May a sole proprietor have travel allowance and must retirement or providend fund be deducted monthl
Posted 21 April 2016
I would like to know if a sole proprietor may allocate a travel allowance to himself?
In regards to a retirement or provident fund may I do payment once a year up to 27. 5% of my earnings or must I do it monthly?
Your help will be greatly appreciated
WS
TaxRefund
Posted 21 April 2016
I wanted to knw if a contract worker is allowed to claim a tax return?or isn't claimed by the people who's bt working
How much will my PAYE be and am I due for a tax refund?
Posted 20 April 2016
I earn 12000 a month which calculates to 124 000 per year. What is my total taxes and what is the amount of my tax return if I am eligible for a tax return pay out and can my employer file my tax tax returns on my behalf
I would like to know how can I get my tax refund
Posted 19 April 2016
I would like to know if it is possible that I can be able to get a tax refund after retrenchment.
Tax refund on retail slips
Posted 19 April 2016
How much tax refund would I get if I submit retail slips amounting to R10 000?
Interest on tax refund
Posted 18 April 2016
My tax assessment SARS did not split my rental income 50% as I am married in community of property as was indicated on my tax return, Lodged an objection, but it took so long that I had to pay the incorrect amount in, it was R126,000. My objection was allowed and SARS paid me back the R126,000. But they had this money for 2 months and did not pay me any interest. Should they not pay me interest?, it was there mistake.
Tax on share options
Posted 14 April 2016
On 1 March 2011 MaxBuild Ltd granted me an option to purchase 10 000 equity shares in the company for R75 each. The conditions attaching to the grant of the option were that I would not be entitled to dispose of the shares for five years or until I resign, whichever occurred first. At 29 February 2016 the shares had a market value of R123 each. This offer was not extended to any other employees at the time it was made and I'm still in the employment of MaxBuild Ltd. How will this transaction be ...
Read more →
How can we claim bond interest from rental income when married out of COP?
Posted 14 April 2016
My wife and I are married out of COP (ANC with accrual). My wife owns an unbonded property that she lets. This means she has a lease agreement with the tenants, although they pay their rent into my account. I own the property that we reside in, which is bonded. The nett effect is that we receive rental income and pay bond interest, albeit on different properties. I would like to be able to claim the bond interest from my wife's taxable income. In order to do so, I assume we need to take out ...
Read more →
Does a sole trader require signed financial statements?
Posted 14 April 2016
Does a sole trader who is registered for provisional tax need to have annual financials done?
Need help with proof of res ans how to make sure I dobt keep going back and forth to sars / SARS doc
Posted 12 April 2016
I am getting my tax number today and am 22 I need to have a tax number in order for me to start working I have never had any sort of bill on my name to have access to proof of residence, I live with my parents and they have such how do I proof that I live there too? without having any sort of bill payments? help please
Tax for temporary employees
Posted 11 April 2016
I am a temporary employee with three months contract in a municipality. I earn R37. 50 per hour and get paid on monthly basis. Last month my employer taxed me 18% on my salary. I worked for 160 hours. Is this the right percentage they used? please advise me on the applicable tax law for temporary employees.
Capital Gains Tax - costs of selling primary home.
Posted 11 April 2016
When selling one's primary residence, am I correct to assume that closing out of the bond is included in costs of selling the asset when it comes to CGT payments? Does this fall under costs of selling the asset?
2016 delayed verification
Posted 11 April 2016
I submitted my Tax tax returns at a SARS branch on the 25th of Feb. I was missing one document and supplied it to the branch the following day. My tax returns were triggered for verification, both the ladies who assisted me told me it takes up to 21 days, I called a few times with my case numbers and the call centre told me 60 days - this is ridiculous, as all the documents were supplied and I was not advised of this by the staff at the branch. What can I do about this?
When to Expect SARS Refund
Posted 8 April 2016
I submitted my 2011 & 2012 IRP5s yesterday and received a message that I'm owed a refund from SARS. Any idea of when I can expect this refund?
Thanks for the help!
Will requesting my tax status start an audit if I have not been doing my taxes?
Posted 7 April 2016
How do I find out what my Tax status is and will that make SARS audit me if not correct?
I am a free lance artist I pay tax on some of my fees from some clients. I rent out cameras, and have a part time job at my family business (whose taxes are also a mess). Tax is like gibberish to me I do not understand how it works and so I just stay away. Now my bank needs a tax status for a loan and im scared I will get audited if not right.
Unsure of the difference between tax no and vat no for my company
Posted 6 April 2016
Ive been issued a tax reference number for income tax for my newly registered company. I'm not sure what it is. It starts with 907---
How to submit an oustanding return when you don't have an IRP5 and cannot find the employer?
Posted 5 April 2016
What do you do if you have an outstanding SARS tax return for 2011 if you do not have an IRP5 for that tax year since the company you were working for cannot be found/traced? I was working on a contract basis and do not recall ever receiving an IRP5 for that year. I have submitted tax returns before and was never made aware of any outstanding tax returns. Only now that SARS needs to pay me money back do they mention that there is an outstanding tax return for 2011. How does there system work? I ...
Read more →
How do i answer the marital status question on SARS eFiling?
Posted 5 April 2016
I got married in Dec 2015, but haven't managed to get a gap to go to Home Affairs to apply for a new ID book/card. This company where I freelance at don't even know that I got married. I tried to tell human resources,
late last year, but the woman said I can just provide them with copy of my new identity document, when I eventually get one. So now, WHAT do you suggest I DO when I log onto SARS e-filing,
Must I click the unmarried box? Or the married box?
Submission of late Provisional Tax returns
Posted 5 April 2016
I received rental income in 2016 tax year, but didn't pay provisional tax. On my ITA34 I am not registered for Provisional tax, but on my SOA, requested one day later, it states that I am registered for Provisional Tax. What are my options now in order to pay the minimal penalties/interest? Do I rather not submit the late IPR6 tax returns and only specify the rental income when I submit my next Income Tax Return?
Also, how does the fact that I am married in community of property influence ...
Read more →
SARS mistake or are refunds done per assessment
Posted 5 April 2016
I was audited and asked to submit supporting docs for logbooks, vehicle ownership/invoices and medical expenses. My assessment was calculated at R49k refund initially. When submitting medical exp I realized I had entered some expenses incorrectly so made changes to the ITR12. This resulted in a refund of R58k. In the new assessment SARS deducted the R49k under source code 4102 in the line "Previous Assessment Results", with net refund of R9k. Will my refund be both assessments ie R59k or are the...
Read more →
If I have a voluntary RA of R1500 per month, what will my tax refund be
Posted 5 April 2016
If I have a voluntary RA of R1500 per month, how much do I get back?
How do I obtain an ITA34?
Posted 5 April 2016
I need an ITA34 for the last two years for bond application, however, I've not submitted any tax returns due to the fact that I don't fall in the category for submission. How long will this take and is it now a complicated matter?
Can I claim from a pension fund that was taxed?
Posted 4 April 2016
I have resigned in 2015 February - am l entitled to claim tax refund on my pension money that was taxed?
Can I claim a tax refund for prior years?
Posted 4 April 2016
I have started working in 2006, but I never claimed a tax refund. Is possible for me to claim for all those years?
Please clarify if I can get a tax directive and how they work
Posted 4 April 2016
My estimated gross income R670 114. 00
My estimated expenditure R306 081. 00
Estimated taxable income R364 033. 00
Please show me the calculations to get a tax directive of 20%
Older posts →← Newer posts
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
