Can I invoice my employer as if I were a consultant instead of being an employee and paying PAYE?

  Written by Marc   Posted 5 January 2015

The question, I am employed by a company full time to which I fall in the 38% tax bracket and would like to figure a way out to pay less tax especially when I get paid commission over above my salary.
My company is open to the idea that I open a 'consulting' company to which I then invoice my employer as if I am not employed by them.

Is this possible and what are the implications of this approach?

Will I receive 100% of the value of a charitable donation back as a tax-refund?

  Written by Marc   Posted 5 January 2015

I understand that I can claim deductions for charitable donations to a registered PBO (with a section 18A certificate) up to 10% of my taxable income. I am wondering whether I will receive the full value of my donation back with my tax refund or only a portion of it. I like the idea of donating up to 10% of my taxable income, as I will have a say in where it goes. However, this will be a sizeable portion of my income and can only do this if I'm sure of receiving the income back in my tax refund.

Medical Expenses when not belonging to a medical aid?

  Written by Marc   Posted 5 January 2015

I am on my wife's medical aid. June' 14 our funds in our medical savings account ran out. Since then I have been paying cash for prescription medication and various tests, etc. Can I claim the out of pocket medical expenses from SARS as it amounts to almost R 18k.

How do I pay small business tax?

  Written by Marc   Posted 5 January 2015

I've just registered (jan 2015)my small business no serious and amount has been made yet, but we have up coming projects. Its an events company should I register it with SARS or as I read after it has made a million??

Question 2: I have 2 employees that requested payslips, how do I P.A.Y.E since I don't have a PAYE number? Or did CIPC informed SARS about the company?

What is my Gross salary is my Net salary is R10 000,00? (+UIF & PAYE)

  Written by Marc   Posted 31 December 2014

My NET salary is exactly R10 000,00. What would my gross salary be? ( UIF & PAYE)

Provisional Taxpayer or not?

  Written by Marc   Posted 29 December 2014

Im currently working for a employer whom pays my salary monthly along with benefits such as Vehicle, Cell Phone, Medical and UIF/Pension. I'm also a partner in a small business that doesn't return large amounts, largest would be R60 000.00 per annual however would be paid out as a salary and also taxed. Would I therefore fall under a provisional tax payer or normal? Noting again that the income gained from the business is paid as a salary over the year and has its own taxes on it.

Registering as a SA taxpayer

  Written by Marc   Posted 28 December 2014

Hello Tim!

I'm a foreigner living in SA on a relative visa, with my spouse. I would like to get a business endorsement on my visa.
1. At this stage, do I need to register as an income tax payer only?
2. How long will it take me to get the taxpayer's number from the day of submission?

Please, let me know.

Many thanks!

How much tax will I pay from my resignation benefits?

  Written by Marc   Posted 26 December 2014

I'm an educator resigning January 2015, I worked for 26yrs...my total contribution is 1767035.01...how much will I pay for tax?

How can one claim a software subscription service from SARS?

  Written by Marc   Posted 23 December 2014

How can one claim a software subscription service from SARS? More software companies are converting to software subscription services (either monthly or annually) instead of the traditional initial large amount.

Refunds from SARS?

  Written by Marc   Posted 23 December 2014

How long does it take for a refund to be paid once an audit/verification and resolution have been done?

Tax Refund Calculator?

  Written by Marc   Posted 22 December 2014

The calculator....."Work out salary tax (PAYE), UIF, taxable income and what tax rates you will pay"...does not include interest (local foreign), dividends (local foreign), rent, "other" income...

Can I still claim my taxes this year?

  Written by Marc   Posted 22 December 2014

Can I still claim for my taxes this year and what is needed?

Tax Return Calculations

  Written by Marc   Posted 22 December 2014

If I make use of TaxTim, do I get to see my completed tax return before TaxTim files it? Do I get to see the calculations before filing?

If you're audited, papers are submitted how long before you receive the money from SARS?

  Written by Marc   Posted 19 December 2014

eFiling for tax has been done end of November 2014. It's been chosen for audit and the papers were submitted. How long before you receive the money?

Tax on Interest only income?

  Written by Marc   Posted 19 December 2014

I'd like to know how tax works based on this assumption:
>>
I have only one income and it's purely from interest earned off of investments (simple investments that give a fixed rate monthly so nothing funny about offshore, shares, etc.)
>>

My guess is that it's the equivalent of earning a salary (i.e. if you earned R3500 in interest monthly that you'd look up the tax rate in the current tax booklet and therefor have to pay nothing as tax appears to only be required when earning more than R5891 monthly)...

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What is that duration to get a tax number for a company?

  Written by Marc   Posted 18 December 2014

What is that duration to get a tax number for a company?

Pro rate exemption on primary residence?

  Written by Marc   Posted 18 December 2014

Would I qualify for pro rata primary residence exemption if I let my house for 7 years while out the country. The property was purchased in July 2001 as my primary residence then rented out from June 2006 to date of sale March 2013. I have not lived in the house since May 2006.

Are SARS going to lock me up?

  Written by Marc   Posted 17 December 2014

What happens if SARS obtained a court order against you and you did not know?

SARS delay in refunding?

  Written by Marc   Posted 17 December 2014

Hi Tim..I submitted my outstanding returns for 2012 on the 02 Dec and 2013 on the 09th Dec. The first one was selected for verification/audit and I submitted the supporting doc on the 3rd, there was a refund due of r971. The second one reflected a refund due to me of r13k, and was not selected for audit as per the notice that is viewable on efiling. I tried calling the contact centre but its a a nightmare to get through. I decided to send a request via email all I needed to know is when the ...

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What information is needed when trying to be tax compliant?

  Written by Marc   Posted 16 December 2014

I earned below the tax threshold for since 2010-2013 so I did not do tax returns, now I am earning more and would like to submit but I am not sure how to go about it.I registered with SARS in 2010.
Please advise.

No refund after 90 DAYS

  Written by Marc   Posted 16 December 2014

Hi there,

I filed my return in September and was asked to submit supporting documents. I did this and received a completion letter. Then I was told my refund is under review and to wait thirty to sixty days. This period has now passed and the matter was escalated two weeks ago...I was told that I would receive feedback within 5 days. Yet...still no refund or feedback. So frustrating speaking to the call centre consultants...They give conflicting information and no one can tell me why SARS is not paying my refund. It's been 3 months......

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Tax on sign on bonuses?

  Written by Marc   Posted 15 December 2014

We have paid a sign on bonus of R50,000 to a director in December this year. How would you calculate the PAYE on it if say the directors will earn a salary of 50K per month for January and February? The director did not earn anything before December.

Proof of Tax Number

  Written by Marc   Posted 15 December 2014

I need a proof from SARS with my Tax Number, Can't I get it via email than going to the branch. ID 8606305986081, Tax Number 0050814268

Am I required to file an annual tax return if my employer pays monthly tax on my behalf to SARS?

  Written by Marc   Posted 13 December 2014

I have recently started working and I have learnt that my company pays the tax owed by me on a monthly basis.

Due to them paying tax on my behalf am I still required to submit an annual income tax return?

Is UIF payable on bonus?

  Written by Marc   Posted 12 December 2014

Is UIF payable on bonus?
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