I submitted my tax returns via eFiling, I also claimed for travel expenses refunds on 2 vehicles my tax returns were selected for verification by auditors who are now requesting for copies of purchase agreement for both vehicles. I have contacted the bank to request for the copy of my old vehicle as I no longer have one, they told me the document has been archived and promised to send it through as soon as they have access to the file. I have waited without receiving the document is there an al...
I submitted my tax claim for 2015 on SARS and made a mistake the first time (not adding medical aid tax amount) and requested a correction ( added the tax amount ) but then I was under audit so today 30 days later I receive a phone call from SARS asking me to submit my tax clearance breakdown certificate, the only problem I have now is that I didn't even know you should claim the slips because they are added in to the tax clearance breakdown certificate. Now what will happen?
I am using my vehicle for business purposes and I kept a Skytrax logbook. I traveled about 40% of my KM's for business. I do not have a travel allowance and my commission was less than 50% of my income. Can I still claim my travel expenses? My Employer is not willing to amend the IRP5 to include a travel allowance. I still feel that I am out of pocket and I was not advised by my Employer when I started that I should structure my salary with a travel allowance. Please advise if there is a way...
I have done freelance consultancy work for 2 companies over a period of 3 months. The other months of the tax year I have been in fixed employment at a companies deducting PAYE with no travel allowance. Have not kept details of fuel and vehicle expenses. Can I claim a travelling expense for the 3 months based on kilometers driven ito the fixed cost and variable cost travel allowance method? If not what method should I use for travel expenses as a deduction against the production of the consultan...
Employee uses a company fleet card for fuel cost. Example of the July: July Fleet Card Balance of statement R3 500 Travel claim (1 000 km @ R2. 05 p/km) R2 050 Deduction from employee for private use of fleet card R1 450 (R3 500 - 2 050)
Under which IRP 5 code should the travel claim be? Should it be 3702 because the employee pays back the private use of the fleet card therefore there is no fringe benefit.
Momentum paid out a small pension surplus to me in April 2015 (falls in the 2016 tax year) but dated the tax directive for the 2014 tax year, SARS are refusing to process my tax return due to the income not appearing on my IRP5. Can the directive be amended or is there any other solution available?
Hi guys, I submitted my tax return on the 1st July. My tax return was assessed and it was shown that a payout was due but I was selected for an Audit. After waiting 31 days I phoned and they acknowledged that this had taken longer than the stipulated time and escalated my query... I was told this could take a further 21 days???
Are we really at the mercy of the system or is there any other recourse we can take? (straight forward tax return - no vehicle allowance etc. )
I recieved the following confimation letter, what does it mean? Will I recieve my refund within the next few day's or what?
VERIFICATION OF ASSESSMENT
We refer to the verification of your assessment for the 2015 tax period. Please note that no adjustment has been made to this assessment. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required. Should you have any queries please call the SARS Contact Centre on 0800 00 SARS (7277). Remember to have your ID number or income tax number at hand when you call to enable us to assist you promptly. Sincerely...
I am a bookkeeper for 2 entities with the same directors, but different company and tax numbers. I invoice a fixed fee per month, but split it based on the pro-rate turnover per entity. I work form my study although I also do visit their office especially certain periods during the month - ie mid-month for invoicing and month end to balance the books. Question: Does this mean I am an Independent Contractor? Is this applicable for the 80/20 split as an independent contractor? Do they have to deduct tax from me on a monthly basis?...
Hi, I have a small website that generates some commission from clicks on advertisements. I get paid in USD and GBP. The money is wired from Germany directly to my personal bank account and converted into ZAR. I don't own a formal business and it is relatively small amounts that are transferred. I also have a property that generates rental income. How do I go about declaring the income properly on my tax returns?
I am a sole proprietor in a health profession. I have an office, but I see a lot of clients at their homes or primary residence. I need a car to conduct my business, and have just bought a new car. What are the tax implications of this? Can I deduct the repayments and insurance premium as a business expense?
If you earn a fixed salary and commission from the same employer and the commission is less than 50 % of the salary, can a deduction for home office space be utilised? The employer confirms in writing that the employee works from home only and the employee incurred expenses to set up and amintian the home office. The salary was structured in a way to also include a Travel allowance and full logbook detail is being kept
I earn a basic salary and earn commission every month. How do I know what percentage of my commission earnings will have to go to tax? I find it difficult to manage my expenses as I never know what percentage of my money will have to go towards tax. Are you able to tell me what these percentages are based on how much one would earn?
My previous employer never put a travel/car allowance on my IRP5 thought I travelled more than 40000km for them in 11 months. Can this be corrected? Unfortunately the consultant who did my returns for me already submitted without informing me before submitting about this issue. What can I do? Older posts →← Newer posts789101112131415161718192021222324252627