How much tax do I pay as a consultant and how do I go about doing it?

  Written by Marc   Posted 31 May 2013

I am a salaried employee (R8000 per month) and I earn a commission as well. (Amount varies every month). I also earn a consultant fee (R2000 per month and this will increase to R7000 per month at the end of June). My payslip does not reflect the commissions earned. The consultant fee is received from a completely different entity. How must I go about paying tax on all these amounts and how much will I end up paying? (I am currently taxed on the R8000 per month only).

What to do with following expences whilst renting out student accommodation (commune)?

  Written by Marc   Posted 30 May 2013

Part of Personal income.
1. Do I enter bond payments for the property anywhere?
2. What about security payments to Chubb?
3. What about Furniture & appliances - all rooms are furnished.

I am owing SARS, but they owe me a refund, now what?

  Written by Marc   Posted 28 May 2013

I am owing SARS an amount of R 1000.00 and there is a refund due to me in an amount of R 8000.00 , I have made arrangements as to how to pay the money owed to SARS. My question is can't SARS actually minus the money I owe them from my refund although an arrangement has been made? I was actually told that I would not receive what is due to me if I don't pay the outstanding money.

Lastly how long does it take for SARS to pay your refund if you have submitted via e filling .

How to submit IRP5 on line with little hassle?

  Written by Marc   Posted 27 May 2013

I have been trying hard to register so that I submit my documents in time without standing in long queses.

Re-reimbursement for company travel?

  Written by Marc   Posted 27 May 2013

Hi for the first time I am confused, I own my own car and last financial year I did about 18200 business km and 8100 private km my company refunds business travel at 2 rand a km I keep a log book but not receipts for fuel and repairs is there anything I can claim for?

Checking status on e-filing

  Written by Marc   Posted 24 May 2013

Where on eFiling can one check the status/progress of the returns submitted whether they are still busy with them or they've been approved?

Am I liable for a penalty that was a SARS error because not disputed within reasonable timeframe?

  Written by Marc   Posted 24 May 2013

I submitted a return for the first time myself in 2012. It was previously done by a colleague who was rather knowledgable. Each previous year (3 years) the outcome was a R0.00 balance as I do not have any medical aid, retirement, etc. Nothing had changed since then. She advised telephonically on how to submit and it was done.I have now received an sms last month (April 2013) stating that I am liable for R15k. Upon investigation with my HR department, they found that the income (IRP5 info) was du...

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Time frame for SARS tax refund?

  Written by Marc   Posted 22 May 2013

I received an IT34 to advise me that SARS have completed an audit on me and owe me money. How long does it take for them to pay out?

Procedure in submitting IRP5 form and steps thereafter?

  Written by Marc   Posted 22 May 2013

I have an IRP5 tax return form from my company and want to know the procedure to submitting and whats the procedure thereafter?

How do I calculate fringe benefit tax on my vehicle?

  Written by Marc   Posted 21 May 2013

vehicle was purchased 2009 on hp, value including vat R433000.00 deposit R95000.00, financedamount R379000I use the car daily to go to work/home but am on clients sites most days for business.not sure how to work out paye monthly on this?rose

How many years of back-tax can you claim for?

  Written by Marc   Posted 20 May 2013

I've been working part-time, although it is practically full-time, for the past five years. The work pays 25% of my incoming salary to tax. As I understand it I can claim for a portion of this money back, but have failed to do so in the past years. I just want to know if I can claim for previous years worked as well and what I will need to claim this. I do have my IRP 5's from the years of 2010, 2011 and 2012, 2013 not being out yet. Please help!

late submit and refund, now what?

  Written by Marc   Posted 18 May 2013

We only found out in April that our tax forms for 2010 and 2011 were not submitted so we did it and got a refund on that 2 years. So submitted the 2012 tax forms but on this one we own SARS money we paid it! So for 16 days we waited for the refund money we call them Friday and they said we need to bring them the deposit slip and we must pay the penelty before they can refund us, but by my understanding that penelty will be taken for the money that they own us or do we have to pay the penelty and...

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If you get a a lump sum payment, for example as a trustee, in a form of remuneration what is the tax

  Written by Marc   Posted 17 May 2013

How is that amount taxed, e.g you get paid R500 000 as a remuneration a once off payment.

Can you file tax returns without an IRP5?

  Written by Marc   Posted 14 May 2013

My wife's new employer does not pay over paye tax across to sars , she works on commission only and therefore will not get a IRP5 from them.Can one still file tax returns without an IRP5?

Tax on lump Sum pension Withdrawal

  Written by Marc   Posted 14 May 2013

I worked at a company and my portion of pension contribution was taxed as it was part of my basic salary(taxable income). I resigned from my company and received a lump sum payout where there entire R264k was taxed at 18%(excluding the first R22500). Will I get this tax back when I submit my tax return this year as I feel I have paid tax twice once on my contribution and again on my lump sum payout.

I have a medical claim of R4500 which was not covered by my medical aid, can I claim this as a tax d

  Written by Marc   Posted 13 May 2013

Any cash payment for medical expences = e.g. a single claim of R4500 and another of R2400. Can these costs be deducted from my tax return?

I was late in submitting my returns and a penalty notice was issued.

  Written by Marc   Posted 12 May 2013

I was late in submitting my returns and a penalty notice was issued. I then (very quickly) finalised my returns which showed that SARS would owe me a refund. Does SARS deduct the penalty from my refund or do I have to pay the penalty first?

SARS requested additional documentation but didn't tell me

  Written by Marc   Posted 10 May 2013

I am a provisional taxpayer... I work freelance and my income fluctuates. I've been doing my own tax through efiling for several years now, and have never had a problem. So this year, I send off my return on January 29 (yes, I know, leaving it till the last minute... every year I
promise I won't do that!!), and my assessment comes back, I'm owed R120.56. The amount is so small because I actually already did all the calculations in order to make my third provisional payment by the September deadline, so as not to incur any interest....

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I got an ITA34 notice of assessment, now what?

  Written by Marc   Posted 10 May 2013

My husband's work did his tax with the IRP5, they did all the years but not 2010 and 2011 so we submit them on the 25-04-2013 so the lady told as after we bring her the new bank details it will take 21 days to get the money so we did all that was ask but I know we have a penalty do we need to pay the penalty before we can get the money and today I got the letter in the mail its a ITA34 notice of assessment.

What is the importance of compiling a VAT return if you are an accommodation provider?

  Written by Marc   Posted 9 May 2013

This will be a persentation I have to present to 35 small businesses which provide accommodation to university students. I was asked to have a full understanding about VAT/TAX for accommodation providers, please help me as I am about to present this on this coming monday.

I receive a salary from Taiwan, but pay tax there. What do I do?

  Written by Marc   Posted 9 May 2013

I have recently returned from overseas and I'm planning to stay in South Africa. I'm about to start teaching online for a Taiwanese company and will be taxed 18% in Taiwan if I make more than $893 with them (which I plan to do). I just want to know if I have to pay tax here in SA on that income. It seems a bit harsh to pay 18% and then another x% here at home. Is this going to be unavoidable? The amount in my bank account every month should be between R7 000 and R10 000. If I have to pay full taxes on that, I was thinking of keeping back about 25%, but I first want to find out whether there are any lenience I can get since I'm already taxed in Taiwan....

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Audit/Verification, how long does this last?

  Written by Marc   Posted 6 May 2013

After initial assessment of a tax return, and if in the initial assessment no further audit/verification was called for. For how long can SARS ask for audit/verification?

Tax confusion?

  Written by Marc   Posted 4 May 2013

I am graduate and currently unemployed full-time. I write for a small company. I get R700 a month for writing promos. Now thing is when I get deposit alerts from FNB, they show that R525 has been deposited,I want to know can bank charges for R700 be up to R180 or is there some taxing going on. I don't have a SARS number either. What's going on?

I need help with an eFiling request for correction?

  Written by Marc   Posted 3 May 2013

I moved jobs from one company to another in September 2011, last year when it was time for eFiling I only had the IRP5 form for my current employer. I could not get my previous IRP5 form from my previous employer as the company had been closed. After submission I was asked by SARS to provide supporting documents which I did, as it was my first time submitting, I didn't know that I needed to submit all IRP5 forms for the 12 calender month. My submissions where finalized and I got a penalty fee of...

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My audited (ITA34) report says I owe SARS about R18 000 for the period 2011/08/15 to 2012/02/29, wha

  Written by Marc   Posted 1 May 2013

PAYE was deducted from my salary every month and I did not get more than any of my colleagues (we are in the same notch). What could be the problem and how can I solve this? I am still in shock after receiving this e mail on 2013/04/30.
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