AVS for first time tax payers

  Written by Marc   Posted 16 September 2013

Hi Tim.

I submitted my first tax returns this year. Was selected for audit even though I only claimed 2 month's worth of tax, submitted my IRP5 and waited. I see I have the AVS verification as SARS status. Is this normal for first time users or do I also need to go into a branch? I have not received a letter requesting any proof of banking yet.

Continue with TaxTim after I have paid through EFT

  Written by Marc   Posted 15 September 2013

I have paid the R199 by EFT now. How do I continue? Will you send me a message?

Employer tax free bursaries for student employee

  Written by Marc   Posted 13 September 2013

Hi,I am currently busy with my masters degree in management. I am personally paying for all my studies.Can I arrange with my employer to set a certain portion of my salary aside as a bursary which is directly paid to the University thus lowering tax for my employer and myself?Also, is it possible for my employer to claim money from the the Skills Development Levy (SDL)?Basically, I want to know what can I arrange with my employer to reduce our tax burden. My employer will be open to any options ...

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Payment still pending due to audit

  Written by Marc   Posted 13 September 2013

Thank you for returning your 2009 tax certificate. Amount due to you R980.
Thank you for returning your 2010 tax certificate. Amount due to you R980.
Payment still pending due to audit.
What does this mean?

Finalization of assessment

  Written by Marc   Posted 12 September 2013

Hi Tim,I got a letter from SARS saying: they've finalized my assessment and that no further changes will be made. What does this even mean?

How long for payment on my refund

  Written by Marc   Posted 12 September 2013

Hi Tim
My broker submitted my tax returns for 2009 - 2013, then SARS asked for a medical document for 2013. I sent this and SARS say I am getting an refund on all those years. Can u please tell me how long it's going to take for payment of the refund. There is no audit.

Not sure how to pay tax on freelance incoming

  Written by Marc   Posted 12 September 2013

For previous tax years, I've always only had my salary as income.

Since January, I've been freelancing and have been receiving payments on a monthly basis.

When should I register as a provisional tax payer? How much do I have to contribute before next tax season? Can I do everything I need to do on SARS efiling?

by wen can I expect payment from sars

  Written by Marc   Posted 12 September 2013

By when can I expect payment from SARS?
I did my return on the 03/09/2013.
They said it takes up to 3 days its been almost 9.

SARS eFiling asking for "documents for review " and "documents for audit"

  Written by Marc   Posted 12 September 2013

Why does my eFiling ask for me to submit "Documents for review" and "Documents for audit"?

When do I pay sars after submitting provisional tax?

  Written by Marc   Posted 12 September 2013

After submitting my provisional tax, when do I need to pay it? Does SARS send me a bill?

Amount due to me from SARS / due to SARS from me?

  Written by Marc   Posted 11 September 2013

How would I know if there's an outstanding amount owed to me by SARS or vice versa.

Are s6A medical rebates deductible from your provisional tax payable?

  Written by Marc   Posted 10 September 2013

When calculating your provisional payment, does s6A medical scheme credit qualify as a deduction from the final tax amount? i.e. can you deduct the primary-tertiary rebates as well as the medical?

Registration of employees for tax or PAYE?

  Written by Marc   Posted 10 September 2013

Hi Tax Tim
Do I need to register my employees for PAYE or for tax as they received only R3300 per month? How do I go about registering them for tax? What documentation do I need and do I need to go to the branch to fill it in?

Can I get money from a tax return and how?

  Written by Marc   Posted 10 September 2013

Can I get money from my tax return and how much is the money per year of working?

Travel allowance back up docs

  Written by Marc   Posted 10 September 2013

Hi TaxTimWhat kind of back up documentation must one hand in when you have a 3701 and 3702 code on your IRP5?Regards

How long will it take to be refunded after resubmitting my tax return?

  Written by Marc   Posted 9 September 2013

Hi Tim. I submitted my tax returns and did not claim on my travel allowance, now SARS sends me an SMS stating I owe R8750. If I were to resubmit and claim on my travel allowance, how long will it take for SARS to refund, and what's gonna happen on the amount they say I owe? Regards Themba

What is a recurring penalty?

  Written by Marc   Posted 8 September 2013

I got a message saying 'i have a recurring penalty'. What is it & how do I settle this?

Is there a specific reason why SARS ask for supporting documentation or is it selected at random?

  Written by Marc   Posted 6 September 2013

Hello Tim!Is there a specific reason why SARS ask for supporting documentation? Some of my family members are selected for verification and others not, is there a specific reason or at random? Will it be asked next year?

How do I check if my return was successfully submitted?

  Written by Marc   Posted 5 September 2013

Who do I contact so that they may check for me if my return was successfully submitted, and what information must I have at hand on inquiring?

Do you need to supply an IRP5 for freelance workers?

  Written by Marc   Posted 5 September 2013

If we have a freelance guide that worked for us for a number of days in the year and they get an agreed payment from us (example of R 650 per day) and we do not deduct tax for this. Do we need to supply them with an IRP5? Take note that this person is not an employee of this company.

How will tax be calculated after I leave my job?

  Written by Marc   Posted 5 September 2013

Hi Tim
I am over 45 and have 20 yrs service with the state. I'm planning to exit. How will my tax be calculated?

SARS: Verification of Assessment

  Written by Marc   Posted 5 September 2013

Hi Tim

I submitted my return via efiling on 16 August 2013 and received notice to submit supporting documents which I did on 21 August 2013. It was confirmed that the supporting documents were in order. On 3 September 2013 I received SARS correspondence for my attention on efiling. When I logged in my efiling status is "Correction filed" and the description of the letter is "Completion letter". The contents of the letter is as follows:

"Dear Taxpayer

VERIFICATION OF ASSESSMENT...

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New to tax, what taxes must I pay and how?

  Written by Marc   Posted 4 September 2013

HI

I'm new to the tax paying thing, and want to know, I have just started working earning R17000 and want to know what taxes my work should be paying and what I have to pay or submit or.... with the help of Tim of course :-)

Thanks

Regards
Pascal

Claiming for medical expenses paid out of personal savings account.

  Written by Marc   Posted 4 September 2013

I did not have a fixed monthly income for the tax year ending Feb 2013. My medical expenses were covered from my personal savings account. I incurred medical expenses; can I still deduct the medical expenses paid from out of my private savings?

No payment reference number for SARS payment?

  Written by Marc   Posted 4 September 2013

How to get my payment reference number if I had not received my postal statement?
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