Can I claim his living and un iversity costs as deductible?

My 2013 refund did not get it

  Written by Evan   Posted 17 August 2015

Last year I was supposed to get my refund and I did not get it. What happened?

Home expenses when working from home and commission is less than 50 % of income

  Written by Marc   Posted 17 August 2015

If you earn a fixed salary and commission from the same employer and the commission is less than 50 % of the salary, can a deduction for home office space be utilised?
The employer confirms in writing that the employee works from home only and the employee incurred expenses to set up and amintian the home office. The salary was structured in a way to also include a Travel allowance and full logbook detail is being kept

How much do I claim back from r80 000 that was taxed from my provident fund paid out by employer

  Written by Marc   Posted 17 August 2015

I have resigned at work an received my pension whereas I was taxed nearly R80 000 how much am I suppose to claim back

What must the refund amount be before SARS will pay?

  Written by Evan   Posted 17 August 2015

How much must my refund be before SARS will pay?

How do commission earners get taxed?

  Written by Marc   Posted 17 August 2015

I earn a basic salary and earn commission every month. How do I know what percentage of my commission earnings will have to go to tax? I find it difficult to manage my expenses as I never know what percentage of my money will have to go towards tax. Are you able to tell me what these percentages are based on how much one would earn?

Can I claim the contributions made to my GAP Cover scheme?

  Written by Marc   Posted 17 August 2015

Can I claim the contributions made to my GAP Cover scheme under the "not paid by medical aid"?

I want to know how much tax I should pay?

  Written by Marc   Posted 17 August 2015

What is the amount tax to be deducted from a R11000 basic salary(nett income)the only deduction I have is my pension fund of 660 / UIF of 120 and my rent of the house im renting of 2205.

Equipment depreciation

  Written by Marc   Posted 17 August 2015

I am a self employed design consultant. I purchased a laptop I use for work late 2012, and have been depreciating it for the last 2 tax years (2013, 2014). My office was recently broken into and the laptop was stolen. Am I able to still claim depreciation on it (2015), even though it is no longer in my possession?
With the insurance payout I have replaced the equipment. Am I able to claim the full amount of the new equipment, or only the difference between payout and replacement cost?

Pay out waiting period from SARS?

  Written by Marc   Posted 17 August 2015

I've submitted my tax return 2 weeks ago and saw that I've received some refund. I would just like to know how long I will be waiting as most people say that it will on take one week.

Travel/vehicle allowance not stated on my IRP5 by employer

  Written by Marc   Posted 14 August 2015

My previous employer never put a travel/car allowance on my IRP5 thought I travelled more than 40000km for them in 11 months. Can this be corrected? Unfortunately the consultant who did my returns for me already submitted without informing me before submitting about this issue. What can I do?

If one changes employment do they have to do 2 sets of submissions?

  Written by Marc   Posted 14 August 2015

I have changed Employment in November 2014. I left my previous employer end of Oct 2015 amd joined the current one in Nov 2015. I was on Travel allowance on my previous job and i'm now on a car allowance benefit. How do I go about in completing my SARS eFilling? do I need to have 2 set off IRP5's?

Charity contribution

  Written by Marc   Posted 14 August 2015

I contribute to our staff volunteer fund trust and got a tax certificate for the 2015 tax year. I didn't see any place to insert this amount.

Is tax deducted before are after pension deductions?

  Written by Marc   Posted 14 August 2015

If my salary is R15000 pm and my pension contribution is 7. 5 % of my salary, do I tax the R15000 as the gross earnings or do I first deduct the 7. 5% pension from the gross salary before calculating the tax?

I have not proof of income to verify my return for 2010

  Written by Marc   Posted 14 August 2015

I just found out I need to submit my tax return for 2010. I have submitted it and I am due a refund for 2010. However they are wanting me to verify documents. I have not claimed for any medical expenses, RA's etc. I have never ever received an IRP5 form from my previous employers since I worked there. What documents do I send to SARS, as I do not have any payslips or proof for 5 years ago.

Is payment to a Provident fund tax deductable

  Written by Marc   Posted 14 August 2015

I have just registered, I tried to connect via SARS however I was told my bank account number was incorrect. We are now waiting for SARS to set up SARS eFiling for me. In the mean time, I am not sure what to enter regarding payment for a pension fund. I pay into a Provident fund so am not sure if this is tax deductible. Only reason I used TaxTim is so I don't have to physically go into SARS. I am hoping this is still the case.

How much longer must I wait before I get my tax rebate?

  Written by Marc   Posted 14 August 2015

I have submitted my tax return on the 2/7/15. I had to submit my supporting docs on the 27/15,as I was chosen for an audit. Today is the 30th working day and still no tax refund. How much longer must I wait before I get paid out?

Tax return assessed but no refund

  Written by Marc   Posted 14 August 2015

My tax assessment was completed and verified and an additional assessment issued. My SOA reflects I am owed a refund even tho the ITA34 shows an adjustment to the original. My SOA says not selected for further verification, that was on the 15th of July and to date have not heard anything further or received a letter of completion. What could the delays be? On SARS eFiling it shoes that my tax is assessed. Thanks

How do I know if I'm due for refund is it the amount displayed in the ITA34 that's due to me?

  Written by Marc   Posted 14 August 2015

I would like to know what the ITA34 is and the amount it shows is it the refund due or what because I have submitted my tax returns for all the years and it all shows R0. 00. And I would like to understand how SARS makes calculations because my tax return for a company I worked for 1 month gave me a refund and I was earning very less than I'm earning now in the company I've worked for for 4 years but the tax returns for this company I get no refund. Many thanks and I have been reading other peop...

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Tax Refund on my personal property?

  Written by Marc   Posted 13 August 2015

I bought a property in December last year. I was wondering if I could claim any tax. Thanks

Formula that used by SARS for tax return?

  Written by Marc   Posted 13 August 2015

How do I calculate my tax contributions so I can know if I owe SARS or not?then if SARS owes me,how do I calculate the amount that I should get before I can even submit for tax return?
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