Tavel Expenses no Allowance

  Written by Marc   Posted 15 November 2014

As a commission earner with no allowance I have travelled about 15 000 km what method do you suggest I must use to claim the fixed method of R 3.24 per km or what else

My Audit with SARS is taking forever...

  Written by Marc   Posted 15 November 2014

I have submitted my tax in June. Have been audited x2,and still haven't heard anything from them. Went to SARS offices last week, they can't give me any answers, just that it is still with the auditors. What must I do?

WHAT ARE DEDUCTIBLE EXPENSES FOR SELF-EMPLOYED SURGEONS

  Written by Marc   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.

Why cant I log into SARS eFiling with normal user name and password?

  Written by Marc   Posted 14 November 2014

I cannot log into eFiling, keep saying details are incorrect even after reset password?

Does SARS charge a penalty on the late submission of an income tax return with a refund

  Written by Marc   Posted 14 November 2014

Hi TaxTim,

This year was my first year of employment and as such I registered for tax. Additionally, I only received a salary for two months during the tax year (January and February). I therefore fall below the tax threshold and should receive a refund of the PAYE that was paid.

I am busy trying to register on e-Filing in order to submit my tax return on time (before the deadline of 21 November 2014). SARS has however requested that I go to the SARS branch to verify my banking details in order to successfully register me on e-Filing....

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SARS souce code 4112

  Written by Marc   Posted 14 November 2014

On my IT 3(b) I have for SARS source code 4112 (Foreign withholding tax on dividends) an amount of -R 68.93.But eFiling does not allow me to enter a negative value for SAR source code 4112When I posed this question to 2 of my investment institutions, I got 2 different answers.The 1 said:Make it a positive value and the other said:The tax in question is one that has already been deducted by the foreign constituent in the country of origin(appears as a negative value), it should therefore not be d...

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

  Written by Marc   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.

If I dismised SARS will pay back my contributions?

  Written by Marc   Posted 14 November 2014

Can I get something or money back when I not working at my company?

Do I pay tax if am working for NGO?

  Written by Marc   Posted 14 November 2014

I am working for NGO, I am currently earning 8000, do I have to pay tax?

How long does it take for new bank details to be verified?

  Written by Marc   Posted 14 November 2014

How long does it take for new bank details to be verified? I went into a SARS branch and submitted all documents, and received a confirmation email saying that my 'updated registered particulars can be viewed on efiling'. However, my bank details have not updated on efiling, and it won't let me submit my return until the new details have been verified. Tax returns are due next week Friday

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

  Written by Marc   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?

Depreciation Disallowed?

  Written by Marc   Posted 14 November 2014

On my previous ITA34 SARS said that the amount refundable to me was R-6153.46 (there was a depreciation value of R2533.00 for a laptop that I use for work purposes). Now I have received a new ITA34 assessment stating that I owe SARS R633.25. The statement says DEPRECIATION DISALLOWED.

I sent them the original purchase tax receipt for the laptop, was I supposed to send them something else? What must I do now?

IRP5 form reflecting less periods than worked, but correct remuneration.

  Written by Marc   Posted 14 November 2014

My company was acquired by 24.com halfway through last year.
On my IRP5 form it lists 4 periods since we were taken over, but only 6 periods for the time prior to that instead of 8 to make up the full 12 tax months that I was working for.

The remuneration is correct and reflects my payment for all 12 months, but with only 10 periods reflecting and not 12, I am nervous SARS will assume I am paid more monthly than I actually am and move me into a higher tax bracket or claim more tax from me? Please can you advise, I want to submit my IRP5 in time but not its financially detrimental to me and my other colleagues and payroll doesn't seem to know what's potting. ...

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IRP5 not applicable but SARS keeps asking to rectify?

  Written by Marc   Posted 14 November 2014

My salary earned is outside SA, I reside outside SA for the past 13 years.
After completing the questions the system requests IRP5 which I do not receive.
Please advise

do I have to fill in ITR-DD every year

  Written by Marc   Posted 14 November 2014

do I have to fill in itr-dd form every year

Rebates calculation

  Written by Marc   Posted 14 November 2014

How does the rebate on your assessment get calculated?

Would like to have a trial run without submitting a returns.

  Written by Marc   Posted 14 November 2014

I do not want to submit for this past returns.
However I would like a trial run to see what I need for the next one.

Can holiday bonus be taxed?

  Written by Marc   Posted 14 November 2014

Can SARS tax your holiday bonus???

tax number what is need to do it?

  Written by Marc   Posted 13 November 2014

It's my first time doing a tax number what is needed for me to have a tax number?

Accrued Interest on my income tax return?

  Written by Marc   Posted 13 November 2014

Do I submit 'accrued' interest with my interest paid when completing my tax?

Selected for audit and need tax clearance certificate?

  Written by Marc   Posted 13 November 2014

I have been selected for a SARS audit. I need a tax clearance certificate to continue my business, but it appears that SARS will not issue one. Where do I go from here? It would appear I go out of business because I have been told by SARS that the audit process takes anywhere from 3 to 12 months to complete. Is there anything I can do?

Medical aid claims

  Written by Marc   Posted 13 November 2014

Myself and my wife are on the same medical aid. She is the main member and pays for it every month.
Myself the dependent have many medical expenses that where not paid out by the medical aid. Do I claim for these medical expenses on my tax return or should she as primary member claim?

Must amount of R2,15 payable to Sars be paid?

  Written by Marc   Posted 13 November 2014

My net amount payable for tax assessment is R2,15. Must I pay this amount?

I have lost my IRP5 form can you guys help me without it?

  Written by Marc   Posted 13 November 2014

I have lost my IRP5 form can you guys help me without it?

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

  Written by Marc   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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