Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
I am a urologist working in an 8-partner practice. We are a partnership, and income and expenses are shared equally. My only income is my share of income from the practice. I have always kept a log book for vehicle expenses incurred by myself in the course of my work and have in the past claimed back actual expenses incurred under "Other Deductions>Travel Expenses (no allowance - commision income)". I did this because each partner is responsible for his own travel expenses. As such, these expens...
Written by Marc
Posted 7 December 2015
Hello Team,
I got a response stated below against audit of my tax return, could me please assist to understand the response? Am I going to get my refund as per the submitted tax returns or not?
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We refer to the verification of your assessment for the 2015 tax period. Please note that no adjustment has been made to this assessment. However...
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 4 December 2015
I have submitted my tax return for this year but have been told they won't pay out until I submit my outstanding tax returns from last year (fair enough). I wasn't earning a salary for most of last year but I believe I still need to submit the IRP5 which covers the last month of my employment with my previous company from that year. I got hold of my previous company and they sent through the form really quickly but I can't figure out how to submit for a previous year on SARS eFiling. The SARS he...
Written by Marc
Posted 4 December 2015
Written by Marc
Posted 4 December 2015
Written by Marc
Posted 4 December 2015
Written by Marc
Posted 4 December 2015
Written by Marc
Posted 4 December 2015
I am currently employed by a company and earn a fixed monthly salary. I have however started manufacturing and selling goods in my private capacity, completely separate from my company. A typical order would be to the value of R20 000 (turnover), with a total cost-of-sale of R10 000, leaving me with R10 000 profit. I can receiver anywhere from three to twenty orders in a year, with no guarantee of regularity. I have two questions:
1. Do I need to register as a provisional tax payer, or would it be more tax-efficient to register as a sole proprietor or a cc, taking into account the administrative time and costs (paying an accountant etc. )?...
Written by Marc
Posted 3 December 2015
Written by Marc
Posted 3 December 2015
Written by Marc
Posted 3 December 2015
Written by Marc
Posted 3 December 2015
I have been requested to submit additional documents. Turns out that I hadn't included the interest earned (I wasn't aware that I had to do this)
After getting the certificates and checking I noticed there is a R200 difference on the amounts their assessment had and the total on the certificate. When I called SARS and spoke to the consultant she said I had to fill out an objection and submit with the documents. I started with that but noticed that the request a correction button is active. ...
Written by Marc
Posted 3 December 2015
Written by Marc
Posted 3 December 2015