Can one claim Uber back as travel expense for a business
Posted 2 June 2016
As a freelancer, can I use my Uber receipts as mileage for work?
Which proof of expenses should I hold onto?
Posted 2 June 2016
Which receipts should I take a picture of?
Or, which expenses should I note down in preparation for tax time?
Is dental insurance tax deductible
Posted 1 June 2016
Is dental risk insurance a tax deductible
Members loan
Posted 1 June 2016
I have a member loan account of approx R1m rand. I wish to reduce this by R100k by transferring this money to my personal bank account. The members loan account is interest free. What are the tax implications for my company and my personal tax? and how should I declare it on my tax returns.
Allowable tax deductions when building a personal residence
Posted 1 June 2016
I have purchased a plot in 2015 and built a house. Are there any amounts in the purchase procedure and the building process that are tax deductible and are bad debts incurred during building deductible
Tax practitioner fees
Posted 31 May 2016
Is a tax practitioner allowed to ask a fee based on a percentage of the refund I get or should they give me a quotation before the work commence?
Maternity Leave
Posted 30 May 2016
I was on maternity leave from the 21st July to 1st December. During this time I did not earn a salary and claimed from UIF. How does my tax returns then get calculated?
What allowable deductions does a Pilates instructor qualify for?
Posted 30 May 2016
I am a Pilates instructor and earn a commission from the studios I work at and I do my own invoicing for clients I see outside of the studio. The later I am self employed as I understand it. I only started working in South Africa in Aug 2014. My 2015 tax return was done by an accountant. I understand that being self employed and a commission earner I can deduct expenses directly related to earning an income such as:
- Vehicle expenses
- Phone expenses
- Education and training...
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Can I claim medical aid payments if my husband is the primary member?
Posted 30 May 2016
Can I claim on my medical aid payments as a deduction being self employed when my husband is the primary member? The payments cover both of us. Lastly we have a life insurance policy which includes disability and dreaded disease. Can I deduct this payment or a portion of it?
Employed by a foreign company, and need to pay over my own tax, how much will it be?
Posted 30 May 2016
I've recently become a contractor to an overseas company, I've been informed, that I have to pay my own income tax. I send them invoices. My monthly invoice fluctuates between 22000 and 30000 as I get paid on a daily basis. I don't get an IRP5, and I pay my own medical and recently setup my own RA contribution. I need to pay my tax. When and how much do I need to pay. I've been a contractor for them from January 2015 to now May 2016
Deposit of foreign income into South African bank account, is it taxable?
Posted 27 May 2016
If I am working outside the country and wanted to send a large sum of money as a deposit for property within South Africa what are the Tax implications if any. I believe that because it is a large sum of money that it would need to be declared to the South African Reserve Bank beforehand.
Can I deduct salaries I pay from my unrelated salary for income tax purposes?
Posted 26 May 2016
Hi, I have a quick question, I am a permanent employee of a company and earn a monthly salary from which I pay medical, pension and pension fund, all deducted straight from my salary. I in turn have two people employed by me on a permanent casual basis, they are paid roughly R2500 each per month, could I get a tax deductions for this?
what expenses can i claim if I own a taxi?
Posted 26 May 2016
If I own a second vehicle and use that second vehicle 100% as a Taxi. Would the tax be payable on only the income or payable on income - (minus) expenses?
For example, monthly costs breakdown as follows:
Expenses: Vehicle Repayment Costs - R1500 / Vehicle Insurance: R1100 / Vehicle Tracking Costs: R100 // Total: R 2,700. 00
Income: R 8,000. 00
Income (R 8,000. 00) - Expenses (R 2,700. 00) = R 5,300. 00
My question is. Would I pay tax on the income of R 8000 before deducting expenses...
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Can I claim for travel expenses without any records?
Posted 26 May 2016
I am a freelancer which I started in June 2015
I did not keep a log book
am I still able to do any sort of travel claim as I spent most of my time driving out to clients
Can I still pay UIF if I dont have a tax number?
Posted 25 May 2016
I have been working for 2years now and my employer gave me a Employee Income Tax Certificate(IRP5). I don't have a tax number but there's deduction for UIF,I would like to know where is that money going to
Am I really an independant contractor?
Posted 25 May 2016
I am soon to start with a company which has listed me as an independent contractor. - I will be working from home after my initial 6 week training/trial period. - I will go to business meetings. - My main earnings will come from this company
- They reimburse for internet, phone and training course up to a certain amount. - They say in the contract that they will not pay PAYE, UIF or anything like that. - I am to invoice them at the end of every month
- I have no indication of leave days in the contract...
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Am I able to claim additional medical expenses?
Posted 25 May 2016
Hello - I am 52 years old - I have a medical aid - a discovery coastal saver - essentially a hospital plan with a portion of my my premiums going into a savings account every month. I understand that I get a rebate based on my premiums paid. I am trying to understand what constitutes a qualifying medical expense. If money is taken form my medical savings account (which is effectively my money) do these expenses count as "qualifying" - my accountant has told me that only if I spend more than a c...
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Medical aid gap cover
Posted 25 May 2016
What about medical aid gap cover, can I add this to my total for the tax year? I. E. Adding it to the total of what I paid for during the tax year on my medical aid.
Maximum tax deductible contribution towards a RA
Posted 25 May 2016
I am trying to work out the maximum tax deductible contribution to a Retirement Annuity. Person earns R1 000 000 of which 75% is pensionable. Total contributions to pension fund is 13%. He made a capital gain of selling shares at R150 000, received rental income of R180 000 with R50 000 deductible expenses. I'm confused on how to work out this question. It states that max deduction for a RA is 15% of non-pensionable income. I get R250 000 R150 000 R130 000 = R530 000 x 15% = R79 500. However...
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No payslips, no proof of PAYE being withheld
Posted 24 May 2016
Good evening, My fiance has been employed by a small business as from the 1st of February 2015. His employer does not provide him with payslip nor did they provide him with an IRP5 when we needed to do his tax submission. When we submitted his tax returns for tax period 1st of March 2014 to 28th of Feb 2015 we had submitted the month of Feb 2015 blank and only stipulating the company's name. As another tax period is coming up, and no payslips can be provided to SARS, what does my fiance do. I wa...
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Am I required to pay tax?
Posted 24 May 2016
Need to now if I must pay tax. I earn about R6000 but my employer deduct about R141,16 for Uif so that leaves me with R5,858
Medical aid cover in relation to out of pocket medical expenses
Posted 24 May 2016
Is it more beneficial to have a medical aid that covers less so your medical expenses (not covered by the medical aid) that qualifies for a tax return would be more therefore your tax return would be more?
Increasing rental property loan to reduce home loan?
Posted 24 May 2016
Is it possible to take some equity out of our rental property by increasing our loan on that property to put against our home loan and would the increase in interest on our rental property loan still all be tax deductible?
Can I deduct the commission earned by the attorney on a deposit?
Posted 24 May 2016
We bought a house and gave a large cash deposit to the attorney to hold. The transfer of the house took a while so the interest accrued amounted to some R65000. However, the attorney took as a commission about R10,000. Both amounts are shown on the IT3b. SARS included the total interest on my tax return but disallowed the deduction. Is there any way to get the deduction?
Return completion?
Posted 24 May 2016
What are this code for 3696, 3697 & 3698?
where should we put the amount from certificate for income tax purposes from SANLAM?
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