I have been working for various companies, earning not very much. in the past 1 year and 6 months I worked for a company where for the first time got an IRP5.. and money was being deducted from my commission. I don't know much about tax, and I never claimed. no medical aid..
I have power of attorney for my 90 year old mother's fixed deposit account (small amount). I am concerned that the worst might happen and want to transfer the account into my name before then as I am concerned that the money will be frozen and we may need it to pay for all the arrangements. My question is what is the most tax efficient (for me as her sole provider) way of doing this as the money will be used to make all the arrangements afterwards. In addition I currently pay for her old ag...
My Salary is R 5442.00 a month after deductions of which I do not get taxed but pay a medical aid for myself and my 2 kids of where the employer pays 50% of which my total amount starting last year Septermber were R 1297.00 and from January 2014 R 1413.00
Will I be able to claim a tax deduction for myself if I am on my wife's medical aid? It costs more to join a medical aid on my own, rather than to join as a dependent, and I would like to know what the tax benefit is.In previous examples, you stated that each member can get a R230 per month tax credit - has this changed?We both earn salaries in excess of R30K per month
How would you complete your personal tax return if you left employment in November 2013; started your own business and contributed out of your own pocket for your Retirement Annuity and Medical Aid from December 2013 until end of 2014 Tax Year. You have also not drawn a fix salary the last 3 months of the 2014 Tax Year. You have also contributed 100% capital towards your business.
A client has broken his fingers and cannot perform his work commitments as a personal trainer and actor. He is trading as a sole proprietor. First question is, will he be taxed on his payout for impaired benefits from his insurance company? Secondly, what supporting documents need to be submitted to the insurance company for this payout? Thirdly, what expenses can be deducted from a client who is either a model/actor that is paid via an agent? Older posts →← Newer posts161718192021222324252627282930313233343536