How does contributing 100% to provident fund to employees impact the company?

  Written by Marc   Posted 16 March 2015

What impact does the employer experience when they contribute 100% provident fund for employees?

Is a surety payment on behalf of a company, tax deductible in your personal capacity?

  Written by Marc   Posted 13 March 2015

I am the sole shareholder and director of a company. I signed surety for a bank overdraft. This was called up and I had to pay. Is it tax deductible in my personal capacity?

What tax cert is issued when a transfer is issued?

  Written by Marc   Posted 13 March 2015

What tax certificate is issued when you do a transfer from financial institute to another for money that is taxable? E. G from one linked annuity to another linked annuity? Is a cert needed? NB the trf is due to a death claim and money going to beneficiary. . .

Can a student claim for working a short period?

  Written by Marc   Posted 11 March 2015

Will I be able to claim back any sort of tax refund? I worked from June 2013 - December 2013. My basic was R5195 health grant - R1088 + overtime etc. I had basic tax deductions every month. I started to study in 2014.

Can you do my last two tax submissions for me including this year - what is the cost.

  Written by Marc   Posted 11 March 2015

Hi Tim I have not filled in my tax for the last three years up to date :( :( Would you be able to do this for me and I provide all relevant documentation. How much will you charge me and can you tell me how much I will be refunded.

If my spouse is disabled and claims accordingly, can I claim that I am married to a disabled person?

  Written by Marc   Posted 11 March 2015

If my husband has a disability and he claims as a disabled person. As his wife can I claim too that my spouse is disabled?

Buying for a company on personal account - can I claim for tax purposes?

  Written by Marc   Posted 8 March 2015

I buy groceries and prepaid electricity every month for the company I work for then they refund me. Will this be an issue for SARS when I do my tax return? I spend about R50 000 odd a month.

Do not have to submit my tax return as I thought I was below the bracket for 2010, 2011 and 2012 to

  Written by Marc   Posted 7 March 2015

Got a penalty for not submitting for 2010, 2011 and 2012. Taxable pay over threshold and did not submit. Believed it was under the "do not have to submit bracket" but do not know what it were for those year. Will submit now for all years and even my spouse will submit his 0 income. Please can you supply us with the "do not have to submit bracket" of those years. Want to challenge the penalties. Thank You

What is a REASON 02 for not charging/deducting tax?

  Written by Marc   Posted 7 March 2015

What is a REASON 02 - for not charging/deducting tax?

SARS transaction reference 16 on the ITSA?

  Written by Marc   Posted 6 March 2015

What does a transaction reference 16 mean on my ITSA - the description says electronic refund even though the amount is a debit and not credit.

I would like to know how to complete a nil return via eFiling?

  Written by Marc   Posted 6 March 2015

I am doing some admin work from home and have been paying Provisional Tax for the last 3-4 years. Twice a year someone has been doing my tax return via eFiling for me. I realize now that I don't earn enough to even complete a tax return. To be on the safe side I want to complete a nil return but am not sure how to do it. I don't want to ask the same lady to do the nil return for me because she will charge me . I would like to know how to do it myself because it is now due.

Wear & Tear: what % can I claim on my computer/mobile/garmin/camera, etc, which I use in my work?

  Written by Marc   Posted 6 March 2015

I would like to know what percentage I can claim for wear & tear on tools of my trade, per year? I am an environmental consultant and need to take not only my pc and mobile into the field but also binoculars, camera, anemometer, garmin gps, etc. . .

When is SARS going to pay me out my refund?

  Written by Marc   Posted 5 March 2015

I have a return due of R2000. 00 I have not been requested to provide any documents but my eFiling status shows assessment received and my SARS status shows return-submitted to its it has been five days and I never get my return on my statement of account I am not selected for audit or verification but on the notice of assessment it shows yes for audit or verification but I was asked no documents when do I get paid?

Reimbursed tuition fee?

  Written by Marc   Posted 5 March 2015

My employer reimburses my tuition fee if I passed all subjects. I am studying a PGDA and I am a trainee. Is the reimbursed tuition taxable?

Can I claim for travel expense if I earn a basic and comm and my comm is less than 50% for the year?

  Written by Marc   Posted 3 March 2015

I earn a basic and commission, but my commission is less than 50% of my income for the year. I have claimed travel expenses as I use my own vehicle and pay my own petrol etc. I submitted a logbook, but they have disallowed the travel expenses as my commission is less than 50% of my total income. Is this correct? How else can I claim for my travel expenses? As it cost me R58 171. 00 for the year and I should be able to get something back surely?

If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expense

  Written by Marc   Posted 3 March 2015

If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expenses that are not reflected on your year end statement from your m/a ie they have never been submitted to your m/a?

Are cellphone contracts and Laptop Contracts Tax Refundable if used mainly for work purposes

  Written by Marc   Posted 2 March 2015

If I have a cellphone contract as well as a contract to pay off a laptop of which both are used mainly for work purposes, I would say 80%. Can I claim Tax refunds on these "assets" and how would I go about calculating the cost of the asset based on the monthly contract price.

Am I correct in what I propose doing?

  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...

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SARS demanding money that was paid by previous employers

  Written by Marc   Posted 2 March 2015

My previous employer claims to have paid taxes, and sent me a handwritten IRP5. SARS have contacted me stating that I owe them a large sum of money, which money should have been paid by my previous employer. I will not pay SARS for sums that have already been deducted from my previous payslips. What is my solution?

In terms of a divorce summons, what will be taxable if the lump sum pension totals R1 800 000?

  Written by Marc   Posted 2 March 2015

In terms of a divorce summons, what will be taxable if the lump sum pension totals R1 800 000?

Non resident tax payer

  Written by Marc   Posted 1 March 2015

I am a non resident South African - I have been living outside of the country continuously for approximately 3 years. My only source of income in South Africa is a rental property that I own. I still pay a bond on that property. I have therefore tried to complete my return by noting the above. Is there any other procedures that I should follow as a non resident, in terms of making SARS aware that I am residing outside the country at present?

My company is registered last year October I want to know when must I start make tax returns?

  Written by Marc   Posted 27 February 2015

I register my company last year I want to know when must I start to make tax returns ?

Classification of income for contract employment and permissible deductions.

  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...

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Would a refund from SARS form part of your taxable income?

  Written by Marc   Posted 27 February 2015

Is a Tax Refund Taxable?

Do foreign nationals working fulltime with part-time work declare tax for monies paid?

  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...

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