Self employed income

  Written by Marc   Posted 23 June 2015

I was full time employee for the first six months, and then changed to self-employed contractor issuing an invoice to a seperate but related entity. What are the deductions I can claim against income invoiced?

What deductions can I claim as an independent contractor?

  Written by Marc   Posted 23 June 2015

I have a permanent salaried job and I do work for others as an independent contractor as well. What deductions can I claim as an independent contractor? Can I claim more deductions than I receive as revenue as an independent contractor (effectively losses).

SARS payment

  Written by Marc   Posted 23 June 2015

Tax has been deducted from my salary every month but the lady from SARS who I spoke to over the phone said they have no record of my payments. Where has this money been going to?

Is it necessary to register company for VAT

  Written by Marc   Posted 23 June 2015

I am in the prcess of starting my own company. The planned income per month will be 65 000 to 70 000 and payments around 35 000. A small company. Is it necessary to register for VAT or will I still be under the threshold?

Taxation of lump sum amount from profit share of company

  Written by Marc   Posted 23 June 2015

How will I get taxed if I receive a percentage of the net profit from the company I work for every few months as a lump sum, which is additional to my base salary?

What is my tax obligations when running a DVD rental store as sole proprietor?

  Written by Marc   Posted 23 June 2015

I am thinking about acquiring an established Dvd rental store and plan on running it as a sole proprietor and using my personal bank account for the business. This would be my only income and only business. * How would I calculate my "taxable-income" Ex. , (all amounts are monthly expenses) The total turnover would be roughly R15000 of which, R4000 goes toward purchasing films (stock), and R5000 would go toward renting the premises. I would also need to purchase printer ink, paper, stationary,...

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Just an Enquiry

  Written by Marc   Posted 23 June 2015

Hello. I received a message from the GEPF about I. R. O and the tax directive from SARS. I'd like to know how long do I have to wait until receive the gratuity since SARS has taxed me? Thank you.

Have to pay my own tax - how?

  Written by Marc   Posted 23 June 2015

In my company I was permanent from June my position will be independent and I will have to pay my own tax. Can I do this monthly and how do I do this?

Do I have to wait for my IRP5 from my employer?

  Written by Marc   Posted 23 June 2015

Do I have to wait for my IRP5 before I can fill in the details?

Forgot my tax number - where do I find it?

  Written by Marc   Posted 23 June 2015

I forgot my tax number - is there any way for me to get it online (without having to call in)?

How do I know if I am due a refund?

  Written by Marc   Posted 24 May 2015

Should I get a tax refund?

How will I be taxed if I only received capital injection no orders yet?

  Written by Marc   Posted 24 May 2015

I am a sole proprietor, started my business with no income received yet except capital injection to start and from that received salary. How will I be taxed?

How do handle monthly donations made?

  Written by Marc   Posted 24 May 2015

Sole proprietor, when do I handle donations made monthly?

Tax on extra income

  Written by Marc   Posted 24 May 2015

I am a widower earning a monthly salary of R5500 p/m and have a fixed widow's pension - R5500. 00 p/m. Every year I get taxed and have to pay back - Is there any way I am doing something wrong that they tax me to pay back - R10000. 00 per year on assessment?

My employer cannot pay my provisional tax so I have been getting a full salary.

  Written by Marc   Posted 24 May 2015

My employer cannot pay my provisional tax as they do not have enough funds to match my provisional tax (meaning what they have to pay from their pockets to SARS). They have been paying my salary in full with no deductions and it has been up to me to save that money and pay my tax in November 2015 as a Regular tax payer. How much will my tax be? I earn R15000 per month. Worked out that my tax would be R2700 per month.

TAX ON BONUS

  Written by Marc   Posted 24 May 2015

IF MY SALARY IS R4500-00 IT IS BELOW THE TAX BRACKET SO WHEN I GET MY BONUS WHICH IS DOUBLE MY SALARY SHOULD IT BE TAXED?

Non-resident tax qualification and documentation

  Written by Marc   Posted 24 May 2015

I am a South African citizen, employed by a South African company, which has subsidiaries across the continent. I am being paid out of South Africa, into a South African bank account. I have been seconded to work in East Africa for a year. On my salary, regular PAYE and UIF are being deducted. I plan to spend a minimum of 183 full days (including 60 consecutive full days) out of the country. What else do I need to qualify for the non-resident tax exemption? Are there any particular codes on my p...

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How much rent is allowed before tax and when do we have to register only once the rent is paid?

  Written by Marc   Posted 24 May 2015

Hi Tim I have a student who is paying me rent in a 2 bedroom semi-detached. He started paying rent in February 2015 when do I have to register as a provisional taxpayer? Is it only once you've earned more than R30 000 for that year? Then I will have to register next year then in Feb 2016?

Tax for R29 000 monthly

  Written by Marc   Posted 24 May 2015

What would be my tax obligations if I earn R29 000 monthly?

How to make use of your services?

  Written by Marc   Posted 24 May 2015

How do you get money from my return in SARS which deductions

Changing of bank details?

  Written by Marc   Posted 24 May 2015

How can I change my bank details if status is not valid on my eFiling profile?

Tax deductions on different salaries

  Written by Marc   Posted 24 May 2015

I have had 3 jobs for this tax year, 2 permanent and 1 temp. I've had tax deducted on all three salaries. Will this affect my submission for this year? And how will it be taxed seeing that my salary increases with every job as well as my deductions.

Out of country work how does taxation work?

  Written by Marc   Posted 24 May 2015

I work offshore and get paid into my FNB account. I am away for more than 180 days of the year and one or more of my trips are more than 60 consecutive days out of country so I know I am eligible for seamans tax (or whatever it is called). Can you program take that into account or should I continue to use a taxman?

Capital Gains Tax - is it applicable to an immovable property acquired before marriage?

  Written by Marc   Posted 24 May 2015

My wife owned and lived in her flat before our marriage. Since our marriage, my wife moved into my dwelling. We have heard that should she now sell the flat it will be subject to Capital Gains Tax ! We are married out of community of property and excluding the accrual system. My wife current earns R156 000 per annum. Please advise. Best Regards Peter

Unemployed wasnt paying tax

  Written by Marc   Posted 24 May 2015

If I have not been working for the past 2 years, will I still be expected to pay tax
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