Written by Marc
Posted 15 October 2014
Written by Marc
Posted 15 October 2014
Hello Tim,I came across this and would like some advice on whether or not it means I shouldn't claim rental expenses for the space I use for office purposes in my home. I'm still paying the bond towards the property and use one of the rooms as an office. (beware, if you own your home, do not write off a portion of your interest on your bond or rates, as you will lose your primary residence capital gains exemption of R2-million! When you sell your property one day, this would equate to ...
Written by Marc
Posted 15 October 2014
Written by Marc
Posted 15 October 2014
Written by Marc
Posted 15 October 2014
Written by Marc
Posted 14 October 2014
Written by Marc
Posted 14 October 2014
I am a non-resident of South Africa because I have been living and working in the UK for the past 2.5 years. I had gotten some (bad!) advice from someone that said that I should continue to fill in my tax return because I have not officially emigrated. He said I should just fill in "0" for income and to state that I am unemployed. I went ahead and did this, but now SARS are asking for additional verification documents. I can still amend my return online. I realise now that I probably d...
Written by Marc
Posted 14 October 2014
Written by Marc
Posted 14 October 2014
Hi,
My previous employer failed to submit my IRP5 in time. I was only issued (after a few months of begging) with a copy of my IRP5. This I sent to my Tax Practitioner, I have been informed that Im being audited via my Tax Practitioner, SARS didn't contact me, can this be? What does it entail? Am I in trouble for a previous employer's negligence? What to do now that the closing date is in November and I still haven't heard / received anything.... what will happen if I miss the c...
Written by Marc
Posted 13 October 2014
Written by Marc
Posted 13 October 2014
Written by Marc
Posted 13 October 2014
Written by Marc
Posted 13 October 2014
Written by Marc
Posted 11 October 2014
Hello there, I recently sold my house and invested the money in interest bearing acc. I have now moved to the Uk. I needed to get tax registered to sell my house. Prior to this I was not working as my partner supported us. I beleive I have to do a tax return. I registered for my tax number online but have not been able to get registered to do a return online as it comes back as incorrect data. I beleive the number was registered at Germiston or Alberton office. Can you register me online for ...
Written by Marc
Posted 10 October 2014
Written by Marc
Posted 10 October 2014
Written by Marc
Posted 9 October 2014
Written by Marc
Posted 9 October 2014
Written by Marc
Posted 9 October 2014
Hi There,
I just filled by 2014 tax returned through eFiling and got an email from SARS stating I have a notification that needs by attention. This was regarding my 2012 tax return and it still needed to be submitted. I submitted it soon as possible. I received three emails from SARS, the first one stating that statement of account as been issued, ITSA for the period of 2012 - 2014 and the other two emails stating I have a ITA34 notice for 2014 and 2012. I opened these notifications and the only thing stated was the period and - amount...
Written by Marc
Posted 9 October 2014
Written by Marc
Posted 9 October 2014
Written by Marc
Posted 8 October 2014
Written by Marc
Posted 7 October 2014
Written by Marc
Posted 7 October 2014
Written by Marc
Posted 7 October 2014
Hello Tim,
SARS' records show that my assessment month or fin year end is Feb. My previous accountant used the financial year end date reflected on my CIPRO company registration for compiling my IFS which is Mar. She then submitted records for until 31Mar. I'm now in the process of submitting my returns for this period and would like to align SARS records with my previous accountant's submission; that is change the assessment date from Feb to Mar.
How do I go about this and what are the possible implication? ...
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