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?

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

How long, if you dont have a tax number, do u have before you need if u have recently been employed?

Posted 17 February 2015

Lets say someone just recently started working, and wont be able to get their tax number before pay day. Is there an allowance or period that that person allowed to get my tax number without any penalties?

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!

Tax calculation on cost to company package of R 988 152

Posted 9 February 2015

I am 43 and I earn per month a gross of R71 805, with a contribution of R3705. 15 as my contribution towards my pension. I have made provision for payment of my bonus as at my birth date which is 03 August of every year with the option the tax thereof recurring. What should be take home after tax, put differently, what should I be contributing as my tax on a monthly basis?

I started with my new employer on 01 October 2014, does a start date have an effect on my tax contributions, if s...

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Commission less than 50%. Can I claim expenses?

Posted 4 February 2015

Hi. I earn a salary and commission. Last year my commission was lower than my salary. My consultant has claimed for expenses. Will this be allowed. I entertain clients allot, I use my car for mainly work purposes. My cellphone bill is mostly for work I have a home office. I spend allot of money to get commission. I have 3606 on my irp5

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?

Are setting up of WILLS tax deductible?

Posted 29 January 2015

Can I deduct the cost of setting up a Last Will and Testament in my next ITR12? I have already received an invoiced from my attorney.

Salary paid and claimable expenses?

Posted 26 January 2015

1. I am a salaried employee, I receive a travel allowance so I claim my business km's by using a logbook- but I would like to know whether I can also claim the depreciation on my vehicle even if I claim km's?

2. My wife was unemployed for 18 months, so I paid for her medical aid, she submitted a 0 return for herself, would just like to know whether I can claim the medical aid expenses on my tax return ( as I paid for it, but it is on her name). 3. I have a Samsung Tablet which I use 9...

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S10(1)(o)(ii) - does all the time out of SA need to be spent actually working?

Posted 25 January 2015

I am a freelancer, and last year I spent 248 days out of SA, in three blocks (including one block of more than 60 days). During some of this time out of the country, I did some contract work - two jobs for two different foreign companies, and one job for a South African company. But I spent much of the time not actually working, but travelling/holidaying. Of the 248 days, only 97 were spent on work contracts. So I just want to clarify whether the income I earned on those three contract jobs is t...

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Who should be liable if you income gets combined by SARS & you owe them but you as the tax payer wer

Posted 23 January 2015

Why would you fall under another tax bracket if you get a basic salary from employer A & commission from employer B which get paid on different dates, however you pay tax on both according to what you earn from each employer A & B ,who should be liable if you income gets combined by SARS & you owe them but you as the tax payer were not aware of this, you only find out once you submit your returns.

How would an individuals tax be calculated if he/she earns a basic salary plus a commission per year

Posted 22 January 2015

Does an individual taxpayer pay any PAYE on commission earned?

Treatment of reimbursive and travel allowance in the same period?

Posted 20 January 2015

How do we calculate business km's when employee has got both reimbursive and travel allowance?

Can I claim more than the allowance: note salary is more than 50%

Posted 16 January 2015

I am a business manager earning a salary/commission. Salary is more than 50% . I receive a travel allowance of 2500 per month.My m/v expenses are greater than 2500 per month. Can I claim more than the R30 000 allowance?

Maintenance claim on my vehicle if only recently started getting travel allowance for my personal mv

Posted 14 January 2015

I am a permanent salaried employee, I use my personal vehicle for business purposes, my company pays for my fuel, but I only recently started receiving a travel allowance, it has been worked into my current package so I don't get paid more it has just been incorporated into my salary package.

My question now is, will I be able to claim for the maintenance as per SARS calculation and my logbook? I have been using my vehicle since the start of the tax year, but as mentioned only starte...

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Examples of other taxable allowances falling under code 3713

Posted 13 January 2015

What does code 3713 on an income tax cover- examples of other allowances taxable

Calculating fuel expenses for ad hoc freelance work?

Posted 8 January 2015

How do I calculate car expenses for ad hoc freelance work? As an employee I'm reimbursed at the SARS rate for travel and it is recorded on my IRP5. But as a freelancer doing a couple of ad hoc jobs over the course of a year, whilst still being employed elsewhere, how do I calculate the expense per km, and what documentation/records do I need to keep?

Calculation of 183 days outside South Africa for income tax exemption as per Section 10 (1)(o)(ii)

Posted 8 January 2015

Can the entry and exit dates as per the South African Passport Control stamp in you passport be used as the entry and exit days (both days included) to calculate the 183 days outside South Africa for foreign salary income tax exemption, as per Section 10 (1)(o)(ii) for example: depart from South Africa the morning of 1 January 2015, passport stamped as "exit" by South African Passport Control and enter South Africa again on afternoon 10 January 2015, passport stamped as "entry". So days outside ...

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Getting a Salary vs Invoicing the Company?

Posted 6 January 2015

Good day. I was wondering if TaxTim could help me with a query relating to my salary at my new job.

The owner prefers me to invoice him for my services at the end of the month. My question relates to what the tax implications will be with this? The remuneration is R120K per year and will be paid monthly.

Does this require me to act like a small business? And is the tax payable more or less in this case?

Thanks for your time
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