Business parking fees

Posted 21 November 2014

Where in eFiling do you log business parking fees?
(If your business is in a business park)

what is IRP6?

Posted 20 November 2014

what is IRP6?

Income tax on salary from a non- profit organisation in USA

Posted 18 November 2014

I"m working for a non-profit organisation in America. How does the income tax work?

WHAT ARE DEDUCTIBLE EXPENSES FOR SELF-EMPLOYED SURGEONS

Posted 15 November 2014

I am a self-employed surgeon in the private sector. My business is my primary source
of income with most expenses [ including the astronomical amount for my insurance!] being
covered by it.

How do I fill in my tax return? What can my deductible expenses be? I travel to congresses
regularly and cover most of those expenses on my own.

When I was employed in the state sector it was much easier with my IRP5 Form.

If you're a freelancer who earns below R70 700, do you have to submit a provisional tax return?

Posted 14 November 2014

I am a freelancer but I earned under the R70 700 threshold. Do I have to register for provisional tax? Some people have told me that I have to submit a provisional tax return anyway while reflecting on the return that my taxable income was zero. Seems stupid.

When do you file the first and second period of the IRP6 form if you only opened in Nov 2014?

Posted 14 November 2014

If you left work in February 2014 and started your own small business in August 2014 but you only changed from a non provisional taxpayer to a provisional taxpayer in November 2014. When do you file the the first and second period of the IRP6 form?

Where do I enter the capital gain for unit trusts on my tax return

Posted 13 November 2014

I have an IT3c unit trust provisional consolidated capital gains tax certificate in front of me. I need to fill in the capital gain for my unit trust under code 4250. I believe I need to select the last question on the first page saying - have you received any additional income. From there it gets rather confusing because it asks me under capital gain what assets and how many I have disposed of? Where do I just fill in the capital gain for unit trusts? If I say that I have disposed of assets and...

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Interest on late refund from SARS?

Posted 12 November 2014

In response to your blog entry "What?%u20AC%u2122s the delay with getting my SARS Refund?". When and how does SARS become liable to pay interest on late refund payments? Surely there must be a mechanism to keep SARS honest when it comes to keeping our money and delaying our refunds?

Depreciation/Wear and Tear

Posted 12 November 2014

Calculating Depreciation/Wear and Tear (note 47), does it apply to both provisional taxpayer and regular taxpayer ?Under which conditions can you claim for it ?

Need clarification on whether an ITA34 means they have concluded your review by SARS?

Posted 11 November 2014

I would just like clarity on this. I submitted my return, they asked for supporting docs, I gave my tax certificate of medical aid only and then was issued with a ITA34 which said said I was due a refund.I don't have an ITSA, should we get both? See below. What I am unclear of is the wording, it says the assessment has been concluded but then later on it talks about info not matching and a review. I have looked back on previous returns I have done and it said the same and I got the refunds with no hassle. Just want to know if this is final now or may they come back and request more info or can I expect a payment in the next few days?...

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What of form of tax do I pay if I am an SA resident employed and paid by a foreign employer?

Posted 11 November 2014

I am employed by an non-profit organisation based in the UK. I am a permanent resident of SA and I work from home. I receive my salary from the UK (monthly, with payslips) in GBP every month and I would like to know what I need to do to pay tax and what documents are required for SARS. Do I do a normal tax return?

Is it best to keep financial records?

Posted 11 November 2014

Do I need financial statements if I'm a sole proprietor?

What is Section 89 Quat(2)

Posted 10 November 2014

What is section 89 quat(2) interest?

Paying tax working for a partnership.

Posted 10 November 2014

I have started a new job where I'm working for partners and they will be paying me R5000 each from their respective accounts. I have not paid tax before but assume I will have to start now. What type of tax do I pay? Colleagues contract themselves to them and pay a provisional tax. Do I pay PAYE of provisional tax?

When to submit provisional tax returns?

Posted 10 November 2014

Hi, I have submitted my 2013/2014 ITR12 - have now discovered that I am a provisional taxpayer. So do I have to now complete an IRP6 for the period March to August 2014?

Provisional Tax Payer

Posted 7 November 2014

Must I register as a provisional tax payer OR will SARS inform me?

Does a sole prop with employees need to register for PAYE?

Posted 4 November 2014

I am a sole prop and therefore do not have a company registered with CIPC. I have a few staff that work for me. Do I need to register for PAYE and UIF with SARS? Can a sole prop (ie and individual) register for PAYE?

How will I be taxed as a freelancer on retainer?

Posted 3 November 2014

Hi there!

I am currently full-time employed as an editor, but would like to go freelance next year. I am busy putting a proposal together to encourage my current employer to keep me on retainer for a portion of my current duties, for a portion of my current salary from January 2015, so that I can at least be guaranteed a basic salary for the first year or so of being a freelancer while building up a client base.

As far as tax goes, my understanding was that the burden was on freelancers to submit quarterly or annual tax returns, and that employers using freelancers were not necessarily obligated to deduct tax on their fees...

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Is there a threshold for registering for provisional tax for a non salary person?

Posted 3 November 2014

I run my own business as a sole prop in my own name. I read somewhere that if my taxable income is below a certain threshold for the year, that I do not need to register as a provisional taxpayer. Is this correct? I was under the assumption that because I earn income other than a salary (from carrying on a trade) I am automatically a provisional taxpayer?

If I am below the threshold and do not need to register, then how will I know this before hand? For example, for the 2015 tax year, I will only know if I am below the threshold at the end of the year, being Feb 2015. By then, I would be late in submitting my provisional tax returns (due in Aug 14 and then Feb 15)?...

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Must I submit a provisional tax return if I only became a provisional taxpayer in October?

Posted 3 November 2014

I started my own business on 1 October 2014 and am now running as a sole prop. I am aware that I am now a provisional taxpayer and need to submit IRP6's.

My question is do I need to go back and submit an IRP6 for the first provisional return for 2015 tax year at end August 2014 (for 201501) even though I was not a provisional tax payer at that stage?

Would I just submit a Rnil return?

Can I claim expenses in the current tax year for prior year expenses?

Posted 31 October 2014

I am a provisional tax payer. My 2013 tax year has been assessed and finalized.
Can I claim business expenses in my 2014 tax year, that were incurred in the 2013 tax year but not claimed?

I have earned R130K, mostly contract work, no irp5. How much do I keep to pay tax, do I file?

Posted 29 October 2014

I have not been filing due to unemployemnt. But this year I have a very small job that will pay out about R30K and I recieve money for contract work to the tune of R100K 1) How much money should I keep aside for tax (approximately)2) Should I file a tax return. (I usually efile.)Thank you so much for your answer in anticipation.

Closing date for tax returns to be filed with SARS?

Posted 16 October 2014

When is the closing date for tax return?

Do I submit an IRP6 for the sale of a primary property if there is no Cap Gains Tax payable?

Posted 15 October 2014

On 3rd October 2014, I received proceeds from the sale of my primary residence. By my calculations, no capital tax is payable. I am registered as a provisional taxpayer, but have not had reason to pay any provisional tax for 5 years. Do I need to submit a provisional tax return on the sale by Feb 2015, or can I wait until I need to submit an ITR12 next year?

Should you subtract VAT when calculating business expenses?

Posted 13 October 2014

I am a non-VAT registered, sole proprietor. When I deduct business expenses i.e. office equipment, phone costs etc. from my income to determine taxable income for the year, should I first subtract the 14% VAT portion of those expenses or am I allowed to "claim" the expense as-is?

For e.g. I buy an office desk for R2000.00 incl. VAT from a shop. Do I factor in R2000.00, or only R1754.39 as an expense?
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