Medical expenses 4008

  Written by Evan   Posted 6 July 2015

When I do my calculation my medical expenses do not show as a deduction as they did in previous years (4008)?

When will SARS refund me?

  Written by Evan   Posted 6 July 2015

I e-filed on the 1 July and immediately got a letter to submit supporting documents which I uploaded 20 minutes later. Status says "Correction Filed" and Last status date "6 July 2015" When will SARS attend to my refund? Any Ideas.

Individual Income Tax - Deduction

  Written by Evan   Posted 6 July 2015

Hi,

Please help me with the following tax question;

If a normal salaried employee paid for relocating expenses out of her own pocket, is this deductible when doing her tax return?

Thanks

Med aid gap cover on tax return?

  Written by Evan   Posted 6 July 2015

I have gap cover for medical aid can I add it on tax return?

Received a penalties statement for not submitting a return, but am not required to submit a return.

  Written by Evan   Posted 6 July 2015

I don't earn more than R350 000 per year, however when I requested my Statement of account from SARS I received a penalties statement for not submitting a return for 2010 and 2014. Why would I need to submit a return if my income is less that the R350k threshold? What do I do now?

How long after submition does it take for payout to take place

  Written by Evan   Posted 6 July 2015

Hi Tim!

I submitted my returns on the 1st of July from the SARS branch and was told there are returns due to me, however I found out days later that there were outstanding returns (2012) that I still needed submit. All that has now been done. And now I would like to know how long will it take for the funds to be in my account.

Over taxed on my salary

  Written by Evan   Posted 6 July 2015

My employer over tax me on my salary during the tax year on 1 July 2014 , they overdeducted PAYE on my salary and again on 28 Feb 2015 they overtaxed me again. In total the amount paid over to SARS was R2700.00. will this be paid back to me? I ask my employer about it but they said that SARS must refund me.

Can I claim purchase of vehicle as a expense (commission based)

  Written by Evan   Posted 6 July 2015

I am completely commission based. I recently purchased a vehicle cash. Can I claim it as expense incurred in the production of income? Or do I add it as Travel expenses (commission income)?

How long does the audit take if I declared my forms today?

  Written by Evan   Posted 6 July 2015

How long does the audit take I resubmitted my docs today?

Can I do a tax return on the money I've been taxed on last year September for provident fund?

  Written by Evan   Posted 6 July 2015

Hi, I got my provident fund last year in September 2014 from Alexander Forbes and I got a tax certificate from them. Can I do a tax return on the money that SARS taxed me on?

Tax Code 4006 is less than I supplied, it seems limited

  Written by Evan   Posted 6 July 2015

Good day,

I completed my tax using efiling but the amount that I am inputting in the SARS code 4006 is showing a lesser amount on the calculated tax result. Is there a reason why amount is being lowered on the calculated result? I supplied an amount of R25000 on the Efiling form and on the Calculate Tax result shows R7700.

I am under the R350 000 threshold but still submitted my 2015 Tax return, will I still get my money?

  Written by Evan   Posted 6 July 2015

I submitted my Tax return on the 01/07/2015. I am under the R350 000 threshold, so should I have not submitted it, will it now interfere with me getting my money?

The only expense I claim from is Medical aid. I have submitted it to SARS but I still have not received my Tax return, I haven't received any further correspondence from SARS saying I need to submit any forms and there are no discrepancies, I am owed money.

Can you apply a tax directive issued to a different employer?

  Written by Evan   Posted 6 July 2015

We have a temp employee that we would ordinarily deduct 25% tax. She has now come with a tax directive from SARS in the name of another employer that she also works for on a commission basis & ask us to apply the tax directive of 20%. Question:
1. Can my company apply this directive even if it is in the name of another company
2. Can my company apply this directive even if it is a photocopy & not the original

Statement of account was issued, does it mean my audit is finalized?

  Written by Evan   Posted 6 July 2015

I have been selected for Audit, I electronically submitted the supporting documentation after which SARS issued a statement of account, does this mean the Audit is finalized? Can I expect my refund?

SARS Refund 2015

  Written by Evan   Posted 6 July 2015

I submitted on 1 July 2015. No extra documents were asked for. Last year I received the refund within 3 days. I have still not received my refund for 2015. Did rules change for 2015?

Own Education fees, tax deductible if employed?

  Written by Evan   Posted 6 July 2015

Good day TaxTim. My question: I am currently full time employed and working partly on commission, I am also studying towards a post graduate qualification that is perfectly in line with my current occupation.

I am paying my studies out of my own pocket and not receiving anything from my employer. Can I deduct this studies as an expense or any deduction in my income tax return and under what code, because I feel that this is in the proses of earning an income?

Provident Fund and Child Maintenance

  Written by Evan   Posted 6 July 2015

Good evening Tim. Just a quick question, where do I stipulate my provident fund and that I am paying child maintenance on Sars Efiling?

Can I claim for the above?

Can I deduct student fees and text books of 4016

  Written by Evan   Posted 6 July 2015

Hi Tim,
I'm working full time as social worker and studying part time to become a psychologist. The latter earns much more than current job. My question: can I deduct my study fees and text books of 4016 Other of where else can I deduct it?

What can be claimed in case of a second property bought in the current tax year?

  Written by Evan   Posted 6 July 2015

Hi Tim,
I bought a flat in April 2014, which is rented out to students to supplement my income once I retire. What can I claim from SARS for the tax year ending February 2015, i. E. Transfer costs, bond repayment, levies, municipal services, maintenance, security upgrades? Your advice will be appreciated.

Employed Commission Earner and Investor - Where do I stand?

  Written by Evan   Posted 5 July 2015

Hello

I am hoping you can help. A few things:

My retirement annuity reflects as code 3697 on my payslip. Is this normal, does it count the same as 4002?

I receive a car allowance, but my vehicle installments, insurance and petrol costs me more, is there a smarter way of doing this?

More than 50% of my salary was commission from a single employer this year. Can I still claim fuel,l insurance and depreciation although I have a car allowance? What other expenses can I legitimately claim (i.e entertainment, networking meetings etc. ) Can I claim for expenses my company have re-imbursed me for?...

Read more →

Payments from SARS

  Written by Evan   Posted 5 July 2015

Ok so SARS owes me money. Do I have to fill in my banking details again under my online SARS eFiling profile, and which option should I choose?

Thanks

Treatment of rent with joint ownership

  Written by Evan   Posted 5 July 2015

I am married under COP and I am a housewife. Purchased an investment flat with an inheritance. This is my sole income of R3500 pm. Do I show the rental income under husband's return or do I need to register with SARs and submit my own?

Business traveling expense

  Written by Evan   Posted 4 July 2015

Claiming business travel for commission earners using their own vehicle.

Claim cell & ADSL expenses

  Written by Evan   Posted 4 July 2015

How do you claim cell phones & ADSL lines expenses as a commission earner?

How do I incorporate use of rental car on tax return?

  Written by Evan   Posted 4 July 2015

My employer-provided vehicle had to go for major repairs (gone for 2 months plus). During this time my employer rented a car for me, with which I did some business km's. How do I incorporate this scenario on my tax return?
Older posts →← Newer posts    65  66  67  68  69  70  71  72  73  74  75  76  77  78  79  80  81  82  83  84  85