What allowable deductions does a Pilates instructor qualify for?

Posted 30 May 2016

I am a Pilates instructor and earn a commission from the studios I work at and I do my own invoicing for clients I see outside of the studio. The later I am self employed as I understand it. I only started working in South Africa in Aug 2014. My 2015 tax return was done by an accountant. I understand that being self employed and a commission earner I can deduct expenses directly related to earning an income such as:

- Vehicle expenses
- Phone expenses
- Education and training...

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what expenses can i claim if I own a taxi?

Posted 26 May 2016

If I own a second vehicle and use that second vehicle 100% as a Taxi. Would the tax be payable on only the income or payable on income - (minus) expenses?

For example, monthly costs breakdown as follows:

Expenses: Vehicle Repayment Costs - R1500 / Vehicle Insurance: R1100 / Vehicle Tracking Costs: R100 // Total: R 2,700. 00

Income: R 8,000. 00

Income (R 8,000. 00) - Expenses (R 2,700. 00) = R 5,300. 00

My question is. Would I pay tax on the income of R 8000 before deducting expenses...

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Wear and tear on coffee machines?

Posted 22 May 2016

What is the wear and tear rate for coffee machines

Sequestration and Business Vehicles

Posted 13 May 2016

If I have been declared insolvent, can I still make claims against the business use of a vehicle if not registered in my name? For example, I make use of a vehicle registered in someone else's name, but I still make the payments as I am the driver of the vehicle for business purposes. Also, what if exemption was granted and I kept my vehicle, will I then still be allowed to claim against the use of my vehicle used for business even if I am sequestrated?

Independant Contractor - deductions

Posted 28 April 2016

Can I, as an independant contractor, pay my unemployed spouse a minimum wage salary and deduct this from my monthly taxable income? I do have a payrol service provider and get issued a payslip with my income, travel allowence, UIF, medical aid and Tax after the deductions from them on a monthly basis.

No IRP5 due to retrenchment

Posted 26 April 2016

We got retrenched in Sept 2015 after not being paid two months salaries. Employer claimed liquidation, but no details up to now. We do not have IRP5 because the sub-contracted audit/payroll company has not been paid for such service, and they are refusing to provide us with IRP5 due to non-payment by the employer that retrenched us. How do we go about solving this problem? We need IRP5 for the 2015/2016 tax season submission.

How is online income in foreign currencies taxed locally?

Posted 19 April 2016

Hi. I'd like to know how online generated income is taxed. I am a South African resident currently in the process of generating income in foreign currencies ( US dollar and the Euro). I do not want to break any tax laws, please assist me.

Sole trader tax information

Posted 6 April 2016

How do I find out what receipts I should keep now that I want to operate as a sole trader and what should be declared as is tax deductible?

Travel claim against commission income /vehicle claims

Posted 6 April 2016

Can you claim depreciation as well as finance charges on a travel claim against commission income?

How to submit an oustanding return when you don't have an IRP5 and cannot find the employer?

Posted 5 April 2016

What do you do if you have an outstanding SARS tax return for 2011 if you do not have an IRP5 for that tax year since the company you were working for cannot be found/traced? I was working on a contract basis and do not recall ever receiving an IRP5 for that year. I have submitted tax returns before and was never made aware of any outstanding tax returns. Only now that SARS needs to pay me money back do they mention that there is an outstanding tax return for 2011. How does there system work? I ...

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What are wear and tear deductions on laptop and car?

Posted 31 March 2016

I use my car to go to and from work. I bought the car in 2015. Can I use this as a deduction on my next tax return? I also use my personal Laptop for work, all day everyday, bought it about 2 years ago, can I also get a deduction on this?

Wear and Tear claim for home office equipment for sole proprietor

Posted 31 March 2016

Can a sole proprietor claim wear and tear on home office furniture, equipment, computers? What is the allowance?

Can't acquire irp5 from previous employer before emigration

Posted 29 March 2016

My previous employer liquidated on 12 February this year & the liquidation hasn't been completed yet. I am scheduled to move to work in Dubai in mid April on a 3 year non binding contract and I am wondering what would be the best solution to file my tax returns for the 2016 tax year?

Just in case I am unable to acquire the liquidators details before I leave for Dubai? Or what can I do if the liquidator does not send me the IRP5?

What to do if SARS penalises me?

Posted 17 March 2016

I was working freelance for 2 companies. My salary was plus minus R15,000 a year. SARS penalised me because I don't fill in forms. They say I owe R10,500. I don't have that money - what can I do?

What are business related expenses if you are a bookkeeper working from home?

Posted 17 March 2016

What are business related expenses if you are a bookkeeper working for several clients from home?

What other documents are required besides submitting an affidavit?

Posted 11 March 2016

I worked for a company for one day and I haven't tax returned due to personal circumstances in 2014. I have been unemployed ever since. SARS is requesting I think an ITR12 / IRP5. I cannot submit either of these documents. What do I do besides get an affidavit?

Outstanding tax returns and arrears for commission earner

Posted 9 March 2016

I have outstanding tax returns for 2012/2014/2015 and the subsequent penalties outstanding PLUS an arrears amount of just short of R20 000. I am registered for e-filing but find expenses I can claim for and their relevant codes very confusing so have saved the tax returns without any expenses claimed. I am a commission only earner in property sales and have IRP5's for the relevant periods. I have not kept a log book for petrol and kms but have slips for petrol, car expenses, data costs, client ...

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What are acceptable write off periods for depreciation?

Posted 25 February 2016

In addition to my previous question, the "Schedule of Write-off Periods Acceptable to SARS" (provided by SARS) - does that apply to Depreciation and/or Wear and Tear?

Can I not decide on a set period for all my assets and write off depreciation and wear and tear at that same rate? Example: @ 25%

No tax returns since 2010?

Posted 25 February 2016

My husband still owes his 2010 tax return to SARS. His employer never furnished him with a IRP5 and also never paid over his tax for that year or supply him with a payslip. Up to today he did not supply him with an IRP5 and I am worrying myself sick about the penalties and stuff. What must he do? Will they keep my husband accountable for that money? Thx this is a great website. Wish I knew about it earlier! Will definitely do my tax return via you.

Company car versus personal car and travel allowance

Posted 23 February 2016

A client of mine is the sole shareholder and employee of his company. He does a lot of car travel for his work.
What is the most beneficial method in terms of tax:
to buy a car in his own name, or to buy one in the company name and use it for business and personal (will be small personal use)?

Lawn mower purchase

Posted 23 February 2016

We are a NPO and want to know if we can write off an lawn mower bought for cash second hand for R9000. 00

Claiming travel expenses on a fixed cost basis without an travel allowance

Posted 22 February 2016

I am self employed and earn commissions and fees. Can I claim a travel expenses on a fixed cost basis even if I don't get an travel allowance?

Fuel Reimbursement

Posted 19 February 2016

What tax code must be used when a company reimburses fuel only and business km's exceeds 8000km per annum. There is no refunds for wear and tear, repairs and maintenance or insurance. At present the code on the IRP5 is 3702, is this correct?

Will you be liable to pay capital gains tax if you bought a vehicle and sold it for a profit?

Posted 19 February 2016

I have bought a second hand car for an amount of R168000 in cash, 3 months later I decided to sell the car as it is not being used often for an amount of R215000. Will I be liable for capital gains tax on this?

Cellphone expenditure deduction code

Posted 12 February 2016

I receive a monthly cellphone allowance. Under what code do I deduct the actual expenditure on my tax return on SARS eFiling? The "other" category has not historically been available to me.
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