Written by Marc
Posted 5 March 2015
Written by Marc
Posted 5 March 2015
Written by Marc
Posted 3 March 2015
Written by Marc
Posted 3 March 2015
Written by Marc
Posted 2 March 2015
Written by Marc
Posted 2 March 2015
I have dual citizenship. I have resided in the UK for the last 5 years with my children. Income from living annuity is being limited to 3%. I plan to sell my shares over 8 years and remit the proceeds together with the annuity to cover my living expenses and then increase my annuity to cover future shortfalls on my living expenses. I am 75 years old. My intention is to keep my taxable income below the tax threshold. I pay 15% WHT on dividends. I earn no income from any other source in South Afr...
Written by Marc
Posted 2 March 2015
Written by Marc
Posted 2 March 2015
Written by Marc
Posted 1 March 2015
Written by Marc
Posted 27 February 2015
Written by Marc
Posted 27 February 2015
Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...
Written by Marc
Posted 27 February 2015
Written by Marc
Posted 27 February 2015
I am a foreign national on a work permit currently permanently employed and also want to start free-lancing/consultation work. I have had calls from companies/businesses needing my skills and I decided to register a company in my name at CIPRO. The issues are I need a business permit to open a bank account and then register at SARS but this is a huge mountain to climb due to the "unfavorable" requirements required by Home Affairs. If I go ahead with this work whilst I work on my busine...
Written by Marc
Posted 27 February 2015
Hi Tim, I am a sole proprietor and have a question about deducting my vehicle and petrol for business use. Currently I am deducting 70% of my vehicles monthly installment as well as 70% of my fuel costs from my taxable profit. However I have not been keeping a log book, the 70% is an estimate which in my opinion is a bit lower than my actual business use. Almost all my mileage is for business use. Could I get in trouble for this? Do I need to keep a logbook? If ever asked by sars I could give a ...
Written by Marc
Posted 26 February 2015
Written by Marc
Posted 26 February 2015
Written by Marc
Posted 26 February 2015
Written by Marc
Posted 25 February 2015
Written by Marc
Posted 24 February 2015
Written by Marc
Posted 24 February 2015
Written by Marc
Posted 24 February 2015
Written by Marc
Posted 24 February 2015
Written by Marc
Posted 24 February 2015
Written by Marc
Posted 23 February 2015
I bought land and built a rental house. I have upfront fees which appear on the pro Forma account of the transferring lawyers. Such expenses are :
Registration fee. 6 months Municipal Rates upfront. Rates clearance certificate fee. Transfer duty. Deeds office registration fee. FICA verification. Lodging agents fee and postage. Sundry expenses (phone calls, postage, file storage fee, printing, photocopying, emails and faxes). Fee for consent to transfer from HOA. Paid management for HOA consent and levy figures...
Written by Marc
Posted 22 February 2015