How long for payment on my refund

  Written by Marc   Posted 12 September 2013

Hi Tim
My broker submitted my tax returns for 2009 - 2013, then SARS asked for a medical document for 2013. I sent this and SARS say I am getting an refund on all those years. Can u please tell me how long it's going to take for payment of the refund. There is no audit.

Can you claim school fees from tax?

  Written by Marc   Posted 12 September 2013

Hi TimCan you claim school fees from tax?Thanks!M

Can you claim monthly groceries from tax?

  Written by Marc   Posted 12 September 2013

Hi TimI've heard that you can claim some of your monthly expenditures, like groceries, from tax... Is this true?Thanks!M

Can I claim my child's university fees and the domestic worker's fee of R150 once a week?

  Written by Marc   Posted 12 September 2013

I'd like to find out if I can I claim my child's university fees?Also can I claim the amount I pay to our domestic worker who comes in once a week at a rate of R150.00?

Seeking my Income Tax number, although I am employed

  Written by Marc   Posted 12 September 2013

I have been employed since September 2012, even though I was not earning a taxable amount, but now I am now earning it. Looking at my payslips since the start of 2013 I found out that the one for March has got the P.A.Y.E deducted as well as U.I.F but from the next month being April I no longer get that P.A.Y.E deductions except U.IF.

Please Tim, does it mean I do not have an income tax number? I called my employer and they referred me to SARS. I can't understand this as I need this income tax number for my new employer. ...

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Amount due to me from SARS / due to SARS from me?

  Written by Marc   Posted 11 September 2013

How would I know if there's an outstanding amount owed to me by SARS or vice versa.

CGT - Offshore Stock

  Written by Marc   Posted 11 September 2013

Tim

I have a question. I live in the UK. I have been living here for 5 years. I have property and bank accounts in South Africa. I submit my tax returns every year, claiming a loss on my bonds over my properties. I put my foreign income under section S10(1)(o).

I want to know about off shore investments, if I decide to buy US Stock today, will this be the base cost for CGT purposes or will it be the day I return permanently to South Africa?

How would this differ...

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Do I need a logbook for aTravel allowance?

  Written by Marc   Posted 11 September 2013

If receiving a fixed travel allowance is it necessary to maintain a logbook?

Are s6A medical rebates deductible from your provisional tax payable?

  Written by Marc   Posted 10 September 2013

When calculating your provisional payment, does s6A medical scheme credit qualify as a deduction from the final tax amount? i.e. can you deduct the primary-tertiary rebates as well as the medical?

Private practice queries

  Written by Marc   Posted 10 September 2013

I've started my own private practice
I was employed before that and was a registered "normal" tax payer and did my e-filing chop chop easy. I'd like to continue doing my own e-filing:

Do I have to register now as a different tax payer now that I'm working for myself?
And must I complete the form where it asks for my own income and will it automatically update then and ask if I had other expenses?

And what all can I keep as "business" expenses? (I rent an office and pay a receptionist as well)...

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There is nowhere to list my deductions as a self employed business owner

  Written by Marc   Posted 10 September 2013

I am filling out the tax return and despite having said Yes to being a provisional tax payer it is asking me questions relevant only to an employee, such as do I have a company car etc and keeps referring to my IRP5, which obviously I don't have, being self employed.

Has something gone wrong, am I filling in the wrong form? Where do I list my deductions, of which there are many?

Can I get money from a tax return and how?

  Written by Marc   Posted 10 September 2013

Can I get money from my tax return and how much is the money per year of working?

How to fill in your Tax return with two sources of income, but no IRP 5?

  Written by Marc   Posted 10 September 2013

I do work for a research group but am not formerly employed by the research group at the university. I am listed as a vendor and get paid for things I do for the group. Effectively as a supplier of things I make.

So how do I fill in my tax form since I am in the tax threshold. I do not get a IRP 5 since I am not employed by them. I also received a pay out of a fund that I had from my previous work and it shows up in my form as an employer.

Now I would like to know how do I go about to fill in my form as I am receiving income but do not know what code or where to put it in the form. ...

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Travel allowance back up docs

  Written by Marc   Posted 10 September 2013

Hi TaxTimWhat kind of back up documentation must one hand in when you have a 3701 and 3702 code on your IRP5?Regards

Hi Tim, is code 3715 on my IRP5 claimable from SARS?

  Written by Marc   Posted 10 September 2013

Hi Tim, is code 3715 on my IRP5 claimable from SARS?

Foreign Cruise ship income

  Written by Marc   Posted 10 September 2013

Hi Tim, Please assist, I have earned foreign income working on the cruise ships. However, I have been in SA for more than 183 days for both 2013 tax year and 2014 tax year.Are there special exclusions for cruise ship income?Many thanks

How long will it take to be refunded after resubmitting my tax return?

  Written by Marc   Posted 9 September 2013

Hi Tim. I submitted my tax returns and did not claim on my travel allowance, now SARS sends me an SMS stating I owe R8750. If I were to resubmit and claim on my travel allowance, how long will it take for SARS to refund, and what's gonna happen on the amount they say I owe? Regards Themba

Can individuals doing community service claim tax back for HPCSA registation fees?

  Written by Marc   Posted 8 September 2013

Hi Tim, I was a Community Service psychologist for the tax year 2013. Can I claim my HPCSA fees back and the money I have spent on professional development (obtaining CPD points)? I know permanently employed people cannot claim this back. But would the same apply to community services, as we are still considered students and we are employed on a contract basis?

Kind regards
Kelly

Vehicle tax benefits for CC or Pty company

  Written by Marc   Posted 8 September 2013

What are the tax benefits of leasing a vehicle? The lease amount is R4 000 p/m and it's for 36 months. Should I rather get a single cab bakkie and claim the VAT back on that? I own a few restaurants, so it would be for picking up emergency stock and the company logo will be displayed on either vehicle (if that makes any difference).
I own a cc and a pty(ltd), is there different tax benefits for them?

Taxable Settlement agreement?

  Written by Marc   Posted 5 September 2013

Hi Tim,

Last year (this financial year though) I left a job and had a settlement agreement with my ex-boss for outstanding monies for overtime as well as for medical expenses as a result of my work. We have had no contact since the settlement. When going to file at SARS I noticed he has included the full amount as income on my IRP5, where as only a small portion was for income and the rest to cover my medical bills. Am I correct in thinking that I am not liable for income tax on the S...

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How do I check if my return was successfully submitted?

  Written by Marc   Posted 5 September 2013

Who do I contact so that they may check for me if my return was successfully submitted, and what information must I have at hand on inquiring?

Do you need to supply an IRP5 for freelance workers?

  Written by Marc   Posted 5 September 2013

If we have a freelance guide that worked for us for a number of days in the year and they get an agreed payment from us (example of R 650 per day) and we do not deduct tax for this. Do we need to supply them with an IRP5? Take note that this person is not an employee of this company.

How will tax be calculated after I leave my job?

  Written by Marc   Posted 5 September 2013

Hi Tim
I am over 45 and have 20 yrs service with the state. I'm planning to exit. How will my tax be calculated?

SARS: Verification of Assessment

  Written by Marc   Posted 5 September 2013

Hi Tim

I submitted my return via efiling on 16 August 2013 and received notice to submit supporting documents which I did on 21 August 2013. It was confirmed that the supporting documents were in order. On 3 September 2013 I received SARS correspondence for my attention on efiling. When I logged in my efiling status is "Correction filed" and the description of the letter is "Completion letter". The contents of the letter is as follows:

"Dear Taxpayer

VERIFICATION OF ASSESSMENT...

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Incorporated versus sole prop for a new business

  Written by Marc   Posted 4 September 2013

Hi Tim. I am about to embark on a new venture and start up my own business. We are bound by various rules and regulations as per the HPCSA and are only able to practice in an incorporated or solus practice. I am feeling very unsure as to which is the best option tax wise? The gross monthly income of the practice is expected to start off at and vary between R30 000 and R50 000 per month. I will not have any partners or permanent employees. I work from home 50% of the time and am onsite (travellin...

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