I DO NOT HAVE A FIXED SALARY AS I AM SELF EMPLOYED. WHAT DO I DO NOW?

Posted 6 July 2013

I DO NOT RECEIVE AN IRP5 FORM AS I AM SELFEMPLOYED

Being hired as a consultant for UK based company but I will be based in SA, how am I taxed?

Posted 3 July 2013

I am joining a UK based company next month as a consultant - I will be the only person working in SA so they do not want to open an SA entity - They will be paying me in by EFT into my bank account and I will need to pay tax on my own. Is this something you can help with?

How do you apportion depreciation for a PC with both business and personal use?

Posted 3 July 2013

I bought a computer for my work (I'm a sole proprietor) and I believe that I have to apportion any depreciation I want to claim on it on my ITR12--although it is mostly used for work, I do use it a bit for non-business purposes as well.

Could you please tell me how I would calculate an apportionment like this and if I would have to have been keeping records of use for the computer?

Do I *have* to submit additional documentation?

Posted 2 July 2013

I am a provisional taxpayer, and have been filing my returns for a couple of years. After filing my latest return, SARS says that I owe them R10, and also requested additional documentation.

Can I just pay the R10 and leave the "additional documentation"? It seems like a ton of schlep to scan all the documents, just to save on the R10!

ITR12 for foreign personal service providers possible?

Posted 1 July 2013

Hi Tim, I am running a sole proprietorship that is registered in Europe and provides consulting services to South African companies. My client classified my company as a personal service provider and started to withhold 28% tax. I registered as a tax payer (IT77) and created a SARS efiling account for organisations. The efiling account only offers me the option to submit an ITR12 return. The tax calculator assigns the normal personal income tax and not the flat 28% for personal service providers...

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I've been practicing as a medical practitioner since 2010 and still have not payed tax?

Posted 24 June 2013

How do I go about starting this process? I've been an associate for the first 2 years and a partner the last 2 years. I've acquired a house with my wife and we needed to renovate the house and the grannies flat into a practice which I practice from 2 days a week. With all living expenses I do not have the excess to pay tax. What do I do?

Where does one claim RA contrbutions on an ITR12 form?

Posted 18 June 2013

Registered as a provisional tax payer and cannot see where RA deductions can be added?

How would I handle tax for freelance work?

Posted 17 June 2013

I've just started at a company doing part time work (22nd May). I get paid on an hourly basis, and the amount hours I work is up to me (very flexible - I am a student). I work about 120 hours a month which returns over R10 000 per month. Since it wont be a fixed amount every month (could be less, could be up to R16K), am I provisional tax payer? The first IRP6 is at the end of August, how would I go about handling this?

Would I be expected to pay 25% of all the income from June 2013- February 2014, on payment #2 IRP6 (February 2014)?...

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Paying Tax for Website Earnings?

Posted 12 June 2013

Hi Tim

I have a website and I receive an income every month through advertising which is paid to my bank account from overseas every month.

The amount differs each month (how much visits I get, ad company etc.)

How will I pay tax if I earn one month R3000 and one month R10000 (examples).

I don't want to pay a lump sum at the end of the 'tax year' if that is what it is called but would rather pay monthly like when you working in a company, is this possible?...

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Medical Contributions and Expenses deduction for IRP6 First Period 2014?

Posted 11 June 2013

How are Medical expenses (Subscriptions and Self Paid) included/calculated on the IRP6 form.

Big trouble! SOS

Posted 4 June 2013

Hi Tim - I stumbled on this website today and it looks very helpful!Owing to a number of reasons beyond our control and sheer overwhelm by a 'black swan'-type situation since 2005, both my husband and I were not able to resolve our business and personal tax situation to date. Could we use TaxTim to complete Tax returns backdated to 2005?Hope you can help!

How does tax work for freelancers and part time workers?

Posted 3 June 2013

I am a freelance photographer, part time lecturer at two colleges and I facilitate some photography short courses. How do I pay tax? What tax do I pay?

What is an ITR14, who should complete this, and when is this completed?

Posted 30 May 2013

Hi TaxTim, Who should complete and when to complete an ITR14. What exactly is an ITR14, and how different is this from an IRP6 Provisional Tax Return?

Can Doctors Register a Company in South Africa?

Posted 28 May 2013

For a doctor running a private practice in South Africa, can a company be registered and will this be a benefit in terms of tax implications as compared to a sole proprietorship?

How my tax do I pay if I start a business along with my regular job?

Posted 28 May 2013

I am employed full-time. How do I calculate the tax that I need to pay for the money I earn working freelance? And where do I pay it?

Executive Director only received remuneration and bonus - how do his salary been tax?

Posted 22 May 2013

Does SARS seen the Director as a Provisional Tax Prac?How much paye will the Director pay on his SalaryAccording to Pastel Payroll they took his Estimated Annual Value into consideration when they worked out the Paye - is this correct?

When can I submit my provisional tax forms?

Posted 10 May 2013

I am a provisional taxpayer

SARS requested additional documentation but didn't tell me

Posted 10 May 2013

I am a provisional taxpayer... I work freelance and my income fluctuates. I've been doing my own tax through efiling for several years now, and have never had a problem. So this year, I send off my return on January 29 (yes, I know, leaving it till the last minute... every year I
promise I won't do that!!), and my assessment comes back, I'm owed R120.56. The amount is so small because I actually already did all the calculations in order to make my third provisional payment by the September deadline, so as not to incur any interest....

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Do I pay tax on extra monies earned?

Posted 8 May 2013

My wife earns a basic income of R2975 per month. This is not taxed due to the tax bracket.
She however, also gives dance classes 10 months a year in which she earns an additional R8330 per month.
It costs her R1650 in petrol and vehicle maintenance per month to run the classes.

How much tax should she keep out monthly to pay SARS what is owed to him?

I wish to register as a tax practitioner, how do I do this?

Posted 16 April 2013

I need a tax practitioner code to be able to submit tax return on behalf of customers.

What tax do I need to pay?

Posted 14 April 2013

I've got 4 small businesses that are not registered. The money comes into my personal bank account. I earn around R30 000 a month. Must I pay personal tax on the whole amount I get in every month or can I deduct the expenses used for business? I do not include any VAT on my business invoices, but I do spent money for business purposes.

I would appreciate it if you can help me with this!!

How to calculate provisional tax?

Posted 8 April 2013

When a company is a few months behind on their books (Nov 2012), can I either use an estimate from the 1st return (Aug), or even a 8-10% calculation above the 2012 returns, or figures just to get the provisional tax in? I'm still new to provisional returns - is the second (Feb) return's figures the TOTAL of the year, or the difference between the total and Aug's figures, i.o.w. the two returns should be the total? Thank you again!

I would like to know whether I am liable for Provisional Tax?

Posted 6 April 2013

I am under 65, DONOT PAY ANY TAX as my taxable income is under R67111. I have investment accounts and according to latest IT3 B statement, interest has accrued to R21000.00. Before this figure increases the R22800.00 threshold should I register as a provisional tax payer.

My employer is not registered for Employees' Tax, what can I do?

Posted 26 March 2013

I am working as a p/a and store manager to a sole proprietor. She is not registered as an employer and does not intention to register. No tax is deducted from my salary - what should I do?

Should I be submitting a return now for 2013 as a provisional tax payer?

Posted 25 March 2013

I've submitted my 2012 tax return last year as an individual taxpayer. After which I started freelancing midway through August. I was on a six month contract with my ex-company (which ended on 31 January) where they deducted the tax for me, but have also been doing work for other companies/individuals that I would have to pay the tax on. My question is, should I have submitted a return before the end of January to pay in at the end of March? If yes, what do I do now to stay tax complaint?
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