Written by Marc
Posted 3 October 2013
Written by Marc
Posted 3 October 2013
Written by Marc
Posted 2 October 2013
I was employed in South Africa from Jan'2011 till 1st Aug'2013 (relocated to USA). I have filed my tax in 2011 and 2012.
Now I filed my tax return for 2013 through eFiling with all supporting documents. Post submission, I got an original assessment which showed me a credit of (ZAR -37,000); however it was also selected for audit and today after a month, there is another version of IT34 uploaded which shows an amount of (ZAR 820) which I need to pay to SARS. They have also mentioned that this IT34 doesn't show any amount calculated in previous assessment and that my statement balance is now (ZAR 37000 - ZAR 820 = 36,180)....
Written by Marc
Posted 2 October 2013
Written by Marc
Posted 2 October 2013
Written by Marc
Posted 2 October 2013
Written by Marc
Posted 2 October 2013
Written by Marc
Posted 1 October 2013
Written by Marc
Posted 1 October 2013
I started earning extra wages outside of my salary in February 2013 and so I have registered for provisional tax. On my IRP6 I need to fill in my gross turnover(which I understand to be my gross salary other income including my rental earnings, wages earned and interest on investments) and then my estimated taxable income (which I understand to be my gross turnover minus my costs, retirement annuity contributions and my pension contributions). How do I work out the taxable portion of my salary ...
Written by Marc
Posted 1 October 2013
Written by Marc
Posted 1 October 2013
There is an AP34 on my efiling 'main page' that shows an amount owed to SARS for 'ITR12 non-submission 2010'. I requested an account statement and the balance on the statement is R0. Now I don't know: do I or don't I owe SARS money? All my returns are currently up to date - I had outstanding returns last year, but got a bookkeeper to get everything up to date. She submitted all the documents requested by SARS after disputing a revised assessment of 2010 - the dispute was allowed, all penalties ...
Written by Marc
Posted 30 September 2013
Written by Marc
Posted 30 September 2013
Written by Marc
Posted 27 September 2013
Written by Marc
Posted 27 September 2013
Written by Marc
Posted 27 September 2013
Written by Marc
Posted 27 September 2013
Written by Marc
Posted 26 September 2013
Hey TimI am back and this year I have subscribed to your service so I'm looking forward to easy filing!I do have a couple of questions, keeping it high level, as I earn the majority of my income on commission and spend quite a lot of my own income in making that possible. I'll just dive right in:A.) Can I claim depreciation on my 1.) Car and 2.) Scooter - how do I calculate that and where do I put that on my return if I can?B.) Can I claim insurance expenses on 1.) My Home Office and 2...
Written by Marc
Posted 26 September 2013
I went to verify my bank details at a SARS office only to find I have a third party bank account and I quote from SARS website "A third party account is an account where there is a main member but a secondary member has signing authority. No change of banking details will be allowed by a third party. If the secondary member is the taxpayer to whom a refund is due, he/she will have to open his/her individual bank account."
I have a problem with this. I closed my personal account to avoid du...
Written by Marc
Posted 26 September 2013
Written by Marc
Posted 26 September 2013
Written by Marc
Posted 26 September 2013
Written by Marc
Posted 26 September 2013
Written by Marc
Posted 25 September 2013
Written by Marc
Posted 25 September 2013