Commission PAYE - assistance?
Posted 11 May 2015
Hi Tim. Great Blog!
My question is quite simple. I've started working for a company earning commission only. We have not yet registered any of my details and I've earned around R 18 000 in commission this month. I would like to know what percentage should they have deducted from my earnings? Is it 18% throughout? I would also like to register under code 3606 as I have various expenses that I need to incur in order to conclude a sale and would like to deduct some of these expenses. Do I claim it ...
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Which form do I need to fill in to get registered for tax as a freelance artist ?(Foreign National)
Posted 30 April 2015
I am a foreign national student (Zimbabwean), I am an freelance performer, I want to register for tax, which form do I need to fill in?
Can I claim VAT or qualify the above mentioned type of transaction as a Tax invoice?
Posted 30 April 2015
I have a Invoice with Invoice NO:XXXX and the supplier charged VAT at 14% which is displayed according to SARS rules. My problem is that the words "Tax Invoice " are displayed vividly underneath the description of the goods purchased as "This is a Tax Invoice", do I claim VAT on this type of a transaction? The supplier is a VAT registered entity.
Can I pay and deduct vat input on this type of transaction?
Posted 30 April 2015
You ask for a "Copy Tax Invoice" from the supplier and the supplier issues a Tax Invoice ("Office Copy"), is this acceptable as a "Copy Tax Invoice"?
Do you pay PAYE on unpaid leave?
Posted 30 April 2015
My salary is as follows basic of 16500, travel allowance of 4500, cell all R500, medical aid R500 & RAF R500. I did not work 2 days this month and this was deducted as unpaid leave of R1517. 24. Please advise if you are supposed to pay PAYE on unpaid leave. Thanks
As an independent contractor, can study fees be claimed in a tax return?
Posted 21 April 2015
I'm an independent contractor (SARS code 3616) and would like to find out whether my UNISA study costs can be included in my text return? My degree is related to my job and the agency I contract through does not contribute to my study costs. If my study costs can be claimed, where should the amounts be captured on the claim form?
How does my salary get taxed?
Posted 21 April 2015
Hello , I am 37 years old and my annual salary is R160000 and travel allowance R40000 I a traveling roughly equal for business and private distance and contributing R14000 pension fund (out of my salary earnings) what is my tax deduction from my monthly salary?
Is it possible to submit my ITR12 as a director before submitting for the company?
Posted 21 April 2015
Is it possible to submit my ITR12 as a director before submitting for the company?
How can I claim my returns from paying school fees, groceries and my car for travelling to work?
Posted 6 April 2015
How can I claim my refund from paying school fees, groceries and my car for travelling to work everyday?
Tax om commission
Posted 29 March 2015
What is the percentage tax to pay on commission earned. My salary is R35 000 and some months I earn about R180 000 commission.
Can I claim for travel expense if I earn a basic and comm and my comm is less than 50% for the year?
Posted 3 March 2015
I earn a basic and commission, but my commission is less than 50% of my income for the year. I have claimed travel expenses as I use my own vehicle and pay my own petrol etc. I submitted a logbook, but they have disallowed the travel expenses as my commission is less than 50% of my total income. Is this correct? How else can I claim for my travel expenses? As it cost me R58 171. 00 for the year and I should be able to get something back surely?
If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expense
Posted 3 March 2015
If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expenses that are not reflected on your year end statement from your m/a ie they have never been submitted to your m/a?
Classification of income for contract employment and permissible deductions.
Posted 27 February 2015
Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...
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Do I need a log book for a sole proprietor
Posted 27 February 2015
Hi Tim, I am a sole proprietor and have a question about deducting my vehicle and petrol for business use. Currently I am deducting 70% of my vehicles monthly installment as well as 70% of my fuel costs from my taxable profit. However I have not been keeping a log book, the 70% is an estimate which in my opinion is a bit lower than my actual business use. Almost all my mileage is for business use. Could I get in trouble for this? Do I need to keep a logbook? If ever asked by sars I could give a ...
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How to ask for an extension of the time to submit our return?
Posted 26 February 2015
We are a Partnership traveling Southern Africa for our business. We traveled and had a lot of vehicle problems and due to that, we cannot finish our tax returns before the 27th of February 2015. What can we do to get a week's extension?
Can I claim for feeding stray animals and taking them to the vet etc.
Posted 26 February 2015
I spend at least R2,5k a month feeding feral cats. I have all the invoices from the vet. Can I claim for this?
I travel from home to different sites by the company vehicle, how to account for private kilos?
Posted 24 February 2015
I travel from home to different sites by the company vehicle, how to account for private kilos?
How to register student, doing part time modelling, with SARS
Posted 22 February 2015
My daughter has started a part time modelling career. She is 15 years old and still in school. Do I register her as a normal individual tax payer with SARS, she will be a sole proprietor. There will be
expenses deductible for tax purposes.
Claiming for Petrol from SARS?
Posted 22 February 2015
I have a full time job as a Sales Executive. I use my own vehicle for work, and keep a logbook. I then claim S&T from my work and get paid the month there after. Can I claim and how does it work (what must I claim and what do I get back)?
As well - I buy gifts for my clients (chocolates, accessories, stationery, etc. Can I also claim this?
Depreciation on private vehicle
Posted 20 February 2015
Can one claim depreciation on a private vehicle if you have already claimed for travelling - Commission income
My wife earns 35% commission (salary) per month ,how does her employer calculate her PAYE?
Posted 17 February 2015
My wife does not earn a salary but earn 35 % commission on all work done. She generally earns more
than R10 000 per month. How does her employer calculate her PAYE?Can one use the calculator on
your website?
Tax directives on commission?
Posted 11 February 2015
What is the position where an employee earns a high salary and pays site and PAYE on this but also earns commission over and above his salary. Can he claim a tax directive on commission or must he estimate his tax liability. This could be difficult as he does not know what commission he will earn.
Self-employed and Commission Earnings Tax?
Posted 11 February 2015
I will be starting a new job where I will be working on a contract basis and invoice the company each month for my hours worked to receive payment. How much will I be taxed? 25%?
Also I might start earning commission a few months down the line, how much tax am I charged on commission?
Thank you in advance for the help!
How to submit tax for freelance work
Posted 2 February 2015
I have been freelancing for 8 months now and have generated some income. How do I submit my tax return for these cash deposits? They are all different amounts from different clients. I obviously do not have an IRP5 as these were cash based payments.
Can you deduct expenses incurred in production of income when earning an hourly rate subject to PAYE
Posted 31 January 2015
Where you work on short term contract for an hourly rate and your "client" deducts employee tax from your earnings (following completion of a questionnaire), are you able to deduct expenses incurred in the production of that income - such as travel and subsistence?
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