Medical contributions as an independent contractor

Posted 28 July 2015

Can I claim medical expenses of my own but working as an independent contractor?

How best to set up my photography business with regards to taxation?

Posted 28 July 2015

Hello Tax Tim I work as an analyst full time; and in my free time I follow my passion for music and photography and take photos at festivals, clubs, pubs and other events. I have been building up a profile over the past few years of my work and now I have artists and their relative management agencies showing interest in procuring some of my images.

I have not registered a company yet, nor have I sold any images as I first want to ensure I set up my "business" and contract documents correctly so my clients and I are covered fairly and equally...

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3 work related expenses, where do I allocate them and how much?

Posted 28 July 2015

I spent R4 085.53 on vehicle maintenance tyres, 25/08/2014. I spent R25 748.85 on cellular bills, at least 60 to 70 percent of this annual bill was work related (14/15). I spent R5 553.44 on vehicle insurance for the year (14/15).

My question is, where would I associate these expenses to?

Do I charge VAT?

Posted 28 July 2015

I am offering a service to a company that is in Durban for a whole week. My accommodation and transport costs are billed to the client. My question is that does the accommodation costs attract output VAT for my company. Do I charge VAT for the accommodation billed to the client?

Claiming for elderly dependants medical aid contributions - Supporting documents

Posted 28 July 2015

My parents are both pensioners and dependent on me financially. I pay for their medical aid, while I am on another medical aid. I have included both medical aids on my tax return, with the appropriate number on dependents noted every month.

SARS has asked for supporting documents to be submitted. I submitted: yearly contribution summaries from both medical aids, monthly invoices from my parent's medical aid addressed to me with my bank account details on them, debit order statement from my bank showing both being deducted every month as well as a covering letter explaining the situation. ...

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Retrenchment on IRP 5

Posted 27 July 2015

If I was retrenched and paid out, where to do I put the amount that I was paid out and how does this effect my tax return?

Severance payment

Posted 27 July 2015

What are the tax implications for compensation resulting from unfair dismissal by an employer?

Travel Allowance and take home pay

Posted 27 July 2015

Using your tax calculator, why is the travel allowance deducted from your take home pay? I understand 80% is included for your PAYE calculation, but your travel allowance should get paid out, unless the company pays costs on your behalf. What am I missing?

Why must I buy or pay for a tax return from you?

Posted 25 July 2015

I thought one is not suppose to pay to make SARS tax returns. So I don't understand this part that requires me to buy a package?

How is the 3703 travel allowance calculated?

Posted 25 July 2015

I received a reimbursive travel allowance under code 3703 of about 41 000 on my IRP5. I traveled over 8000 km and my rate was above the gazetted rate of 3. 30 for part of the year.

1) Will SARS reduce my taxable travel allowance by 30 555(8000*3. 30).
2) If I kept a log book is they a section that I will enter the deductible amount on my IRP5 and what is the code.
3) Will I get a refund if my deduction amount exceeds my taxable travel allowance amount or is it limited to ...

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I want to register as independent tax consultant

Posted 23 July 2015

I need to register as tax consultant. What do I need?

Why is my home office selected for verification second year in a row?

Posted 23 July 2015

I work from my home office as a graphic designer. My annual income is under R500 000. This is the second year in a row I've been selected for verification. Any idea why and what does it mean? What should I be doing differently to prevent being flagged? Is it a reflection I'm doing something wrong?

What is the difference between a Tax Certificate and the Tax Directive?

Posted 23 July 2015

What is the difference between a Tax Certificate and the Tax Directive? I have asked my Funds Administrator from my previous work to provide me with a Tax Directive but they sent me a Tax Certificate. I am getting a message from SARS that my tax return has been put on-hold because there is a Tax Directive that's outstanding. Please assist.

Tax on salary R10000 plus petrol allow R2 000

Posted 23 July 2015

I am starting a new job. My salary will be R10 000,00 a month plus a R2 000 petrol allowance. No other benefits. What can I expect to clear?

Can a School Principal claim depreciation as a deduction on certain assets he uses for work puposes?

Posted 23 July 2015

Can a School Principal claim depreciation on his laptop, cellphone and car that he bought himself but uses a lot for school/work purposes?

How to declare additional income for part-time contract work and pay tax on that

Posted 22 July 2015

I am employed by the Department of Education (admin) and I get an additional amount from the School Governing Body for extra work done after hours and weekends. I pay 25% PAYE on this extra income.

However, I'm also doing debtors for a company on an online system as an independent contractor (20 hours per month) for which they do not deduct PAYE. I work at home and with no supervision. I have not registered this as any sort of business.

How much tax do I need to pay and h...

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Car allowance for full year if I worked 6 months

Posted 21 July 2015

I worked for 6 months and got a car allowance. I moved jobs and didn't get allowance. must I complete logbook for full year? What can I claim? I had a big service when at the new job and nobody paying for it.

I need my deceased fathers tax number

Posted 21 July 2015

How do I go about finding out what my father's tax number is? He is deceased and the executor is my grandfather and he is too old to travel as he lives in another province. I am his only living child. Is there another. Way of finding out the tax number without having the executor present as Sanlam needs it?

Must I submit the log book when submiting on SARS efiling?

Posted 21 July 2015

Morning,
I need to do SARS e-filing. What I would like to ask is does the travel log book have to be attached or only on request by SARS? The log book has been done manually in a book so I will have to transfer all that information into digital form but thought I could go ahead do e-filing without attaching it, and then if they request then I could do a digital form of the logbook and send it to them. Is this right?

Out-of-pocket dependent medical payments

Posted 20 July 2015

If I am a dependant on my husbands medical aid, but pay my own out-of-pocket (not covered by medical aid) expenses, can I claim this on my tax and where do I do that?

Benefits for tax directive

Posted 20 July 2015

I am a commissioner earner and received a tax directive for 18% from SARS for the 2015 tax year. What benefits are there to having a tax directive? Will I have to pay back on my tax return or will SARS calculate my tax at 18% according the tax directive?

Car allowance 100% taxed as other allowance

Posted 20 July 2015

Towards the end of the year I received a car allowance. However at this stage I was not sure of how many kilometers would be done for business. Therefore the allowance is now reflected as other allowance and is taxed 100%. How do I now file my tax returns against travel as it is not reflected under 3701 or 3702 on the IRP5?

Claim travel expenses without travel allowance

Posted 20 July 2015

I am a commission earner without a travel allowance. I use my private vehicle for work to go and see clients etc. Will I be able to claim travel expenses (like fuel) and depreciation on the vehicle?

Tax claims allowed for independent contractor - cellphone, banking fees, internet, fuel?

Posted 19 July 2015

Can I claim the following as an Independant Contractor:
Cellphone Usage?
Banking Fees?
Internet Bills?
Fuel Costs?

Maximum allowable travel allowance

Posted 19 July 2015

What is the maximum amount (percentage) that one is allowed as travel allowance based on the total package earned, ie: If my total package is say R10 000, maximum amount allowed as travel allowance is say 30%, then my salary will be R7000 and my travel allowance R3000.

I just need to know the percentage amount so that I can structure my total package accordingly to get the maximum tax benefit.
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