Written by Marc
Posted 27 November 2014
Written by Marc
Posted 26 November 2014
This year I had a verification done on my tax by SARS and was told that I owe them money due to an incorrect RA amount on my 2008 TAX return . Basically the Rands and cents were done incorrectly. I however still have a communication letter from them for that year in which they requested that I provide proof of this. In the letter it states that if no proof can be submitted the RAF claim will be disallowed. I know I sent in a copy of the Retirement Annuity amount because I had the 2 documents st...
Written by Marc
Posted 26 November 2014
Written by Marc
Posted 26 November 2014
Written by Marc
Posted 25 November 2014
Written by Marc
Posted 25 November 2014
Written by Marc
Posted 25 November 2014
Written by Marc
Posted 25 November 2014
Written by Marc
Posted 24 November 2014
Written by Marc
Posted 24 November 2014
Written by Marc
Posted 24 November 2014
Written by Marc
Posted 24 November 2014
A company I worked for claimed intellectual property of software I developed in my private time for a private client. Their claim was based on the wording in my employment contract. When I refused to hand over the IP, they made my life a living hell. I left the company citing constructive dismissal and went to the CCMA. While I represented myself, I paid a labour lawyer for consulting on what to do.
Can the costs of the labour lawyer be seen as a legal expense even though I lost the CCMA case? I was claiming 12 months salary which would have been taxable....
Written by Marc
Posted 24 November 2014
Written by Marc
Posted 23 November 2014
Written by Marc
Posted 23 November 2014
Written by Marc
Posted 22 November 2014
Written by Marc
Posted 22 November 2014
Written by Marc
Posted 22 November 2014
Hi Tim,I am responding to your answer to a question: https://www.taxtim.com/blog/how-do-i-know-if-i-am-a-tax-resident-of-south-africa#comment-1301I don't seem to be able to respond within the thread.I am in a similar position - also a UK national on a local contract since April 2012 (first two years on an intra-company transfer visa, now on a general work permit) and it looks like I might have to work on projects outside SA.If I do this and reduce my tax liability, what does this do to my a...
Written by Marc
Posted 21 November 2014
My question is around the treatment of the tax on maternity leave that is clawed back. Our company pays 4 months full pay while an employee is on maternity leave,but there is a clawback should the employee resign within 12 months of returning from maternity leave.
We calculate the clawback on a gross salary plus allowances and any benefit payments, eg: Basic pay, plus travel allowance, plus company paid medical aid, plus company paid provident fund, and deduct the sum of these from any outstanding money due to the employee. We deduct the total due as an advance and credit the cost centre accordingly....
Written by Marc
Posted 21 November 2014
Written by Marc
Posted 21 November 2014
Written by Marc
Posted 21 November 2014
Written by Marc
Posted 21 November 2014
Written by Marc
Posted 21 November 2014
I'm the sole member of a CC & have a debit loan account amount of approx R200,000 for the 2014 tax year.I believe that this raises certain DWT issues etc and was wondering if the CC charges me market related interest on this amount for the year & adds this amount to my loan account, would this solve my problem & not have to declare a dividend to balance the loan?If also heard that if the deemed dividend rule (DWT) will not apply if the loan is repaid or otherwise extinguished by...
Written by Marc
Posted 21 November 2014
Do Your Tax Return Easily