Mileage claims

Posted 25 November 2015

Good day, i work on the road every day and get my mileage paid to me monthly separate from my salary and don't get taxed on it. What do I need to submit my taxes?

Work done for previous employer after hours

Posted 25 November 2015

I have done some work for my previous employer after hours to assist until the new person is employed. We agreed upon a hourly rate. I must now be paid for these hours. What will be better for me:
1. To invoice the previous employer for the hours
Or
2. Let them pay me through their payroll as their employee?

What will the income tax implications be with both these options?

Have an IRP5 but am an independent consultant, how do I answer some questions?

Posted 25 November 2015

I was part-time employed for 5 months of Tax year 2015, for which I have an IRP5. But I have made income elsewhere throughout the year as an independent consultant (freelancer). I am a little uncertain how to answer some questions, such as: "Did you spend any other money related to your earnings that you think you can claim as a deduction? You must have an amount next to source code 3606 (commission) on an IRP5 to qualify". The expenses I'd like to log relate to work that is not reflected on an ...

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Medical aid supporting docs

Posted 25 November 2015

Hi. I have claimed for medical aid contributions and excess medical expenses out of pocket. SARS is auditing me, do I have to submit the actual slips for the out of pocket expenses (i. E. Every consult invoice and proof of payment)? Or is the summary from the medical aid (which shows claims and what was not covered - it has both full claim amount and out of pocket expense numbers reflected) sufficient?

Tax Deduction for Personal Vehicle

Posted 24 November 2015

I am busy completing my Tax tax return with TaxTim, under the Tax Deduction section there is a wear and tear section. Can I depreciate the value of my personal car if I am still paying it off?

Deduction for travelling to work

Posted 24 November 2015

Where do I enter my deduction for travelling to work as an independent contractor?

All I find is this:
"Did you spend any money on business travel which you do not get a travel allowance or reimbursement for? You must be a commission earner to answer Yes. Look for source code 3606 on your IRP5. Your Commission MUST also be more than 50% of your total income as stated on your IRP5. "

And this:
"Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. "...

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What taxes would be applicable to my gross salary in UK?

Posted 24 November 2015

Dear Tim, I am a provisional tax payer in South Africa. What would my tax parameters be if employed and paid by UK company?

Income from consulting

Posted 24 November 2015

Where do I indicate my income from freelance consulting? I was not employed and thus did not receive an IRP5/IT3a from an employer.

Medical aid claim for claims submitted after year end

Posted 23 November 2015

Hi. I submitted a medical aid claim after the tax year end for a procedure which was done in February 2015. Medical aid only paid a portion of the claim due to the nature of my medical aid plan. The amount not paid for by the medical aid is not reflecting on my medical aid tax certificate for 2015. I do have the original invoices. Can I add it on my tax return for this year or only next year?

Provisonal tax versus monthly tax

Posted 23 November 2015

I am currently an independent consultant and I know I currently qualify as a provisional tax payer. Is there a way of paying my tax monthly (as a normal employee) by myself without having to pay the two major payment twice a year?

Independent contractors - which form?

Posted 23 November 2015

1- If a person is an independent contractor which form do they fill?

2- What happens if they have not been paying provisional tax, are there penalties?

Why do I have to pay R199 ?

Posted 23 November 2015

Why must I pay R199 to make tax returns?

Can I claim my expenses for traveling to work everyday? My tax code is 3616.

Posted 19 November 2015

Can I claim my expenses for traveling to work everyday? My tax code is 3616.

Tax on Cash Lump Sum

Posted 19 November 2015

I have resigned and Agreed with my current employer to get paid my 3 month notice pay since I am starting my own business. How much tax is applied to a cash lump sum (3month notice 220k leave pay 70k), can I apply for a tax directive.

Does TaxTim work for self-employed, freelance individuals?

Posted 19 November 2015

Does TaxTim work for self-employed, freelance individuals?

How to declare other income, if when combined with interest income is still below the threshhold

Posted 19 November 2015

I resigned my job to study. I have an income on an investment of - R7000 pa and I did some adhoc consulting for a company for which I earned R30000. My wife's tax adviser told me that I still need to submit a tax return as I have income from two different sources. He also said that I don't need to register as a provisional tax payer as I am not actively generating an income that will exceed the tax threshold. (I understand that should I consistently do more freelance work and if my income increases that in future I may have to register as a provisional tax payer. )...

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What type of forms to submit to represent your vehicle logbook

Posted 18 November 2015

When asked to submit your logbook to SARS, can I use the petrol claim forms for the starting and ending month of that financial year or should I include all the months?

How do I pay tax as an independent contractor

Posted 18 November 2015

I am an independent contractor. I started working part-time but have since progressed to full-time. Previously I did not earn enough to qualify to pay tax. However, from the beginning of this year working full-time I would need to pay tax. I have been onto the SARS website which shows my ITA34. I submitted this to SARS and it came back that I don't owe anything, which I am not sure is true. I don't want to have any trouble with SARS for not paying. What is the best way to go about in this situat...

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Do you get taxed more in year that you had income or where there was minimal or no income?

Posted 17 November 2015

I left my job in August 2015 and want to withdraw a portion of the provident fund in Nov 2015, i. E. In the same tax year as when I worked 6 months (March - August 2015). Am currently unemployed/self employed. What is the best time to withdraw in such a way as to save on tax. In 2015 year or wait for new tax year (Feb, 2016) where income is R0. 00?.

Home office Expenses disallowed

Posted 17 November 2015

I'm a normal salary employee (not a commission earner) that work from home in a dedicated office 4 days a week, and I travel to the office one day a week. I tried to claim for a home office, and on my tax return I got the message "Home office Expenses disallowed". No reason given. I've tried querying, but they give me a case number, but never resolve the query. My employee contract is very old, and doesn't have the arrangement in. Can I give a letter from my employer as proof? What other documen...

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Earn a salary but fill my own fuel

Posted 17 November 2015

Hi, hope you can assist me with a question. I currently earn a basic salary as I'm employed as a rep, I fill my own fuel when going out to see customers. My question is : can I claim for km I travel for business?

Where do I get my tax directive?

Posted 16 November 2015

I got an IT34 notice. My tax status shows I need manual interference from SARS as they need a tax directive for the lump sum paid to me from a retirement fund. I received one IRP5 from my employer which includes my year's salary income as well as the retirement money. What happens now? Who is responsible for getting the tax directive? Shouldn't the retirement fund paid me directly and issued their own IRP5 to me?

Subsistence allowance claim

Posted 16 November 2015

My employer gave me a subsistence allowance for local travel. But they have shown it under Code 3713 (other allowances) instead of under the subsistence allowance code. The subsistence allowance field on the tax return is greyed out and so is the other allowances field. How do I claim my expenses?

Where to put things on tax return

Posted 16 November 2015

I worked for a company for two months last year and then worked for myself and invoiced out work. This means I have a IRP for the 2 months and then have to declare my income and expenditure on the balance of the year. When I populate the form I say yes to other income (trade). Where do I declare my expenses - such as computer, printing stationery, vehicle, medical, telephone, bank charges?

Do I qualify as a small business corporation?

Posted 16 November 2015

Hi Tim,
I am a photographer and I have my own company set up from which I invoice my clients. I am confused as to whether or not I qualify as a small business corporation due to the nature of my business? I did your online test and from what I can see "photography" does not fall into one of those categories - am I correct?
I have one full time, un related employee and not more than 80% of my income is from one person.
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