Written by Marc
Posted 30 January 2014
Written by Marc
Posted 28 January 2014
I live with my Parents and have been running a very small business for about 6 years now, by small I mean very small less than R35 000 turnover per year. I have been doing my eFiling all the time and have never had any problems from my side and from SARS' side. I have just done my 2013 returns and the only difference from last year is that I have made my business even smaller with less turnover and profit, now suddenly I receive a mail saying I am under review and I must submit supporting docs. ...
Written by Marc
Posted 27 January 2014
Written by Marc
Posted 24 January 2014
Written by Marc
Posted 24 January 2014
Written by Marc
Posted 23 January 2014
Written by Marc
Posted 22 January 2014
Written by Marc
Posted 22 January 2014
Written by Marc
Posted 17 January 2014
Written by Marc
Posted 16 January 2014
Hi Tim, I have started a small web design business with a turnover of just under R60 000 per year. I am struggling financially, so my father has been helping me with another R60 000 per year as a donation. I have read on the SARS website that as a sole trader if I earn less than R250 000 per year I do not have to register with SARS and I have no need to register for VAT. My question is, do I need to register with SARS for income tax as my income falls under the threshold without the donation or ...
Written by Marc
Posted 15 January 2014
Written by Marc
Posted 14 January 2014
Written by Marc
Posted 14 January 2014
Written by Marc
Posted 10 January 2014
Written by Marc
Posted 10 January 2014
Written by Marc
Posted 9 January 2014
Written by Marc
Posted 8 January 2014
Written by Marc
Posted 8 January 2014
Written by Marc
Posted 30 December 2013
I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a bank account there, as well as unit trusts & shares. I left SA shortly after studying so never had a job there/ paid income tax/ registered with SARS. Although I still visit the country on occasion, I am no longer a resident there. I would like to consolidate all my SA assets (have it all in one place) so I would like to "cash out...
Written by Marc
Posted 26 December 2013
Hi Tim
I made a mistake on my tax return and included my employer contribution plus my own contribution to the company pension as well as my RA contribution under the RA section of the ITR12 as I was confused by the note that came up on screen saying the amount should also include the pension amounts appearing on the IRP5. I was uncertain but erred by putting down the full pension and RA contribution amounts.
However, I think this flagged me for an audit (never happened bef...
Written by Marc
Posted 19 December 2013
Great website
I submitted my tax return, via eFiling, and made two corrections (Re-filed) the one was a medical expense correction where I was a few rand off, and the second was depreciation of an iPad for business use (Calculated for 50 percent business and 50 percent personal) - On the initial return I depreciated the full amount (R2033) and on the third correction on my return I depreciated over three years (R190)
I submitted documents for review and audit, and today I received a SARS letter request to submit documents review for the R2033 amount. For some reason SARS is not picking up my third e-filling correction....
Written by Marc
Posted 15 December 2013
Written by Marc
Posted 14 December 2013
Written by Marc
Posted 12 December 2013
Written by Marc
Posted 10 December 2013
Do Your Tax Return Easily