Will you be paid if you have investments and retirement annuities?

  Written by Marc   Posted 15 May 2014

Is it true that if you have investments and retirement annuity you will be paid on your tax returns?

Deased lump sum.

  Written by Marc   Posted 15 May 2014

My husband passed on 2011 September and I had a lump sum paid out to me should I submit those statements at SARS?

Are donations to political parties tax deductible?

  Written by Marc   Posted 15 May 2014

Are donations to political parties tax deductible?

My Medical aid Out of pocket amount is R13000 results in how much deducted from my taxable income?

  Written by Marc   Posted 15 May 2014

My medical aid out of pocket amount is R13 000
How much of this comes off my taxable income?

Does the tax threshold change when you quit your job and begin your own small business from home?

  Written by Marc   Posted 14 May 2014

Dear Tim,What happens to the tax threshold for when one is obligated to pay tax (R63k) when you work for a company for the first few months of the financial year and then you quit to start your own venture from home. Does the threshold change? Since I am working for myself my expenses will change as now I will incure the cost of running my business from home and will have to set aside money for my medical aid, retirement fund etc. as this will no longer be paid by my employer.

I am commission earner can I use car payments as deduction. (HP)?

  Written by Marc   Posted 13 May 2014

I am commission earner can I use my car payment as deduction,(HP)?

Travel Allowance but l do not have a logbook?

  Written by Marc   Posted 12 May 2014

I have been receiving a travel allowance since Aug 2013, however l have not kept a logbook but all the petrol slips as I was not aware of the process. Please advise on what l should do next????

is the % deduction for uif still 1% even if you get paid over R35 000pm

  Written by Marc   Posted 12 May 2014

What is the basic % deduction for UIF on net salary of R35 000 and more per month ???

How much tax on R255 904.30?

  Written by Marc   Posted 8 May 2014

I am about to get a lump sum payment from my department! How would I know what tax will be deducted if the total amount to be paid is R255 904.30?

Travel Allowance - claim for tax?

  Written by Marc   Posted 7 May 2014

I receive a travel allowance set monthly amount from my employer. I do not have a vehicle but use a car pool to travel to work. I am taxed on this amount monthly. Can I claim this on my tax return as I have no logbook but I do travel to work about 25000 km's a year.

Should all travel claims for staff members be included on payslips and on their IRP5?

  Written by Marc   Posted 5 May 2014

Should all travel claims for staff members be included on payslips and on their IRP5?

Retired 6yrs ago at 58, receive rental income of R90,000pa. Do I submit return? Am I in arrears?

  Written by Marc   Posted 4 May 2014

I am now 61 years old and retired Feb 2008. Up until then all taxes were up to date. Since then I moved and receive R90,000 pa rental income from my fixed property. I wish to establish if I am liable for any taxes on this rental income and if I must re register as a provisional tax payer in the light that I have never received any notices from SARS since retirement.

I am retrenched, how I can save money from my retrenchment package - provident fun?

  Written by Marc   Posted 2 May 2014

I am retrenched, how much of my severance package and provident fund will be taxed? I want to learn the basics of income tax as a freelance writer, what will be expected of me to be legal taxwise. What is an income tax return, when working part-time as a freelance writer in South Africa?

How much tax is my company allowed to deduct from my salary?

  Written by Marc   Posted 1 May 2014

I would just like to know I earn R96k per annum, plus occasional overtime, commission and performance bonus of - R1000 on occasion, how much is my company allowed to deduct for tax every month from my salary. I am a registered tax payer.

Tax Deduction?

  Written by Marc   Posted 30 April 2014

I have been paid by my employer from Sept 2013 till Feb 2014.

I would like to know what would be the tax deduction for the total gross income earned in FY 2013-2014 .The income earned was R336 267.

The tax deduction has been R89 545 which I would like to know if it's correct or it's more?

SARS eFiling bank details changed and no letter?

  Written by Marc   Posted 30 April 2014

I submitted my tax return etc and my bank details changed, The following day I got this message under SARS status: AVS Bank with AVS verification pass. Its the only message I received and there is no letter to say I have to submit extra documents etc, only that message. How should I proceed?

Are there any normal tax and/or capital gains tax implications on a refundable rental deposit?

  Written by Marc   Posted 29 April 2014

Are there any normal tax and/or capital gains tax implications on a refundable rental deposit?

How do you register a company that won't be using VAT but would like the perks?

  Written by Marc   Posted 28 April 2014

I have started a new company and want to know the following:

My company won't be doing invoices or quotes nor will it be buying anything on credit. So no VAT will ever be charged from my side. In the future I see the company recruiting employees but for now it is just me. Do I need to register my company right now (if its just me) as I would like the perks of having the office space I am using to be taxable. I am using 2 parts of my house for work purposes (one for offices and the other for storage). ...

Read more →

How does my tax work if I am the sole proprietor and sales person of my estate agency?

  Written by Marc   Posted 28 April 2014

I am a principal of my own estate agency. I work alone. How does my tax work? As a sole proprietor I am not certain, as I do all the selling myself?

Academic books - deductible?

  Written by Marc   Posted 25 April 2014

Can I claim deduction for academic books I buy? I am an academic employed by an institution. I need the books to do my job but my institution does not pay for books.

Sabbatical tax relief - more than 183 days

  Written by Marc   Posted 25 April 2014

The 183 day rule - I will be out of the country in the coming year for 177 in the US and 10 days in Finland on business. I am an academic and will be a visiting scholar in the US. I will be paid by my institution in South Africa while away for the whole period. Do I get any tax relief from the 183 day rule apply? Or does it only apply if I'm getting paid outside the country?

Salary calculations - what is included?

  Written by Marc   Posted 22 April 2014

An employee gets a Travel Allowance - 80% of his salary (correct). He also needs to pay off a Staff Loan - R1,000 per month. Do you deduct the loan amount BEFORE taxes or AFTER PAYE & UIF? What is the correction calculation PLEASE.

Is my ex spouse subject to pay tax on a divorce claim?

  Written by Marc   Posted 21 April 2014

How much tax will my ex- spouse pay on divorce settlement?

Do I have a tax number?

  Written by Marc   Posted 19 April 2014

I'm a government employee for about 11 months now and I have never registered for a tax number but they do deduct a tax in my income, does that means I do have a tax number?

Calculate the tax amount after completing my return?

  Written by Marc   Posted 17 April 2014

After having completed the tax form, how do calculate the tax amount due?
Older posts →← Newer posts    105  106  107  108  109  110  111  112  113  114  115  116  117  118  119  120  121  122  123  124  125