Written by Marc
Posted 23 December 2015
Written by Marc
Posted 23 December 2015
Written by Marc
Posted 14 December 2015
Written by Marc
Posted 11 December 2015
Written by Marc
Posted 10 December 2015
Written by Marc
Posted 10 December 2015
Written by Marc
Posted 9 December 2015
I have enjoyed many years of good refunds from SARS. ( round about R30 000. 00 per tax year) This year I had an audit and they then issued a letter of completion but flagged my account for an outstanding tax return for 2005 and 2006. With great difficulty I managed to get a copy of 2005 IRP5 but could only get proof of salary for 2006. These years of income were very small and simple as there was only a small car allowance to factor in. I have subsequently been selected for audit again on these small tax returns. My questions are :...
Written by Marc
Posted 8 December 2015
Written by Marc
Posted 8 December 2015
I'm getting a car allowance and as part of my package because my work requires me to travel with my car quite a lot. In the case when I travel to the clients I put a claim which is paid per kilometer. The company used to reimburse us for toll gates provided we furnish them with toll slips but now we they passed a policy that they are no longer going to pay toll fees as they have hiked the rate they are paying us per kilometer to an extent that it should paying the running cost of the car plus fu...
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
Written by Marc
Posted 7 December 2015
I am a urologist working in an 8-partner practice. We are a partnership, and income and expenses are shared equally. My only income is my share of income from the practice. I have always kept a log book for vehicle expenses incurred by myself in the course of my work and have in the past claimed back actual expenses incurred under "Other Deductions>Travel Expenses (no allowance - commision income)". I did this because each partner is responsible for his own travel expenses. As such, these expens...
Written by Marc
Posted 3 December 2015
Written by Evan
Posted 30 November 2015
I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country starting in March 2014 and spent the relevant amount of time not in SA. In 2015 I incorrectly assumed that a day spent in transit did not count, but because in OR TAMBO you have to enter with your passport, I have not done 63 days for the 2016 tax year. Do I have to do 63 days out of SA before 28 February 2016? I read somewhere that the mon...
Written by Evan
Posted 29 November 2015
Written by Marc
Posted 28 November 2015
Written by Marc
Posted 27 November 2015
Written by Marc
Posted 27 November 2015
Written by Marc
Posted 27 November 2015
I have 7 IRP5's
2 of them are salaries from different companies code 3601 value R229400
2 are as an independent contractor code 3616 value R514321
From the salaried income I had 1 month with a travel allowance. I currently have computer hardware, travel expenses, a vehicle and it services expenses that I van to deduct against the code 3616 income. I want to know where do I fill in in on the form to deduct expenses I incurred to generate the income earned on code 3616?
How do ...
Written by Marc
Posted 27 November 2015
I'm about to do my first tax return, I'm registered as Individual tax payer but have been doing freelance work on an invoice basis. I did not realise that in this case I would need to be registered as a provisional tax payer instead. Am I correct in saying that I should be registered as a provisional tax payer?
How do I proceed from here?
- I should have done two IRP6's and made payments. - Then I should also do a ITR12, which is then only due in January 2016
What do I do regarding the outstanding IRP6's?...
Written by Marc
Posted 27 November 2015
Written by Marc
Posted 27 November 2015
Written by Marc
Posted 26 November 2015
Written by Marc
Posted 26 November 2015
Written by Marc
Posted 26 November 2015