Written by Marc
Posted 10 October 2014
Written by Marc
Posted 9 October 2014
Hi There,
I just filled by 2014 tax returned through eFiling and got an email from SARS stating I have a notification that needs by attention. This was regarding my 2012 tax return and it still needed to be submitted. I submitted it soon as possible. I received three emails from SARS, the first one stating that statement of account as been issued, ITSA for the period of 2012 - 2014 and the other two emails stating I have a ITA34 notice for 2014 and 2012. I opened these notifications and the only thing stated was the period and - amount...
Written by Marc
Posted 8 October 2014
Written by Marc
Posted 7 October 2014
Written by Marc
Posted 7 October 2014
Written by Marc
Posted 7 October 2014
Hello Tim,
SARS' records show that my assessment month or fin year end is Feb. My previous accountant used the financial year end date reflected on my CIPRO company registration for compiling my IFS which is Mar. She then submitted records for until 31Mar. I'm now in the process of submitting my returns for this period and would like to align SARS records with my previous accountant's submission; that is change the assessment date from Feb to Mar.
How do I go about this and what are the possible implication? ...
Written by Marc
Posted 7 October 2014
Written by Marc
Posted 1 October 2014
Hi Tim. I worked for 2 months in the 2014 YOA. I then left work upon the birth of my child. I am the principal member of our family's medical aid (myself, husband and child) and the contributions are paid from my bank account. Since I left work, my husband transfers money into my bank account for the payment of the medical aid. Do I claim this on my tax return even though I am not employed? Should my husband claim it even if the policy is not in his name? I did have income this year so if I clai...
Written by Marc
Posted 29 September 2014
Written by Marc
Posted 29 September 2014
Written by Marc
Posted 23 September 2014
Written by Marc
Posted 23 September 2014
Written by Marc
Posted 22 September 2014
Good day
Thank for a great site.
I am a public servant and belong to a medical aid. Me and my work contribute to my medical aid on which my wife and children is dependents. My tax certificate from my medical aid is in my name and shows an amount paid out of pocked not paid by medical aid. May my wife claim this amount on her tax return? She earns less than me and will most probably fall over the 7.5%, which means that she will get some of our expenses back?
Most of the...
Written by Marc
Posted 18 September 2014
Written by Marc
Posted 18 September 2014
Written by Marc
Posted 17 September 2014
Written by Marc
Posted 17 September 2014
Written by Marc
Posted 15 September 2014
After a audit the amount that was owed to me, that had a negative, now shows that that same amount is payable by me. Almost had a heart attack. But when I read on. It says that my acc is 0.00. I don't understand why I owe them. I only claimed my cash medical payments. And been paying my tax as I should. How can I owe them. First ITA34 shows -9690.00. Second ITA34 shows 9690 payable by you. I don't have this kind of money. I think something went wrong. If they say 0.00 account in the second parag...
Written by Marc
Posted 15 September 2014
Written by Marc
Posted 15 September 2014
Written by Marc
Posted 14 September 2014
Written by Marc
Posted 14 September 2014
Written by Marc
Posted 11 September 2014
Hi Tim...Tx for your helpfull blog..i have handed in my tax forms together with the amount I claimed. When I packed my receipts etc away I noticed I made an error...I have by accident claimed for a longer period...up till September 2014. I noticed my mistake and redone it but being in a hurry I grabbed the wrong document in the morning.Needless to say I received an sms from SARS wanting me to send my receipts etc. to them.my plan was to go back on this Friday to rectify the mistake but I feel l...
Written by Marc
Posted 10 September 2014
I have been asked to submit supporting documents by SARS for verification purposes and I was wondering what the requirement is with regards supporting documents for medical expenses not covered by my medical aid scheme?
On my Income tax certificate from Discovery there are two numbers given. Firstly one number for Contributions during the period and secondly a number for 'Claims not recovered from the Scheme'. I duly included these under the requisite sections when completing my tax return. ...
Written by Marc
Posted 10 September 2014