Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Hi Tim
Awesome website!
I earn my income on commission and am often entertaining clients, paying for coffee at meetings and lunches, client gifts etc - all part of the relationship building process.
Because of what I have submitted on section 4016, I have been selected for audit. I have kept all my receipts for client entertainment. Can I just submit these receipts and what are the limits here?
Also I have also claimed for bank charges and client production costs. Is this within the boundaries of 'expenses incurred in the production of income?'...
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
I do voluntary work in poor communities after quitting my job a few years ago. Various people knows this and are paying money into my account as donations. Is this money taxable in my hands?
The amounts varies between R20,000 - R30,000 p.m. I do not know all of my supporters as a lot of them stays anonymous and just put 'donation' on the bank reference.
Most of the amounts are paid to me this way on a month-to-month basis and the biggest amount is R6,000 p.m. I am not offer...
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 December 2012
I just wanted to confirm that if an EMPLOYER pays all medical aid subscriptions does one list this amount paid by the EMPLOYER under codes 3810 & 4005 & 4474?
So in effect one would have the normal salary under code 3601 and then under code 3810 the FULL medical subs paid by EMPLOYER and then list this SAME amount under codes 4005 and 4474.
Is this correct?
Also does one need to use 4116 to show the tax credit of R230 x 6 or 12 depending on if it is the annual IRP5 cert or the bi-annual certificate? ...
Written by Marc
Posted 25 November 2012
My business partner and I have just opened a spa and are paying our therapists less than R5,500 per month. They then also get 10% commission on all treatments performed. Are they required to pay tax, firstly on their salary and secondly, on their commission? What about gratuities?
Also, we have submitted the registration forms for Income Tax and PAYE - we now have a tax number but are waiting to hear back from SARS about PAYE (when I called the call centre they said that the forms hav...
Written by Marc
Posted 22 November 2012
Written by Marc
Posted 22 November 2012