Do I submit returns for the years in between a full-time job where I studied and worked for myself?

  Written by Marc   Posted 6 November 2015

What happens if I started my first full-time job at the beginning of 2012 and submitted my tax return correctly (getting no refund, of course)... But then I quit the job in January 2013 and went back to study for the year of 2013? I assume I didn't have to submit for that year off? (I didn't). I then started freelancing and working for myself throughout 2014. Do I need to submit a tax return for 2014, even though as a freelancer I made less than the threshold?

Can use of vehicle be classified as fringe benefit

  Written by Evan   Posted 5 November 2015

Directors purchase 2 luxury motor vehicles on company name. But the installments are being paid off the directors loan account. SARS raises an assessment on the directors personal capacity stating understated PAYE. Can SARS do this? Can an objection be raised?

Do I need to pay tax and why?

  Written by Marc   Posted 5 November 2015

I am a South African university student, currently working at the university library as a library assistant. I get paid not more than R3000 a month. I received a call today from the Human Resource department saying that I must pay tax. I have never paid tax before and I was not informed in my contract that I will be asked to pay tax at the end of the year. This is my 8th month working.

What supporting documentation is required for source code 4027?

  Written by Marc   Posted 4 November 2015

I have been requested to submit to SARS A4 copies of the relevant material in support of the following declarations:

For source code 4027, depreciation of R6,299. 00 has been assessed against my ITR12 tax return and I have been asked for supporting documents. I purchased a laptop with my own money that I use after hours to catch up on work. What document needs to be submitted and what should it state?

How do I treat travel costs that are reimbursed to me after I have paid for them?

  Written by Evan   Posted 4 November 2015

I am a consultant who travels. My company then reimburses me for my travel costs. How do I treat this in my tax return?

Reclaim attorney costs

  Written by Marc   Posted 4 November 2015

Good day
I want to find out, I've bought a flat and it was registered in March 2015 on my name. Can I reclaim the attorney fees and where I complete it on the tax form, in other words, costs of Duty, transport costs, registration of deed
Thanks

Duplicate expenditure for both employment and freelance monies earned

  Written by Marc   Posted 4 November 2015

I am permanently employed and work from home. I also have a freelance business that I run after business hours, using the same equipment (laptop, printer, office furniture) and space that I use working for my permanent employer. I have noticed that under the "Tax Deductions" and "Business and Rental Income" sections that there are duplicate questions regarding depreciation, travel costs, lease and electricity expenditure used during earning my monies. Do I complete both sections with the same in...

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Travel Allowance & Company Provided Vehicle

  Written by Marc   Posted 4 November 2015

Please advise if you are able to claim if you receive a travel allowance and use a company provided vehicle during the day to visit clients?

Sole prop tax directive

  Written by Marc   Posted 4 November 2015

Hello there I need to get a tax directive for a sole prop

How to fully claim against code 3703

  Written by Marc   Posted 3 November 2015

How does the IRP5 code 3703 work in conjunction with the 8000km per year travel limit

Would I have to register as a provisional tax payer?

  Written by Evan   Posted 3 November 2015

I was a permanent employee at a company for the first 6 months of the tax year. I have gone freelance for the remainder of the tax year and the foreseeable future. I am receiving a salary in effect as the companies I freelance for deduct 25% tax on my earnings and pay me a monthly lump sum (salary) and they provide IRP5s. Does this mean I won't have to register as a provisional tax payer and also at 25% tax could I apply for a tax directive?

Travel allowance - deemed vs actual cost for commission earner

  Written by Evan   Posted 3 November 2015

I am a SARS commission earner. I would like to claim back the use of my vehicle to earn commission. I have a detailed logbook. Where and how do I claim these expenses? According to the TaxTim wear and tear calculator, I should use deemed cost, however I never received a travel allowance on my IRP5.

Vehicle logbook trips to and from work / home

  Written by Evan   Posted 3 November 2015

My biggest problem is with a vehicle log book. Does the Vehicle App explain to you what mileage you are allowed to calculate: e.g. if you work from home and not an office, do you calculate your business trips from home to client?

Will SARS allow personal vehicle expenses as deductible if the vehicle is partly used for business?

  Written by Marc   Posted 2 November 2015

I own 18 rental apartments which I am renting out. I will be retiring next year from my employment and concentrating on managing these properties and also doing related maintenance myself. I currently own a SUV vehicle which I intend keeping and using it for both property maintenance and also private purposes. Will the tax authorities allow a portion of the vehicle expenses as tax deductible against the rental income to the extent they relate to property maintenance, or do I necessarily need to ...

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Audited, how long does it take to be paid out?

  Written by Marc   Posted 2 November 2015

I have been audited and as this is the first time that it has happened to me, I have send through all documents that they requested. I was travelling away for work and could only electronically updated my papers for them on the 06/10/2015 after they send me a letter that I am being audited on 09/109/2015. According to my knowledge you have 21 Working days to send all paper work threw as from day of notice. Till now I have not received any information on when the money will be paid out. No other ...

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Severance package directive request

  Written by Evan   Posted 1 November 2015

When apply for a directive for severance package do we need to submit it with the leave pay and bonus or do we only do the directive for the severance only?

If I get car allowance as part of my total guaranteed package. Can I still claim travel?

  Written by Marc   Posted 28 October 2015

My job requires a lot of travelling, I do have a car allowance that is part of my total guaranteed package. I do get reimbursed for the km's traveled and toll fees. Do I still have to complete km as per log book to SARS. Do I further qualify for a tax return in this regard?

Small Business - Administrative service

  Written by Marc   Posted 26 October 2015

I started a small business where I provide administrative services to one company at a cost of R10 000 per month. What will the tax implications be? Will I be able to register for turnover tax or what would be the best option?

Structuring of ctc package

  Written by Marc   Posted 26 October 2015

My question is how to structure your ctc package for tax purposes, for example my employers has only the following guidelines
Ctc=657 918 per annum. 70% must be taken as salary , the remaining 30% may be structured in a tax efficient manner. I'd like to add a car allowance, as well as a bonus 13th cheque to the value of +- 25 000, and I'd like the company to contribute 12% of package as pension. What should I also consider for tax purposes

Will I be taxed on reimbursive travel allowance code 3703 or audited if no log book?

  Written by Marc   Posted 25 October 2015

I did not have a travel allowance however we were reimbursed by our employer for travel (under 8000). My IRP5 states that I received R17909 for code 3703 (reimbursive travel allowance). This is a substantial figure & I am sure it also then includes funds that were paid to my company diner's card for airfare. Will I be taxed on this amount, or is it non-taxable income? As I was not receiving a travel allowance I did not keep a log book. Was I supposed to?

Car Deductions

  Written by Marc   Posted 23 October 2015

As a SARS commission earner, I keep a detailed logbook. Do I need my petrol slips for anything?

also where does deemed vs actual cost come in?

Can I claim depreciation for my car as a sole proprietor if I have a log book by using the tax table

  Written by Marc   Posted 23 October 2015

I am operating as a sole proprietor. I keep a log book for my car which I also use for business. Can I claim for depreciation and use the tax tables for that?

Wear and tear calculation for the 2015 tax year for a self employed individual

  Written by Marc   Posted 22 October 2015

With respect to self-employed individuals for the 2015 tax year... What is the write off period for a vehicle used for business travel?
Is the cost of the vehicle divided by 4 or 7 years? I'm trying to calculate the wear and tear amount which I can include for the calculation of actual costs. Thanks!

Please help with supporting documentation.

  Written by Marc   Posted 22 October 2015

Can I submit my supporting documents to you? Or must I do it via eFiling?

The email from both SARS and you does not clearly indicate which documents to submit. Regards

Depreciation for commission earner 2015

  Written by Marc   Posted 21 October 2015

As a commission earner, calculation depreciation. I use 2 vehicles for both personal and business. Would I calculate depreciation as price of vehicle / 5?
or would I factor % of business?
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