2 IRP5s and commission

Posted 11 July 2017

Before paying the fee I just want to make sure you'll be able to help me. From March to July. I earned a normal salary but from August I earn a basic and commission. As I sales rep I'm able to write off wear and tear on my
vehicle but obviously only from August. Same goes for my laptop etc. will your system be able to take this into account?

Is RA and pension the same?

Posted 11 July 2017

I'm not sure how the deductions for my pension works as my employer has been deducting pension from my salary under code 4001. Do I still enter any amounts under annuity contributions?

Declaring other income to SARS

Posted 11 July 2017

I am full time employed but I have earned additional income by lecturing a couple of hours during the year at a different employer. This employer did not deduct any PAYE. The employer has paid me according to the hours that I have invoiced them. Should I answer the question about whether I'm an Independent Contractor as "Yes"?

View already submitted ITR12 on TaxTim

Posted 10 July 2017

Where can I find my SARS tax return I submitted for 2017 via Tax Tim to go and validate the info I captured?

Rental expenses, capital or running expenses?

Posted 10 July 2017

Please assist on the below as I cannot find additional
information within the current questions on your blog:

While not a monthly expense - it is mentioned that any expenses incurred in
earning the rental property income can be set against the rental income for
tax purposes. Does the following apply to that reasoning:

1. Installation of Prepaid electricity meter (about R1400)
2. Separating the electricity flows for sectioning off the electricity
for the rental portion of the property to the main house (we only renting...

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Company cars and travel claim

Posted 10 July 2017

I work for a motor car company and drive many vehicles, which registration number should I use?

Edit an already submitted return

Posted 10 July 2017

I submitted my tax on the 03/07 and a couple of days after that I got a new
tax statement
from my medical aid stating that the previous one is incorrect.

This regards the amount that is an additional medical expense
not covered by the medical aid, the initial amount was overstated.

How do I resubmit my tax with the new amount as I don't want any issues
later on.

Rental income for a room

Posted 8 July 2017

I have earned rental income from renting out a room in our house. How do I calculate the electricity, rates and taxes (and bond interest) deductible against this income? The room does not have a separate electricity meter, and also keeping in mind that we use prepaid electricity.

Debit interest

Posted 8 July 2017

I receive an IT3(b) Certificate from FNB but there's no credit interest earned only debit interest paid.
Does that get included on the tax return?

Saving the TaxTim Logbook

Posted 7 July 2017

I need to submit my logbook to SARS, I used the TaxTim logbook. How do I
save the logbook so that I can upload it?

Previously unemployed: Should I still file?

Posted 7 July 2017

I wasn't employed from May 2013 till July 2015. Should I still file my tax return even if I don't have an IRP5 as I wasn't working?

Tax Clearance Certificate for business

Posted 7 July 2017

How do I obtain a tax clearance certificate for a business that has only been registered but have not received any income?

SARS Verification Audit

Posted 6 July 2017

With regards to tax returns, if SARS does a verification audit can TaxTim assist with this too?

Medical Aid Expenses for previous tax years

Posted 6 July 2017

I was retrenched April 2014 but continued paying for my medical aid in my
personal capacity. I only claimed for out of pocket medical expenses and
not what I paid in my private capacity. I'm not sure If I could claim for
that and if I can now with 2017 submission claim for 2014 / 2015 medical
expenses.

Can't get my IRP5

Posted 6 July 2017

I'm unable to get my second IRP5 from my part-time employer - would I be able to access it on the SARS website?

Business Tax Return

Posted 6 July 2017

I just wanted to find out if you deal with business tax? I've recently started a company and would just like to know what SARS will want to see in respect to my accounting when I file a tax return? Essentially, what is the bare minimum if they audit?

Capital allowances written off

Posted 6 July 2017

"Capital allowances written off" I do not understand what this statement means.

IRP5 changes

Posted 5 July 2017

How come my IRP5 is different from last season? there's no code 3697 and 3698

Which option do I select on eFiling?

Posted 5 July 2017

Which field do I select on eFiling to add income (in dollars) earned from freelancing?

Deleting banking details

Posted 5 July 2017

I've submitted my tax return and I'm due a refund, without any audit done. However, SARS said I need to delete two of my three banking details as they wouldn't know where to pay the refund. On the correct banking details it has a status 'Outgoing', is this fine or should I continue to delete the old banking details?
And will this delay the refund due to me?

Travel Allowance Claim

Posted 5 July 2017

I get a travel allowance, but I use my wife's vehicle for business purposes
as we work together. Can I claim travel expenses?

How does it work when you worked 2 post in the same fiancial period

Posted 5 July 2017

I have been working as an intern at George Municipality from 1 March to 31 December 2016 and on the 1st of January 2017 I got a permanent post,i received 2 IRP5's and on them reflects that I worked 12 months in this tax period on the old one and worked 1 month on the new post and I think it is supposed to be 10 months the old post and 2 months the new posts to make it 12 months. . . Am I wrong?

Can I claim medical aid premium costs

Posted 5 July 2017

Can I claim for the medical premium that I pay for my parents? We help them financially with medical aid and other costs on a monthly basis. They are not dependents of our own medical aid - we just pay their Discovery medical aid premium.

Indemnity insurance tax deduction claim

Posted 4 July 2017

Can a pharmacist working for the government claim as a tax expense professional indemnity insurance? My income source codes on my IRP5s are 3601 and 3605.

Rental Income and bank charges

Posted 4 July 2017

Good day Tim,

Are bank costs allowed to be deducted against rental income. Also what is teh limit here - the FICA rate is R59pm fee, but some banks include it in the monthly bank facility fee say R200pm - is the 200 claimable?
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