Do I need a log book for a sole proprietor

  Written by Marc   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?

  Written by Marc   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.

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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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Treatment of reimbursive and travel allowance in the same period?

  Written by Marc   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%

  Written by Marc   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

  Written by Marc   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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I have no IRP5, but I am tax for so Two years, I don't even know who I worked for?

  Written by Marc   Posted 10 January 2015

I am a freelance artist, sometimes I don't get my RIP5 and I spend months sometimes without a job, maybe a year, so how do you deal with people like me who are tax and have tax number but can't find the IRP5 when we required to bring it? What happens to us don't we get our return back? Should one forget about tax?

Calculating fuel expenses for ad hoc freelance work?

  Written by Marc   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)

  Written by Marc   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?

  Written by Marc   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

Settled business/private car tax allocation

  Written by Marc   Posted 5 January 2015

I have paid off/settled my car 4 years in advance that I use for business and private purposes. So far I've kept track of km for each and apply that percentage to my monthly installment as business expence. But how to go now about with the settled amount paid? What percentage must I use to allocate for tax purposes?

Can I invoice my employer as if I were a consultant instead of being an employee and paying PAYE?

  Written by Marc   Posted 5 January 2015

The question, I am employed by a company full time to which I fall in the 38% tax bracket and would like to figure a way out to pay less tax especially when I get paid commission over above my salary.
My company is open to the idea that I open a 'consulting' company to which I then invoice my employer as if I am not employed by them.

Is this possible and what are the implications of this approach?

Bussiness travel deviation, how do I claim bussiness mileage?

  Written by Marc   Posted 10 December 2014

I am driving from home to a business meeting, so its business mileage, but I have to drop my spouse at work which is a few Km's off the normal route to my destination. Can the total distance driven still be claimed as business travel?
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